Saipem 10k drillship, image: Saipem
Deepwater driller Ocean Rig UDW Inc. (NASDAQ: ORIG) has announced the signing of a Letter of Award for its ultra deepwater newbuild drillship Ocean Rig Skyros for a six year contract with an undisclosed energy company offshore West Africa.
According to Ocean Rig, this contract adds $1.3 billion to their company’s current backlog.
This contract will commence immediately following a 5 well, 275 day minimum contract with Total E&P which was previously announced in June.
The Ocean Rig Skyros is expected to be delivered from Samsung Heavy Industries in October 2013.
As of today’s announcement, Ocean Rig’s total contracted backlog (including LOAs) stands at about $6.1 billion, primarily with investment grade or strong counterparties.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,939 members that receive our newsletter.
Have a news tip? Let us know.
The Department of the Interior has announced a new rule aiming to ensure that costs related to the decommissioning of offshore platforms are covered by the oil and gas industry,...
(Bloomberg) — For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil plays. The company’s...
Virginia-based energy company Dominion Energy has announced the launch of the first U.S.-built and Jones Act-compliant offshore wind turbine installation vessel, the Charybdis. A 472-foot vessel is being built at the...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,939 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
