The Switzerland-headquartered and New York-listed offshore contract drilling services provider for oil and gas wells, Transocean, has announced a two-year binding Letter of Award for the Dhirubhai Deepwater KG2 with Oil and Natural Gas Corporation Ltd. (ONGC) in India.
The campaign is expected to commence in the first quarter of 2027 and contribute approximately $300m in contract value, inclusive of additional services and mobilization fees.
Transocean said the contract includes two years of priced options that, if fully exercised, would result in the drillship working in India into early 2031.
