Ocean Rig Receives 6-Well LOI for Leiv Eiriksson

Ocean Rig has signed a Letter of Intent with a major oil company for use of the Leiv Eiriksson on a six well firm contract, to commence in direct continuation from the completion of its current contract with ExxonMobil. In addition the oil company has a one-year option to use the rig. The firm work will take place offshore Angola and possibly offshore Congo.

The six well program will have an expected duration of eight months, with a corresponding estimated contract value of US $68 million. The option expires on September 1, 2005. Until such time, Ocean Rig can continue to market the rig for alternative opportunities. The one-year option, if exercised, would have an additional estimated contract value of US $136 million.

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.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
Frac Supervisor - TX, ND, WY & OK
Expertise: WellSite Supervisor
Location: El Reno, 
United States Bossier City: Service Supervisor I - Frac/Acid
Expertise: Field Service Tech|WellSite Supervisor
Location: Bossier City, LA
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours