Ocean Rig acquires drillship at bargain $65 mln price

drillship

Ocean Rig has acquired an advanced ultra deepwater drillship at auction for $65 million.

Ocean Rig announced the acquisition of the drillship Cerrado, a sixth generation drillhip built by Samsung Heavy Industries in 2011. The design of the drillship is similar to Ocean Rig’s four existing sixth generation drillships.

The Cerrado drillship bought at auction was previously operated by a unit of the Brazilian firm Schahin Group, which in April 2015 filed for bankruptcy.

The deal is subject to judicial auction procedure. Upon delivery the rig will be renamed Ocean Rig Paros.

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