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Author: mjuarez Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1118  
Subject: Discoverer India now operating Date: 12/19/2010 8:55 AM
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A new rig comes online to join the fleet.


ZUG, SWITZERLAND--(Marketwire - December 17, 2010) - Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that the newbuild ultra-deepwater drillship Discoverer India has commenced operations for Reliance Industries in India under a minimum five-year drilling contract. By December 31, 2010, Reliance can choose to extend the term of the contract to either seven or 10 years


http://www.marketwire.com/press-release/Transocean-Ltd-Annou...

According to the October fleet status report, Discoverer India's initial dayrate was going to be $537K/day for the first six months, going up to $557K/day for the next 4 and a half years. That's another $8M in revenue booked, just for operating the last 15 days of the year, and ~$50M per quarter in 2011.

Should at least partially offset the decreased revenue in the GoM.

Marcos
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