Transocean secures $111M ultradeepwater drillship contract

Dec. 17, 2024
Transocean reported that a four-well option was exercised for the Dhirubhai Deepwater KG1 ultradeepwater drillship with Reliance Industries Ltd. in India. 

Transocean reported that a four-well option was exercised for the Dhirubhai Deepwater KG1 ultradeepwater drillship with Reliance Industries Ltd. in India. 

The estimated 270-day program is expected to begin in direct continuation of the rig’s firm term with Reliance and contribute about $111 million in backlog, excluding additional services.