Ocean Rig Signs Contract For Eirik Raude - InvestingChannel

Ocean Rig Signs Contract For Eirik Raude

Offshore drilling contractor Ocean Rig UDW Inc. (ORIG: Quote) said Monday it has signed definitive documentation for one of its semi-submersible drilling rigs, the Eirik Raude, with an oil major.

The drilling contract is for a one-well program, with an estimated duration of up to 6 months, for drilling offshore Ireland, with an estimated backlog of about $112 million, including mobilization and demobilization. The rig is scheduled to commence this contract in the second quarter of 2013, in direct continuation from its previous contract in West Africa.

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by RTT Staff Writer

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