UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (date of earliest event reported): July 26, 2024 (
(Exact name of Registrant as specified in its charter)
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Explanatory Note
This Form 8-K/A is being filed by Transocean Ltd. (the “Company”) to amend Item 7.01 of the Current Report on Form 8-K filed by the Company on July 24, 2024 (the “Original Form 8-K”), solely to correct certain information reported by the Company on July 24, 2024, including in the Company’s Fleet Status Report dated July 24, 2024 (the “FSR”), each as described below. All other information reported by the Company on July 24, 2024, including in the FSR, remains unchanged.
The Company’s previously reported backlog of approximately $8.8 billion as of July 24, 2024, was based upon a backlog of $8.754 that was incorrect due to an administrative error. The Company’s correct total backlog as of July 24, 2024, is approximately $8.641 billion. Additionally, the FSR reflected (i) an incorrect dayrate for the Transocean Spitsbergen of $431,000 for segments Nov-23 to Jan-25 and Mar-25 to Jul-25, (ii) incorrect Estimated Average Contract Dayrates for our Ultra-Deepwater Floaters for Q1 2025 of $431,000 and for Q2 2025 of $430,000, and (iii) incorrect historical Estimated Start Dates for the current contract segments for the Transocean Enabler and Transocean Encourage. The correct dayrate for the Transocean Spitsbergen for the segments referenced above is $341,000, and the correct Estimated Average Contract Dayrates for our Ultra-Deepwater Floaters for Q1 2025 and Q2 2025 are $432,000 and $436,000, respectively. The correct Estimated Start Dates for the current segments for each of the Transocean Enabler and Transocean Encourage is July 2024.
Item 7.01Regulation FD Disclosure.
The Company’s corrected Fleet Status Report is a replacement of the FSR furnished on the Original Form 8-K. The foregoing information and the corrected Fleet Status Report attached as Exhibit 99.1 to this amendment to Current Report on Form 8-K/A are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. | Description | |
99.1 | ||
101 | Interactive data files pursuant to Rule 405 of Regulation S-T formatted in Inline Extensible Business Reporting Language | |
104 | Cover Page Interactive Data File (formatted as inline XBRL). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRANSOCEAN LTD. | ||
Date: July 26, 2024 | By: | /s/ Daniel Ro-Trock |
Daniel Ro-Trock | ||
Authorized Person | ||