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Stock Market & Financial Investment News

News Breaks
January 4, 2011
05:38 EDTDRYSDryShips 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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May 18, 2015
09:04 EDTDRYSDryShips announces contract extension, new contract for Ocean Rig Olympia
DryShips (DRYS), through its majority owned subsidiary, Ocean Rig UDW (ORIG) of off-shore deepwater drilling services, announced that in connection with the previously announced Omnibus Agreement with ENI Angola S.p.A, all closing conditions including approvals by national authorities and signing of definitive documentation have been satisfied. As a result Ocean Rig has extended the contract for the drillship Ocean Rig Poseidon for a further one year until 2Q17 with total contract backlog now standing at about $367M. In addition, Ocean Rig has entered into a new contract for the drillship Ocean Rig Olympia to drill offshore Angola commencing in Q3 for a minimum of 8 months with a total contract backlog of about $91M.

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