DryShips signs two drilling contracts for Ocean Rig Corcovado, Leiv Eiriksson DryShips announced that its subsidiary Ocean Rig UDW Inc. has entered into firm contracts with Cairn Energy PLC for the "Leiv Eiriksson" and the "Ocean Rig Corcovado" for a period of approximately 6 months each. The total contract value including mobilization for the "Leiv Eiriksson" is approximately $95M. The mobilization period will start in direct continuation from the agreed release date from Petrobras. The total contract value including mobilization and winterization of the "Ocean Rig Corcovado" is approximately $142M. Following the signing of these contracts the company is only left with one open drillship, the Ocean Rig Mykonos, that delivers in Q4 of 2011.
News For DRYS From The Last 14 Days
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DryShips suspends at-the-market equity offering DryShips announced that it has suspended purchases under its previously announced program of at the market issuances of its common shares through Evercore Group L.L.C. as its sales agent.