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Ocean Rig has extended BP's option in Angola

Source: www.gulfoilandgas.com 10/18/2004, Location: Africa

Ocean Rig has extended BP's option to exercise the two optional wells under the 2 + 2 well contract in Angola

Ocean Rig has signed a contract with BP Angola for a 2 + 2 well program starting on October 1st with a net combined value of approximately $ 59 million, including two optional wells to be exercised no later than October 15th.
,br> Ocean Rig has granted an extension for BP to exercise the two optional wells until October 31st at the original day rate. If only one optional well is exercised during October, the second optional well is extended to November 15th at a day rate 8.5% higher than the original day rate.


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