Ocean Rig Corcovado Accepted by Petrobras

(Press Release)
Wednesday, May 16, 2012

Ocean Rig UDW Inc. (NASDAQ: ORIG) a global provider of offshore deepwater drilling services, announced that on May 15, 2012, the Ocean Rig Corcovado completed the general testing of equipment as required by Petroleo Brazilieiro S.A., and has commenced revenue-generating drilling operations in Brazil.

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