Nasdaq-listed Ocean Rig is ready to explore a sale under pressure from shareholders, according to Reuters citing unnamed sources.
The company, an operator of drillships and semi-submersible rigs, filed for Chapter 15 bankruptcy in March this year and emerged from it in September.
In early moves, Ocean Rig has interviewed investment banks to appoint a financial advisor to help it explore a sale.
Owned by Greek magnate George Economou – who also owns bulk shipowner DryShips – Ocean Rig has its executive offices in Grand Cayman, a British Overseas Territory in the Caribbean.
Ocean Rig’s business suffered as low oil prices made offshore E&P less attractive.
