Ocean Rig Names Mullen As CEO

Ocean Rig has appointed David Mullen as new CEO. David Mullen comes from the position as Senior Vice President of Transocean Inc. with responsibility for all world wide marketing, corporate strategy and M&A activities. Prior to this position he was Vice President of the North & South America business unit for Transocean, with responsibility for directing operations and strategic direction of business operations.

Between 2001 and 2004 David Mullen was president of Schlumberger Oilfield Services, North & South America. Based in Sugar Land, Texas, he was responsible for strategic direction of business operations in the United States, Canada, Mexico, the Caribbean and Central and South America.

Prior to this, David Mullen served as vice president of Human Resources for Transocean Sedco Forex, Inc. Earlier positions he has held include director of personnel for Geco-Prakla, managing director of Schlumberger (Nigeria) Ltd., district manager for Eastern Venezuela, Wireline & Testing, and several other field assignments. He began his career with Schlumberger in 1983.

David Mullen holds a degree in geology from Trinity College, Dublin, and a master's degree in geophysics from the University College of Galway, Ireland. He will start his new position on May 1, 2008.

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. The units are currently operating in the US Gulf of Mexico and in the North Sea.