Transocean secures $486M contract for Deepwater Aquila, acquires JV partner stakes

Transocean Ltd.

Three-year award with a national oil company for work offshore Brazil; expected start Q3 2024.
Approximately $486M in firm backlog; mobilization fee ~90x dayrate excluded.
Acquiring outstanding interests in Liquila Ventures from Perestroika and Lime Rock Partners.
Will own eight of twelve ultra-deepwater 1,400 short-ton hookload drillships globally.
Exploring debt financing to fund rig acquisition from shipyard and contract preparations.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Transocean Ltd.: Articles of Association amended to reflect increase in share capital from CHF 84,371,527.60 divided into 843,715,276 registered shares following issuance of 11,870,376 new shares (effective 2023-09-12).

Change: charter amendment
Effective: 2023-09-12

Exact text from the filing

On September 12, 2023, the Articles of Association of Transocean Ltd. (the “Company”) were amended (as amended, the “Articles of Association”) to reflect changes in the Company’s total issued share capital resulting from the issuance of 11,870,376 shares, CHF 0.10 par value, of the Company (the “New Shares”) to one of the Company’s wholly-owned subsidiaries at par value for a total consideration of CHF 1,187,037.60 (the “Capital Increase”).

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11 governance changes filed in the last 30 days. Browse all governance changes →

Transocean Ltd. filing history →

Source: SEC EDGAR

accession 0001451505-23-000108

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