Transocean has announced that Reliance Industries Ltd awarded a binding letter of award for the Dhirubhai Deepwater KG1 for six wells offshore India.
The estimated 300-day programme is expected to commence in the 2Q26 and is estimated to contribute approximately US$123 million in backlog, excluding additional services and a mobilisation fee.
The award also includes multiple options. If all options are exercised, the rig would remain in India through the end of 2029.