•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Rowan provides fleet contract status update

    Rowan Companies plc

    Rowan Companies plc (NYSE: RDC) has issued its monthly fleet status report, updated as of Oct. 24. Notable events in the current report include:

    • EXL III : Awarded an estimated 285-day contract with Freeport-McMoRan in the Gulf of Mexico, beginning mid-October at a standby rate of $150,000 per day, and then at $180,000 per day starting mid-December, above its previous day rate of $160,000 per day. 
    • Rowan Stavanger: Awarded 120-day accommodation work with Talisman in the Norwegian sector of the North Sea, starting May 2014 at $413,000 per day. 
    • Gorilla VII : Increased 3Q/4Q 2013 off rate time by 38 days to 120 days for leg repairs that started in July. Operating costs will be expensed during this period. Incremental third-party repair costs will be expensed, and are expected to total $9.3 million in 3Q 2013, above prior guidance of $6 million, and $1.9 million in 4Q 2013, above prior guidance of $1 million.
    • J.P. Bussell: Petrofac contract assigned to Newfield for remainder of term. Rig is expected to be available at the end of its current contract term and off rate for an estimated 30 days during 4Q 2013 for maintenance and inspections. 

    Rowan’s fleet of 30 jackup rigs is located worldwide, including the Middle East, the North Sea, Trinidad, Egypt, Southeast Asia and the Gulf of Mexico. Additionally, Rowan has four ultra-deepwater drillships under construction, with three of the four drillships under three-year contracts. 

    Related Articles

    Fortis Energy expands well services to Rocky Mountain region of North Dakota

    12/09/2013

    Fortis Energy Services Inc. has expanded its area of operations to include the Williston Basin of North Dakota.

    SCF Partners invests in Oil Patch Group

    11/21/2013

    SCF Partners has made an investment in Houston-based Oil Patch Group Inc.

    Schlumberger releases new HD imaging-while-drilling service

    09/30/2013 Schlumberger has released the MicroScope* HD high-definition imaging-while-drilling service. The MicroScope HD service provides logging-while-drilling (LWD) imaging for reservoir description to ena...

    Meeting global demands

    09/18/2013

    Increasing production from existing fields through EOR crucial to satisfying the world's energy needs

    Tenaris to build new US seamless pipe mill in Texas

    09/10/2013

    Tenaris has broken ground on its first US seamless pipe mill, which will be constructed near Bay City, Matagorda County, Texas.

    More Oil & Gas Financial Articles

    Fortis Energy expands well services to Rocky Mountain region of North Dakota

    Mon, Dec 9, 2013

    Fortis Energy Services Inc. has expanded its area of operations to include the Williston Basin of North Dakota.

    SCF Partners invests in Oil Patch Group

    Thu, Nov 21, 2013

    SCF Partners has made an investment in Houston-based Oil Patch Group Inc.

    Schlumberger releases new HD imaging-while-drilling service

    Mon, Sep 30, 2013

    Schlumberger has released the MicroScope* HD high-definition imaging-while-drilling service. The MicroScope HD service provides logging-while-drilling (LWD) imaging for reservoir description to enable detailed fracture characterization and completion optimization in conductive drilling fluids for all well types, including horizontal and highly deviated wells.

    Meeting global demands

    Wed, Sep 18, 2013

    Increasing production from existing fields through EOR crucial to satisfying the world's energy needs

    Tenaris to build new US seamless pipe mill in Texas

    Tue, Sep 10, 2013

    Tenaris has broken ground on its first US seamless pipe mill, which will be constructed near Bay City, Matagorda County, Texas.

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