Financial Ports

$300m drillship deal hands Transocean lifeline after Brazil exit

CLAVE 1 / 4Transocean lands $300m contract with India’s ONGC for ultra-deepwater drillship Dhirubhai Deepwater KG2.

CLAVE 2 / 4The 2010-built drillship has been idle since May after ending a long-term deal with Petrobras in Brazil.

CLAVE 3 / 4Contract includes two years of priced options, potentially extending work in India into early 2031.

CLAVE 4 / 4Mobilisation begins in the next three to four months, with campaign set to commence in Q1 2027.

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