Ocean Rig UDW Inc Salary

As of August 2026, the average hourly salary for employees at Ocean Rig UDW Inc in the United States is $58. This translates to an approximate annual wage of $120,458. Salaries at Ocean Rig UDW Inc typically range from $51 to $65 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Ocean Rig UDW Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Ocean Rig UDW Inc. Based on our data, the highest paying job is the Manager, Human Resources, with an hourly wage of $63. The table below outlines the hourly wage ranges for most popular roles within the company.
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Current Job Openings at Ocean Rig UDW Inc

Ready for your next career move? Explore current job openings at Ocean Rig UDW Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Ocean Rig UDW Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Ocean Rig UDW Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
CanElson Drilling Inc $57
-2.4%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Alyeska Pipeline Service Co $62
+6.4%
Influenced by prevailing union wage agreements specific to Alyeska Pipeline Service Co's sector.
Canrig Drilling Technology Ltd $55
-5.3%
Canrig Drilling Technology Ltd likely leverages performance bonuses over the high base salary shown here.
Pacific Drilling $59
+1.1%
Confirms Pacific Drilling is a direct competitor vying for the exact same talent pool.
Energy & Utilities Industry $63
+8.0%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Employee Reviews: Working at Ocean Rig UDW Inc

Considering a career at Ocean Rig UDW Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Leadership celebrates both individual and team achievements. Leadership communicates quarterly, but most daily operations feel mechanical. Job security is strong, but the workload can feel monotonous over time. Tight-knit team with a clear sense of purpose. Team dynamics are average.
Well-organized teams and processes. I enjoy working here because every day I contribute to delivering essential services. Diverse and inclusive workplace. The environment is clean, and tools are adequate. Career growth is possible but delayed and competitive. Safety measures are in place but enforcement varies between locations. Employees feel valued and recognized regularly. It’s a strong, futur...
It’s fulfilling to be part of a team helping power communities reliably. Everyone knows their role and does it well. Transparency is a key strength here.

Ocean Rig UDW Inc Overview

Website
www.ocean-rig.com
Founded In
1996
Employees
500 - 1,000 employees
Industry
Energy & Utilities
Headquarter Address
16140 Waverly Dr Houston Texas TX 77032
Revenue
$200 Million - $500 Million
Phone Number
+1 7132609667
Social Media
About Ocean Rig UDW Inc
Ocean Rig is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and production drilling, and specializing in the ultradeepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig's common stock is listed on the NASDAQ Global Select Market where it trades under the symbol "ORIG".

What Benefits Does Ocean Rig UDW Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Ocean Rig UDW Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Houston?

Understanding the cost of living near Houston is key to truly evaluating a salary offer or your current compensation at Ocean Rig UDW Inc.
Houston's Cost of Living Index is approximately 98.5 (1.5% less expensive than US average; 5.9% more than TX average). Major city, energy/medical hub, housing generally affordable for size, but varies. METRO bus/rail. When planning your budget based on a salary from Ocean Rig UDW Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,800+ A significant portion of Ocean Rig UDW Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 (High AC use) Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (METRO Q Card monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,570 - $4,090+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Ocean Rig UDW Inc

1. What is the typical salary range (low to high) for most roles at Ocean Rig UDW Inc?

The typical salary range for most roles at Ocean Rig UDW Inc is approximately from $51 to $65 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Ocean Rig UDW Inc pay compared to CanElson Drilling Inc?

The average annual salary at Ocean Rig UDW Inc is $120,458, or an hourly wage of $58, in comparison to CanElson Drilling Inc which pays $117,547 per year or $57 per hour.

3. Do salaries differ significantly between departments at Ocean Rig UDW Inc?

Yes, salaries often differ between departments at Ocean Rig UDW Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Ocean Rig UDW Inc?

Experience level is a significant factor in determining salary at Ocean Rig UDW Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Ocean Rig UDW Inc in Houston is fair given the local cost of living?

To determine if a salary offer from Ocean Rig UDW Inc in Houston is fair, first compare the gross salary to our data for similar roles at Ocean Rig UDW Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Houston" to understand its purchasing power.

6. Why might an individual's actual salary at Ocean Rig UDW Inc differ from the ranges shown here?

An individual's actual salary at Ocean Rig UDW Inc can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.