South Korea: Naming Ceremony for Drill Ships, Ocean Rig Corcovado & Ocean Rig Olympia

Naming Ceremony for the Company’s two first Drill Ships took place at the Samsung Heavy Industries Shipyard in Korea on December 16th .

Godmother of Ocean Rig Corcovado is Jann Brown, Financial Director of Cairn Energy PLC.

Godmother of Ocean Rig Olympia is Olga Plaksina, Chairperson of the Group Executive Board of Vanco.

Ocean Rig owns and operates Leiv Eiriksson and Eirik Raude, two of the world’s largest and most modern drilling rigs, built for ultra deep water and extreme weather conditions.

The company has four drillships under construction at Samsung Heavy Industries in Korea with scheduled delivery December 31st 2010, March 31st 2011, July 31st 2011 and September 30th 2011.

In 2009, the company generated operating revenues of USD 387,706 million.

Source:  Ocean Rig, December 21, 2010;

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