Ocean Rig UDW Inc. ( NASDAQ : ORIG ), a global provider of offshore deepwater drilling services, today announced that it has received a Letter of Intent for one of its semi-submersible drilling rigs, "Eirik Raude," from an oil major. The Letter of Intent is for a one-well program, with an estimated duration of up to 6 months, for drilling offshore Ireland, with an estimated backlog of approximately $112 million, including mobilization and demobilization. The rig is scheduled to commence this contract in the first quarter of 2013, in direct continuation from its previous contract in West Africa.
About Ocean Rig
Ocean Rig is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and production drilling, and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company owns and operates 9 offshore ultra deepwater drilling units, comprising of 2 ultra deepwater semisubmersible drilling rigs and 7 ultra deepwater drillships, 3 of which remain to be delivered to the company during 2013.
Visit the Company's website at www.ocean-rig.com.
Recommended Reading
Targa to Proceed with Permian Basin Apex Pipeline After All
2024-05-02 - Targa Resources expects to take a final investment decision for the Apex pipeline out of the Permian Basin before the end of the year.
Sage Geosystems Advances Commercial-scale Energy Storage Facility
2024-05-02 - The 3-megawatt facility in Texas is expected to become the world’s first commercial geopressured geothermal system when it’s commissioned in December.
Analyst Questions Kimmeridge’s Character, Ben Dell Responds
2024-05-02 - The analyst said that “they don’t seem to be particularly good actors.” Ben Dell, Kimmeridge Energy Partners managing partner, told Hart Energy that “our reputation is unparalleled.”
Marketed: Delta Minerals Non-producing Sale in Colorado
2024-05-02 - Delta Minerals LLC has retained EnergyNet for the sale of non-producing minerals in Bent, Cheyenne and Kiowa counties, Colorado.
Phillips 66 Weighs Divestments, Targets Renewable Fuel Increase
2024-05-02 - Phillips 66 looks to boost renewable fuels production by 67% through the end of the second quarter 2024 at its Rodeo complex in San Francisco while weighing a potential divestiture of its retail marketing businesses in Austria and Germany.