##### 



TRANSOCEAN INC. (NYSE: RIG) FLEET UPDATE
  DISCLAIMER.
 No Unauthorized Publication or Use.
 Client Contract Duration, Timing and Dayrates and Risks Associated with Operations
 Out of Service Days (Shipyards, Mobilizations, Etc.).
  Forward-Looking Statement
 Fleet Classification




---



##### 



Transocean Inc. (NYSE: RIG) Fleet Update
 Revisions to Last Months Fleet Status Report Noted in Bold  *
 EstimatedYr.(1)
    
    
    
    
    
    
    
    
    
    
    
    
    
    Current
    
    Expiration
    
    Current
    
    PreviousFloater
    
    
    
    Entered
    
    Water
    
    Drilling
    
    
    
    
    
    Contract
    
    /Out of
    
    Contract
    
    ContractRig Type/Name
    
    Type
    
    
    
    Service
    
    Depth
    
    Depth
    
    Location
    
    Client
    
    Start/Idle Date
    
    Service(2)
    
    Dayrate(3)
    
    Dayrate(3)(Feet)
    
    (Feet)
    
    
    
    
    
    
    
    
    
    (Dollars)
    
    (Dollars)High Specification Floaters:Ultra-Deepwater (17)(See Footnotes 12, 13, 14 and 15)Discoverer Clear Leader
    
    ship
    
    *
    
    TBA
    
    
    12,000
    
    
    
    40,000
    
    
    USGOM
    
    Chevron
    
    See Footnote 12
    
    See Footnote 12
    
    See Footnote 12Discoverer Americas
    
    ship
    
    *
    
    TBA
    
    
    12,000
    
    
    
    40,000
    
    
    USGOM
    
    Hydro
    
    See Footnote 13
    
    See Footnote 13
    
    
    475,000Discoverer Inspiration
    
    ship
    
    *
    
    TBA
    
    
    12,000
    
    
    
    40,000
    
    
    USGOM
    
    Chevron
    
    See Footnote 14
    
    See Footnote 14
    
    See Footnote 14Enterprise-class (to be named)
    
    ship
    
    *
    
    TBA
    
    
    7,500
    
    
    
    40,000
    
    
    Angola
    
    BP
    
    See Footnote 15
    
    See Footnote 15
    
    See Footnote 15Discoverer Deep Seas
    
    ship
    
    *
    
    
    2001
    
    
    
    10,000
    
    
    
    35,000
    
    
    USGOM
    
    Chevron
    
    Jan-07
    
    Jan-08
    
    
    276,500
    
    
    
    240,500USGOM
    
    Chevron
    
    Jan-08
    
    Jan-09
    
    
    317,900
    
    
    
    276,500Feb-08
    
    14 days Shipyard or ProjectUSGOM
    
    Chevron
    
    Jan-09
    
    Jan-11
    
    
    485,000
    
    
    
    317,900Discoverer Enterprise
    
    ship
    
    *
    
    
    1999
    
    
    
    10,000
    
    
    
    35,000
    
    
    USGOM
    
    BP
    
    Dec-04
    
    Dec-07
    
    
    190,900
    
    
    
    198,600USGOM
    
    BP
    
    Dec-07
    
    Jan-11
    
    
    520,000
    
    
    
    190,900Jun-08
    
    60 days Shipyard or ProjectDiscoverer Spirit
    
    ship
    
    *
    
    
    2000
    
    
    
    10,000
    
    
    
    35,000
    
    
    USGOM
    
    Shell
    
    Mar-06
    
    Nov-07
    
    
    294,000
    
    
    
    204,000Dec-07
    
    20 days Shipyard or ProjectUSGOM
    
    Anadarko
    
    Dec-07
    
    Dec-10
    
    
    475,000
    
    
    
    294,000Deepwater Discovery
    
    ship
    
    *
    
    
    2000
    
    
    
    10,000
    
    
    
    30,000
    
    
    Nigeria
    
    Total
    
    Mar-07
    
    Aug-08
    
    
    364,000
    
    
    
    357,000Sep-08
    
    60 days Mob/ Contract PrepBrazil
    
    Devon
    
    Nov-08
    
    Nov-13
    
    
    425,000
    
    
    
    364,000Deepwater Frontier
    
    ship
    
    *
    
    
    1999
    
    
    
    10,000
    
    
    
    30,000
    
    
    India
    
    Reliance
    
    Aug-06
    
    Aug-08
    
    
    320,000
    
    
    
    145,000Aug-08
    
    15 days Shipyard or ProjectIndia
    
    Reliance
    
    Sep-08
    
    Sep-11
    
    
    477,000
    
    
    
    320,000Deepwater Millennium
    
    ship
    
    *
    
    
    1999
    
    
    
    10,000
    
    
    
    30,000
    
    
    USGOM
    
    Anadarko
    
    Jun-07
    
    Jun-10
    
    
    425,000
    
    
    
    301,700Deepwater Pathfinder
    
    ship
    
    *
    
    
    1998
    
    
    
    10,000
    
    
    
    30,000
    
    
    Nigeria
    
    Shell/Devon
    
    Apr-07
    
    Jul-07
    
    
    190,000
    
    
    
