DRILLING

Ocean Rig posts loss but big upside looms

WHILE it has letters of intent for $US2.2 billion ($A2.09 billion) worth of work over the next th...

The loss is due to a 10-year class survey cost of $3 million for the Eirik Raude and a $7.6 million loss incurred on interest rate swaps. Without those two items Ocean Rig would have posted a net income...

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