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Mr. Economou’s Successful Week

The week started with news that Ocean Rig UDW, a wholly owned subsidiary of DryShips, entered into a two well contract with Borders & Southern Petroleum for two exploratory wells offshore the Falkland Islands. The contract, which is valued at $77 million, commences in 4Q 2011, upon expiry of the current contract and is expected to last 90 days. There are options for a further three wells which could extend the contract by 135 days.

This is only an excerpt of Mr. Economou’s Successful Week

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Written by: | Categories: Freshly Minted, The Week in Review | December 2nd, 2010 |

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