Transocean Ltd. (RIG) September 12, 2012 10:00 am ET Executives R. Thaddeus Vayda - Vice President of Investor Relations & Communications Steven L. Newman - Chief Executive Officer, President, Director and Member of Executive Risk Management Committee Gregory L. Cauthen - Interim Chief Financial Officer and Executive Vice President Terry B. Bonno - Senior Vice President of Marketing Analysts Ian Macpherson - Simmons & Company International, Research Division Matt Conlan Michael W. Urban - Deutsche Bank AG, Research Division David C. Smith - Johnson Rice & Company, L.L.C., Research Division Justin Sander - RBC Capital Markets, LLC, Research Division Kurt Hallead - RBC Capital Markets, LLC, Research Division Truls Olsen - Fearnley Fonds ASA, Research Division Alan D. Laws - BMO Capital Markets U.S. Todd P. Scholl - Clarkson Capital Markets, Research Division PresentationOperator
Good day, everyone, and welcome to the Transocean Update Call. Today's call is being recorded. At this time, I would like to turn the conference over to Mr. Thad Vayda. Please go ahead, sir. R. Thaddeus Vayda Thank you, Rebecca. Good day, and thank you for joining us on this update call to discuss and respond to your questions regarding several recent events, including a sale of our standard jackup fleet to Shelf Drilling International, our disclosure of an opportunity to build 4 ultra-deepwater drillships to firm 10-year contracts and associated $1.5 billion public debt offering. Joining me on this morning's call are Steven Newman, Chief Executive Officer; Greg Cauthen, Executive Vice President and Chief Financial Officer; and Terry Bonno, Senior Vice President of Marketing.