    395,000Nigeria
    
    Shell/Agip/Petrobras
    
    Jul-07
    
    Jun-09
    
    
    395,000
    
    
    
    190,000Dec-08
    
    35 days Shipyard or ProjectDeepwater Expedition
    
    ship
    
    *
    
    
    1999
    
    
    
    10,000
    
    
    
    30,000
    
    
    Egypt
    
    Shell
    
    Jan-07
    
    Dec-07
    
    
    240,000
    
    
    
    147,400Morocco
    
    Petronas
    
    Jan-08
    
    Feb-08
    
    
    320,000
    
    
    
    240,000Mar-08
    
    140 days Mob/ Contract PrepIndia
    
    Reliance
    
    Jul-08
    
    Aug-10
    
    
    375,000
    
    
    
    320,000Deepwater Horizon
    
    semi
    
    *
    
    
    2001
    
    
    
    10,000
    
    
    
    30,000
    
    
    USGOM
    
    BP
    
    Sep-05
    
    Sep-07
    
    
    277,500
    
    
    
    165,000Aug-07
    
    15 days Shipyard or ProjectUSGOM
    
    BP
    
    Sep-07
    
    Sep-10
    
    See Footnote 8
    
    
    277,500Cajun Express
    
    semi
    
    *
    
    
    2001
    
    
    
    8,500
    
    
    
    25,000
    
    
    USGOM
    
    Chevron
    
    Jul-05
    
    Aug-07
    
    
    216,400
    
    
    
    140,000USGOM
    
    Chevron
    
    Aug-07
    
    Feb-10
    
    
    460,000
    
    
    
    216,400May-08
    
    15 days Shipyard or Project




---



##### 



EstimatedYr.(1)
    
    
    
    
    
    
    
    
    
    
    
    
    
    Current
    
    Expiration
    
    Current
    
    PreviousFloater
    
    
    
    Entered
    
    Water
    
    Drilling
    
    
    
    
    
    Contract
    
    /Out of
    
    Contract
    
    ContractRig Type/Name
    
    Type
    
    
    
    Service
    
    Depth
    
    Depth
    
    Location
    
    Client
    
    Start/Idle Date
    
    Service(2)
    
    Dayrate(3)
    
    Dayrate(3)(Feet)
    
    (Feet)
    
    
    
    
    
    
    
    
    
    (Dollars)
    
    (Dollars)Deepwater Nautilus
    
    semi
    
    
    
    
    2000
    
    
    
    8,000
    
    
    
    30,000
    
    
    USGOM
    
    Shell
    
    Dec-06
    
    Dec-08
    
    
    425,000
    
    
    
    220,000Dec-08
    
    20 days Shipyard or ProjectSedco Energy
    
    semi
    
    *
    
    
    2001
    
    
    
    7,500
    
    
    
    25,000
    
    
    Nigeria
    
    Chevron
    
    Jan-06
    
    Jan-08
    
    
    202,000
    
    
    
    175,000TBA
    
    TBA
    
    Jan-08
    
    Jan-11
    
    
    485,000
    
    
    
    202,000Jun-08
    
    30 days Shipyard or ProjectSedco Express(6)
    
    semi
    
    *
    
    
    2001
    
    
    
    7,500
    
    
    
    25,000
    
    
    Angola
    
    BP
    
    Jun-05
    
    Jul-09
    
    
    169,500
    
    
    
    125,000Jun-08
    
    30 days Shipyard or ProjectOther Deepwater (16)Deepwater Navigator
    
    ship
    
    *
    
    
    2000
    
    
    
    7,200
    
    
    
    25,000
    
    
    Brazil
    
    Petrobras
    
    Mar-07
    
    Apr-11
    
    
    180,000
    
    
    
    300,000Discoverer 534
    
    ship
    
    *
    
    
    1975/1991
    
    
    
    7,000
    
    
    
    25,000
    
    
    
    
    
    
    Sep-06
    
    330 days Mob/ Contract PrepPakistan
    
    Shell
    
    Aug-07
    
    Aug-07
    
    
    245,000
    
    
    
    245,000Sep-07
    
    25 days Mob/ Contract PrepIndia
    
    Reliance
    
    Oct-07
    
    Apr-10
    
    
    250,000
    
    
    
    245,000Discoverer Seven Seas
    
    ship
    
    *
    
    
    1976/1997
    
    
    
    7,000
    
    
    
    25,000
    
    
    India
    
    ONGC
    
    Feb-04
    
    Oct-07
    
    
    125,000
    
    
    
    125,000Nov-07
    
    100 days Shipyard or ProjectIndia
    
    ONGC
    
    Feb-08
    
    Mar-11
    
    
    315,800
    
    
    
    125,000Transocean Marianas
    
    semi
    
    
    
    
    1998
    
    
    
    7,000
    
    
    
    25,000
    
    
    USGOM
    
    BP
    
    Jan-07
    
    Jan-10
    
    
    435,000
    
    
    
    250,800Oct-08
    
    21 days Shipyard or ProjectSedco 707
    
    semi
    
    *
    
    
    1976/1997
    
    
    
    6,500
    
    
    
    25,000
    
    
    Brazil
    
    Petrobras
    
    Dec-05
    
    Jan-10
    
    
    180,000
    
    
    
    100,000Sedco 702
    
    semi
    
    *
    
    
    
