Transocean LTD. at UBS Global Oil and Gas Conference Transcript

10 page (6206 word) report published May 27, 2010
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Abstract: Final Transcript of RIG presentation, 27-May-10 9:25am CT

Brief Excerpt: ...Angie Sedita - UBS - Analyst (Audio already in progress) -- we certainly appreciate them being here with us today. Presenting today is Terry Bonno who is Vice President of Marketing at Transocean. Prior to this position she was Director of Marketing in North and South America and she brings 26 years of industry experience including 17 years at Global Marine and nine years with Transocean. Very pleased to have Terry here. I'll turn it over to her. Terry Bonno - Transocean Ltd. - VP, Marketing Thank you, Angie. Well thank you, everyone. I'm certainly delighted to be here today and I thank you for having interest in Transocean. I think with the recent incident as everyone knows about that we've gone through; I think that we are all forever changed in this industry. And I know that certainly in my many travels in 26 years in the industry, whenever I travel I have to always explain to the stranger who asks me what I do for a living, it's a long dissertation and they just don't understand. Well,...

Report Type: Transcript
Source: Thomson StreetEvents
Company: Transocean LTD.
Ticker: RIG
Time: 9:25am CT
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Angie Sedita - UBS - Analyst: Great. With that we'll open it up for questions and maybe I'll kick it off with the first question. (inaudible) experience and ask your opinion on how you think things have changed in the Gulf of Mexico following the accident -- regulation, safety and how you believe (inaudible) going forward?

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Question: Angie Sedita - UBS - Analyst: (inaudible) mentioned on the conference call that customer response has been very overwhelming in a positive way. Can you give us insight into what you're hearing from your customers today or how are they looking differently at their businesses, their projects, how they're looking differently at Transocean or (inaudible)?

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Question: Angie Sedita - UBS - Analyst: And then one more before I (inaudible) six months?

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Question: Angie Sedita - UBS - Analyst: Can you talk a little bit about the markets and (inaudible) jackup market, but the Ultra-Deepwater market has been a little bit slow, deep water even more slow. Eventually the Ultra-Deepwater market will start to pick up longer-term --. ¬2010 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Question: Angie Sedita - UBS - Analyst: Can you talk about your expectation for rates here in 2010 (inaudible) maybe mid, maybe late 2011 or maybe into 2012 (inaudible)?

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Question: Angie Sedita - UBS - Analyst: In other words, no change in your customer demand (inaudible) globally because of the incident, that demand will stay in place exactly as (inaudible)?

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing

Answer By: Terry Bonno - Transocean Ltd. - VP, Marketing


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