Ocean Rig UDW 6-K 6 Aug 14 2014 Q2 Current report (foreign) Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Document And Entity Information [Abstract]	'
Document Type	'6-K
Document Period End Date	30-Jun-14
Amendment Flag	'false
Entity Registrant Name	'Ocean Rig UDW Inc.
Entity Central Index Key	'0001447382
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'No
Current Fiscal Year End Date	'--12-31
Entity Filer Category	'Large Accelerated Filer
Entity Well Known Seasoned Issuer	'Yes
Entity Common Stock Shares Outstanding	131,877,678
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q2

Unaudited_Consolidated_Balance

Unaudited Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
CURRENT ASSETS:	'	'
Cash and cash equivalents	$457,877	$605,467
Restricted cash	3,158	3,561
Trade accounts receivable, net of allowance for doubtful receivables of $2,948 at December 31, 2013 and $2,948 at June 30, 2014	326,552	289,718
Other current assets (Note 4)	188,439	110,971
Total current assets	976,026	1,009,717
FIXED ASSETS, NET:	'	'
Advances for drillships under construction and related costs (Note 5)	561,878	662,313
Drilling rigs, drillships, machinery and equipment, net (Note 6)	6,366,301	5,777,025
Total fixed assets, net	6,928,179	6,439,338
OTHER NON-CURRENT ASSETS:	'	'
Restricted cash	75,000	50,000
Financial instruments (Note 9)	9,531	13,517
Intangible assets, net	5,454	6,175
Other non-current assets (Note 7)	123,629	101,703
Total non-current assets, net	213,614	171,395
Total assets	8,117,819	7,620,450
CURRENT LIABILITIES:	'	'
Current portion of long-term debt, net of deferred financing costs (Note 8)	20,880	85,401
Accounts payable and other current liabilities	139,221	89,988
Accrued liabilities	198,230	214,137
Deferred revenue	164,238	123,862
Financial instruments (Note 9)	25,896	30,266
Total current liabilities	548,465	543,654
NON-CURRENT LIABILITIES	'	'
Long term debt, net of current portion and deferred financing costs (Note 8)	4,376,552	3,907,835
Financial instruments (Note 9)	11,309	15,557
Deferred revenue	140,630	152,226
Other non-current liabilities	15,636	21,335
Total non-current liabilities	4,544,127	4,096,953
COMMITMENTS AND CONTINGENCIES (Note 14)	0	0
STOCKHOLDERS' EQUITY:	'	'
Preferred stock, $0.01 par value; 500,000,000 shares authorized at December 31, 2013 and June 30, 2014, nil issued and outstanding at December 31, 2013 and June 30, 2014	0	0
Common stock, $0.01 par value; 1,000,000,000 shares authorized, at December 31, 2013 and June 30, 2014, 131,875,128 and 131,877,678 issued and outstanding at December 31, 2013 and June 30, 2014, respectively (Note 10)	1,319	1,319
Additional paid-in capital	3,494,099	3,492,650
Accumulated other comprehensive loss	-22,446	-23,454
Accumulated deficit	-447,745	-490,672
Total stockholders' equity	3,025,227	2,979,843
Total liabilities and stockholders' equity	$8,117,819	$7,620,450

Unaudited_Consolidated_Balance1

Unaudited Consolidated Balance Sheets (Parentheticals) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Consolidated Balance Sheets	'	'
Allowance for doubtful receivables	$2,948	$2,948
Preferred stock par value	$0.01	$0.01
Preferred stock shares authorized	500,000,000	500,000,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0
Common stock par value	$0.01	$0.01
Common stock shares authorized	1,000,000,000	1,000,000,000
Common stock shares issued	131,877,678	131,875,128
Common stock shares outstanding	131,877,678	131,875,128

Unaudited_Interim_Condensed_Co

Unaudited Interim Condensed Consolidated Statements of Operations (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
REVENUES:	'	'
Service revenue, net	$802,197	$506,279
Total Revenues	802,197	506,279
EXPENSES:	'	'
Drilling rigs and drillships operating expenses	334,604	237,740
Depreciation and amortization	158,091	108,967
General and administrative expenses	63,405	46,068
Legal settlements and other, net	1,588	6,000
Operating income	244,509	107,504
OTHER INCOME / (EXPENSES):	'	'
Interest and finance costs (Note 12)	-150,483	-64,819
Interest income	6,727	3,083
Gain/(loss) on interest rate swaps (Note 9)	-10,167	19,871
Other, net	1,397	4,074
Total other expenses, net	-152,526	-37,791
INCOME BEFORE INCOME TAXES	91,983	69,713
Income taxes (Note 11)	-23,933	-24,575
NET INCOME ATTRIBUTABLE TO OCEAN RIG UDW INC.	68,050	45,138
NET INCOME ATTRIBUTABLE TO OCEAN RIG UDW INC COMMON STOCKHOLDERS (Note 13)	$67,856	$45,098
EARNINGS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS, BASIC AND DILUTED (Note 13)	$0.51	$0.34
WEIGHTED AVERAGE NUMBER OF COMMON SHARES, BASIC AND DILUTED (Note 13)	131,837,490	131,705,782
Dividend declared per share	$0.19	$0

Unaudited_Interim_Condensed_Co1

Unaudited Interim Condensed Consolidated Statements of Comprehensive Income (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Consolidated Statements of Comprehensive Income/(Loss)	'	'
Net income	$68,050	$45,138
Other Comprehensive income:	'	'
Reclassification of realized losses associated with capitalized interest to the Unaudited Interim Condensed Consolidated Statement of Operations, net	517	518
Actuarial gains	491	3,668
Total Other Comprehensive income	1,008	4,186
Total Comprehensive income	$69,058	$49,324

Unaudited_Interim_Condensed_Co2

Unaudited Interim Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Consolidated Statements Of Cash Flows (Abstract)	'	'
Net Cash Provided by Operating Activities	$189,647	$94,758
Cash Flows provided by / (used in) Investing Activities:	'	'
Advances for drillships under construction and related costs	-232,355	-83,819
Drilling rigs, drillships machinery, equipment and other improvements	-439,879	-77,749
(Increase) / Decrease in restricted cash	-24,597	52,510
Net Cash Used in Investing Activities	-696,831	-109,058
Cash Flows Provided by / (used in) Financing Activities:	'	'
Proceeds from short/long term credit facilities, term loans and senior notes	950,000	0
Principal payments and repayments of short/long-term debt and senior notes	-561,078	-88,333
Payment of dividends	-25,055	0
Payment of financing costs, net	-4,273	-16,533
Net Cash (Used in)/Provided by Financing Activities	359,594	-104,866
Net decrease in cash and cash equivalents	-147,590	-119,166
Cash and cash equivalents at beginning of period	605,467	317,366
Cash and cash equivalents at end of period	$457,877	$198,200

Basis_of_Presentation_and_Gene

Basis of Presentation and General Information	6 Months Ended
	Jun. 30, 2014
Basis of Presentation and General Information [Abstract]	'
Basis of Presentation and General Information	'
	1. Basis of Presentation and General Information:
	The accompanying unaudited interim condensed consolidated financial statements include the accounts of Ocean Rig UDW Inc., its subsidiaries and its consolidated Variable Interest Entities ("VIEs") (collectively, the "Company," "Ocean Rig UDW" or "Group"). Ocean Rig UDW was formed on December 10, 2007, under the laws of the Republic of the Marshall Islands under the name Primelead Shareholders Inc. The Company was established by DryShips Inc. ("DryShips" or "the Parent") for the purpose of being the holding company of its drilling segment. DryShips is currently impacted by the prolonged downturn in the drybulk charter market. The Company, in the preparation of its consolidated financial statements, has considered its relationship to its Parent and any impact its Parent's financial condition might have on its own consolidated financial statements. Based on its assessment, the Company has concluded that there is no impact on the basis of preparation of its consolidated financial statements.
	The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") and applicable rules and regulations of the Securities and Exchange Commission ("SEC") for interim financial information. Accordingly, they do not include all the information and notes required by U.S. GAAP for complete financial statements. These statements and the accompanying notes should be read in conjunction with the Company's Annual Report on Form 20-F (File No. 001-35298) for the fiscal year ended December 31, 2013, filed with the SEC on February 21, 2014.
	These unaudited interim condensed consolidated financial statements have been prepared on the same basis as the Company's annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments considered necessary for a fair presentation of the Company's financial position, results of operations and cash flows for the periods presented. Operating results for the six-month period ended June 30, 2014, are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2014.