    
    
    
    6,500
    
    
    
    
    
    
    Singapore
    
    
    
    Apr-06
    
    550 days Shipyard or ProjectTBA
    
    Shell
    
    Oct-07
    
    Sep-10
    
    
    350,000
    
    
    
    N/AJack Bates
    
    semi
    
    
    
    
    1986/1997
    
    
    
    5,400
    
    
    
    30,000
    
    
    Australia
    
    Woodside
    
    Jun-07
    
    Feb-08
    
    
    475,000
    
    
    
    475,000Mar-08
    
    35 days Mob/ Contract PrepChina
    
    PetroChina
    
    Apr-08
    
    Jun-08
    
    
    475,000
    
    
    
    475,000Jul-08
    
    35 days Mob/ Contract PrepAustralia
    
    Woodside
    
    Aug-08
    
    Nov-09
    
    
    475,000
    
    
    
    475,000Peregrine I(6)
    
    ship
    
    *
    
    
    1982/1996
    
    
    
    5,280
    
    
    
    25,000
    
    
    Brazil
    
    Petrobras
    
    Jan-06
    
    Feb-09
    
    
    112,000
    
    
    
    70,000Jun-08
    
    30 days Shipyard or ProjectSedco 709
    
    semi
    
    *
    
    
    1977/1999
    
    
    
    5,000
    
    
    
    25,000
    
    
    Nigeria
    
    Shell
    
    Oct-06
    
    Oct-08
    
    
    205,000
    
    
    
    205,000Oct-08
    
    45 days Shipyard or ProjectM.G. Hulme, Jr.
    
    semi
    
    
    
    
    1983/1996
    
    
    
    5,000
    
    
    
    25,000
    
    
    
    
    
    
    Jul-07
    
    45 days Shipyard or ProjectNigeria
    
    Eni
    
    Aug-07
    
    Sep-09
    
    
    430,000
    
    
    
    175,000Transocean Richardson
    
    semi
    
    
    
    
    1988
    
    
    
    5,000
    
    
    
    25,000
    
    
    Angola
    
    Total
    
    Jun-06
    
    Jul-07
    
    
    355,000
    
    
    
    85,000TBA
    
    Chevron
    
    Aug-07
    
    Sep-10
    
    
    450,000
    
    
    
    355,000Mar-08
    
    60 days Shipyard or ProjectJim Cunningham
    
    semi
    
    
    
    
    1982/1995
    
    
    
    4,600
    
    
    
    25,000
    
    
    Angola
    
    ExxonMobil
    
    Apr-07
    
    May-09
    
    
    350,000
    
    
    
    300,000Sedco 710(6)
    
    semi
    
    *
    
    
    1983
    
    
    
    4,500
    
    
    
    25,000
    
    
    Brazil
    
    Petrobras
    
    Oct-06
    
    Nov-10
    
    
    120,000
    
    
    
    109,500Jan-08
    
    85 days Shipyard or ProjectTransocean Rather(9)
    
    semi
    
    
    
    
    1988
    
    
    
    4,500
    
    
    
    25,000
    
    
    UKNS
    
    Chevron
    
    Oct-06
    
    Oct-07
    
    
    300,000
    
    
    
    190,000Oct-07
    
    14 days Shipyard or ProjectUKNS
    
    BP
    
    Nov-07
    
    Feb-09
    
    
    250,000
    
    
    
    300,000Mar-08
    
    40 days Shipyard or Project




---



##### 



EstimatedYr.(1)
    
    
    
    
    
    
    
    
    
    
    
    
    
    Current
    
    Expiration
    
    Current
    
    PreviousFloater
    
    
    
    Entered
    
    Water
    
    Drilling
    
    
    
    
    
    Contract
    
    /Out of
    
    Contract
    
    ContractRig Type/Name
    
    Type
    
    
    
    Service
    
    Depth
    
    Depth
    
    Location
    
    Client
    
    Start/Idle Date
    
    Service(2)
    
    Dayrate(3)
    
    Dayrate(3)(Feet)
    
    (Feet)
    
    
    
    
    
    
    
    
    
    (Dollars)
    
    (Dollars)UKNS
    
    BP
    
    Feb-09
    
    Nov-09
    
    
    432,000
    
    
    
    250,000TransoceanLeader(7)(9)
    
    semi
    
    
    
    
    1987/1997
    
    
    
    4,500
    
    
    
    25,000
    
    
    NNS
    
    Statoil
    
    Jan-07
    
    Aug-07
    
    
    276,500
    
    
    
    248,300Sep-07
    
    45 days Shipyard or ProjectNNS
    
    Statoil
    
    Oct-07
    
    Jan-08
    
    
    246,500
    
    
    
    276,500NNS
    
    Statoil
    
    Jan-08
    
    Jul-09
    
    
    340,000
    
    
    
    246,500Sovereign Explorer
    
    semi
    
    
    
    
    1984
    
    
    
    4,500
    
    
    
    25,000
    
    
    Venezuela
    
    Statoil
    
    Jun-07
    
    Sep-07
    
    
    65,000
    
    
    
    65,000Trinidad
    
    BG
    
    Sep-07
    
    Dec-07
    
    
    65,000
    
    
    
