Ocean Rig has reached an agreement with Samsung Heavy Industries to postpone the delivery of Ocean Rig Crete to September 2020.
As part of the agreement, Ocean Rig will make a US$22.25 million payment to the yard within July 2018 against the remaining yard instalments.
“With oil prices increasing to above $70 per barrel, the terms agreed with Samsung Heavy Industries provide substantial optionality and leverage to a market that is expected to be significantly improved when the Ocean Rig Crete is delivered to us,” Pankaj Khanna, Ocean Rig President and CEO, said.
Ocean Rig Crete is an integrated design drillship with a 1,300-tonne hook load, two BOPs and six mud pumps, and may be equipped to drill in water depths of up to 4,000 metres.
- Szczecin, Gdynia maritime offices to get two new research vessels in 2020
Construction temporarily halted on Havila Kystruten cruise ship pair
SHI bags order for 10 LNG-fueled crude carriers
in Tanker World
- Jianglong launches first of three patrol boats for CMSA's Fujian branch
- First steel cut for Interlake Steamship's newest bulker
Latest from Baird Maritime
- Philippines to order two more warships from South Korean builder
- DPIRD conducts Gascoyne pink snapper fishery protection patrols
- US firm approves NOK 2.3 billion loan for new wind farm for O&G platforms
- Death toll in Bay of Bengal vessel fire climbs to three
- Team RB-M consortium delivers response boat pair for Jordanian navy