Reliance Industries has awarded a binding Letter of Award to Transocean 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.（2024-09-06）