Ocean Rig orders another drillship

OCTOBER 15, 2012 — Ocean Rig UDW Inc. (NASDAQ:ORIG) reports that it has signed a contract to construct a seventh generation ultra deepwater drillship at Samsung Heavy Industries. It will be a sister ship to the three drillships currently under construction for Ocean Rig at the Samsung shipyard, and is scheduled to be delivered to the company in January, 2015.

Ocean Rig now owns and operates 10 offshore ultra deepwater drilling units: two ultra deepwater semisubmersible drilling rigs and eight ultra deepwater drillships, three of which remain to be delivered from the shipbuilder during 2013 and one in 2015.