    65,000Dec-07
    
    90 days Shipyard or ProjectBrazil
    
    Repsol
    
    Mar-08
    
    Feb-10
    
    
    380,000
    
    
    
    65,000Other High Specification (4)Henry Goodrich
    
    semi
    
    
    
    
    1985
    
    
    
    2,000
    
    
    
    30,000
    
    
    USGOM
    
    Hydro
    
    Jun-07
    
    Jun-09
    
    
    350,000
    
    
    
    173,100Aug-07
    
    72 days Mob/ Contract PrepPaul B. Loyd, Jr.(9)
    
    semi
    
    
    
    
    1987
    
    
    
    2,000
    
    
    
    25,000
    
    
    UKNS
    
    BP
    
    Mar-07
    
    Jun-09
    
    
    322,400
    
    
    
    145,200Transocean Arctic(9)
    
    semi
    
    
    
    
    1986
    
    
    
    1,650
    
    
    
    25,000
    
    
    NNS
    
    Statoil
    
    Jan-07
    
    Jul-11
    
    
    261,100
    
    
    
    195,400Feb-08
    
    30 days Shipyard or ProjectPolar Pioneer(9)
    
    semi
    
    
    
    
    1985
    
    
    
    1,500
    
    
    
    25,000
    
    
    NNS
    
    Statoil
    
    Aug-06
    
    Jan-10
    
    
    281,100
    
    
    
    180,700Jul-08
    
    30 days Shipyard or ProjectOther Floaters (20)Sedco 700
    
    semi
    
    
    
    
    1973/1997
    
    
    
    3,600
    
    
    
    25,000
    
    
    E. Guinea
    
    A. Hess
    
    Jan-07
    
    Feb-08
    
    
    362,600
    
    
    
    200,000Jun-07
    
    40 days Shipyard or ProjectTransocean Legend
    
    semi
    
    
    
    
    1983
    
    
    
    3,500
    
    
    
    25,000
    
    
    Sakhalin Is.
    
    BP
    
    Jun-07
    
    Dec-07
    
    
    120,000
    
    
    
    435,000Nov-07
    
    40 days Shipyard or
ProjectSakhalin Is.
    
    BP
    
    Feb-08
    
    Feb-09
    
    
    405,000
    
    
    
    120,000Transocean Amirante
    
    semi
    
    
    
    
    1978/1997
    
    
    
    3,500
    
    
    
    25,000
    
    
    USGOM
    
    Remington
    
    Apr-07
    
    Aug-07
    
    
    135,000
    
    
    
    102,000USGOM
    
    Repsol
    
    Aug-07
    
    Oct-07
    
    
    325,000
    
    
    
    135,000Oct-07
    
    75 days Shipyard or
ProjectUSGOM
    
    Eni
    
    Jan-08
    
    Nov-10
    
    
    350,000
    
    
    
    325,000C. Kirk Rhein, Jr.
    
    semi
    
    
    
    
    1976/1997
    
    
    
    3,300
    
    
    
    25,000
    
    
    India
    
    Reliance
    
    Feb-07
    
    Mar-09
    
    
    340,000
    
    
    
    N/ATransocean Driller(6)
    
    semi
    
    
    
    
    1991
    
    
    
    3,000
    
    
    
    25,000
    
    
    Brazil
    
    Petrobras
    
    Aug-06
    
    Aug-10
    
    
    110,000
    
    
    
    53,000Feb-08
    
    25 days Shipyard
or ProjectFalcon 100
    
    semi
    
    
    
    
    1974/1999
    
    
    
    2,400
    
    
    
    25,000
    
    
    USGOM
    
    Petrobras
    
    Jul-06
    
    Aug-07
    
    
    180,000
    
    
    
    145,000Sedco 703
    
    semi
    
    
    
    
    1973/1995
    
    
    
    2,000
    
    
    
    25,000
    
    
    Australia
    
    Apache
    
    Mar-07
    
    Aug-07
    
    
    400,000
    
    
    
    155,000Australia
    
    Woodside
    
    Aug-07
    
    Aug-08
    
    
    435,000
    
    
    
    400,000Sedco 711
    
    semi
    
    
    
    
    1982
    
    
    
    1,800
    
    
    
    25,000
    
    
    UKNS
    
    Shell
    
    Feb-06
    
    Dec-07
    
    
    150,000
    
    
    
    50,000UKNS
    
    Shell
    
    Dec-07
    
    Mar-09
    
    
    283,000
    
    
    
    150,000Feb-08
    
    35 Days Shipyard or
ProjectTransocean John Shaw
    
    semi
    
    
    
    
    1982
    
    
    
    1,800
    
    
    
    25,000
    
    
    UKNS
    
    Nexen
    
    Jan-06
    
    Oct-07
    
    
    100,500
    
    
    
    115,000UKNS
    
    Total
    
    Nov-07
    
    Feb-08
    
    
    380,000
    
    
    
    100,500Mar-08
    
    30 Days Shipyard or
Project




---



##### 



Transocean Inc. (NYSE: RIG) Fleet Update
 Revisions to Last Months Fleet Status Report Noted in Bold  *
 EstimatedYr.(1)
    
    
    
    
    
    
    
    
    
    
    
    
    
    Current
    
    Expiration
    
    Current
    
    PreviousFloater
    
    
    
