In several recent articles, I have discussed the preference that many oil and gas companies have expressed for modern offshore drillings rigs to use in their respective offshore drilling projects. This gives a competitive advantage to offshore drilling companies that own and operate fleets consisting primarily of modern drilling rigs. One company that fits this description is Ocean Rig (NASDAQ:ORIG), whose fleet is made up primarily of sixth and seventh generation ultra-deepwater drilling rigs with some older (but still relatively modern) fifth generation rigs thrown into the mix for good measure. This article will look at the rigs in the company's fleet and will examine how it compares to the fleets of other companies known for the quality...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|