Ocean Rig UDW Inc. Announces Drilling Contract for the Eirik Raude
News Release
Ocean Rig UDW Inc. (Corporate Head Office)
January 24, 2012
Nicosia, Cyprus – January 23, 2012 – Ocean Rig UDW Inc. (NASDAQ:ORIG) (the
“Company” or “Ocean Rig”), a global provider of offshore deepwater drilling
services, today announced that it has signed a new drilling contract for its semisubmersible
drilling rig “Eirik Raude” with an independent operator, for work
offshore West Africa. The maximum total revenue backlog, to complete the 3 well
program is estimated at $52 million for a period of 60 days. The new contract will
commence in direct continuation after the completion of the existing Eirik Raude
contract. The operator has an option to drill one additional well for an estimated
duration of 20 days.
“Company” or “Ocean Rig”), a global provider of offshore deepwater drilling
services, today announced that it has signed a new drilling contract for its semisubmersible
drilling rig “Eirik Raude” with an independent operator, for work
offshore West Africa. The maximum total revenue backlog, to complete the 3 well
program is estimated at $52 million for a period of 60 days. The new contract will
commence in direct continuation after the completion of the existing Eirik Raude
contract. The operator has an option to drill one additional well for an estimated
duration of 20 days.