Reference is made to announcement dated September 1st regarding a Letter of Intent with BP’s Angola Business Unit for two wells and two optional wells in continuation, to be drilled on Block 31 offshore Angola. The optional wells can be exercised on or before October 15th.
Ocean Rig has signed the drilling contract with BP for the 2 + 2 well program starting on October 1st with a net combined value of approximately $ 59 million.
Ocean Rig owns and operates two of the world’s largest and most modern drilling-rigs, built for ultra deep waters and extreme weather conditions. The units are currently operating offshore Angola and West of Shetland.