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ORIG on NASDAQ

Ocean Rig

Logo: Ocean Rig UDW Inc., Public domain, via Wikimedia Commons5

Operator of semi-submersible oil platforms and underwater drillships and based in Athens

Ocean Rig UDW Inc. was an operator of semi-submersible oil platforms and underwater drillships and was based in Athens. In 2018, the company was acquired by Transocean. The company owned 2 semi-submersibles and 4 ultra deepwater drillships.3 Its shares trade on NASDAQ under the symbol ORIG.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1996Founded1

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  • TickerORIG on NASDAQ1
  • Industryoil platform1
  • HeadquartersStavanger1
  • Websitewww.ocean-rig.com
  • Business addressC/O Ocean Rig Mgmt Services Sezc Ltd., 3Rd Floor Flagship Building Harbour Dr., Grand Cayman, E9 Ky1-11046
  • Filer categoryAccelerated filer6
  • Legal formcompany limited by shares4
  • LEI5493004IUZY0KS3K0W934
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressFlagship Building, KY1-1300 George Town, Cayman Islands4
  • Registered withGeneral Registry, 3103964

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Ocean Rig UDW Inc. was an operator of semi-submersible oil platforms and underwater drillships and was based in Athens. In 2018, the company was acquired by Transocean.3

What it owns

What Ocean Rig reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$08 Dec 31, 2017$545.5M8 Dec 31, 2016−100.0%
Property and equipment, net$1.9B8 Dec 31, 2017$3.0B8 Dec 31, 2016−37.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$736.1M8 Dec 31, 2017$718.7M8 Dec 31, 2016+2.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$9.6M8 Dec 31, 2017$13.0M8 Dec 31, 2016−26.3%

The story

The company was established in 1996 as Ocean Rig ASA.

Between 1997 and 2008, the company was listed on the Oslo Stock Exchange.

In 2010, shares in the company were spun off by DryShips and the company was listed on NASDAQ.

In 2011, the Leiv Eirikson finished operations the Black Sea on contract to Petrobras and TPAO and went to the Arctic on contract to Cairn Energy.

In March 2017, the company filed bankruptcy in the United States. The reorganization was completed in September 2017.

Effective January 1, 2018, Pankaj Khanna became President & CEO of the company.

In December 2018, the company was acquired by Transocean.

From Wikipedia’s article on Ocean Rig, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

From Wikidata.1

Former names

  • PRIMELEAD SHAREHOLDERS INC.Oct 20, 2008 to Oct 20, 20086

Timeline

  1. Oct 6, 2011Went public Listed on NASDAQ1
  2. 1996Founded Founded1

SEC filer profile

How Ocean Rig is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROcean Rig UDW Inc.2
  • CIK0001447382
  • Filer statusAccelerated filer2
  • Industry code (SIC)1381 Drilling Oil & Gas Wells2
  • Business addressC/O Ocean Rig Mgmt Services Sezc Ltd., 3Rd Floor Flagship Building Harbour Dr., Grand Cayman, E9 KY1-11042
  • Mailing addressC/O Ocean Rig Mgmt Services Sezc Ltd., P.O.Box 309 Ugland House South Church St, George Town, Grand Cayman, E9 KY1-11042
  • Phone011 345 327 92322
  • Shares outstanding91,567,982 as of Jun 30, 20189
  • On EDGAR sinceOct 20, 20082
  • Filings344 in all: 6-K (196), 425 (20), UPLOAD (13), SC 13G/A (12), 424B3 (11), EFFECT (9), SC 13D/A (8), 20-F (7)2
    All 33 form types

    CORRESP (7), SC 13G (7), F-3/A (6), F-4/A (5), POSASR (5), 424B4 (4), F-3ASR (4), SC 13D (4), 6-K/A (3), F-4 (3), 424B5 (2), F-1 (2), F-1/A (2), F-3 (2), POS AM (2), 15-12B (1), 20-F/A (1), 25-NSE (1), 424B7 (1), 8-A12B (1), 8-A12B/A (1), CERTNAS (1), F-1MEF (1), FWP (1), POS EX (1)

  • Latest filingsAnnual report (20-F) Mar 15, 2018

Sources

The numbers on this page point here. Each one links to the record it came from.

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