Gulf Oil and Gas accountACCOUNT

Rowan Awarded Contract for Ultra-Deepwater Drillship

Source: www.gulfoilandgas.com 8/6/2013, Location: North America

Rowan Companies plc announced that one of its subsidiaries has entered into a three-year contract with Cobalt International Energy, L.P. ("Cobalt") for the Rowan Reliance, one of Rowan's new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. ("HHI") shipyard in Ulsan, South Korea. The drillship is expected to operate in the U.S. Gulf of Mexico.

The Rowan Reliance is expected to be delivered from HHI at the end of October 2014. The contract is expected to commence late January 2015 following mobilization. The effective day rate for the work will be $602,000, including mobilization revenues, and adds $660 million in revenue backlog.

Matt Ralls, Rowan's Chief Executive Officer, stated, "We are very pleased to enter into this relationship with Cobalt. They have a very exciting growth story with a strong track record in ultra-deepwater exploration. We will complement their growth potential through our expansion into the ultra-deepwater drilling segment with the most advanced drillships in the industry. We are proud to have this opportunity to be part of the future success of this exciting company."

The Rowan Reliance is one of four ultra-deepwater drillships being constructed for Rowan by HHI. All four drillships are based on a GustoMSC P10,000 hull design, capable of drilling wells to depths of 40,000 feet in water depths up to 12,000 feet. The DP-3 compliant, dynamically positioned drillship will be equipped with retractable thrusters, two readily deployable seven-ram BOP systems, five mud pumps, dual mud systems and a maximum hookload capacity of 1,250 tons.

With the award of this contract for the Rowan Reliance, three of the Company's four ultra-deepwater drillships under construction at HHI are now under contract. The fourth remaining uncontracted drillship, the Rowan Relentless, is scheduled to be delivered from the shipyard at the end of March 2015.

Rigs >>

Rigs News in United States >>

Kuwait >>  12/9/2019 - ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured ...
Nigeria >>  12/9/2019 - Shelf Drilling, Ltd. has secured a one-year extension on the Trident XIV jack-up rig in direct continuation of its current contract for workover opera...

United States >>  11/25/2019 - Valaris plc (VAL) (Valaris) announced new contracts and contract extensions, with associated revenue backlog of approximately $285 million, awarded su...
Nigeria >>  11/18/2019 - KCA Deutag (KCAD) announces that its land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe. ...

Indonesia >>  11/15/2019 - Jack-up drilling rig "HAKURYU-14" currently operating at Mahakam Block, Republic of Indonesia has been awarded a one-year contract extension by PT PER...
United Arab Emirates >>  11/14/2019 - ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced a major rig fleet expansion program to support ADNOCís upstream ...

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

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


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.