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Ocean Rig (0JD5)


Tuesday 22 April, 2008

Ocean Rig

Q1 presentation

1st quarter 2008 presentation, webcast and conference call
Stavanger, Norway
Ocean Rig will  release its  1st quarter  2008 results  on April  29,
2008, at 14:00 (CET). A presentation will be held at Thon Hotel, Vika
Atrium  (Vika  Atrium  Konferansesenter),  Munkedamsveien  45,  Oslo,
Norway. Chairman of the Board, Geir Aune, incoming CEO, David Mullen,
and CFO, Jan Rune Steinsland, will represent the Company.
The sound and presentation material will be broadcasted live  through
Ocean  Rig  ASA's  website,  To  connect,  please
activate the link  on the  website's front page.  The broadcast  will
also be available  through Oslo  Stock Exchange  Webcast. A  recorded
version of the  webcast will  be available on  the company's  website
after the presentation has concluded.
To participate in the conference call, please call one of the numbers
From Norway, call free of charge, 800 19 640
From the US, call free of charge, 1888 935 4577
From the UK, call free of charge, 0800 028 1299
International callers, (+44) (0) 20 7806 1966
Please call  10 minutes  in advance  to register  for the  conference
The conference call ID-number is 261 9411.
Ocean Rig  owns and  operates two  of the  world's largest  and  most
modern drilling rigs, built for ultra deep waters and extreme weather
conditions. The  units are  currently  operating in  the US  Gulf  of
Mexico and in the North Sea.
NOTE: This press release contains forward-looking statements  (within
the meaning of  Section 27A of  the United States  Securities Act  of
1933, as amended,  and Section  21E of the  United States  Securities
Exchange Act of 1934, as amended) which reflect the Company's current
views  with   respect  to   certain  future   events  and   financial
performance. Actual  events or  results  may differ  materially  from
those projected  or implied  in such  forward-looking  statements. We
undertake  no   obligation  to   publicly   update  or   revise   any
forward-looking statements, whether as a result of new information or
otherwise.  The following important factors, among other, could cause
actual results to differ materially  from those projected or  implied
in any forward-looking statements: (i)  our results of operation  and
financial conditions  in the  future; (ii)   the performance  of  our
rigs, including the sufficiency of their design and their ability  to
prevent discharges of hazardous  materials and pollutants; (iii)  our
ability to generate  sufficient cash-flow  to meet  our debt  service
requirements; (iv)  our  ability  to retain  existing  contracts  and
secure future  drilling  contracts for  our  rigs at  attractive  day
rates; (v) our ability to  perform our operations in accordance  with
our plans; (vi) the impact of  changed conditions in the oil and  gas
industry; (vii) the occurrence of any accidents involving the Company
or  its   assets;  (viii)   changes  in   governmental   regulations,
particularly with respect  to environmental  matters; (ix)  increased
competition or  the  entry  of new  competitors  into  the  Company's
markets; and (x) unforeseen occurrences in any of the areas in  which
the Company may conduct its  operations, such as war,  expropriation,
nationalization, renegotiation or nullification of existing  licenses
or treaties,  taxation  and resource  development  policies,  foreign
exchange restrictions, changing political conditions and other  risks
relating to foreign  governmental sovereignty over  certain areas  in
which the Company will conduct operations.  Due to such uncertainties
and risks, investors are cautioned  not to place undue reliance  upon
such forward-looking statements. 
For further information, please contact Finance Manager Andreas  Lian
tel (+47) 51 96 90 00
Stavanger, April 22, 2008
Ocean Rig ASA


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