Significant_Accounting_policie

Significant Accounting policies	6 Months Ended
	Jun. 30, 2014
Significant Accounting policies [Abstract]	'
Significant Accounting policies	'
	2. Significant Accounting Policies:
	A discussion of the Company's significant accounting policies can be found in the Company's consolidated financial statements included in the Annual Report on Form 20-F for the fiscal year ended December 31, 2013, filed with the SEC on February 21, 2014 (the "Consolidated Financial Statements for the year ended December 31, 2013"). There have been no material changes to these policies in the six-month period ended June 30, 2014.
	New accounting pronouncements
	Revenue from Contracts with Customers: The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively, the “Boards”) jointly issued a standard in May 2014 that will supersede virtually all of the existing revenue recognition guidance in US GAAP and International Financial Reporting Standards (“IFRS”) and is effective for annual periods beginning on or after January 1, 2017. The standard establishes a five-step model that will apply to revenue earned from a contract with a customer (with limited exceptions), regardless of the type of revenue transaction or the industry. The standard's requirements will also apply to the recognition and measurement of gains and losses on the sale of some non-financial assets that are not an output of the entity's ordinary activities (e.g., sales of property, plant and equipment or intangibles). Extensive disclosures will be required, including disaggregation of total revenue; information about performance obligations; changes in contract asset and liability account balances between periods and key judgments and estimates. The guidance in Accounting Standard Update (“ASU”) 2014-09 Revenue from Contracts with Customers (Topic 606) supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, this ASU supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. Management is in the process of accessing the impact of the new standard on Company's financial position and performance.

Transactions_with_related_part

Transactions with related parties	6 Months Ended
	Jun. 30, 2014
Transactions with Related Parties [Abstract]	'
Transactions with Related Parties	'
		3. Transactions with Related Parties:
				December 31,		June 30,
			2013			2014
		Balance Sheet
		Advances for drillships under construction and related costs	$	1,185	$	1,546
		Drilling rigs, drillships, machinery and equipment, net	$	5,692	$	2,885
				Six-month period ended June 30,
		Statement of Operations		2013		2014
			$		$
		Service Revenue, net - Cardiff Drilling Inc.		-4,198		-7,729
		General and administrative expenses:
		-Vivid Finance Limited		5,738		5,706
		-Azara		-		1,250
		-Basset		566		616
		-Amortization of CEO's stock based compensation	$	-	$	653
	Global Services Agreement: Effective January 1, 2013, Ocean Rig Management Inc. ("Ocean Rig Management"), a wholly-owned subsidiary of Ocean Rig UDW entered into a Global Services Agreement with Cardiff Drilling Inc. ("Cardiff Drilling") , a company controlled by the Company's Chairman, President and Chief Executive Officer, of the Company and Dryships Mr. George Economou, pursuant to which Ocean Rig Management engaged Cardiff Drilling to act as consultant on matters of chartering and sale and purchase transactions for the offshore drilling units operated by the Company. Under the Global Services Agreement, Cardiff Drilling, or its subcontractor, (i) provides consulting services related to the identification, sourcing, negotiation and arrangement of new employment for offshore assets of the Company and its subsidiaries; and (ii) identifies, sources, negotiates and arranges the sale or purchase of the offshore assets of the Company and its subsidiaries. In consideration of such services, the Company will pay Cardiff Drilling a fee of 1.0% in connection with employment arrangements and 0.75% in connection with sale and purchase activities. Costs from the Global Services Agreement are expensed in the consolidated statement of operations or capitalized as a component of "Advances for drillships under construction and related costs" being a directly attributable cost to the construction, as applicable.
	Vivid Finance Limited: Under the consultancy agreement effective from January 1, 2013, between Ocean Rig Management and Vivid Finance Limited ("Vivid"), a company controlled by the Chairman, President and Chief Executive Officer of the Company and DryShips, Mr. George Economou, pursuant to which Vivid acts as a consultant on financing matters for Ocean Rig and its subsidiaries, Vivid provides the Company with financing-related services such as (i) negotiating and arranging new loan and credit facilities, interest rate swap agreements, foreign currency contracts and forward exchange contracts, (ii) renegotiating existing loan facilities and other debt instruments and, (iii) the raising of equity or debt in the capital markets. In exchange for its services in respect of the Company, Vivid is entitled to a fee equal to 0.20% on the total transaction amount. The consultancy agreement has a term of five years and may be terminated (i) at the end of its term unless extended by mutual agreement of the parties; and (ii) at any time by the mutual agreement of the parties.
	Basset Holdings Inc.: Under the consultancy agreement effective from June 1, 2012, between a wholly owned subsidiary of the Company, and Basset Holdings Inc. ("Basset"), a related party entity incorporated in the Republic of Marshall Islands, Basset provides consultancy services relating to the services of Mr. Anthony Kandylidis in his capacity as Executive Vice-President of Ocean Rig. The annual remuneration to be awarded to Basset under the consultancy agreement is Euro 0.9 million ($1.2 million based on the Euro/U.S. Dollar exchange rate as of June 30, 2014). On August 20, 2013, the Compensation Committee of Ocean Rig approved that a cash bonus of $3.0 million be paid to Basset for the contribution of Mr. Antony Kandylidis services as Executive Vice President.
	Azara Services S.A.: Under the consultancy agreement entered on September 9, 2013 and effective from January 1, 2013, between a wholly owned subsidiary of the Company and Azara Services S.A. ("Azara"), a related party entity incorporated in the Republic of Marshall Islands, Azara provides consultancy services relating to the services of Mr. George Economou in his capacity as Chief Executive Officer of the Company.  The annual remuneration to be awarded to Azara under the consultancy agreement is $2,500. For the period ended June 30, 2014, the Company incurred costs of $1,250 related to this agreement which are included in "General and administrative expenses" in the consolidated statement of operations. In addition, on August 20, 2013, the Company's Compensation Committee approved a sign-on bonus of 150,000 shares of the Company's common stock to Azara, relating to the services of Mr. George Economou as Chief Executive Officer of the Company. The shares vest over a period of two years  with 50,000 shares vesting on the grant date, 50,000 shares vesting on August 20, 2014 and 50,000 vesting on August 20, 2015, respectively. The stock based compensation is being recognized to expenses over the vesting period and based on the fair value of the Ocean Rig's shares on the grant date of $17.56 per share.

Other_Current_Assets

Other Current Assets	6 Months Ended
	Jun. 30, 2014
Other Current Assets [Abstract]	'
Other Current Assets	'
	4. Other Current Assets:
	The amount of other current assets shown in the accompanying unaudited interim condensed consolidated balance sheets is analyzed as follows:
		December 31,			June 30,
			2013		2014
	Inventories	$	8,616	$	7,699
	Deferred mobilization expenses		76,986		101,783
	Prepayments and advances		15,902		19,933
	Insurance claims (Note 14)		435		23,729
	Deferred financing costs		-		19,497
	Other		9,032		15,798
		$	110,971	$	188,439

Advances_for_drillships_under_

Advances for drillships under construction and related costs	6 Months Ended
	Jun. 30, 2014
Advances For Drillships Under Construction And Related Costs [Abstract]	'
Advances for drillships under construction and related costs	'
	5. Advances for drillships under construction and related costs:
	The amounts shown in the accompanying consolidated balance sheets include milestone payments under the shipbuilding contracts with the shipyards, supervision costs and any material related expenses incurred during the construction periods, all of which are capitalized in accordance with the accounting policy discussed in Note 2 of the Consolidated Financial Statements for the year ended December 31, 2013.
	The movement of the account during the six month period ended June 30, 2014 was as follows:
		Balance, December 31, 2013	$	662,313
		Advances for drillships under construction and related costs		631,201
		Drillships delivered		-731,636
		Balance, June 30, 2014	$	561,878
	The Ocean Rig Apollo and the Ocean Rig Santorini, for which the Company has paid $235,656 and $127,000, respectively, to the yard, are scheduled to be delivered in January 2015 and June 2016, respectively.
	On April 8, 2014, two contracts between Drillship Crete Owners Inc. and Drillship Amorgos Owners Inc., two wholly owned subsidiaries of the Company and Samsung Heavy Industries Co., Ltd (“Samsung”) became effective, for the construction of two 7th generation new integrated design drillships at Samsung and paid $76,600 as first installment to the yard for each of the new drillships. The drillships are scheduled to be delivered to the Company in February 2017 and June 2017, respectively. The total project cost is approximately $685,000 per drillship.

Drilling_rigs_drillships_machi

Drilling rigs, drillships, machinery and equipment, net	6 Months Ended
	Jun. 30, 2014
Drilling Rigs, Drillships, Machinery And Equipment, Net [Abstract]	'
Drilling rigs, drillships, machinery and equipment, net	'
	6. Drilling rigs, drillships, machinery and equipment, net:
	The amounts in the accompanying consolidated balance sheets are analyzed as follows:
			Cost		Accumulated Depreciation		Net Book Value
	Balance December 31,2013	$	6,578,940	$	-801,915	$	5,777,025
	Additions / Transfer from drillships under construction		746,126		-		746,126
	Depreciation		-		-156,850		-156,850
	Balance June 30,2014	$	7,325,066	$	-958,765	$	6,366,301
	As of June 30, 2014, all of the Company's operating drilling rigs and drillships have been pledged as collateral to secure bank loans, the Company's 6.50% senior secured notes due 2017 and the term loan B facility (Note 8).

Other_noncurrent_assets

Other non-current assets	6 Months Ended
	Jun. 30, 2014
Other non-current assets [Abstract]	'
Other non-current assets	'
	7. Other non-current assets:
	The amount of other non-current assets shown in the accompanying consolidated balance sheets is analyzed as follows:
				31-Dec-13		30-Jun-14
		Deferred mobilization expenses	$	72,624	$	75,532
		Prepaid investments		21,554		48,097
		Other		7,525		-
		Total	$	101,703	$	123,629

Longterm_Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2014
Long-term Debt [Abstract]	'
Long-term Debt	'
	8. Long-term Debt:
			31-Dec-13		30-Jun-14
	6.5% Senior Secured Notes	$	800,000	$	800,000
	7.25% Senior Unsecured Notes		-		500,000
	9.5% Senior Unsecured Notes		500,000		-
	Senior Secured Credit Facility		890,000		1,288,421
	Term loan B Facility		1,895,250		1,885,750
	Less: Deferred financing costs		-92,014		-76,739
	Total debt		3,993,236		4,397,432
	Less: Current portion		-85,401		-20,880
	Long-term portion	$	3,907,835	$	4,376,552
	6.5% Senior Secured Notes due 2017
	On September 20, 2012, the Company's wholly owned subsidiary Drill Rigs Holdings Inc. ("the Issuer") issued $800,000 aggregate principal amount of 6.50% Senior Secured Notes due 2017 (the "Drill Rigs Senior Notes"), offered in a private offering, resulting in net proceeds of approximately $781,965. The Company used a portion of the net proceeds of the notes to repay the full amount outstanding under its $1,040,000 senior secured credit facility as at September 20, 2012. The Drill Rigs Senior Notes are secured obligations and rank senior in right of payment to any future subordinated indebtedness and equally in right of payment to all of its existing and future unsecured senior indebtedness.
	The Drill Rigs Senior Notes are fully and unconditionally guaranteed by the Company and certain of its existing and future subsidiaries (collectively, the "Issuer Subsidiary Guarantors" and, together with the Company, the "Guarantors").
	Upon a change of control, which occurs if 50% or more of the Company's shares are acquired by any person or group other than DryShips or its affiliates, the Issuer will be required to make an offer to repurchase the Drill Rigs Senior Notes at a price equal to 101% of the principal amount thereof, plus any accrued and unpaid interest thereon to the date of repurchase. On or after October 1, 2015, the Issuer may, at its option, redeem all or a portion of the Drill Rigs Senior Notes, at one time or from time to time at 103.25% (from October 1, 2015 to September 30, 2016) or 100% (October 1, 2016 and thereafter) of the principal amount thereof, plus any accrued and unpaid interest thereon to the date of redemption.
	The Drill Rigs Senior Notes and the Drill Rigs Senior Notes guarantees are secured, on a first priority basis, by a security interest on the Issuer's two semi-submersible offshore drilling rigs, the Leiv Eiriksson and the Eirik Raude and certain other assets of the Issuer and the Issuer Subsidiary Guarantors and by a pledge of the stock of the Issuer and the Issuer Subsidiary Guarantors, subject to certain exceptions. The contractual semi-annual coupon interest rate is 6.5% on the Drill Rigs Senior Notes.
	7.25% Senior Unsecured Notes due 2019
	On March 26, 2014 the Company issued $500,000 aggregate principal amount of 7.25% senior unsecured notes due 2019 (the "7.25% Senior Unsecured Notes"), offered in a private placement, resulting in net proceeds of approximately $493,625. The Senior Notes are unsecured obligations and rank senior in right of payment to any future subordinated indebtedness and equally in right of payment to all of its existing and future unsecured senior indebtedness. The Company used the net proceeds from the offering of the 7.25% Senior Unsecured Notes, together with cash on hand and repurchased $462,300 of its 9.5% Senior Unsecured Notes, of which $500,000 in aggregate principal amount was outstanding prior to closing of the 7.25% Senior Unsecured Notes Offering, at a tender premium of 105.375%, while the remaining $37,700 was redeemed at a redemption price of 104.5% on May 13, 2014.
	The 7.25% Senior Unsecured Notes are not guaranteed by any of the Company's subsidiaries. Upon a change of control, which would occur if 50% or more of the Company's shares are acquired by any person or group other than DryShips or its affiliates, the noteholders will have an option to require the Company to purchase all outstanding notes at a redemption price of 101% of the principal amount thereof plus accrued and unpaid interest to the date of purchase. The contractual semi-annual coupon interest rate is 7.25% per year.
	9.5% Senior Unsecured Notes due 2016
	On April 27, 2011, the Company issued $500,000 aggregate principal amount of its 9.5% senior unsecured notes due 2016 (the "9.5% Senior Unsecured Notes"), offered in a private placement, resulting in net proceeds of approximately $487,500. The 9.5% Senior Unsecured Notes were unsecured obligations and ranked senior in right of payment to any future subordinated indebtedness and equally in right of payment to all of its existing and future unsecured senior indebtedness.
	The 9.5% Senior Unsecured Notes were not guaranteed by any of the Company's subsidiaries. Upon a change of control, which would occur if 50% or more of the Company's shares were acquired by any person or group other than DryShips or its affiliates, the noteholders had an option to require the Company to purchase all outstanding notes at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest to the date of purchase. The contractual semi-annual coupon interest rate was 9.5% per year.
	The 9.5% Senior Unsecured Notes were repurchased or redeemed in connection with the 7.25% Senior Unsecured Notes offering discussed above.
	$1,35 billion Senior Secured Credit Facility
	On March 24, 2014, the Company drew down the remaining undrawn amount of $450,000 under the $1.35 billion senior secured credit facility signed on February 28, 2013, in connection with Ocean Rig Athena delivery.
	On July 25, 2014, the Company's wholly owned subsidiary, Drillships Ocean Ventures Inc. entered into a $1.3 billion Senior Secured Term Loan B (“New Term Loan B”) facility to refinance the $1.35 billion Senior Secured Credit Facility led by DNB, which had a loan balance of approximately $1.3 billion on that date. In line with ASC 470-10-45 "Short-Term Obligations Expected to Be Refinanced" the Company has classified the outstanding balance of its bank loans as at June 30, 2014, in accordance with the terms of the Term loans. Unamortized balance of deferred finance fees associated with the repaid loans, amounted to approximately $19.5 million, was written off in the statement of operations upon the extinguishment of the related debt in July 2014. In addition, restricted cash of $75.0 million associated with the respective loans has been released upon the repayment. The New Term Loan B facility is secured primarily by first priority mortgages on the vessels, Ocean Rig Mylos, Skyros and Athena, bears interest at fixed rate, and matures on July 25, 2021.
	$1,9 billion Term Loan B Facility
	On February 7, 2014, the Company refinanced its then existing short-term Tranche B-2 Term Loans with a fungible add-on to its existing long-term Tranche B-1 Term Loans.  As a result of this refinancing, the total $1.9 billion of Tranche B-1 Term Loans will mature no earlier than the third quarter of 2020.
	The Company's outstanding debt is secured by, among other things, first priority mortgages over the Company's operating and newbuilding drilling units, corporate guarantees, first priority assignments of all freights, earnings, insurances and requisition compensation relating to such drilling units and a pledge of the shares of capital stock of certain of the Company's subsidiaries.
	Certain of our debt instruments contain financial covenants, minimum coverage ratio requirements and minimum liquidity and working capital requirements and restrict, without the bank's prior consent, the Company's and its subsidiaries ability to, among other things, pay dividends over a certain amount, change the management and ownership of its drillships, incur additional indebtedness, incur and create liens on its assets, and change in the general nature of the Company's business and require that the Company maintain an established place of business in the United States or the United Kingdom.
	Total interest and debt amortization cost incurred on long-term debt for the six month periods ended June 30, 2013 and 2014, amounted to $85,436 and $139,241, respectively, of which $31,215 and $18,037, respectively, were capitalized as part of the cost of the drillships under construction. Total interest incurred and amortization of debt issuance cost on long-term debt, net of capitalized interest, are included in "Interest and finance costs" in the accompanying unaudited interim condensed consolidated statements of operations.
	The aggregate available undrawn amounts under the Company's facilities at June 30, 2014, were $0. The Company's weighted average interest rates on the above bank loans and notes were 6.12% and 6.27%, as of June 30, 2013 and 2014, respectively.
	The annual principal payments required to be made after June 30, 2014, taking into consideration the repayment of the Company's $1,35 billion Senior Secured Credit Facility and the New Term Loan B discussed above, totaling $4,474,171, due through July 2020, are as follows:
	30-Jun-15		$28,750
	30-Jun-16		32,000
	30-Jun-17		32,000
	30-Jun-18		832,000
	30-Jun-19		532,000
	June 30, 2020 and thereafter		3,017,421
	Total principal payments		4,474,171
	Less: Deferred financing costs		-76,739
	Total debt		$4,397,432

