$300m drillship deal hands Transocean lifeline after Brazil exit

Offshore drilling contractor Transocean has finalized a lucrative deal with India’s state-owned Oil and Natural Gas Corporation (ONGC), securing a contract worth approximately $300 million for its ultra-deepwater drillship, the Dhirubhai Deepwater KG2. The agreement, disclosed this week, marks a significant milestone for the New York-listed company as it expands its operations in the Indian offshore sector. The 2010-built drillship will begin its mobilization to India within the next three to four months, with drilling operations scheduled to commence in the first quarter of 2027. The contract includes two years…

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