Transocean Awarded $300 Million Contract for Ultra-Deepwater Drillship
August 21, 2026
Dhirubhai Deepwater KG1 (Credit: Transocean)
Transocean has announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 drillship with ONGC in India.
The campaign is expected to commence in the first quarter of 2027 and contribute approximately $300 million in contract value, inclusive of additional services and mobilization fees.
The contract includes two years of priced options that, if fully exercised, would result in the drillship working in India into early 2031.
