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.