Credit Suisse Energy Summit February 5, 2013 www.deepwater.com
Industry leader committed to customers, employees, and shareholders Clearly defined strategies to create value Operations Capital deployment Assets Well positioned to capture global opportunities in an improving market…
Worlds largest offshore contract driller Largest fleet of high spec and midwater floaters Operates in all markets worldwide Significant relationships across the customer spectrum Positioned to lead Premier position in…
Customer Technical Our People Global Reach Relationships Expertise Transocean
Return Excess Capital Cash to Investment Shareholders Debt Margin Reduction Improvement
Continue to improve operational performance Maintain financial flexibility and strong balance sheet Execute asset strategy Resolution of remaining uncertainties Macondo Brazil Norway
We are focused on delivering superior operating performance: Revenue efficiency Technical improvements Improved contract terms Historic levels believed achievable but progress will be gradual and non-linear Rig out-of-service time…
Maintain financial flexibility to meet future requirements in the context of uncertainties Manage financial exposure Contract-backed Shell newbuilds DOJ settlement Sustain investment grade rating Continue to divest select non-core…
Macondo Civil and criminal settlement agreements reached with DOJ comprising 1.4B over five years Phase 1 of trial scheduled to begin February 25, 2013 Brazil Frade Preliminary injunction served on Transocean 9/27/12 Injunction…
Grow our leadership position in high- spec assets Build, acquire, divest and / or spin-off Core, strategic asset portfolio Ultra-deepwater Harsh Environment High-spec Jackups High-quality floaters and jackups
Fleet expansion Four dynamically-positioned ultra-deepwater drillships 10 year contracts (7.6B of backlog) 3.0B investment with attractive terms Ships have advanced capabilities Dual activity, industry-leading hoisting capacity…
Sold 38 rig package to Shelf Drilling Buyer group has deep industry experience Transocean will provide support to facilitate a successful transition A significant step forward in execution of asset strategy Divested 16 additional…
Transocean Fleet (1) - 9 Key Market Drivers Demand and dayrates are increasing Continuing demand growth is: 9 Absorbing uncontracted newbuilds Stable/increasing dayrates 1 available through 1H13 Global Fleet (5) - 149 Current…
Transocean Fleet (1) - 28 Key Market Drivers No influx of newbuilds 1 7 Demand continues to increase in UK and Norway Multiple opportunities for available units in 2013 Petrobras releases could impact market 20 3 available through…
Transocean Fleet (1) - 16 Key Market Drivers High UDW utilization has positive impact on DW 3 Tendering activity is steady Strong demand in West Africa & Australia Petrobras releases could impact market 13 2 available through…
Transocean Fleet (1) - 29 Key Market Drivers 2013 availability is being absorbed 1 Demand and dayrates are steady Customers now looking for 2014 delivery Strong demand in USGOM, West Africa, East Africa & 1 available 28 other…
Kara Sea Barents Sea Norway Black Sea / Turkey China Israel USGOM Mexico India Liberia Philippines Cote dIvoire Sierra Leone Ghana French Guiana Nigeria Indonesia Gabon Brazil Mozambique / Tanzania Angola Australia…
By Asset Class By Customer 15% 35% 21% 23% 54% 3% 42% 4% 3% Ultra-Deepwater Deepwater Integrated NOC Independent Midwater High-Specification Jackups ADTI Other YTD September 2012 Revenues - 6.9 billion
Industry leader committed to customers, employees, and shareholders Clearly defined strategies to create value Operations Capital deployment Assets Well positioned to capture global opportunities in an improving market…
Credit Suisse Energy Summit February 5, 2013 www.deepwater.com
(1) Per Fleet Status Report issued January 17, 2013. Floater classifications are by water depth as described in the Fleet Status Report. Harsh Environment Floaters are included in the appropriate water depth classification. Rig count…
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