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June 4, 2014
08:31 EDTDRYSDryShips unit signs drilling contract
DryShips and through its majority owned subsidiary, Ocean Rig UDW that Ocean Rig has signed a drilling contract for one of its semi-submersible drilling rigs, the Eirik Raude. The drilling contract is for a minimum six-well program, with an estimated duration of about 260 days, for drilling offshore the Falkland Islands, with an estimated backlog of approximately $165M. The rig is scheduled to commence this contract in 1Q15.
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