Transocean Signs $300M Contract for Ultra-Deepwater Drillship

Transocean signs $300M contract for ultra-deepwater drillship

Transocean has announced a two-year binding letter of award for the Dhirubhai Deepwater KG2 drillship with the Oil and Natural Gas Corporation, India’s largest government-owned oil and gas explorer an...

Transocean wins $300 million ONGC drillship contract offshore India

Transocean has secured a two-year binding award with ONGC for the Dhirubhai Deepwater KG2 in India, adding approximately $300 million in contract value with options that could extend the drillship’s campaign into early 2031.

Transocean to rake in $300m from recent drillship deal

New York-listed offshore driller Transocean has revealed the details of its recently awarded drillship contract with India’s Oil and Natural Gas Corporation (ONGC). ONGC revealed earlier this week that it hired the 2010-built ultra-deepwater drillship, Dhirubhai Deepwater KG2, for work offshore India. This was the second ultra-deepwater drillship the company has hired following the $261m deal …

Transocean's Dhirubhai Deepwater KG2 lands India work

Transocean secured a two-year binding letter of award for its ultra-deepwater drillship Dhirubhai Deepwater KG2 from India’s Oil and Natural Gas Corporation (ONGC). The program is set to begin in Q1 2027 and is estimated to contribute approximately $300 million in contract value, including additional services and mobilization fees. The award includes two years of … The post Transocean’s Dhirubhai Deepwater KG2 lands India work appeared first on …