    Entered
    
    Water
    
    Drilling
    
    
    
    
    
    Contract
    
    /Out of
    
    Contract
    
    ContractRig Type/Name
    
    Type
    
    
    
    Service
    
    Depth
    
    Depth
    
    Location
    
    Client
    
    Start/Idle Date
    
    Service(2)
    
    Dayrate(3)
    
    Dayrate(3)(Feet)
    
    (Feet)
    
    
    
    
    
    
    
    
    
    (Dollars)
    
    (Dollars)Sedco 712(9)
    
    semi
    
    
    
    
    1983
    
    
    
    1,600
    
    
    
    25,000
    
    
    UKNS
    
    Oilexco
    
    Mar-07
    
    Mar-08
    
    
    228,500
    
    
    
    150,000UKNS
    
    Oilexco
    
    Mar-08
    
    Jun-10
    
    
    340,000
    
    
    
    228,500Nov-08
    
    40 days Shipyard or
ProjectSedco 714(9)
    
    semi
    
    
    
    
    1983/1997
    
    
    
    1,600
    
    
    
    25,000
    
    
    UKNS
    
    Total
    
    Jun-07
    
    Aug-07
    
    
    350,000
    
    
    
    200,100UKNS
    
    Total
    
    Sep-07
    
    Dec-07
    
    
    300,000
    
    
    
    350,000UKNS
    
    Total
    
    Jan-08
    
    Apr-08
    
    
    250,900
    
    
    
    300,000UKNS
    
    Total
    
    Apr-08
    
    Feb-09
    
    
    350,000
    
    
    
    250,900Actinia
    
    semi
    
    
    
    
    1982
    
    
    
    1,500
    
    
    
    25,000
    
    
    India
    
    Reliance
    
    Sep-06
    
    Jul-09
    
    
    190,000
    
    
    
    54,000Oct-07
    
    30 days Shipyard or
ProjectSedco 601
    
    semi
    
    
    
    
    1983
    
    
    
    1,500
    
    
    
    25,000
    
    
    Malaysia
    
    Nippon Oil
    
    May-07
    
    Jul-07
    
    
    330,000
    
    
    
    406,000Sedneth 701
    
    semi
    
    
    
    
    1972/1993
    
    
    
    1,500
    
    
    
    25,000
    
    
    Angola
    
    Chevron
    
    Jun-07
    
    Feb-10
    
    
    360,000
    
    
    
    90,000Transocean Winner(9)
    
    semi
    
    
    
    
    1983
    
    
    
    1,500
    
    
    
    25,000
    
    
    NNS
    
    Hydro
    
    Aug-06
    
    Oct-09
    
    
    357,400
    
    
    
    120,000Transocean Searcher(9)
    
    semi
    
    
    
    
    1983/1988
    
    
    
    1,500
    
    
    
    25,000
    
    
    NNS
    
    Statoil
    
    Oct-06
    
    Jan-09
    
    
    335,500
    
    
    
    137,500Apr-08
    
    45 days Shipyard or
ProjectNNS
    
    Statoil
    
    Jan-09
    
    Mar-12
    
    
    390,000
    
    
    
    335,500Transocean Prospect(9)
    
    semi
    
    
    
    
    1983/1992
    
    
    
    1,500
    
    
    
    25,000
    
    
    UKNS
    
    CNR
    
    Sep-06
    
    Oct-08
    
    
    201,200
    
    
    
    98,000Nov-08
    
    30 days Shipyard or ProjectJ.W. McLean
    
    semi
    
    
    
    
    1974/1996
    
    
    
    1,250
    
    
    
    25,000
    
    
    UKNS
    
    Shell
    
    Jul-07
    
    Sep-08
    
    
    250,000
    
    
    
    140,000Sep-08
    
    30 days Shipyard or
ProjectSedco 704(9)
    
    semi
    
    
    
    
    1974/1993
    
    
    
    1,000
    
    
    
    25,000
    
    
    UKNS
    
    BG
    
    Sep-06
    
    Jul-07
    
    
    175,900
    
    
    
    92,100Jul-07
    
    60 Days Shipyard or projectUKNS
    
    BP
    
    Sep-07
    
    Nov-08
    
    
    312,200
    
    
    
    175,900Sedco 706 (to be upgraded)(10)
    
    semi
    
    
    
    
    1976/1994
    
    
    
    1,000
    
    
    
    25,000
    
    
    UKNS
    
    Total
    
    Nov-06
    
    Jul-07
    
    
    75,000
    
    
    
    78,000semi
    
    *
    
    
    
    
    
    
    6,500
    
    
    
    
    
    
    
    
    
    
    Aug-07
    
    108 days Mob/Contract
PrepNov-07
    
    319 days Shipyard
or ProjectSep-08
    
    79 days Mob/ Contract PrepBrazil
    
    Chevron
    
    Nov-08
    
    Dec-11
    
    
    361,000
    
    
    
    N/AJackups (25)Interocean III
    
    
    
    
    
    
    1978/1993
    
    
    
    300
    
    
    
    25,000
    
    
    Egypt
    
    Devon
    
    Jul-06
    
    Jul-07
    
    
    65,000
    
    
    
    52,000Egypt
    
    Agiba
    
    Jul-07
    
    Jun-08(16)
    
