Ocean Rig UDW Inc. Announces Fourth Quarter 2017 Results Release Date, Conference Call and Webcast
15 Fevereiro 2018 - 7:05PM
Ocean Rig UDW Inc. (NASDAQ:ORIG) (“Ocean Rig” or “UDW” or the
“Company”), an international contractor of offshore deepwater
drilling services, announced today that it will release its results
for the fourth quarter 2017 after the market closes in New York on
Tuesday, February 20, 2018.
Conference Call
details:Wednesday, February 21, 2018, at 8:00 a.m. ET.
Participants should dial into the call 10 minutes
before the scheduled time using the following numbers: 1(866)
819-7111 (from the US), 0(800) 953-0329 (from the UK) or+(44) (0)
1452 542 301 (from outside the US). Please quote "Ocean Rig".
A replay of the conference call will be available
until Wednesday, February 28, 2018. The United States replay number
is 1(866) 247-4222; from the UK 0(800) 953-1533; the standard
international replay number is (+44) (0) 1452 550 000 and the
access code required for the replay is: 55592075#.
Slides and audio
webcast:There will also be a simultaneous live webcast
over the Internet, through the Ocean Rig UDW Inc. website
(www.ocean-rig.com). Participants to the live webcast should
register on the website approximately 10 minutes prior to the start
of the webcast.
About Ocean Rig UDW Inc.
Ocean Rig is an international offshore drilling
contractor providing oilfield services for offshore oil and gas
exploration, development and production drilling, and specializing
in the ultradeepwater and harsh-environment segment of the offshore
drilling industry.
Ocean Rig’s common stock is listed on the NASDAQ
Global Select Market where it trades under the symbol “ORIG”.
Visit the Company’s website
at www.ocean-rig.com.
Forward-Looking Statements
Matters discussed in this release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business. The Company
desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including
this cautionary statement in connection with such safe harbor
legislation.
Forward-looking statements relate to Ocean Rig’s
expectations, beliefs, intentions or strategies regarding the
future. These statements may be identified by the use of
words like “anticipate,” “believe,” “estimate,” “expect,” “intend,”
“may,” “plan,” “project,” “should,” “seek,” and similar
expressions. Forward-looking statements reflect Ocean Rig’s
current views and assumptions with respect to future events and are
subject to risks and uncertainties.
The forward-looking statements in this release are
based upon various assumptions, many of which are based, in turn,
upon further assumptions, including without limitation,
management’s examination of historical operating trends, data
contained in Ocean Rig’s records and other data available from
third parties. Although Ocean Rig believes that these
assumptions were reasonable when made, because these assumptions
are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are
beyond Ocean Rig’s control, Ocean Rig cannot assure you that it
will achieve or accomplish these expectations, beliefs or
projections described in the forward-looking statements contained
herein. Actual and future results and trends could differ
materially from those set forth in such statements.
Important factors that, in Ocean Rig’s view, could
cause actual results to differ materially from those discussed in
the forward-looking statements include factors related to (i) the
offshore drilling market, including supply and demand, utilization,
day rates and customer drilling programs, commodity prices, effects
of new rigs and drillships on the market and effects of declines in
oil and gas prices and downturns in the global economy and the
market outlook for our various geographical operating sectors and
classes of rigs and drillships; (ii) hazards inherent in the
drilling industry and marine operations causing personal injury or
loss of life, severe damage to or destruction of property and
equipment, pollution or environmental damage, claims by third
parties or customers and suspension of operations; (iii)
newbuildings, upgrades, and shipyard and other capital projects;
(iv) changes in laws and governmental regulations, particularly
with respect to environmental matters; (v) the availability of
competing offshore drilling vessels; (vi) political and other
uncertainties, including risks of terrorist acts, war and civil
disturbances; piracy; significant governmental influence over many
aspects of local economies, seizure; nationalization or
expropriation of property or equipment; repudiation, nullification,
modification or renegotiation of contracts; limitations on
insurance coverage, such as war risk coverage, in certain areas;
political unrest; foreign and U.S. monetary policy and foreign
currency fluctuations and devaluations; the inability to repatriate
income or capital; complications associated with repairing and
replacing equipment in remote locations; import-export quotas, wage
and price controls imposition of trade barriers; regulatory or
financial requirements to comply with foreign bureaucratic actions;
changing taxation policies; and other forms of government
regulation and economic conditions that are beyond our control;
(vii) the performance of our rigs; (viii) our new capital
structure; (ix) our ability to procure or have access to financing
and our ability comply with covenants in documents governing our
debt; (x) our substantial leverage, including our ability to
generate sufficient cash flow to service our existing debt and the
incurrence of substantial indebtedness in the future; (xi) our
ability to successfully employ our drilling units, our customer
contracts, including contract backlog, contract commencements and
contract terminations; (xii) our capital expenditures, including
the timing and cost of completion of capital projects; (xiii) our
revenues and expenses; (xiv) complications associated with
repairing and replacing equipment in remote locations; and (xv)
regulatory or financial requirements to comply with foreign
bureaucratic actions, including potential limitations on drilling
activities; (xvi) any litigation or adverse actions that may arise
from our recently completed financial restructuring. Due to such
uncertainties and risks, investors are cautioned not to place undue
reliance upon such forward-looking statements.
Risks and uncertainties are further described in
reports of Ocean Rig filed with or submitted to the U.S. Securities
and Exchange Commission, including the Company’s most recently
filed Annual Report on Form 20-F.
Contact:
Investor Relations / Media:Nicolas
BornozisCapital Link, Inc. (New York) Tel. 212-661-7566E-mail:
oceanrig@capitallink.com
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