Ocean Rig lands Falklands drilling contract for Eirik Raude

6/5/2014

Ocean Rig lands Falklands drilling contract for Eirik Raude

NICOSIA, Cyprus -- Ocean Rig UDW Inc., a provider of deepwater drilling services, has signed a drilling contract for one of its semi-submersible drilling rigs, the Eirik Raude.

The drilling contract is for a minimum six-well program, with an estimated duration of about 260 days, for drilling offshore the Falkland Islands, with an estimated backlog of approximately $165 million. The rig is scheduled to commence this contract in the first quarter of 2015.

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