Dryships announces ocean rig employment updates for the Ocean Rig Skyros
DryShips Inc., an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. (“Ocean Rig”), of offshore deepwater drilling services, today announced that Ocean Rig : - Has si gned definitive documentation with Total E&P Angola, following the previously announced Letter of Award, for its ultra deepwater drillship “Ocean Rig Skyros”, said in the company's press release.
The contract is for 5 wells or a minimum of 275 days for drilling offshore West Africa, with an e stimated backlog of approximately $190 million, and is expected to commence upon delivery of the drillship from the shipyard, in October 2013. - H as received a Letter of Award for its ultra deepwater drillship “Ocean Rig Skyros”, from a major oil company. The Letter of Award is for a 6 year contract for drilling offshore West Africa, with an estimated backlog of approximately $1.3 billion. The Letter of Award is subject to completion of definitive documentation and receipt of regulatory approvals. The contr act is expected to commence in direct continuation of the previous contract before the first quarter of 2015. As a result of this LOA, as of today, Ocean Rig ’s total contracted backlog (including LOAs) stands at about $6.1 billion, primarily with investme nt grade or strong counterparties. About DryShips DryShips Inc. is an owner of drybulk carriers and tankers that operate worldwide.
Through its majority owned subsidiary, Ocean Rig, DryShips owns and operates 10 offshore ultra deepwater drilling units, comprising of 2 ultra deepwater semisubmersible drilling rigs and 8 ultra deepwater drillships, three of which are scheduled to be delivered to the Company during 2013 and one of which is scheduled to be delivered during 2015. DryShips own s a fleet of 42 drybulk carriers (including newbuild ings), comprising 1 2 Capesize, 28 Panamax and 2 Supramax, with a combined deadweight tonnage of about 4.4 million tons, and 10 tankers, comprising 4 Suezmax and 6 Aframax, with a combined deadweight tonna ge of over 1.3 million tons.
