Transocean wins $222m drillship contract in India

Switzerland-headquartered Transocean has secured work from India’s Oil and Natural Gas Corporation (ONGC) for its ultra-deepwater drillship
Dhirubhai Deepwater KG1.

The New York-listed operator of 37 rigs has fixed the 2009-built unit for a 21-month campaign starting in the first quarter of 2024.

The rig is currently operating for Reliance Industries on a dayrate of $169,500, which will increase to $330,000 next month until November.

The new deal is estimated to add $222m to Transocean’s backlog, excluding a mobilisation fee of $5m.

Leave A Reply

Your email address will not be published. Required fields are marked *