    
    119,000
    
    
    
    65,000Shelf Explorer
    
    
    
    
    
    
    1982
    
    
    
    300
    
    
    
    20,000
    
    
    Malaysia
    
    CTOC
    
    Oct-06
    
    Sep-07
    
    
    212,200
    
    
    
    120,000Jul-07
    
    14 days Shipyard or ProjectOct-07
    
    15 days Mob/ Contract PrepTransocean Comet
    
    
    
    
    
    
    1980
    
    
    
    250
    
    
    
    20,000
    
    
    Egypt
    
    GUPCO
    
    Oct-05
    
    Oct-07
    
    
    61,500
    
    
    
    32,000Transocean Mercury
    
    
    
    
    
    
    1969/1998
    
    
    
    250
    
    
    
    20,000
    
    
    Egypt
    
    Petrobel
    
    Feb-06
    
    Feb-08
    
    
    58,000
    
    
    
    50,000Transocean Nordic
    
    
    
    
    
    
    1984
    
    
    
    300
    
    
    
    25,000
    
    
    India
    
    ONGC
    
    Mar-05
    
    Dec-07
    
    
    74,200
    
    
    
    57,800Dec-07
    
    100 days Shipyard or ProjectTrident II
    
    
    
    
    
    
    1977/1985
    
    
    
    300
    
    
    
    25,000
    
    
    India
    
    ONGC
    
    Apr-07
    
    Apr-10
    
    
    147,500
    
    
    
    60,000Trident IV
    
    
    
    
    
    
    1980/1999
    
    
    
    300
    
    
    
    25,000
    
    
    Nigeria
    
    Chevron
    
    Feb-06
    
    Feb-08
    
    
    90,000
    
    
    
    120,000Trident VI
    
    
    
    
    
    
    1981
    
    
    
    220
    
    
    
    21,000
    
    
    Vietnam
    
    PetroVietnam
    
    Apr-07
    
    May-08
    
    
    193,100
    
    
    
    142,100Trident VIII
    
    
    
    
    
    
    1981
    
    
    
    300
    
    
    
    21,000
    
    
    Nigeria
    
    Conoil
    
    Apr-06
    
    May-08
    
    
    66,000
    
    
    
    55,500




---



##### 



EstimatedYr.(1)
    
    
    
    
    
    
    
    
    
    
    
    
    
    Current
    
    Expiration
    
    Current
    
    PreviousFloater
    
    
    
    Entered
    
    Water
    
    Drilling
    
    
    
    
    
    Contract
    
    /Out of
    
    Contract
    
    ContractRig Type/Name
    
    Type
    
    
    
    Service
    
    Depth
    
    Depth
    
    Location
    
    Client
    
    Start/Idle Date
    
    Service(2)
    
    Dayrate(3)
    
    Dayrate(3)(Feet)
    
    (Feet)
    
    
    
    
    
    
    
    
    
    (Dollars)
    
    (Dollars)Trident IX
    
    
    
    
    
    
    1982
    
    
    
    400
    
    
    
    20,000
    
    
    Vietnam
    
    JVPC
    
    Aug-06
    
    Aug-07
    
    
    189,500
    
    
    
    77,100Vietnam
    
    JVPC
    
    Aug-07
    
    Aug-08
    
    
    210,000
    
    
    
    189,500Trident XII
    
    
    
    
    
    
    1982/1992
    
    
    
    300
    
    
    
    25,000
    
    
    India
    
    ONGC
    
    Jan-07
    
    Feb-10
    
    
    147,500
    
    
    
    62,250Trident XIV
    
    
    
    
    
    
    1982/1994
    
    
    
    300
    
    
    
    20,000
    
    
    Cabinda
    
    Chevron
    
    Jun-06
    
    Feb-09
    
    
    98,000
    
    
    
    61,000Jan-07
    
    250 days Shipyard or ProjectTrident 15
    
    
    
    
    
    
    1982
    
    
    
    300
    
    
    
    25,000
    
    
    Thailand
    
    Chevron
    
    Feb-06
    
    Oct-11
    
    100,000(11)
    
    
    59,750May-07
    
    170 days Shipyard or ProjectTrident 16
    
    
    
    
    
    
    1982
    
    
    
    300
    
    
    
    25,000
    
    
    Thailand
    
    Chevron
    
    Dec-05
    
    Oct-07
    
    
    95,000
    
    
    
    69,000Oct-07
    
    15 days Shipyard or ProjectTrident 17
    
    
    
    
    
    
    1983
    
    
    
    355
    
    
    
    25,000
    
    
    Malaysia
    
    Carigali
    
    May-07
    
    May-10
    
    
    185,000
    
    
    
    130,000Trident 20
    
    
    
    
    
    
    2000
    
    
    
    350
    
    
    
    25,000
    
    
    Caspian
    
    Petronas Carigali
    
    Jan-06
    
    Jan-10
    
    
    130,000
    
    
    
    90,000Jun-07
    
    14 days Shipyard or ProjectNov-07
    
    14 daysShipyard or ProjectFeb-08
    
    14 daysShipyard or ProjectRon Tappmeyer
    
    
    
    
    
    
    1978
    
    
    
    300
    
    
    
