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 February 9, 2016 - 4:18 PM EST
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Transocean Partners LLC Announces Combined Role of Chief Executive Officer, Chief Financial Officer

LONDON-February 9, 2016-Transocean Partners LLC (NYSE: RIGP) announced that Garry Taylor will step down as Chief Financial Officer of the company effective today. Kathleen S. McAllister, the company's current President and Chief Executive Officer, will assume the additional role of Chief Financial Officer effective immediately.

"Garry's dedication to excellence, industry knowledge and leadership were invaluable to Transocean Partners as we formed the company," said Kathleen McAllister, Transocean Partners' President, Chief Executive Officer and Chief Financial Officer. "I would like to extend my sincere thanks to Garry for his service to Transocean Partners and wish him great success going forward at Transocean."

About Transocean Partners

Transocean Partners is a growth-oriented limited liability company formed by Transocean Ltd. to own, operate and acquire modern, technologically advanced offshore drilling rigs. Headquartered in London, Transocean Partners' assets consist of 51 percent interests in subsidiary companies that own and operate three ultra-deepwater drilling rigs.

For more information about Transocean Partners, please visit:

Forward-Looking Statements

The statements described in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements contain words such as "possible," "intend," "will," "if," "expect" or other similar expressions. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, unit repurchases and the timing of the repurchases, the distribution and timing of distribution payments, the securities markets generally, the impact of adverse market conditions affecting the business of Transocean Partners, utilization, downtime and other aspects of Transocean Partners' drilling rigs, adverse changes in laws including with respect to tax and regulatory matters, changes in tax estimates, impairment of goodwill, asset impairments, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas, capital markets and other factors, including those and other factors discussed in  Transocean Partners' Annual Report on Form 10-K for the year ended December 31, 2014 and in Transocean Partners' other filings with the SEC, which are available free of charge on the SEC's website at:  Should one or more of these risks or uncertainties materialize (or the other consequences of such a development worsen), or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, Transocean Partners undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which Transocean Partners becomes aware of, after the date hereof, except as otherwise may be required by law.

Analyst Contacts:
Bradley Alexander
+1 713-232-7515

Diane Vento
+1 713-232-8015

Media Contact:
Pam Easton
+1 713-232-7647

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Transocean Partners LLC via Globenewswire


Source: Thomson Reuters ONE (February 9, 2016 - 4:18 PM EST)

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