Ocean Rig
Encyclopedia
Ocean Rig UDW Inc. is an operator of semi-submersible
oil rigs
based in Stavanger
, Norway
. The company also maintains offices in Luanda
, Angola
and St. John's
, Canada
. The company has two rigs, Leiv Eirikson and Eirik Raude, and has ordered four additional rigs from South Korea
.
The company was established in 1996 as Ocean Rig ASA. Ocean Rig was listed on the Oslo Stock Exchange
in 1997–2008. Since 2011 it is listed in NASDAQ
. In 2007–2008, 74% of the company is owned by DryShips Inc
, controlled by Greek-American shipping tycoon George Economou
.
The Leiv Eirikson recently finished operations the Black Sea
on contract to Petrobras
and TPAO and is now en route to the Arctic on contract to Cairn Energy
. The Eirik Raude is in Ghana
on contract to Tullow Oil
. Both semi-submersible drilling rigs are based on the proprietary Bingo 9000 design. The rigs have a water depth capacity of 10000 feet (3,048 m) and variable deck load of 7,000 tonnes.
The four deep water drill ships currently on order are being built at Samsung Heavy Industries
in South Korea based upon the Saipem 10K design. The first vessel is scheduled to be delivered to Ocean Rig on the 31st December 2010 with the fourth and final vessel by the 30th September 2011. They have been named the Ocean Rig Corcovado, the Ocean Rig Olympia, the Ocean Rig Poseidon, and the Ocean Rig Mykonos.
Semi-submersible
A semi-submersible is a specialised marine vessel with good stability and seakeeping characteristics. The semi-submersible vessel design is commonly used in a number of specific offshore roles such as for offshore drilling rigs, safety vessels, oil production platforms and heavy lift cranes.The...
oil rigs
Oil platform
An oil platform, also referred to as an offshore platform or, somewhat incorrectly, oil rig, is a lаrge structure with facilities to drill wells, to extract and process oil and natural gas, and to temporarily store product until it can be brought to shore for refining and marketing...
based in Stavanger
Stavanger
Stavanger is a city and municipality in the county of Rogaland, Norway.Stavanger municipality has a population of 126,469. There are 197,852 people living in the Stavanger conurbation, making Stavanger the fourth largest city, but the third largest urban area, in Norway...
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
. The company also maintains offices in Luanda
Luanda
Luanda, formerly named São Paulo da Assunção de Loanda, is the capital and largest city of Angola. Located on Angola's coast with the Atlantic Ocean, Luanda is both Angola's chief seaport and its administrative center. It has a population of at least 5 million...
, Angola
Angola
Angola, officially the Republic of Angola , is a country in south-central Africa bordered by Namibia on the south, the Democratic Republic of the Congo on the north, and Zambia on the east; its west coast is on the Atlantic Ocean with Luanda as its capital city...
and St. John's
St. John's, Newfoundland and Labrador
St. John's is the capital and largest city in Newfoundland and Labrador, and is the oldest English-founded city in North America. It is located on the eastern tip of the Avalon Peninsula on the island of Newfoundland. With a population of 192,326 as of July 1, 2010, the St...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. The company has two rigs, Leiv Eirikson and Eirik Raude, and has ordered four additional rigs from South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
.
The company was established in 1996 as Ocean Rig ASA. Ocean Rig was listed on the Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
in 1997–2008. Since 2011 it is listed in NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
. In 2007–2008, 74% of the company is owned by DryShips Inc
DryShips Inc
DryShips Inc is a dry bulk shipping company based in Athens, Greece. As of April 2011 the company owned 35 drybulk carriers, consisting of 7 Capesize, 26 Panamax and 2 Supramax vessels...
, controlled by Greek-American shipping tycoon George Economou
George Economou
George Economou is an American poet and translator.-Life:George Economou was born on September 24, 1934, in Great Falls, Montana, to Amelia Ananiadis Economou and Demetrios George Economou, a businessman and rancher, both of whom emigrated to the United States from Greece...
.
The Leiv Eirikson recently finished operations the Black Sea
Black Sea
The Black Sea is bounded by Europe, Anatolia and the Caucasus and is ultimately connected to the Atlantic Ocean via the Mediterranean and the Aegean seas and various straits. The Bosphorus strait connects it to the Sea of Marmara, and the strait of the Dardanelles connects that sea to the Aegean...
on contract to Petrobras
Petrobras
Petróleo Brasileiro or Petrobras is a semi-public Brazilian multinational energy corporation headquartered in Rio de Janeiro, Brazil. It is the largest company in Latin America by market capitalization and revenue, and the largest company headquartered in the Southern Hemisphere by market...
and TPAO and is now en route to the Arctic on contract to Cairn Energy
Cairn Energy
Cairn Energy plc is a global oil and gas exploration company headquartered in Edinburgh, United Kingdom. It has operational interests in Albania, Bangladesh, Greenland, India, Nepal and Tunisia and produces around 33,000 barrels of oil equivalent per day...
. The Eirik Raude is in Ghana
Ghana
Ghana , officially the Republic of Ghana, is a country located in West Africa. It is bordered by Côte d'Ivoire to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south...
on contract to Tullow Oil
Tullow Oil
Tullow Oil plc is a global oil and gas exploration company headquartered in London, United Kingdom. It has interests in over 85 licences across 23 countries and in 2010 produced 58,100 barrels of oil equivalent per day...
. Both semi-submersible drilling rigs are based on the proprietary Bingo 9000 design. The rigs have a water depth capacity of 10000 feet (3,048 m) and variable deck load of 7,000 tonnes.
The four deep water drill ships currently on order are being built at Samsung Heavy Industries
Samsung Heavy Industries
Samsung Heavy Industries or SHI is one of the largest shipbuilders in the world and one of the "Big Three" shipbuilders of South Korea...
in South Korea based upon the Saipem 10K design. The first vessel is scheduled to be delivered to Ocean Rig on the 31st December 2010 with the fourth and final vessel by the 30th September 2011. They have been named the Ocean Rig Corcovado, the Ocean Rig Olympia, the Ocean Rig Poseidon, and the Ocean Rig Mykonos.