Transocean Ltd. Announces $222 Million Ultra-Deepwater Drillship Contract

Source: 8/30/2023, Location: Asia

Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that Oil and Natural Gas Corporation Ltd awarded the Dhirubhai Deepwater KG1 a binding Notification of Award for work offshore India. The 21-month program is expected to commence in the first quarter of 2024 and will contribute an estimated $222 million in backlog, excluding a mobilization fee of $5 million.

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