Ocean Rig UDW Inc. reported plans to delay taking delivery of an enhanced integrated design newbuild drillship, the Ocean Rig Crete, until September 2020 as agreed upon with Samsung Heavy Industries (SHI).
The agreement may be amended later to a sooner date depending on oil market conditions, Ocean Rig said. Pankaj Khanna, Ocean Rig president and chief executive officer, said his firm has a continuing strategic partnership with SHI for construction of 11 drillships.
The Ocean Rig Crete is an 8th generation enhanced integrated design drillship featuring a hook load capacity of 2.8 million lb, two blowout preventers, and six mud pumps. It can be equipped to drill in 4,000 m of water.
Ocean Rig is an international offshore drilling contractor providing services for offshore oil and gas exploration, development, and production drilling. It specializes in ultradeepwater and harsh-environment areas.