Transocean ltd. announces $123 million ultra-deepwater drillship contract

Steinhausen, switzerland, sept. 04, 2024 (globe newswire) -- transocean ltd. (nyse: rig) (“transocean”) today announced that reliance industries limited awarded a binding letter of award for the dhirubhai deepwater kg1 for six wells offshore india. the estimated 300-day program is expected to commence 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.
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