George Economou’s Ocean Rig has deferred delivery of a third drillship as oil prices continue to show no signs of recovery.
Samsung Heavy Industries (SHI) said in a Korea Exchange filing that an Oceania-based customer had asked to delay delivery of a drillship from December 2015 to June 2017.
IHS Maritime’s Sea-web data show the vessel, which was ordered in September 2013, is likely to be Ocean Rig Santorini, originally contracted for KRW610.3 billion (USD515.3 million).
SHI said it would raise the contract price to KRW709.3 billion due to the rescheduled delivery.
The collapse in oil prices has forced drillship owners to push back newbuilding deliveries as oil companies cut back on exploration and production.
In April, Ocean Rig asked SHI to delay the delivery of Samsung 2109 and Samsung 2110 from 2017 to 2019.
This post was sourced from IHS Maritime 360: View the original article here.