Ocean Rig announces fleet update
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services , announced the following fleet update: The Ocean Rig Olympia has successfully started its new contract in Angola as of August 15, 2015. The rig is expected to move to the Ivory Coast for one well in the fourth quarter of 2015 and return to Angola to complete its remaining contract until June 2016.
Currently, there are no prospects for further employment and if no employment is found the rig will be cold stacked and the respective SPS will be postponed. The Ocean Rig Skyros has successfully started its new six year contr act in Angola as of October 1, 2015. The Eirik Raude is currently completing its third well in a six - well program in the Falklands and is now expected to remain employed in the Falkland Islands into January of 2016. Currently, there are no further prospects of employment for the rig in the Falkland Islands and if no employment is found the rig will be cold stacked and the Company will consider all its options including disposing or scrapping the unit.
The Leiv Eiriksson is in the process of completing its current well in Norway. As of the date of this press release, there is no further program for the unit under its current contract which is expected to expire in March 2016. Currently, there are few further prospects of employment for the rig and if no employment is found the rig will be cold stacked and the Company will consider all its options including disposing or scrapping the unit.
About Ocean Rig UDW Inc.
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 ultradeepwater and harsh - environment segment of the offshore drilling industry. The Company owns and operates 13 offshore ultra deepwater drilling units, comprising of 2 ultra deepwater semisubmersible drilling rigs and 11 ultra deepwater drillships , 1 of which is scheduled to be delivered to the Company during 2017, 1 of which is scheduled to be delivered during 2018 and 1 of which is scheduled to be delivered during 2019.
