The $222 million ultra-deepwater drillship contract is for the Dhirubhai Deepwater KG1 offshore India. (Source: Shutterstock)
Oil and Natural Gas Corp. Ltd. awarded Transocean Ltd.’s Dhirubhai Deepwater KG1 a binding notification of award for work offshore India, Transocean announced in an Aug. 30 press release.
The deepwater drillship contract runs 21 months and is expected to begin in first-quarter 2024. It will contribute $222 million in backlog, excluding a mobilization fee of $5 million.
Transocean is an international provider of offshore contract drilling services for oil and gas wells. The company operates a fleet of 37 mobile offshore drilling units—28 ultra deepwater floaters and nine harsh environment floaters.
Recommended Reading
BP’s Kate Thomson Promoted to CFO, Joins Board
2024-02-05 - Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.