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

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

Turkey Discovers New Black Sea Gas Reserve

Indonesia Grants Approval to Kuwaiti Firm for Anambas Block in Natuna Sea

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

EnQuest Bags Two Production Sharing Contracts off Indonesia

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Petrovietnam, Petronas Extend PSC for Offshore Block

Sapura Energy Scoops Close to $9M for O&M Work off Malaysia

Current News

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Three Dead in Chevron's Angolan Oil Patform Fire

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Fire Contained at Vietnamese Oil Platform Undergoing Decommissioning (Video)

Velesto’s Jack-Up Rig Set for Drilling Job off Indonesia

Petronas, Inpex Secure Oil and Gas Exploration Rights off Indonesia

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