Transocean Ltd. (NYSE: RIG) (SIX: RIGN) said Monday that its ultra-deepwater drillship [I]Dhirubhai Deepwater KG2[/I] has set what it believes to be a world record for the deepest water depth by an offshore drilling rig of 10,194 feet of water. The depth was achieved while working for Reliance Industries offshore India. The rig, which is owned by a joint venture with Quantum Pacific Group, surpassed Transocean’s prior record of 10,011 feet of water, set in 2003 by the [I]Discoverer Deep Seas [/I]working for Chevron in the U.S. Gulf of Mexico.
The dynamically positioned [I]Dhirubhai Deepwater KG2[/I] was placed into service approximately one year ago in India under a five-year drilling contract. The vessel is equipped to work in water depths of up to 12,000 feet and outfitted to construct wells up to 35,000 feet deep.