By OGJ editors
HOUSTON, Feb. 13 -- India's Oil & Natural Gas Corp. Ltd. (ONGC) has awarded five 3-year contracts to Transocean Inc. for jack ups to drill off India.
Three of the contracts—for the Ron Tappmeyer, Randolph Yost, and Trident XII jack ups already under contract to ONGC—will begin when those contracts expire in November.
An existing ONGC contract for the Trident II jack up will expire in May, when the jack up will undergo maintenance for 120 days then begin service under the new contract.
The fifth contract, for the J.T. Angel jack up currently operating off Indonesia, is expected to begin following completion of a contract with EMP Kangean Ltd. this month, an estimated 100 days out of service for maintenance, and a 6-month project in Indonesia.
Revenue from the contracts is expected to total about $805 million, Transocean said.
