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June 24, 2002

Irving delivers Eirik Raude
Ocean Rig says its second rig, Eirik Raude, was mechanically complete on June 21, 2002, in line with previous estimates.

Ocean Rig has taken delivery of the rig from the Irving shipyard in Halifax, and says it will now enter a new phase of commissioning and testing. During this period the rig will undergo a series of tests including sea trials before it starts drilling operations.

Estimated start of drilling operations is September 1, 2002.

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