Financial_Instruments_and_Fair

Financial Instruments and Fair Value Measurements	6 Months Ended
	Jun. 30, 2014
Financial Instruments and Fair Value Measurements [Abstract]	'
Financial Instruments and Fair Value Measurements	'
	9. Financial Instruments and Fair Value Measurements:
	ASC 815, "Derivatives and Hedging" requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the statement of financial position. Effective January 1, 2011, the Company removed the designation of the cash flow hedges and discontinued hedge accounting for the associated interest rate swaps.
	Changes in the fair value of derivative instruments that have not been designated as hedging instruments are reported in the accompanying unaudited interim condensed consolidated statement of operations.
	The Company enters into interest rate swap transactions to manage interest costs and risk associated with changing interest rates with respect to its variable interest rate loans and credit facilities. The Company also enters from time to time into foreign currency forward contracts in order to manage risks associated with fluctuations in foreign currencies. All of the Company's derivative transactions are entered into for risk management purposes.
	As of June 30, 2014, the Company had 9 interest rate swaps outstanding, of $2.0 billion notional amount, maturing from September 2014 through November 2017.
	Tabular disclosure of the financial instruments is as follows:
	Fair Values of Derivative Instruments in the Statements of Financial Position:
	Derivatives not designated as Hedging Instruments	Balance Sheet Location	December 31, 2013 Fair value				June 30, 2014 Fair value
	Interest rate swaps	Financial Instruments non-current assets	$	13,517		$	9,531
	Interest rate swaps	Financial Instruments current liabilities		-30,266			-25,896
	Interest rate swaps	Financial Instruments non-current liabilities		-15,557			-11,309
	Total derivatives		$	-32,306		$	-27,674
	During the six-month periods ended June 30, 2013 and 2014, the losses transferred from accumulated other comprehensive loss in the accompanying unaudited interim condensed consolidated statements of operations were $518 and $517, respectively. The estimated  net amount of existing losses at June 30, 2014, that will be reclassified into earnings within the next twelve months relating to previously designated cash flow hedges is $1,034.
	The effects of derivative instruments not designated or qualifying as hedging instruments on the unaudited interim condensed consolidated statements of operations is as follows:
				Amount of Gain/(Loss)
	Derivatives not designated  as hedging instruments		Location of Gain or (Loss) Recognized	Six-month period ended June 30, 2013		Six-month period ended June 30, 2014
	Interest rate swaps		Gain/ (Loss) on interest rate swaps, net	19,871		-10,167
	Total			19,871		($10,167)
	The carrying amounts of cash and cash equivalents, restricted cash, trade accounts receivable and accounts payable and other current liabilities reported in the consolidated balance sheets approximate their respective fair values because of the short-term nature of these accounts. The carrying value approximates the fair market value for floating rate loans. The carrying value of non- current restricted cash receiving floating interest rate approximates the fair value. The fair value of the interest rate swaps was determined using a discounted cash flow method based on market-based LIBOR swap yield curves, taking into account current interest rates and the creditworthiness of both the financial instrument counterparty and the Company. The Senior Unsecured Notes and the Drill Rigs Senior Notes have a fixed rate and their estimated fair values are determined through Level 2 inputs of the fair value hierarchy (quoted price in the over-the counter market). The fair value of the outstanding balance of the $1.9 billion Term Loan B Facility which has a fixed rate is estimated through Level 2 inputs of the fair value hierarchy by discounting future cash flows using rates currently available for debt with similar terms, credit risk and remaining maturities. The estimated fair value of the above 9.5% Senior Unsecured Notes, Drill Rigs Senior Notes and loans at December 31, 2013, is approximately $531,250, $863,504 and $1,951,790, respectively compared to a carrying value net of finance fees of $493,915, $784,485 and $1,839,170, respectively. The estimated fair value of the above 7.25% Senior Unsecured Notes, Drill Rigs Senior Notes and loans at June 30, 2014, is approximately $501,250, $828,000 and $1,826,474 respectively, compared to a carrying value, net of finance fees, of $491,451, $786,306 and $1,831,254 , respectively.
	The guidance for fair value measurement applies to all assets and liabilities that are being measured and reported on a fair value basis. This guidance enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. The statement requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories.
	Fair value measurements are classified based upon inputs used to develop the measurement under the following hierarchy:
	Level 1--Quoted market prices in active markets for identical assets or liabilities.
	Level 2--Observable market-based inputs or unobservable inputs that are corroborated by market data.
	Level 3--Unobservable inputs that are not corroborated by market data.
	The following table summarizes the valuation of assets and liabilities measured at fair value on a recurring basis as of the valuation date.
			30-Jun-14		Quoted  Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
	Interest rate swaps-asset position	$	9,531		-		9,531	$	-
	Interest rate swaps-liability position		-37,205		-		-37,205		-
	Total	$	-27,674		-		-27,674	$	-

Common_Stock_and_Additional_Pa

Common Stock and Additional Paid-in Capital	6 Months Ended
	Jun. 30, 2014
Common Stock and Additional Paid-in Capital [Abstract]	'
Common Stock and Additional Paid-in Capital	'
	10. Common Stock and Additional Paid-in Capital:
	Dividends
	On May 8, 2014, the Company announced that its Board of Directors declared a quarterly cash dividend with respect to the quarter ended March 31, 2014 of $0.19 per common share, to shareholders on record as of May 20, 2014. The dividend was paid on May 29, 2014.
	Restricted stock awards:
	On February 14, 2012, the Company's Compensation Committee approved the grant of 112,950 shares of non-vested common stock to officers and key employees of the Company's subsidiary, Ocean Rig AS, as a bonus for their services rendered during 2011. The shares vest over a period of three years. The stock-based compensation is being recognized to expenses over the vesting period and based on the fair value of the shares on the grant date of $16.50 per share.
	On March 21, 2012, the Company's Board of Directors approved the 2012 Equity Incentive Plan (the "Plan") and reserved a total of 2,000,000 common shares. Under the Plan, officers, key employees, and directors are eligible to receive awards of stock options, stock appreciation rights, restricted stock, restricted stock units, phantom stock units and unrestricted stock.
	On May 15, 2012, Ocean Rig's Compensation Committee approved the grant of: a) 4,500 shares of non-vested common stock to an officer as an additional bonus for his services rendered during 2011 and, b) 28,200 shares to new recruited employees as a sign-up stock bonus. The shares vest over a period of three years. The stock-based compensation is being recognized to expenses over the vesting period and based on the fair value of the Ocean Rig shares on the grant date of $15.92 per share.
	On December 5, 2012, 7,500 shares were awarded to an officer of the Company. The fair value of the shares on the grant date was $15.75 and the shares vested in March 2013.
	On May 16, 2013, the Company's Compensation Committee approved the grant of 192,400 shares of non-vested common stock to the Company's employees. The shares vest over a period of three years. The stock-based compensation is being recognized to expenses over the vesting period and based on the fair value of the Ocean Rig shares on the grant date of $16.90 per share.
	On August 20, 2013, the Company's Compensation Committee approved a sign-on bonus of 150,000 shares of the Company's common stock to Azara, pursuant to a consultancy agreement with Azara effective January 1, 2013, relating to the services of Mr. George Economou as Chief Executive Officer of the Company. The shares vest over a period of two years  with 50,000 shares vesting on the grant date, 50,000 shares vesting on August 20, 2014 and 50,000 vesting on August 20, 2015, respectively. The stock based compensation is being recognized to expenses over the vesting period and based on the fair value of the Ocean Rig shares on the grant date of $17.56 per share.
	On March 31, 2014, Ocean Rig's Compensation Committee approved the grant of 153,700 shares of non-vested common stock to employees of Ocean Rig. The shares vest over a period of three years. The stock-based compensation is being recognized to expenses over the vesting period and based on the fair value of the Ocean Rig shares on the grant date of $17.79 per share.
	Dividends of $0.19 per share were declared and paid to the non-vested shares during May 2014.
	As of June 30, 2014, 123,683 shares have vested, while 119,900 shares were forfeited due to employees' resignations.
	The movement during the six-month period ended June 30, 2014, is presented below:
		Number of non vested shares		Weighted average grant date fair value per non vested shares
	Balance December 31, 2013	239,867		17.15
	Granted	153,700		17.79
	Forfeited	-26,850		16.49
	Balance June 30, 2014	366,717	$	17.47
	As of December 31, 2013 and June 30, 2014, there was $2,724 and $3,717 of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted by the Company, respectively. That cost is expected to be recognized over a period of 2 years. The amounts of $591 and $1,655 represent the stock based compensation expense for each period accordingly and are recorded in "General and administrative expenses", in the accompanying unaudited interim condensed consolidated statements of operations for the periods ended June 30, 2013 and 2014, respectively.

