Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, today announced that on May 15, 2012, its Ocean Rig Corcovado drillship completed the general testing of equipment as required by Brazil’s oil giant Petrobras.
The drillship has now commenced revenue-generating drilling operations in Brazil. The Ocean Rig Corcovado will stay with Petrobras for three years on a contract worth approximately $650 million.
This is the second Ocean Rig’s drillship under a contract with Brazil’s state controlled Petrobras. The company’s Ocean Rig Mykonos drillship had started drilling offshore Brazil in March this year under a similar contract.
Ocean Rig’s drillships are based upon the Saipem 10K design, and built by a proven shipyard, Samsung Heavy Industries. They are a successful and well proven design complete with full dual derrick enhancements to ensure optimal operational efficiency.
The company owns and operates 9 offshore ultra deepwater drilling units, comprising of 2 ultra deepwater semisubmersible drilling rigs and 7 ultra deepwater drillships, 3 of which remain to be delivered to the company during 2013.