The Dhirubhai Deepwater KG1 is the first of two ultra-deepwater newbuild drillships owned by a joint venture company with Pacific Drilling Limited and intended to commence operations in 2009 and 2010. The second ultra-deepwater newbuild drillship Dhirubhai Deepwater KG2 is also contracted and is scheduled to commence operations in 2010.

The drillship has a variable deckload of about 20,000 metric tons, is equipped to work in water depths of up to 10,000 feet and is outfitted to construct wells up to 35,000 feet deep.