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Transocean wins $222m drillship contract in India

Switzerland-headquartered Transocean has secured work from India’s Oil and Natural Gas Corporation (ONGC) for its ultra-deepwater drillship Dhirubhai Deepwater KG1.

The New York-listed operator of 37 rigs has fixed the 2009-built unit for a 21-month campaign starting in the first quarter of 2024.

The rig is currently operating for Reliance Industries on a dayrate of $169,500, which will increase to $330,000 next month until November.

The new deal is estimated to add $222m to Transocean’s backlog, excluding a mobilisation fee of $5m.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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