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Ocean Rig UDW (FRA:9ORN) Policy Acquisition Expense


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What is Ocean Rig UDW Policy Acquisition Expense?

Policy Acquisition Expense only applies to insurance companies.


Ocean Rig UDW (FRA:9ORN) Business Description

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Ocean Rig UDW Inc is an international offshore drilling contractor. It provides oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company employs drilling units primarily on a day rate basis for periods of between two months and six years to drill wells for its customers, typically major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies.