Transocean Scoops $123M Drillship Deal in India

Wednesday, September 4, 2024

Offshore drilling contractor Transocean has secured a $123 million contract with Reliance Industries for Dhirubhai Deepwater KG1 ultra-deepwater drillship.

Transocean and Reliance Industries signed a binding letter of award for the Dhirubhai Deepwater KG1 for six wells offshore India.

The estimated 300-day program is expected to begin in the second quarter of 2026 and is estimated to contribute approximately $123 million in backlog, excluding additional services and a mobilization fee.

The award also includes multiple options. If all options are exercised, the rig would remain in India through the end of 2029, according to Transocean.

The Dhirubhai Deepwater KG1 drillship, built by Samsung Heavy Industries in 2009, is capable of operating in water depths of up to 12,000 ft (3657.6 m) with a maximum drilling depth of 35,000 ft (10668 m).

Categories: Industry News Activity Asia Drillships Oil and Gas

Related Stories

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

CNOOC Brings Online Another Oil and Gas Project in South China Sea

EnQuest Enters Indonesia with Operatorship PSCs for Two Exploration Blocks

PXGEO Nets First Seismic Survey off Malaysia

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

China Starts Production at Major Oil Field in Bohai Sea

Current News

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

DOF Secures Moorings Hook-Up Job in Asia Pacific

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

Floating Offshore Wind Test Center Planned for Japan

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

PTTEP Hires McDermott for Deepwater Subsea Job off Malaysia

TotalEnergies Inks 10-Year LNG Supply Deal with South Korea’s KOGAS

Japan Picks Wood Mackenzie to Assess Trump-Backed Alaska LNG Scheme

PTTEP Greenlights $320M Offshore CCS Project at Arthit Gas Field in Thailand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com