New Wave Media

January 14, 2013

Ocean Rig Announces Contract Signing

Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, has announced  that it has signed definitive documentation, following the previously announced Letter of Intent, for one of its semi-submersible drilling rigs, the Eirik Raude, with an oil major.

 

The drilling contract 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 second quarter of 2013, in direct continuation from its previous contract in West Africa.

offshore deepwater drilling servicesIrelandWest Africa