Ocean Rig reported a loss for the third quarter while seeing a substantial drop in revenue.
The Cayman Islands-based drilling unit owner posted net loss of $234m for the quarter, down from net income of $38.9m a year earlier.
Ocean Rig's revenue declined 40% to $200m from the same period last year. Adjusted operating income fell 45% to $120.4m.
The company in September completed a debt restructuring plan after going bankrupt that let it wipe out some $3.7bn