Income_Tax

Income Tax	6 Months Ended
	Jun. 30, 2014
Income Tax [Abstract]	'
Income Tax	'
	11. Income Tax:
	Ocean Rig UDW operates through its various subsidiaries in a number of countries throughout the world. Income taxes have been provided based upon the tax laws and rates in the countries in which operations are conducted and income is earned. The countries in which the Company operates have taxation regimes with varying nominal rates, deductions, credits and other tax attributes. Consequently, there is not an expected relationship between the provision for/or benefit from income taxes and income or loss before income taxes.

Interest_and_Finance_Cost

Interest and Finance Cost	6 Months Ended
	Jun. 30, 2014
Interest and Finance Cost [Abstract]	'
Interest and Finance Cost	'
	12. Interest and Finance Cost:
	The amounts in the accompanying unaudited interim condensed consolidated statements of operations are analyzed as follows:
			Six-month period ended June 30,
		2013			2014
	Interest on long-term debt, including amortization of financing costs	$	85,436	$	139,241
	Capitalized borrowing costs		-31,215		-18,037
	Premium on 9,5% Senior Unsecured Notes (Note 8)		-		26,546
	Bank charges and other financial expenses		10,598		2,733
	Total	$	64,819	$	150,483

Earnings_per_share

Earnings per share	6 Months Ended
	Jun. 30, 2014
Earnings per share :	'
Earnings per share	'
	13. Earnings per share
		Six-month period ended June 30,
		2013			2014
		Income (numerator)	Weighted- average number of outstanding shares (denominator)	Amount per share	Income (numerator)	Weighted- average number of outstanding shares (denominator)	Amount per share
	Net income	$45,138	-	-	$68,050	-	-
	Less: Non-vested common stock dividends declared and undistributed earnings	-40	-	-	-194
	Basic and diluted EPS Income attributable to common stockholders	$45,098	131,705,782	$0.34	$67,856	131,837,490	$0.51
	Non-vested share-based payment awards that contain rights to receive non forfeitable dividends or dividend equivalents (whether paid or unpaid) and participate equally in undistributed earnings are participating securities and, thus, are included in the two-class method of computing earnings per share for the six-months period ended June 30, 2013 and 2014. The non-vested participating restricted common stock were not included in the computation of diluted earnings per share because the effect is anti-dilutive.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	14. Commitments and Contingencies:
	14.1 Legal proceedings:
	Various claims, suits, and complaints, including those involving government regulations and product liability, arise in the ordinary course of the offshore drilling business.
	The Company has obtained insurance for the assessed market value of the rigs and the drillships. However, such insurance coverage may not provide sufficient funds to protect the Company from all liabilities that could result from its operations in all situations. Risks against which the Company may not be fully insured or insurable for include environmental liabilities, which may result from a blow-out or similar accident, or liabilities resulting from reservoir damage alleged to have been caused by the negligence of the Company.
	The Company's loss of hire insurance coverage does not protect against loss of income from day one. It covers approximately one year for the loss of time but will be effective after 45 days' off-hire. During 2012, the Ocean Rig Corcovado incurred off-hire due to a failure in one of its engines which was a covered event under the loss of hire policy that resulted in $24.6 million being recognized as revenue during the year ended December 31, 2012. The amount of $24.6 million was reimbursed by the insurers to the Company in August 2012. During 2014, the Ocean Rig Corcovado incurred off-hire for the same event and as a result an additional amount of $20.2 million for the above covered event was recognized as revenue during the six-month period ended June 30, 2014 and was reimbursed during the same period.
	The occurrence of casualty or loss, against which the Company is not fully insured, could have a material adverse effect on the Company's results of operations and financial condition.
	As part of the Company's normal course of operations, the Company's customers may disagree on amounts due to the Company under the provision of the contracts which are normally settled through negotiations with the customer. Disputed amounts are normally reflected in revenues at such time as the Company reaches agreement with the customer on the amounts due. During 2014, the Ocean Rig Mylos incurred off-hire due to damage to the blow-out-preventer stack during testing, which was a covered event under the loss of hire policy that resulted in $23.3 million being recognized as revenue during the year six-month period ended June 30, 2014.
	On May 10, 2013, Drillship Hydra Owners Inc., being the owning company of the drillship Ocean Rig Corcovado, filed a claim against Capricorn Greenland Exploration 1 Limited and Cairn Energy Plc with the High Court in London in connection with the loss of daily earnings and cost of repair for the blowout preventer of the Ocean Rig Corcovado in June and July 2011. In July 2013, the Company reached an out of court commercial agreement with Capricorn Greenland Exploration 1 Limited and Cairn Energy Plc to receive compensation amounting to $5.0 million, and a Settlement Agreement and Release dated September 12, 2013 was entered into and the relevant claim filed in the High Court in London, U.K. was dropped. In this respect, the Company, having previously recognized a receivable of $11.0 million, recorded a charge of $6.0 million in June 2013 in the respective consolidated statement of operations.
	Except for the matters discussed above, the Company is not a party to any material litigation where claims or counterclaims have been filed against the Company other than routine legal proceedings incidental to its business.
	14.2 Purchase Obligations:
	The following table sets forth the Company's contractual purchase obligations as of June 30, 2014.
			Within 1 year		Within 2 years	Within 3 years	Total
	Drillships shipbuilding contracts	$	502,700		498,200	928,000	1,928,900
	Total obligations	$	502,700	-	498,200	928,000	1,928,900

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	15. Subsequent Events:
	15.1 On July 21, 2014, the Company announced that its Board of Directors declared a quarterly cash dividend with respect to the quarter ended June 30, 2014 of $0.19 per common share, to shareholders on record as of August 01, 2014 and payable on or about August 11, 2014.
	15.2 On July 25, 2014, the Company entered into a $1.3 billion Senior Secured Term Loan B facility to refinance the $1.35 billion Senior Secured Credit Facility (Note 8), which had a balance of approximately $1.3 billion on that date. Consequently, an amount of $75 million which was previously restricted under the $1.35 billion facility was released to the Company. The new Term Loan B facility is secured primarily by first priority mortgages on the drillships, Ocean Rig Mylos, Ocean Rig Skyros and Ocean Rig Athena, bears interest at fixed rate, and matures on July 25, 2021.

Significant_Accounting_policie1

Significant Accounting policies (Policy)	6 Months Ended
	Jun. 30, 2014
Significant Accounting policies [Abstract]	'
New accounting pronouncements	'
	New accounting pronouncements
	Revenue from Contracts with Customers: The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively, the “Boards”) jointly issued a standard in May 2014 that will supersede virtually all of the existing revenue recognition guidance in US GAAP and International Financial Reporting Standards (“IFRS”) and is effective for annual periods beginning on or after January 1, 2017. The standard establishes a five-step model that will apply to revenue earned from a contract with a customer (with limited exceptions), regardless of the type of revenue transaction or the industry. The standard's requirements will also apply to the recognition and measurement of gains and losses on the sale of some non-financial assets that are not an output of the entity's ordinary activities (e.g., sales of property, plant and equipment or intangibles). Extensive disclosures will be required, including disaggregation of total revenue; information about performance obligations; changes in contract asset and liability account balances between periods and key judgments and estimates. The guidance in Accounting Standard Update (“ASU”) 2014-09 Revenue from Contracts with Customers (Topic 606) supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, this ASU supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. Management is in the process of accessing the impact of the new standard on Company's financial position and performance.

