Leiv Eriksson Commences Shell Contract

Ocean Rig reports that the Leiv Eiriksson has completed the Total contract and commenced the Shell contract. After transit and upgrades the rig will commence exploration drilling in the Irish, Norwegian and UK sector. The contract is for a two-year term with a day rate of US $465,000. The day rate is subject to an annual revision based on cost escalation.

Ocean Rig owns and operates two of the world's largest and most modern drilling rigs, built for ultra deep waters and extreme weather conditions. Eirik Raude is currently operating in the US Gulf of Mexico while Leiv Eiriksson is in transit to Las Palmas to upgrade for North Sea operations.

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