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DO has recently entered into longterm contracts with various companies for several of their rigs

DO has recently entered into longterm contracts with various companies for several of their rigs, including Ocean Worker, Ocean Yatzy, Ocean Winner, Ocean Alliance, Ocean Victory and Ocean America. The first four semisubmersibles will be engaged in contracts worth upwards of $2.3 billion with Petrobras Energia Participaciones SA (PZE) in Brazil. Ocean Victory has a six-month commitment with Callon Petroleum Company (CPE) worth $91 million. Ocean America has been entered into a Letter of Intent detailing a year-long commitment worth $175 million.

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