Transocean’s $123 million deepwater drillship will begin operations in the second quarter of 2026. (Source: Shutterstock)
Transocean’s Dhirubhai Deepwater KGI drillship has been contracted for six wells offshore India by Reliance Industries Ltd., Transocean announced Sept. 4.
The estimated 300-day program will 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 contract award also includes multiple options that if exercised, the rig will continue in India through the end of 2029.
Recommended Reading
Exxon Seeks Permit for its Eighth Oil, Gas Project in Guyana as Output Rises
2025-02-12 - A consortium led by Exxon Mobil has requested environmental permits from Guyana for its eighth project, the first that will generate gas not linked to oil production.
US Drillers Cut Oil, Gas Rigs for First Time in Six Weeks
2025-01-10 - The oil and gas rig count fell by five to 584 in the week to Jan. 10, the lowest since November.
US Oil and Gas Rig Count Rises to Highest Since June, Says Baker Hughes
2025-02-21 - Despite this week's rig increase, Baker Hughes said the total count was still down 34, or 5% below this time last year.
US Drillers Cut Oil, Gas Rigs to Lowest Since December 2021, Baker Hughes Says
2025-01-17 - The oil and gas rig count fell by four to 580 in the week to Jan. 17.
Baker Hughes: US Drillers Add Oil, Gas Rigs for Third Week in a Row
2025-02-14 - U.S. energy firms added oil and natural gas rigs for a third week in a row for the first time since December 2023.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.