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Ocean Rig gets $652 million LOA for drillship
Ocean Rig UDW Inc. (NASDAQ: ORIG), which is majority owned by Dry Ships, Inc.(NASDAQ: DRYS), reports that it has received a Letter of Award (LOA) for its ultra deepwater drillship "Ocean Rig Olympia," from a major oil company. The LOA is for a three year contract for drilling offshore West Africa, with an estimated backlog of approximately $652 million. http://www.marinelog.com/index.php?option=com_content&view=article&id=2239:ocean-rig-gets-652-million-loa-for-drillship&catid=78:oil-a-gas&Itemid=190
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