The Zug, Switzerland-based company said the drillship Dhirubhai Deepwater KG1, working for India's ONGC, beat a prior world record set by the same rig in February in 10,385 feet of water.

Last May Transocean signed a deal worth $432 million in shares to buy out the Dhirubhai Deepwater KG1 and sister unit Dhirubhai Deepwater KG2 from a 50-50 joint venture with Quantum Pacific Management.

The