    25,000
    
    
    India
    
    ONGC
    
    Feb-07
    
    Feb-10
    
    
    147,500
    
    
    
    62,250Randolph Yost
    
    
    
    
    
    
    1979
    
    
    
    300
    
    
    
    25,000
    
    
    India
    
    ONGC
    
    Mar-07
    
    Mar-10
    
    
    147,500
    
    
    
    60,750D.R. Stewart
    
    
    
    
    
    
    1980
    
    
    
    300
    
    
    
    25,000
    
    
    Italy
    
    Eni
    
    Apr-07
    
    Apr-10
    
    
    168,000
    
    
    
    57,000G.H. Galloway
    
    
    
    
    
    
    1984
    
    
    
    300
    
    
    
    25,000
    
    
    Italy
    
    Eni
    
    Aug-06
    
    Aug-08
    
    
    115,000
    
    
    
    54,000Harvey H. Ward
    
    
    
    
    
    
    1981
    
    
    
    300
    
    
    
    25,000
    
    
    Malaysia
    
    Talisman
    
    Mar-07
    
    Aug-08
    
    
    110,000
    
    
    
    115,800Roger W. Mowell
    
    
    
    
    
    
    1982
    
    
    
    300
    
    
    
    25,000
    
    
    Malaysia
    
    Talisman
    
    Nov-06
    
    Dec-08
    
    
    110,000
    
    
    
    48,200J.T. Angel
    
    
    
    
    
    
    1982
    
    
    
    300
    
    
    
    25,000
    
    
    India
    
    ONGC
    
    Mar-07
    
    Apr-10
    
    
    147,500
    
    
    
    105,000Nov-08
    
    15 days Shipyard or ProjectF.G. McClintock
    
    
    
    
    
    
    1975
    
    
    
    300
    
    
    
    25,000
    
    
    India
    
    ONGC
    
    Jan-05
    
    Feb-08
    
    
    50,000
    
    
    
    50,000C.E. Thornton
    
    
    
    
    
    
    1974
    
    
    
    300
    
    
    
    25,000
    
    
    India
    
    ONGC
    
    May-06
    
    Mar-08
    
    
    45,000
    
    
    
    45,000Non-U.S. Drilling Barges (2)Searex 4
    
    
    
    
    
    
    1981/1989
    
    
    
    21
    
    
    
    25,000
    
    
    Indonesia
    
    Total
    
    Sep-04
    
    Sep-09
    
    
    39,200
    
    
    
    N/AHibiscus(4)
    
    
    
    
    
    
    1979/1993
    
    
    
    25
    
    
    
    16,000
    
    
    Indonesia
    
    Total
    
    Mar-07
    
    Sep-07
    
    
    74,000
    
    
    
    47,700Sep-07
    
    14 days Shipyard or ProjectOther (2)Joides Resolution(5)
    
    ship
    
    *
    
    
    1978
    
    
    
    27,000
    
    
    
    30,000
    
    
    Singapore
    
    
    
    Oct-06
    
    380 Days Shipyard or Project
    
    
    34,900Worldwide
    
    TAMRF
    
    Jan-08
    
    Sep-13
    
    
    62,000Sedco 135D
    
    
    
    
    
    
    1966/77/01
    
    
    
    600
    
    
    
    
    
    
    Brazil
    
    SLB
    
    Jun-01
    
    Jun-09
    
    
    28,500
    
    
    
    N/AFixed-Price OptionsHigh Specification FloatersUltra-Deepwater (1)Sedco Express
    
    semi
    
    
    
    
    2001
    
    
    
    7,500
    
    
    
    25,000
    
    
    Angola
    
    BP
    
    Jul-09
    
    Jul-10
    
    
    169,500
    
    
    
    169,500Other Deepwater (3)




---



##### 



EstimatedYr.(1)
    
    
    
    
    
    
    
    
    
    
    
    
    
    Current
    
    Expiration
    
    Current
    
    PreviousFloater
    
    
    
    Entered
    
    Water
    
    Drilling
    
    
    
    
    
    Contract
    
    /Out of
    
    Contract
    
    ContractRig Type/Name
    
    Type
    
    
    
    Service
    
    Depth
    
    Depth
    
    Location
    
    Client
    
    Start/Idle Date
    
    Service(2)
    
    Dayrate(3)
    
    Dayrate(3)(Feet)
    
    (Feet)
    
    
    
    
    
    
    
    
    
    (Dollars)
    
    (Dollars)Discoverer 534
    
    ship
    
    *
    
    
    1975/1991
    
    
    
    7,000
    
    
    
    25,000
    
    
    India
    
    Reliance
    
    May-10
    
    Oct-10
    
    
    250,000
    
    
    
    250,000Sedco 709
    
    semi
    
    *
    
    
    1977/1999
    
    
    
    5,000
    
    
    
    25,000
    
    
    Nigeria
    
    Shell
    
    Nov-08
    
    Nov-09
    
    
    205,000
    
    
    
    205,000Other High Specification (1)Henry Goodrich
    
    semi
    
    
    
    
    1985
    
    
    
    2,000
    
    
    
    30,000
    
    
    USGOM
    
    Hydro
    
    May-07
    
    Jun-10
    
    
    350,000
    
    
    
