Orrick Advises Ocean Rig in Successful Bid for Deepwater Drillship


Orrick client, Ocean Rig UDW Inc., announced today the successful bid by one of its subsidiaries of the 6th generation ultra deepwater drillship Cerrado, being sold through an auction, for a purchase price of $65 million.

Ocean Rig is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and production drilling, and specializing in the ultra deepwater and harsh environment segment of the offshore drilling industry.

Bill Haft, Ron D'Aversa, Peter Rooney and Julie Eum comprised the cross-practice, New York-based Orrick team that advised Ocean Rig on the successful bid.