Wednesday, April 24, 2024

Rowan Companies Plc News

Rowan Secures ExxonMobil Drillship Contract

Contract drilling services provider Rowan Companies plc announced that the one of its R-Class drillships, Rowan Relentless, has been awarded a contract by ExxonMobil to drill a prospect in the U.S. Gulf of Mexico.The contract is expected to commence in September 2018 and last for 80 days, followed by four one-well, priced options.

Rowan's Fleet Status Update

Rowan Companies plc informed today that its monthly report of drilling rig status and contract details have been updated as of November 20, 2014.  Notable events in the current report include: Rowan Louisiana: As previously indicated, awarded a one-well contract with an estimated minimum duration of 45 days with EnVen in the Gulf of Mexico at $85,000 per day, which commenced in mid-November 2014. Rowan Resolute: As previously indicated, commenced operations on October 16, 2014 in the US Gulf of Mexico. Increased previously planned 4Q 2014 off rate time by 20 days to a total of 27 days

Rowan Viking Rig Upgrade Completed on Schedule

  Damen Shiprepair Vlissingen, part of Damen Shiprepair & Conversion, has completed a major upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea, in thirty days less than was initially projected by the client. Owner Rowan Companies plc. projected that the work on the Rowan Viking would require 130 days, but through the application of innovative project planning techniques and highly specialised equipment Damen was able to reduce this by nearly 25 percent. The scope of the project involved the extension of the three legs by 10 metres to 180 metres

'Rowan Viking' Photo credit the owners

Rowan Offshore Fleet Contract Status Update

Rowan Companies plc have updated their monthly report and as at 21, November 2013 the following notable events are mentioned: Bob Keller: Awarded a 10-year extension with Saudi Aramco in the Middle East commencing in May 2014 at $177,500 per day, above its previous day rate at $127,500. Previously scheduled 60 days off rate time for customer-required equipment upgrades expected to occur 4Q 2014. EXL I:  Awarded a one-year contract with Petronas in Indonesia that commenced at the end of October 2013 at $160,000 per day, in line with the previous day rate. Gorilla VII:  Increased 4Q

Drilling Rig Status Update from Rowan

Rowan Companies plc gives an update on notable events. EXL I:  Changed day rate to mid $220s (previously mid $210s) due to amortization adjustment. J.P. Bussell:  Rig is expected to be off rate for five days in 1Q 2013. Scooter Yeargain:  Rig is expected to enter the shipyard in January 2013 (previously March 2013) for 105 days (previously 135 days) for customer-required equipment upgrades. Gorilla VI:  Off rate time in 4Q 2012 was eight days instead of the previously expected 25 days. Cecil Provine:  Off rate time in 4Q 2012 was 49 days instead of

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