Dryships Increased Backlog for Ocean Rig UDW

Press Release
Thursday, May 19, 2011

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced today that Ocean Rig UDW Inc., its majority owned subsidiary, has secured further backlog, as Borders & Southern plc have declared two optional wells under the existing drilling contract for the harsh environment drilling rig Leiv Eiriksson. The two optional wells have been assigned to Falkland Oil and Gas (FOGL) and provide an additional contract duration of approximately 90 days. The total contract value is now USD 126 million.

Mr. George Economou, Chairman and CEO of Ocean Rig UDW Inc., commented:
“We are pleased to announce the option declaration for the Leiv Eiriksson with Borders & Southern plc. The previously announced rig swap on this contract is a win-win solution for the customer and the Company as demonstrated by the declaration of the options. We continue to work on enhancing the backlog for Ocean Rig.”

 

Source: Dryship inc.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Migrant Boat Sinks off Libya; 200 Feared Dead

A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died. A security official in the western town of Zuwara,

Yamal LNG Arctic Project in Doldrums

The massive $27 billion Yamal LNG liquefied-natural-gas venture in the Arctic Circle, a centerpiece of President Vladimir Putin’s plan for Russia has been squeezed by U.

Sailboat Catches Fire off Honolulu

A sailboat with five people aboard caught fire off Honolulu, Thursday, promting responsefrom the U.S. Coast Guard who sent a 45-foot Response Boat-Medium crew from

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4955 sec (2 req/sec)