Ocean Rig Ultra-Deepwater Drillship Contract Confirmed
Greece's DryShips, says that its wholly-owned subsidiary, Ocean Rig UDW, has signed definitive documentation, following the previously announced contract award for the 6-year contract for drilling operations offshore Angola for its ultra deepwater drillship the 'Ocean Rig Skyros'. The contract is for drilling operations offshore Angola for Total E&P in its Angola Block 32, and is expected to commence in the third quarter of 2015 with an estimated backlog value of $1.3 billion. DryShips Inc.
Ocean Rig in the Red Q3 2013 But Increase Drilling Revenues
International contractor of offshore deepwater drilling services, Ocean Rig, announce its unaudited financial and operating results for the third quarter ended September 30, 2013, reporting a net loss of $21.5 million, or $0.16 basic and diluted loss per share. However, Revenues from drilling contracts increased by $42.8 million to $328.5 million for the three-month period ended September 30, 2013, as compared to $285.7 million for the same period in 2012.