Recovered_Sheet1

Transactions with Related Parties (Tables)	6 Months Ended
	Jun. 30, 2014
Transactions with Related Parties [Abstract]	'
Schedule of related party transactions	'
				December 31,		June 30,
			2013			2014
		Balance Sheet
		Advances for drillships under construction and related costs	$	1,185	$	1,546
		Drilling rigs, drillships, machinery and equipment, net	$	5,692	$	2,885
				Six-month period ended June 30,
		Statement of Operations		2013		2014
			$		$
		Service Revenue, net - Cardiff Drilling Inc.		-4,198		-7,729
		General and administrative expenses:
		-Vivid Finance Limited		5,738		5,706
		-Azara		-		1,250
		-Basset		566		616
		-Amortization of CEO's stock based compensation	$	-	$	653

Other_Current_Assets_Tables

Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2014
Other Current Assets [Abstract]	'
Other Current Assets	'
		December 31,			June 30,
			2013		2014
	Inventories	$	8,616	$	7,699
	Deferred mobilization expenses		76,986		101,783
	Prepayments and advances		15,902		19,933
	Insurance claims (Note 14)		435		23,729
	Deferred financing costs		-		19,497
	Other		9,032		15,798
		$	110,971	$	188,439

Advances_for_drillships_under_1

Advances for drillships under construction and related costs (Tables)	6 Months Ended
	Jun. 30, 2014
Advances For Drillships Under Construction And Related Costs [Abstract]	'
Advances for drillships under construction and related costs	'
		Balance, December 31, 2013	$	662,313
		Advances for drillships under construction and related costs		631,201
		Drillships delivered		-731,636
		Balance, June 30, 2014	$	561,878

Drilling_rigs_drillships_machi1

Drilling rigs, drillships, machinery and equipment, net (Tables)	6 Months Ended
	Jun. 30, 2014
Drilling Rigs, Drillships, Machinery And Equipment, Net [Abstract]	'
Drilling rigs, drillships, machinery and equipment, net	'
			Cost		Accumulated Depreciation		Net Book Value
	Balance December 31,2013	$	6,578,940	$	-801,915	$	5,777,025
	Additions / Transfer from drillships under construction		746,126		-		746,126
	Depreciation		-		-156,850		-156,850
	Balance June 30,2014	$	7,325,066	$	-958,765	$	6,366,301

Other_noncurrent_assets_Tables

Other non-current assets (Tables)	6 Months Ended
	Jun. 30, 2014
Other non-current assets [Abstract]	'
Other non-current assets	'
				31-Dec-13		30-Jun-14
		Deferred mobilization expenses	$	72,624	$	75,532
		Prepaid investments		21,554		48,097
		Other		7,525		-
		Total	$	101,703	$	123,629

Longterm_Debt_Tables

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2014
Long-term Debt [Abstract]	'
Long-term debt	'
			31-Dec-13		30-Jun-14
	6.5% Senior Secured Notes	$	800,000	$	800,000
	7.25% Senior Unsecured Notes		-		500,000
	9.5% Senior Unsecured Notes		500,000		-
	Senior Secured Credit Facility		890,000		1,288,421
	Term loan B Facility		1,895,250		1,885,750
	Less: Deferred financing costs		-92,014		-76,739
	Total debt		3,993,236		4,397,432
	Less: Current portion		-85,401		-20,880
	Long-term portion	$	3,907,835	$	4,376,552
Annual principal payments	'
	30-Jun-15		$28,750
	30-Jun-16		32,000
	30-Jun-17		32,000
	30-Jun-18		832,000
	30-Jun-19		532,000
	June 30, 2020 and thereafter		3,017,421
	Total principal payments		4,474,171
	Less: Deferred financing costs		-76,739
	Total debt		$4,397,432

Financial_Instruments_and_Fair1

Financial Instruments and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2014
Financial Instruments and Fair Value Measurements [Abstract]	'
Fair Values of Derivative Instruments in the Statement of Financial Position and Statement of Operations	'
	Derivatives not designated  as Hedging Instruments		Balance Sheet Location		December 31, 2013 Fair value	June 30, 2014 Fair value
	Interest rate swaps		Financial Instruments non-current assets		$13,517	$9,531
	Interest rate swaps		Financial Instruments current liabilities		-30,266	-25,896
	Interest rate swaps		Financial Instruments non-current liabilities		-15,557	-11,309
	Total derivatives				($32,306)	($27,674)
					Amount of Gain/(Loss)
	Derivatives not designated  as hedging instruments		Location of Gain or (Loss) Recognized		Six-month period ended June 30, 2013	Six-month period ended June 30, 2014
	Interest rate swaps		Gain/ (Loss) on interest rate swaps, net		19,871	-10,167
	Total			$	19,871	($10,167)
Recurring measurements	'
			30-Jun-14		Quoted  Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
	Interest rate swaps-asset position	$	9,531		-	9,531	$	-
	Interest rate swaps-liability position		-37,205		-	-37,205		-
	Total	$	-27,674		-	-27,674	$	-

Common_Stock_and_Additional_Pa1

Common Stock and Additional Paid-in Capital (Tables)	6 Months Ended
	Jun. 30, 2014
Common Stock and Additional Paid-in Capital [Abstract]	'
Shareholders' equity	'
		Number of non vested shares		Weighted average grant date fair value per non vested shares
	Balance December 31, 2013	239,867		17.15
	Granted	153,700		17.79
	Forfeited	-26,850		16.49
	Balance June 30, 2014	366,717	$	17.47

Interest_and_Finance_Cost_Tabl

Interest and Finance Cost (Tables)	6 Months Ended
	Jun. 30, 2014
Interest and Finance Cost [Abstract]	'
Interest And Finance Cost	'
			Six-month period ended June 30,
		2013			2014
	Interest on long-term debt, including amortization of financing costs	$	85,436	$	139,241
	Capitalized borrowing costs		-31,215		-18,037
	Premium on 9,5% Senior Unsecured Notes (Note 8)		-		26,546
	Bank charges and other financial expenses		10,598		2,733
	Total	$	64,819	$	150,483

Earnings_per_share_Tables

Earnings per share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings per share :	'
Schedule of Earnigns per share	'
		Six-month period ended June 30,
		2013			2014
		Income (numerator)	Weighted- average number of outstanding shares (denominator)	Amount per share	Income (numerator)	Weighted- average number of outstanding shares (denominator)	Amount per share
	Net income	$45,138	-	-	$68,050	-	-
	Less: Non-vested common stock dividends declared and undistributed earnings	-40	-	-	-194
	Basic and diluted EPS Income attributable to common stockholders	$45,098	131,705,782	$0.34	$67,856	131,837,490	$0.51

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies [Abstract]	'
Purchase obligations	'
			Within 1 year		Within 2 years	Within 3 years	Total
	Drillships shipbuilding contracts	$	502,700		498,200	928,000	1,928,900
	Total obligations	$	502,700	-	498,200	928,000	1,928,900

Transaction_with_Related_Parti

Transaction with Related Parties - Balance Sheet (Table) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Advances for drillships under construction and related costs	$561,878	$662,313
Drilling rigs, drillships, machinery and equipment, net	6,366,301	5,777,025
Related party	'	'
Advances for drillships under construction and related costs	1,546	1,185
Drilling rigs, drillships, machinery and equipment, net	$2,885	$5,692

Transaction_with_Related_Parti1

Transaction with Related Parties - Statement of Operations (Table) (Details) (USD $)	6 Months Ended		18 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
Cardiff Drilling Inc.	'	'	'
Service Revenue, net	($7,729)	($4,198)	'
Vivid Finance Limited	'	'	'
General and administrative expenses:	'	'	'
Consultancy / Management fees	5,706	5,738	'
Azara	'	'	'
General and administrative expenses:	'	'	'
Consultancy / Management fees	1,250	0	2,500
Basset	'	'	'
General and administrative expenses:	'	'	'
Consultancy / Management fees	616	566	'
Chairman, President and Chief Executive Officer	'	'	'
General and administrative expenses:	'	'	'
Amortization of CEO's stock based compensation	$653	$0	'

Transactions_with_Related_Part1

Transactions with Related Parties - GSA, Vivid, Basset,Azara, (Details)

6 Months Ended

18 Months Ended

0 Months Ended

25 Months Ended

0 Months Ended

6 Months Ended

18 Months Ended

In Thousands, except Share data, unless otherwise specified

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Aug. 20, 2013

Jun. 30, 2014

Jun. 30, 2014

Aug. 20, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Aug. 20, 2015

Aug. 20, 2014

USD ($)

USD ($)

New Management Agreement with Cardiff Drilling

Vivid - New consultancy agreement

Basset - Consultancy Agreement

Basset - Consultancy Agreement

Basset - Consultancy Agreement

Azara Services S.A.

