Transocean Bags Deal for Actinia to Drill Offshore India for ONGC

Transocean Ltd. reported Thursday in its fleet update that the company has secured a three year contract with state-owned Oil and Natural Gas Corp. Ltd. (ONGC) for the Actinia (mid-water semisub) to work offshore India.

The semisub will commence work on the contract, with fetches a dayrate of $101,000, from May 2016 to June 2019. Atinia, which has been laid idle since August 2015, had previously worked for ONGC from June 2012 to July 2015.

Transocean also bagged a contract for the Deepwater Invictus (UDW drillship) to drill two wells offshore Trinidad for BHP Billiton between May and August at a dayrate of $350,000, while the firm's Dhirubhai Deepwater KG2 (UDW drillship) clinched a six month contract commencing in May.



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Jeff | Apr. 23, 2016
100k a day. Ouch.


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