Transocean's CEO Presents At Credit Suisse Energy Summit - Conference Call Transcript

Transocean Ltd. (RIG)

Credit Suisse Energy Summit Conference Call

February 7, 2012 9:00 am ET

Executives

Steve Newman - President and CEO

Analysts

Presentation

Unidentified Analyst

We are very, very pleased to welcome Steve Newman of Transocean back to the stage here, President and CEO, Steve Newman. As I think you remember, no real introductions here on my part. I'm going to turn the microphone over for his comments and then we'll have some time for Q&A at the end of the session. So Steve and Thad, thank you very much for coming. I'll turn it over to you.

Steve Newman

Thanks, Brad. We're happy to be back at the Credit Suisse conference this year. Believe me when I tell you, I'm happy to be here. Yesterday was a bit of a grueling journey, I transcend it through London which was still dealing yesterday with a little bit of snow and right here at late last night in Wales, and it looks like Wales dealing just a little bit of snowing, fortunately so, hopefully you didn't come here to ski. You came here to hear us.

Standard forward-looking disclaimer, my lawyers tell me I have to say a few words to this slide and believe me with everything is going on in the company today, I listen to the lawyers a lot.

I'm going to make in the course of today's comments some forward-looking statements about our outlook for our business, the prospects for our company, capital reinvestments plans and financial results.

Our business entails a number of risks. Those risks are well explained in our most recent Form 10-K, another periodic filings with the SEC, if those risks materialize, it could have an impact on our business such that our actual results differ from our expectations.

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