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Rowan Obtains Three-Year Drilling Contract For Five Rigs In Saudi Arabia

Source: 8/3/2005, Location: Middle East

Rowan Companies, Inc. has been awarded a term drilling contract by the Saudi Arabian Oil Company for five Class 116-C jack-up drilling rigs to begin operating offshore Saudi Arabia in early 2006. The contract is for a three-year term and contains options for one additional year. Each rig is currently under contract in the Gulf of Mexico. The relocation of rigs to the Middle East will begin late in the fourth quarter of this year and should be completed by the end of the first quarter of 2006.

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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

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