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Analyst Contacts:    Diane Vento                News Release
+1 713-232-8015

Bradley Alexander
+1 713-232-7515

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


TRANSOCEAN PARTNERS LLC REPORTS SECOND QUARTER 2015 RESULTS

Revenues were $161 million, up from $140 million in the first quarter of 2015;
Operating and maintenance expenses were $60 million, compared with $58 million in the prior quarter;
Adjusted net income was $35 million, or $0.51 per unit, compared with $28 million, or $0.41 per unit in the previous quarter;
Net income attributable to controlling interest was $35 million, or $0.51 per unit, compared with a net loss attributable to controlling interest of $6 million, or $0.09 per unit, in the previous quarter;
The Annual Effective Tax Rate(1) was 5.8 percent, down sequentially from 6.4 percent;
Distributable cash flow attributable to controlling interest unitholders was $39 million, compared with $32 million in the first quarter of 2015;
A quarterly distribution of $0.3625 per unit has been declared;
Fleet revenue efficiency(2) was 103 percent, compared with 98 percent in the previous quarter; and
Fleet utilization(3) was 100 percent, compared with 93 percent in the first quarter of 2015.

ABERDEEN, SCOTLAND-August 6, 2015-Transocean Partners LLC (NYSE: RIGP) today reported net income attributable to controlling interest for the three months ended June 30, 2015 of $35 million, or $0.51 per unit.
For the three months ended June 30, 2014, Transocean Partners LLC Predecessor’s (“Predecessor”)(4) net income was $50 million.
Revenues for the three months ended June 30, 2015 increased $21 million sequentially to $161 million due to higher revenue efficiency on the entire fleet, and higher utilization and dayrates primarily on the Discoverer Inspiration.



The following information was filed by Transocean Partners Llc (RIGP) on Thursday, August 6, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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