Lundin Norway has declared its third option to extend the contract for Ocean Rig semi-submersible Leiv Eiriksson, keeping the rig employed through to September.
, keeping the rig employed through to September.Ocean Rig has granted Lundin an additional two options to drill further wells in the future, which could see the rig could be employed until the first quarter of 2019.
George Economou, chairman and CEO of Ocean Rig, commented: “We are grateful for the support of our major customer in Norway and subject to the successful restructuring look forward to extending this relationship in the long-term.”
The extension and further options, if exercised, would generate around $85m.