    350,000Other Floaters (1)Transocean Searcher
    
    semi
    
    
    
    
    1983/1988
    
    
    
    1,500
    
    
    
    25,000
    
    
    NNS
    
    Statoil
    
    Mar-12
    
    Sep-12
    
    
    390,000
    
    
    
    390,000Held for Sale (1)Searex 6
    
    
    
    
    
    
    1981/1991
    
    
    
    25
    
    
    
    25,000
    
    
    Cameroon
    
    
    
    Jul-02
    
    Idle
    
    
    
    
    
    
    27,500Additional 2008 Estimated Potential Out of Service Time By Rig ClassSee Out of Service Days (Shipyards, Mobilizations, etc.) on the cover page for a full description.
 Ultra-Deepwater
    
    Other Deepwater
    
    Other High Spec
    
    Other Floater 
Jackup 
Other
    
    60 Days
610 Days
50 Days
 
 Footnotes:(1)
    
    Dates shown are the original service date and the date of the most recent upgrade, if any.(2)
    
    Expiration dates represent the companys current estimate of the earliest date the contract
for each rig is likely to expire. Some rigs have two contracts in continuation, so the second
line shows the estimated earliest availability. Many contracts permit the client to extend the
contract. The out of service time represents those days in 2007 and, for certain expected out
of service time events, 2008 where the company anticipates that a rig will be out of service
and not be available to earn an operating dayrate for a period of 14 days or longer. Please
refer to the Out of Service Days (Shipyards, Mobilizations, Etc.) section of the Cover Page
for a full description.(3)
    
    Represents the full operating dayrate, although the average dayrate over the term of the
contract will be lower and could be substantially lower. Does not reflect incentive programs
which are typically based on the rigs operating performance against a performance curve.
Please refer to the Client Contract Duration and Dayrates and Risks Associated with
Operations section of the Cover Page for a description of dayrates.(4)
    
    Owned by a joint venture in which the company has a 75% interest.(5)
    
    Operated under a management contract with the rigs owner. The rig is currently engaged in
scientific geological coring activities and is owned by a joint venture in which a subsidiary
of the company has a 50% interest. Dayrate indicated reflects 100% of contract rate.(6)
    
    Current contract provides for a bonus incentive opportunity not reflected in the stated
current contract dayrate.(7)
    
    Dayrate reflects a base level to be paid over the estimated 450-day contract period. The rig
will receive a dayrate higher than the stated base level when utilized in a water depth of
greater than 2,000 feet.(8)
    
    Dayrate for contract period September 2007 through September 2010 to be set using a quarterly
average of the stated contract dayrates on the companys other Ultra-Deepwater, dynamically
positioned rigs operating in the U.S. Gulf of Mexico.(9)
    
    Reflects contracted dayrate which could change due to foreign exchange adjustments.(10)
    
    Chevron has the right to convert the contract to five years at a dayrate of $300,000.(11)
    
    Dayrate subject to annual adjustment based on market dayrates within specified parameters.(12)
    
    We have been awarded a 5-year drilling contract by Chevron for the construction of an
enhanced Enterprise-class drillship to be named the Discoverer Clear Leader. Operations are
expected to commence during the second quarter of 2009, after an estimated 30-month shipyard
construction phase, followed by sea trials, mobilization to the U.S. Gulf of Mexico and
customer acceptance. The contract commencement date is contingent on vendor performance and
other factors. During the first three years of the contract, the contract dayrate is $472,300.
The dayrate for the last two years of the contract are linked to the standard West Texas
Intermediate crude oil price with a floor of $40 per barrel resulting in a contract dayrate of
$400,000 and a ceiling of $70 per barrel resulting in a contract dayrate of $500,000.(13)
    
    We have been awarded a 4-year drilling contract by Hydro for the construction of an enhanced
Enterprise-class drillship to be named the Discoverer Americas. Operations are expected to
commence by mid-2009, after shipyard construction, followed by sea trials, mobilization to the
U.S. Gulf of Mexico and customer acceptance. The contract commencement date is contingent on
vendor performance and other factors.




---



##### 



(14)
    
    We have been awarded a contract by Chevron for the construction of an enhanced
Enterprise-class drillship to be named the Discoverer Inspiration. The contract has an
initial term of five years, but can be converted at the customers election by September 2007
to a three-year duration. Operations are expected to commence during the first quarter of
2010, after shipyard construction, followed by sea trials, mobilization to the U.S. Gulf of
Mexico and customer acceptance. The contract commencement date is contingent on vendor
performance and other factors. The dayrate to be paid on a five-year contract period is
$472,300, or $556,200 should the contract be converted to a three-year term.(15)
    
    We have been awarded a drilling contract by BP for the construction of an enhanced
Enterprise-class drillship. The contract has an initial term of five years, but can be
converted at the customers election by the end of March 2008 to a seven-year duration.
Operations are expected to commence during the third quarter of 2010, after shipyard
construction, followed by sea trials, mobilization to Angola and customer acceptance. The
contract commencement date is contingent on vendor performance and other factors. The dayrate
to be paid on a five-year contract period is $460,000, or $430,000 should the contract be
converted to a seven-year term.(16)
    
    The contract has an initial term of one year, but can be converted 18 months with a dayrate
of $117,000 at the customers election.