Azara Services S.A.

Azara Services S.A.

Azara Services S.A.

Azara Services S.A.

Azara Services S.A.

USD ($)

USD ($)

EUR (€)

USD ($)

USD ($)

USD ($)

USD ($)

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Commissions in connection with employment arrangements

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

Commission on purchase and sale activities

'

'

0.75%

'

'

'

'

'

'

'

'

'

'

Commission on financing related services

'

'

'

0.20%

'

'

'

'

'

'

'

'

'

Duration of consultancy agreement

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

Annual renumeration

'

'

'

'

'

$1,200

€ 900

'

$1,250

$0

$2,500

'

'

Sign on bonus

'

'

'

'

$3,000

'

'

'

'

'

'

'

'

Vesting period

'

'

'

'

'

'

'

'2 years

'

'

'

'

'

Shares granted

153,700

'

'

'

'

'

'

150,000

'

'

'

'

'

Common stock par value

$0.01

$0.01

'

'

'

'

'

$17.56

'

'

'

'

'

Shares vested in period

'

'

'

'

'

'

'

'

'

'

'

50,000

50,000

Shares vested on grant date

'

'

'

'

'

'

'

50,000

'

'

'

'

'

Other_Current_Assets_Table_Det

Other Current Assets (Table) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other Current Assets [Abstract]	'	'
Inventories	$7,699	$8,616
Deferred mobilization expenses	101,783	76,986
Prepayments and advances	19,933	15,902
Insurance claims (Note 14)	23,729	435
Deferred financing costs	19,497	0
Other	15,798	9,032
Total	$188,439	$110,971

Advances_for_drillships_under_2

Advances for drillships under construction and related costs (Table) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Advances For Drillships Under Construction And Related Costs [Abstract]	'
Balance at beginning of year	$662,313
Advances for drillships under construction and related costs	631,201
Drillships delivered	-731,636
Balance at end of year	$561,878

Advances_for_drillships_under_3

Advances for drillships under construction and related costs (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Payments for each of the new drillships	$232,355	$83,819
Ocean Rig Apollo	'	'
Price per drillship	235,656	'
Drillships delivery	'January 2015	'
Ocean Rig Santorini	'	'
Price per drillship	127,000	'
Drillships delivery	'June 2016	'
Drillship Crete Owners Inc. and Drillship Amorgos Owners Inc.	'	'
Price per drillship	685,000	'
Payments for each of the new drillships	$76,600	'
Drillships Crete Owners Inc.	'	'
Drillships delivery	'February 2017	'
Drillships Amorgos Owners Inc.	'	'
Drillships delivery	'June 2017	'

Drilling_rigs_drillships_machi2

Drilling rigs, drillships, machinery and equipment, net (Table) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified			Cost	Accumulated Depreciation	Net Book Value
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Balance	$6,366,301	$5,777,025	$6,578,940	($801,915)	$5,777,025
Additions / Transfer from drillships under construction	'	'	746,126	0	746,126
Depreciation	'	'	0	-156,850	-156,850
Balance	$6,366,301	$5,777,025	$7,325,066	($958,765)	$6,366,301

Other_noncurrent_assets_Table_

Other non-current assets (Table) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other non-current assets [Abstract]	'	'
Deferred mobilization expenses	$75,532	$72,624
Prepaid investments	48,097	21,554
Other	0	7,525
Total	$123,629	$101,703

Longterm_Debt_Table_Details

Long-term Debt (Table) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Senior Secured Credit Facility	$1,288,421	$890,000
Term loan B Facility	1,885,750	1,895,250
Less: Deferred financing costs	-76,739	-92,014
Total debt	4,397,432	3,993,236
Less: Current portion	-20,880	-85,401
Long-term portion	4,376,552	3,907,835
6.5% Senior Secured Notes due 2017	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	800,000	800,000
7.25% Senior Unsecured Notes	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	500,000	0
9.5% Senior Unsecured Notes due 2016	'	'
Debt Instrument [Line Items]	'	'
Senior Notes	$0	$500,000

Longterm_Debt_Principal_Paymen

Long-term Debt - Principal Payments (Table) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Long-term Debt, by Maturity [Abstract]	'	'
30-Jun-15	$28,750	'
30-Jun-16	32,000	'
30-Jun-17	32,000	'
30-Jun-18	832,000	'
30-Jun-19	532,000	'
June 30, 2020 and thereafter	3,017,421	'
Total principal payments	4,474,171	'
Less: Deferred financing costs	-76,739	-92,014
Total debt	$4,397,432	$3,993,236

Longterm_Debt_Senior_Notes_Det

Long-term Debt - Senior Notes (Details) (USD $)

Sep. 20, 2012

Mar. 24, 2014

Jul. 25, 2014

Jul. 25, 2014

Apr. 27, 2011

Jun. 30, 2014

Sep. 20, 2012

Oct. 01, 2016

Oct. 01, 2015

Mar. 26, 2014

Jun. 30, 2014

13-May-14

In Thousands, unless otherwise specified

Senior Secured Credit Facility repaid

$1.35 billion Senior Secured Credit Facility

Refinance $1.35 billion Senior Secured Term Loan Facility

New term loan B

9.5% Senior Unsecured Notes due 2016

9.5% Senior Unsecured Notes due 2016

6.5% Senior Secured Notes due 2017

6.5% Senior Secured Notes due 2017

6.5% Senior Secured Notes due 2017

7.25% Senior Unsecured Notes

7.25% Senior Unsecured Notes

7.25% Senior Unsecured Notes

Senior Secured Credit Facility repaid

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Principal amount

$1,040,000

'

'

'

'

'

'

'

'

'

'

'

Senior notes interest rate

'

'

'

'

9.50%

'

6.50%

'

'

7.25%

'

'

Proceeds from issuance of senior notes

'

'

'

'

487,500

'

781,965

'

'

493,625

'

'

Redemption price of senior note as a percentage of principal amount

'

'

'

'

100.00%

'

101.00%

100.00%

103.25%

101.00%

105.38%

104.50%

Senior Notes Payable

'

'

'

'

'

'

'

'

'

'

'

37,700

Amount used for repayment of debt

'

'

'

'

'

462,300

'

'

'

'

'

'

Credit facility amount drawn down

'

450,000

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

'

1,300,000

'

'

'

'

'

'

'

'

'

Release of restricted cash upon the repayment

'

'

75,000

'

'

'

'

'

'

'

'

'

Write off of deferred finance fees

'

'

$19,500

'

'

'

'

'

'

'

'

'

Debt Instrument Interest Rate Terms

'

'

'

'Fixed rate

'

'

'

'

'

'

'

'

Maturity date

'

'

'

25-Jul-21

'

'

'

'

'

'

'

'

Longterm_Debt_Term_bank_loans_

Long-term Debt - Term bank loans/ Credit facilities (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Debt Instrument [Line Items]	'
Maturity Date Of Loan	'Q3 2020
Tranche B1 term loans	'
Debt Instrument [Line Items]	'
Line of Credit Facility, Maximum Borrowing Capacity	1,900,000

Longterm_Debt_Additional_Infor

Long-term Debt - Additional Information (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Debt [Abstract]	'	'
Capitalized interest	$18,037	$31,215
Interest expense	139,241	85,436
Weighted average interest rate	6.27%	6.12%
Available amount of loan facility	$0	'

Financial_Instruments_and_Fair2

Financial Instruments and Fair Value Measurements - Derivatives Not Designated as Hedging Instruments in the Statement of Financial Position (Table) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Financial Instruments non-current assets	$9,531	$13,517
Financial Instruments current liabilities	-25,896	-30,266
Financial Instruments-non current liabilities	-11,309	-15,557
Total derivatives	-27,674	-32,306
Interest rate swaps	'	'
Financial Instruments non-current assets	9,531	13,517
Financial Instruments current liabilities	-25,896	-30,266
Financial Instruments-non current liabilities	($11,309)	($15,557)

