Norsk Hydro Exercises Option for Troll Well

The partners in the Troll Oil field have exercised the option to drill one well prior to the Barents Sea program with the Eirik Raude for this program.

If drilling of this well should be in conflict with the drilling window for the Barents Sea program, Ocean Rig will not have an obligation to drill the well.

The value of the contract is US $4.5 million and expected duration is 21 days.