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Transocean Bags $123M Ultra-Deepwater Drillship Contract From Reliance Industries Limited

Author: Benzinga Newsdesk | September 04, 2024 06:31am

Transocean Ltd. (NYSE:RIG) ("Transocean") today announced that Reliance Industries Limited awarded a binding Letter of Award for the Dhirubhai Deepwater KG1 for six wells offshore India. The estimated 300-day program is expected to commence in the second quarter of 2026 and is estimated to contribute approximately $123 million in backlog, excluding additional services and a mobilization fee. The award also includes multiple options. If all options are exercised, the rig would remain in India through the end of 2029.
 

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