Ocean Rig UDW Announces Order of 7th Generation UDW Drillship

Ocean Rig UDW ORIG (the "Company" or "Ocean Rig"), a global provider of offshore deepwater drilling services, announced today that it has signed a contract to construct a 7th Generation Ultra Deepwater Drillship at Samsung Heavy Industries. This 7th Generation drillship is a sister ship to the three currently under construction at Samsung, and is scheduled to be delivered to the company in January 2015.