Rig: Ocean Rig Crete

Name Ocean Rig Crete
Owner Drillship Crete Owners Inc.
Manager Transocean
Rig Type Drillship
Sub Type Ultradeep Water
Jackup Type --
Max Water Depth (ft) 12000
Max Drill Depth (ft) 40000
Dimensions (ft)
Leg Length (ft) --
Competitive Yes

Current Location

Country South Korea
Region East Asia

Drilling Equipment

Drawworks Type National Oilwell Varco
Drawworks HP 10500
Mud Pumps Type National Oilwell Varco
Top Drive National Oilwell Varco TDX-1250
Hookload Capacity (lbs) 2800000

Rig Construction Details

Rig Design Samsung
Rig Model --
Year Built 2020
Country of Build South Korea
Yard Name Geoje (Koje) Shipyard
Group Yard Name Samsung Heavy Industries (SHI)

Rig Contract Details

Operating Status Under Construction
Operator --

News

12 May 2015

Ocean Rig delays delivery of two newbuild drillships

Ocean Rig UDW Inc (“Ocean Rig”) today released its financial results for Q1 2015. The company posted a profit of USD41.1 million for the first three months of 2015, recovering from last year’s USD1.5 million first quarter loss. However, Ocean Rig’s Chairman and Chief Executive officer George Economou warned that “the market remains challenging with limited visibility of new contracts and is likely to remain through the near term”. With reference to this the company took the decision to delay the delivery of the Ocean Rig Crete and Ocean Rig Amorgos newbuild drillships until Q1 2018 and Q1 2019. Both units had previously been ordered to be delivered in 2017.

About The Rigs Website

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