Ocean Rig Acquires an Ultra Deepwater Drillship for $65M

Ocean Rig UDW Inc., a global deepwater drilling contractor, reported Monday that one of its subsidiaries has acquired the 6th generation ultra deepwater drillship Cerrado in an auction for $65 million, with the purchase to be funded with available cash on hand.

The drillship, which will be renamed the Ocean Rig Paros (UDW drillship) upon its delivery to Ocean Rig, was built at Samsung Heavy Industries in 2011 to similar design specifications as the firm’s existing 6th generation drillships built at Samsung. The drillship acquisition is expected to close upon completion of the judicial auction procedure.

Another Ocean Rig subsidiary has acted as the manager of the drillship for its previous owners.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Zion Granted Approval to Drill Well On... (Dec 2)
 -  Production Drilling Begins at Mariner ... (Dec 2)
 -  Subsea 7 Secures Services Contract wit... (Dec 2)
 -  Eni: Oil Worker Dies Following Congo P... (Dec 2)
 -  FAR Refutes Claims that it cannot Farm... (Dec 1)


Most Popular Articles

From the Career Center
Jobs that may interest you
Pumping Unit Services Crew Chief (Odessa TX)
Expertise: Rig Manager
Location: Odessa, TX
 
Solids Control Techs and Equipment Operators, PA, WV, OH (US)
Expertise: Derrickman|Heavy Machinery Operator|Mud Engineer / Drilling Fluids
Location: Williamsport, PA
 
Expeditor
Expertise: Driller|Logistics Management|Materials Management
Location: Anchorage, AK
 
search for more jobs

Brent Crude Oil : $54.94/BBL 0.88%
Light Crude Oil : $51.79/BBL 0.21%
Natural Gas : $3.65/MMBtu 6.10%
Updated in last 24 hours