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OCR - Eirik Raude to Norway.

Europe Intelligence Wire

| May 12, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Hugin)

Eirik Raude to Norway Stavanger, Norway Ocean Rig has nominated Eirik Raude to perform drilling in the Barents Sea starting late this year. The rig has now a continuing program for 6 wells over a 333 days period and a total backlog of USD 74 million. The company sees a tightening market for its services. Ocean Rig has nominated Eirik Raude for the Barents Sea campaign later this year. The rig has been drilling on the East Coast of Canada since November 2002 when she was delivered from the shipyard. During this time the rig has proven its capabilities in extreme weather and demonstrated good performance in challenging drilling conditions under strict …

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