Leiv Eiriksson to drill in Black Sea

Petrobras has awarded Ocean Rig a three-year contract for exploration drilling in the Black Sea using the semisubmersible rig Leiv Eiriksson.

Offshore staff

ATHENS, Greece -- Petrobras has awarded Ocean Rig a three-year contract for exploration drilling in the Black Sea using the semisubmersible rig Leiv Eiriksson.

The contract is expected to be a direct continuation from the current contract with Shell. The contract value is approximately $630 million, including an estimated 60 days of mobilization, disassembly, and reassembly of the derrick structure, and an incentive bonus of 8%.

04/14/2009

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