Ocean Rig deepwater offshore drillships get status update

Offshore staff

NICOSIA, Cyprus -- Ocean Rig has provided an update on its deepwater drilling construction and contracts schedule.

Late last month, the company signed terms for a $1.35-billion loan facility to part-finance costs of the newbuild drillships Ocean Rig Mylos, Ocean Rig Skyros, and Ocean Rig Athena. These are scheduled for delivery this year in July, October, and November.

Also in February, the company received a letter of award valued at $680 million from a major oil company for a three-year drilling contract off West Africa. This will probably be handled by the new drillship Ocean Rig Apollo, scheduled for delivery in January 2015.

The program should start not long afterwards, and the client has four extension options of up to six-months each.

The semisub Eirik Raude has started a $112-million contract for ExxonMobil Exploration and Production Ireland (Offshore), which will involve drilling one well on the deepwater Dunquin structure off southwest Ireland. The program could last up to six months.

Thereafter, the rig will transfer to West Africa to start a firm four-well program for Lukoil off Sierra Leone, valued at $217 million.


Related Articles

DNV GL adds fire and explosion area to hazard test center

Sep 4, 2015

DNV GL is building a new conference center and large-scale fire and explosion demonstration area at its hazard testing and research center in Cumbria, UK.

Union strike looms for Brazil petroleum operations

Sep 3, 2015 Brazil’s main oil workers union is considering an open-ended strike in September if a 24-hour walkout scheduled for midnight Thursday fails to stop moves to shrink state-run oil company Petrobras.&...

Industry hit with further job cuts

Sep 2, 2015

ConocoPhillips, Aker Solutions, and ION Geophysical have each confirmed significant work force reductions in the midst of continued market downturn.  

European Commission approves Shell, BG Group merger

Sep 2, 2015

The European Commission has approved unconditional clearance for the combination of Royal Dutch Shell and BG Group.

CGG moves to more centralized management

Sep 2, 2015

CGG is working to transform to adapt to what it calls the new environment and market conditions. 

Trending News

Offshore photo of the day

UH launches program to promote energy intelligence

Oct 12, 2015

Hoping to empower the public by starting a larger conversation about energy, the University of Houston has launched the UH Energy Fellows program, a group of 10 experts from a variety of disciplines.

First subsea wet gas compressor starts up at Gullfaks offshore Norway

Oct 12, 2015

Statoil and partners Petoro and OMV have brought onstream the world’s first subsea wet gas compression on the seafloor of the Gullfaks field in the North Sea.

Fugro inspecting Black Sea gas pipeline system

Oct 12, 2015

Blue Stream Pipeline Co. B.V. has contracted Fugro to provide survey support vessels and survey services.

Lundin gets approval for exploration well in Barents Sea license 708

Oct 12, 2015

Norway’s Petroleum Safety Authority has approved Lundin Norway’s plans to drill exploration well 7130/4 in Barents Sea production license 708.

Digital Magazine
Look Inside
Current Issue
Click to view the Offshore Learning Center

Oil & Gas Jobs

Search More Job Listings >>