Ocean Rig's Newbuilds Closer To Delivery

According to ABB Offshore Systems AS (ABB), Ocean Rig's first rig, Leiv Eriksson, was 98.2% complete as of January 21, 2001. Friede Goldman Halter estimates that the rig will leave the yard for seatrials in the beginning of March. ABB estimates final delivery of the rig during April.

For the Company's second rig Eirik Raude, ABB states that the rig was 85.1% complete as of January 21, 2001. Friede Goldman Halter estimates that the rig will leave the yard for seatrials during the second quarter of 2001.

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