Financial_Instruments_and_Fair3

Financial Instruments and Fair Value Measurements - Derivatives Not Designated as Hedging Instruments on the Consolidated Statement of Operation (Table) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Derivative [Line Items]	'	'
Gain/ (Loss) on interest rate swaps, net	($10,167)	$19,871
Total	-10,167	19,871
Interest rate swaps	'	'
Derivative [Line Items]	'	'
Gain/ (Loss) on interest rate swaps, net	($10,167)	$19,871

Financial_Instruments_and_Fair4

Financial Instruments and Fair Value Measurements - Measured on a Recurring Basis (Table) (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps-asset position	$9,531	$13,517
Interest rate swaps-liability position	-37,205	'
Total	-27,674	-32,306
Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps-asset position	0	'
Interest rate swaps-liability position	0	'
Total	0	'
Significant Other Observable Inputs (Level 2)	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps-asset position	9,531	'
Interest rate swaps-liability position	-37,205	'
Total	-27,674	'
Unobservable Inputs (Level 3)	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Interest rate swaps-asset position	0	'
Interest rate swaps-liability position	0	'
Total	$0	'

Financial_Instruments_and_Fair5

Financial Instruments and Fair Value Measurements - Interest Rate Swaps (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Interest rate swaps and cap floor agreements:	'	'
Reclassification of losses on previously designated cash flow hedges associated with capitalized interest to depreciation and amortization	$517	$518
Estimated net amount of existing losses to be reclassified within twelve months	1,034	'
Interest Rate Swaps	'	'
Interest rate swaps and cap floor agreements:	'	'
Number of interest rate swap held	9	'
Notional amount of interest rate swaps	$2,000,000	'

Financial_Instruments_and_Fair6

Financial Instruments and Fair Value Measurements - Senior Notes and Credit Facilities (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
7.25% Senior Unsecured Notes	'	'
Senior notes and credit facilities:	'	'
Senior notes, estimated fair value	$501,250	'
Senior notes, carrying value net of financing fees	491,451	'
9.5% Senior Unsecured Notes due 2016	'	'
Senior notes and credit facilities:	'	'
Senior notes, estimated fair value	'	531,250
Senior notes, carrying value net of financing fees	'	493,915
Drill Rigs Senior Notes	'	'
Senior notes and credit facilities:	'	'
Senior notes, estimated fair value	828,000	863,504
Senior notes, carrying value net of financing fees	786,306	784,485
Loans	'	'
Senior notes and credit facilities:	'	'
Senior notes, estimated fair value	1,826,474	1,951,790
Senior notes, carrying value net of financing fees	$1,831,254	$1,839,170

Common_Stock_and_Additional_Pa2

Common Stock and Additional Paid-in Capital - Vested and Non Vested Shares (Table) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Number of non vested shares	'
Balance	239,867
Granted	153,700
Forfeited	-26,850
Balance	366,717
Weighted average grant date fair value per non vested shares	'
Balance	$17.15
Granted	$17.79
Forfeited	$16.49
Balance	$17.47

Common_Stock_and_Additional_Pa3

Common Stock and Additional Paid-in Capital - Restricted Stock Awards (Details) (USD $)

0 Months Ended

6 Months Ended

1 Months Ended

4 Months Ended

11 Months Ended

4 Months Ended

3 Months Ended

4 Months Ended

0 Months Ended

In Thousands, except Share data, unless otherwise specified

29-May-14

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Mar. 21, 2012

Feb. 14, 2012

15-May-12

Dec. 05, 2012

15-May-12

Mar. 31, 2014

16-May-13

Aug. 20, 2013

Aug. 20, 2015

Aug. 20, 2014

Officers and key employees of Ocean Rig AS

Officer

Officer

Sign-up bonus

Employees

Employees

Azara Services S.A.

Azara Services S.A.

Azara Services S.A.

Shares granted

'

153,700

'

'

'

112,950

4,500

7,500

28,200

153,700

192,400

150,000

'

'

Vesting period

'

'

'

'

'

'3 years

'3 years

'

'3 years

'3 years

'3 years

'2 years

'

'

Vested In Period

'

'

'

'

'

'

'

'

'

'

'

'

50,000

50,000

Shares vested on grant date

'

'

'

'

'

'

'

'

'

'

'

50,000

'

'

Grant date fair value

'

'

'

'

'

$16.50

$15.92

$15.75

$15.92

$17.79

$16.90

$17.56

'

'

Number of vested shares

'

123,683

'

'

'

'

'

'

'

'

'

'

'

'

Number of forfeited shares

'

119,900

'

93,050

'

'

'

'

'

'

'

'

'

'

Unrecognized compensation cost

'

$3,717

'

$2,724

'

'

'

'

'

'

'

'

'

'

Expected period of recognition for unrecognized compensation costs

'

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

Compensation cost allocated in "General and administrative expenses"

'

$1,655

$591

'

'

'

'

'

'

'

'

'

'

'

Shares authorized under Equity Plan

'

'

'

'

2,000,000

'

'

'

'

'

'

'

'

'

Share price of dividend paid

$0.19

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest_and_Finance_costs_Tab

Interest and Finance costs (Table) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Interest and Finance Cost [Abstract]	'	'
Interest on long-term debt, including amortization of financing costs	$139,241	$85,436
Capitalized borrowing costs	-18,037	-31,215
Premium on 9.5% Senior Unsecured Notes (Note 8)	26,546	0
Bank charges and other financial expenses	2,733	10,598
Total	$150,483	$64,819

Earnings_per_share_Table_Detai

Earnings per share (Table) (Details) (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Earnings per share :	'	'
Net income	$68,050	$45,138
Less: Non-vested common stock dividends declared and undistributed earnings	-194	-40
Income (numerator)	$67,856	$45,098
Weighted-average number of outstanding shares (denominator)	131,837,490	131,705,782
Basic and diluted EPS Income attributable to common stockholders	$0.51	$0.34

Commitments_and_Contingencies_1

Commitments and Contingencies - Purchase Obligations (Table) (Details) (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified
Unrecorded Unconditional Purchase Obligation [Line Items]	'
Within 1 year	$502,700
Within 2 years	498,200
Within 3 years	928,000
Total	1,928,900
Drillship shipbuilding contracts	'
Unrecorded Unconditional Purchase Obligation [Line Items]	'
Within 1 year	502,700
Within 2 years	498,200
Within 3 years	928,000
Total	$1,928,900

Commitments_and_Contingencies_2

Commitments and Contingencies - Legal proceedings (Details) (USD $)	6 Months Ended			1 Months Ended	12 Months Ended		6 Months Ended	12 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jul. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2014	Dec. 31, 2012	Jun. 30, 2014
				Capricorn Greenland Exploration 1 Limited and Cairn Energy Plc.	Capricorn Greenland Exploration 1 Limited and Cairn Energy Plc.	Capricorn Greenland Exploration 1 Limited and Cairn Energy Plc.	Ocean Rig Corcovado	Ocean Rig Corcovado	Ocean Rig Mylos
Legal Matters and Contingencies [Line Items]	'	'	'	'	'	'	'	'	'
Legal Settlements And Other	$1,588	$6,000	'	'	$6,000	'	'	'	'
Proceeds from legal settlements	'	'	'	5,000	'	'	'	'	'
Insurance recoveries	802,197	506,279	'	'	'	'	20,200	24,600	23,300
Allowance for doubtful receivables	2,948	'	2,948	'	'	'	'	'	'
Previously recoginsed insurance claim	'	'	'	'	'	$11,000	'	'	'

Subsequent_Events_Loan_Facilit

Subsequent Events - Loan Facility (Details) (USD $)	Jul. 31, 2014	Jun. 30, 2014	Jun. 30, 2013	Jul. 25, 2014	Jul. 25, 2014
In Thousands, except Per Share data, unless otherwise specified				New Senior Secured Term Loan B Facility to refinance $1.35 billion Senior Secured Credit Facility	$1.35 billion Senior Secured Credit Facility
Subsequent Event [Line Items]	'	'	'	'	'
Share price of dividend declared	$0.19	$0.19	$0	'	'
Senior Secured Term Loan B facility	'	'	'	$1,300,000	'
Approximate outstanding balance	'	'	'	'	1,300,000
Restricted Cash Released For Repayment Of Loan	'	'	'	$75,000	'
Debt Instrument Interest Rate Terms	'	'	'	'Fixed rate	'
Maturity date	'	'	'	25-Jul-21	'