Ocean Rig UDW Inc. is an international offshore drilling contractor operating solely in the ultra-deep water and harsh-environment segments of the offshore drilling industry. The company owns and operates a total of 9 ultra-deep water offshore drilling units including two 5th generation ultra-deep water semi-submersible drilling rigs, four 6th generation ultra-deep water drill-ships, and three 7th generation ultra-deep water drill-ships which will be delivered to the company and made operational during 2013.|
Ocean Rig's common stock is listed on the NASDAQ Global Select Market where it trades under the symbol "ORIG."
ExxonMobil Pens Ocean Rig Semisub for Dunquin Drilling
Thursday, September 13, 2012 Providence has now received formal notification from ExxonMobil that a letter of intent has been signed with Ocean Rig for the semisub Eirik Raude.
Ocean Rig Preps Drillship for Petrobras Ops
Thursday, May 17, 2012 The Ocean Rig Corcovado has completed the general testing of equipment required by Petrobras, according to Ocean Rig UDW Inc.
Ocean Rig UDW Drillship Secures Total Rig Gig
Friday, May 11, 2012 Ocean Rig UDW Inc. has signed definitive documentation, following the previously announced Letter of Award for its Ocean Rig Olympia (UDW drillship) with Total E&P Angola.
Ocean Rig Books UDW Drillship
Monday, April 09, 2012 Ocean Rig UDW Inc. has received a Letter of Award for its Ocean Rig Olympia (UDW drillship) from a major oil company.
African Petroleum Pens Drilling Contract with Ocean Rig
Thursday, March 22, 2012 African Petroleum Corp. has signed a contract with Ocean Rig UDW to continue its drilling program in Blocks 8 & 9, Liberia West Africa, and within the Company's other West Africa blocks.
Ocean Rig Pens Norwegian Gig for Semisub
Monday, February 06, 2012 Ocean Rig UDW Inc. has signed a new drilling contract for its drilling rig Leiv Eiriksson with a consortium coordinated by Rig Management Norway for drilling on the Norwegian Continental Shelf.
Petrobras Cancels Tender to Buy 21 Offshore Rigs
Thursday, December 22, 2011 Petrobras cancels a much-delayed tender to buy 21 offshore drill rigs, and will instead open direct negotiations with two suppliers.
Ocean Rig Secures Additional Well Contracts for Semisub
Wednesday, October 12, 2011 Ocean Rig has entered into drilling contracts for three additional wells offshore West Africa for the semisubmersible rig Eirik Raude.
Analysis: Angola Rises As West Africa's Production Leader
Friday, October 16, 2009 The strength of West Africa's offshore developments, particularly in Nigeria and Angola, is propelling the region to grow faster than any other in the energy industry.
Petrobras Seeks 2 Siem PSVs to Operate in Turkish Black Sea
Monday, September 28, 2009 Siem Offshore and Petrobras have entered into a Letter of Intent for two of its mid-sized PSVs, which will operate in the Turkish sector of the Black Sea.
DryShips Closes Acquisition of Eirik Raude, Leiv Eiriksson Semisubs
Thursday, July 16, 2009 DryShips has closed the acquisition of the remaining 25% of the total issued and outstanding capital stock of Primelead, whose principal assets include two owned and operational ultra deepwater semisubs.
DryShips Acquires the Remainder of Its Drilling Rig Unit
Thursday, July 09, 2009 DryShips entered into an agreement to acquire the remaining 25% of the total issued and outstanding capital stock of PrimeLead, whose principal assets include the Eirik Raude and the Leiv Eiriksson semisubs.
Shell Strikes Gas in Record Deepwater Depth on Norwegian Shelf
Friday, June 19, 2009 Shell has proven gas in the Gro prospect, which is in the greatest water depth of any discovery made on the Norwegian Shelf to date.
Brazil's Lula Sees Petrobras Furthering Investments Abroad
Thursday, May 21, 2009 Brazil's President Lula is pushing state-run Petrobras to make overseas investments as the company prepares to finalize an exploration deal in Turkey with TPAO.
Norske Shell to Conduct Exploration Drilling on Ormen Lange
Wednesday, May 13, 2009 Shell received consent to conduct exploration drilling on Ormen Lange with the Leiv Eriksson semisub.
Petrobras, Turkish Petroleum Sign Pact to Operate in Black Sea
Tuesday, May 05, 2009 Petrobras and TPAO signed a farm-out agreement for the Leiv Eiriksson drilling rig, which will operate in the Black Sea for a three-year period.
Ocean Rig Finalizes Contract with Petrobras for Leiv Eiriksson
Tuesday, April 14, 2009 Ocean Rig has signed a 3-year employment contract with Petrobras for exploration drilling in the Black Sea using the Leiv Eiriksson semisub.
Tullow Deepens Tweneboa Find, Discovers More Oil in Uganda's Block 2
Wednesday, March 25, 2009 Tullow announced that the deeper section of the Tweneboa-1 exploration well offshore Ghana and the Karuka-2 exploration well drilling the Vundu prospect in Block 2 Uganda have both encountered oil bearing sands.
Petrobras Taps Ocean Rig's Leiv Eiriksson for Black Sea Exploration
Thursday, March 19, 2009 Petrobras has contracted Ocean Rig's Leiv Eiriksson semisub for exploration drilling in the Black Sea for a term period of three years.
Seadrill Takes a Financial Hit from Contractor Investments
Monday, February 23, 2009 After identifying losses of $687 million from investments in offshore drilling contractors, Seadrill will in its fourth quarter 2008 income statement recognize a loss of $35 million.