Offshore drilling contract companies supplier Transocean stated it has secured a deal for the Dhirubhai Deepwater KG1 rig.
The corporate stated in its media launch that the Oil and Pure Gasoline Company (ONGC) awarded a binding Notification of Award for work offshore India.
In keeping with the corporate, this system has a time period of 21 months and is anticipated to start within the first quarter of 2024. The job contributes an estimated $222 million in backlog, excluding a mobilization price of $5 million, in keeping with the assertion.
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Dhirubhai Deepwater KG1 is a Samsung 12000 double hull sixth era DP Drillship, in-built 2009 by Samsung Heavy Industries. It will possibly operated in water depths as much as 12,000 ft (3,658 m) and has a most drilling depth of 35,000 ft (10,668 m).
The ultra-deepwater drilling rig is one in all 37 cell offshore drilling models that Transocean operates, owns or has partial possession curiosity in. The fleet consists of 28 ultra-deepwater floaters and 9 harsh atmosphere floaters. As well as, Transocean holds a non-controlling possession curiosity in an organization that’s developing one ultra-deepwater drillship.
The deal follows a current report of a web lack of $165 million for the three months ended June 30, 2023, for Transocean.
The corporate then additionally stated that its contract drilling revenues for the three months ended June 30, 2023, elevated sequentially by $80 million to $729 million, primarily resulting from elevated exercise for rigs that returned to work after being idle within the first quarter, the graduation of operations of the newbuild Deepwater Titan, and $19 million of revenues related to the early termination of Transocean Endurance and Transocean Barents, partially offset by lowered exercise for 2 rigs that had been idle within the second quarter of 2023.
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