Statement of Transocean Ltd. CEO Steven L. Newman Following U.S. Coast Guard Announcement
ZUG, SWITZERLAND, Apr 23, 2010 (MARKETWIRE via COMTEX) --Following the suspension of U.S. Coast Guard search-and-rescue efforts to find 11 missing persons in the U.S. Gulf of Mexico, Steven L. Newman, President and Chief Executive Officer of Transocean Ltd. (NYSE: RIG) (SIX: RIGN), on the ground in New Orleans, expressed his deepest sympathies on behalf of the company to the family members of those lost. The nine Transocean personnel and two employees of a third-party company have been missing since Tuesday, April 20, 2010, when a fire and explosion occurred onboard the semisubmersible drilling rig Deepwater Horizon, which sank on Thursday.
"As the nation and everyone in the Transocean family mourns the tragic loss of these people, our deepest sympathies are with their families and friends today," said Mr. Newman. "Transocean is doing everything we can to meet their needs during this difficult time, and our family response team members are in close contact to provide all necessary support. I would once again like to express our gratitude to the U.S. Coast Guard, BP and everyone involved for their exhaustive search and rescue efforts, despite this very sad outcome."
Transocean is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 139 mobile offshore drilling units plus three ultra-deepwater units under construction, the company's fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. Its worldwide fleet is more than twice the size of the next-largest competitor. The company owns or operates a contract drilling fleet of 45 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 26 Midwater Floaters, 10 High-Specification Jackups, 55 Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide.
For more information about Transocean, please visit our website at www.deepwater.com.
SOURCE: Transocean Ltd.