1. “A simple Story for a simple Challenge” Gilles Bocabarteille
2ème Conférence d’Asset Management en France, le 12 février 2015
“A simple Story for a simple Challenge”
Gilles Bocabarteille
Chief Operating Officer

2. Summary
About Ocean Rig
Our Business Model
Our Challenge
Our Response

3. Private / Public Shipping Assets - Oil & Gas Growth Oriented
Cardiff - Dryships
Over 13 billion US $ in Assets
Private / Public Shipping Assets - Oil & Gas Growth Oriented
DRYBULK
SEGMENT
CONTAINERS
SEGMENT
TANKER SEGMENT
OFFSHORE DRILLING
LNG
SEGMENT
OFFSHORE
SERVICES
Public/Private
29 x Capesize
28 x Panamax
2 x Handymax
9 X NBs
Av. Age: 6 yrs
Private
1 x 6,500 TEU
> 10% of Danaos (54 vessels in the water)
Public / Private
4 x VLCC
12 x Suezmax
22 x Aframax
1 x NB
Av. Age: 5.6 yrs
Public
2 x UDW SS
7 x UDW Drillships in the water
4 x UDW NB Drillships
Private
Fuji LNG (148K m3)
Corcovado LNG (160K m3),
Kita LNG (160K m3)
Palu LNG (160K m3)
Yari LNG (160K m3)
Public
2 x PSVs (Platform Supply Vessels) 5,150 hp
4 x OSRVs (Oil Spill Recovery Vessels) 5,150 hp

4. Worldwide drilling experience
Ocean Rig
Operating in Ultra Deep Waters since 2001, having drilled more than 200 wells for over 30 different customers.
Drilled in harsh environments and in nearly every Deep Water area of the world.
Our people
Management team with an average of 23 years in Offshore Drilling Industry.
More than 2,400 Employees onshore & offshore.
Worldwide drilling experience
Selected clients

5. Ocean Rig Harsh Envir/ment UDW Semis
Sister drillships provide benefits from standardization
NEW GENERATION
5th generation Semisub/bles
Four 6th generation drillships
Five 7th generation drillships
Two NEW generation NB drillships
Ocean Rig Corcovado
Ocean Rig Olympia
Ocean Rig Mylos
Ocean Rig Skyros
Ocean Rig Athena
Leiv Eiriksson
Eirik Raude
TBN
Early 2017
TBN
Mid 2017
Ocean Rig Poseidon
Ocean Rig Mykonos
Ocean Rig Apollo
Early 2015
Ocean Rig Santorini
Mid 2016
Built at Dalian/Friedman Goldman Irving
Built at Samsung H.I.
Under construction at Samsung H.I.
Sister drillships with common equipment , spare parts and training standards
Up to 12,000 ft. water depth capability
Up to 7,500-10,000 ft. water depth capacity
Up to 10,000-12,000 ft. water depth capability
7 ram Blowout Preventers
Up to 40,000 ft. drilling depth capability with 6 and 7 ram Blowout Preventers
Accommodations for up to 240 people
Up to 30,000 ft. drilling depth capacity
Dual derricks for increased drilling activity/efficiency
Fully integrated design
Two of only 15 drilling units worldwide equipped to operate in both ultra-deepwater and harsh environment
Accommodations for up to 215 people on board
Variable Deck Load of 24,000 mt
Increased deck space
Increased hoisting and riser capacity

6. Capital intensive - $700M / Rig Daily rate – $500k / day
Ocean Rig – Business Model
Capital intensive - $700M / Rig
Daily rate – $500k / day
Operation 24/7
SIMPLE….

7. “Never Stop Operating and no compromise to Safety”
Ocean Rig – Business Model
“Never Stop Operating and no compromise to Safety”
- and preserving our asset
- and being cost effective
- and pleasing our client
- and delivering efficient operations
- and complying to international regulation and international regulation
- and being flexible
- and training new workforce
- and …..
SIMPLE…..

8. Oil Co cutting programs and budgets Operating Efficiency 90-95%
Ocean Rig - Challenge
Macondo 2010
Oil …. 45$!!
Oil Co cutting programs and budgets
Operating Efficiency 90-95%
500 employees in 2011, 2400 in 2014
SIMPLE….

9. Investment of about $7m for the Drilling and Marine simulators alone
Ocean Rig - Response
Investing in People
Investment of about $7m for the Drilling and Marine simulators alone

10. Investing in the Asset Management
Ocean Rig - Response
Investing in the Asset Management

11. Average 94% Operating Avaibility …….. Plus coming Major Outage 3-4%
Ocean Rig - Response
Average 94% Operating Avaibility
……..
Plus coming Major Outage 3-4%
90% vs 95% Availability Target
SIMPLE……
Very SIMPLE… our Assets are new!!

12. Ocean Rig - Response
Asset Management

13. Ocean Rig - Response
“5 year” major Outage

14. 3% for Operational Stoppage +2% for major Outage
Ocean Rig - Response
3% for Operational Stoppage
+2% for major Outage
95% of Operating Availability
……. SIMPLE…..