Ocean Rig UDW Inc. , a global provider of offshore deepwater drilling services, announced today that in connection with the previously announced Omnibus Agreement with ENI Angola S.p.A , all closing conditions including approvals by nation al authorities and signing of definitive documentation have been satisfied, the company said in its press release.
As a result the Company has extended the contract for the drillship Ocean Rig Poseidon for a further one year until the second quarter of 2017 with total contract backlog now stan ding at about $ 36 7 million . In addition , the Company has entered into a new contract for the drillship Ocean Rig Olympia to drill offshore Angola commencing in the third quarter of 2015 for a minimum of 8 months with a total contract backlog of about $ 91 million . George Economou, Ocean Rig’s Chairman and Chief Executive Officer commented: “We are pleased to expand our strong relationship with ENI and our presence in Angola. This is a clear testament of our ability to provide a first class service to our clients.”
About Ocean Rig UDW Inc.
Ocean Rig is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and production drilling, and specializing in the ultradeepwater and harsh - environment segment of the offshore drilling industry. The Company owns and operates 13 offshore ultra deepwater drilling units, comprising of 2 ultra deepwater semisubmersible drilling rigs and 11 ultra deepwater drillships , 1 of which is scheduled to be delivered to the Company during 2016, 1 of which is scheduled to be delivered during 2018 and 1 of which is scheduled to be delivered during 2019. Ocean Rig’s common stock is listed on the NASDAQ Global Select Market where it trades under the symbol ―ORIG.