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Rowan Announces Contract with ConocoPhillips for the Rowan Norway

 

Rowan Companies plc ("Rowan" or the "Company") announced today that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a contract in Norway by ConocoPhillips Skandinavia AS ("COPSAS") for an estimated duration of seven months that is expected to commence in the second quarter of 2019.  The contract award is subject to partner approval.  Following the initial contract term, COPSAS has two options.  The first option has an estimated duration of five months and the second an estimated duration of nine months.  The Rowan Norway is currently under contract with Turkish Petroleum in the Mediterranean Sea until approximately late April 2019.

Rowan is a global provider of contract drilling services with a fleet of 25 mobile offshore drilling units, composed of 21 self-elevating jack-up rigs and four ultra-deepwater drillships.  The Company's fleet operates worldwide, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East, the Mediterranean Sea, and Trinidad. Additionally, the Company is a 50/50 partner in a joint venture with Saudi Aramco, entitled ARO Drilling, that owns a fleet of seven self-elevating jack-up rigs that operate in the Arabian Gulf.  The Company's Class A Ordinary Shares are traded on the New York Stock Exchange under the symbol "RDC".  For more information on the Company, please visit www.rowan.com.

 

Source: PRNewswire

Published: 10-01-2019
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