Transocean Ltd. Announces $111 Million Ultra-Deepwater Drillship Contract

Steinhausen, Switzerland - December 17, 2024

Transocean Ltd. (NYSE: RIG) ("Transocean") today announced that a four-well option was exercised for the Dhirubhai Deepwater KG1 with Reliance Industries Limited in India.

The estimated 270-day program is expected to commence in direct continuation of the rig’s firm term with Reliance and contribute approximately $111 million in backlog, excluding additional services.

About Transocean
Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.

The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world.

Transocean owns or has partial ownership interests in and operates a fleet of 34 mobile offshore drilling units, consisting of 26 ultra-deepwater floaters and eight harsh environment floaters.

Transocean Ltd. press release