So for us, this change continues the natural evolution of our business. Today, our U.K. group manages operations that will represent our largest source of revenues, or an estimated 38% in 2012 and is centrally located between our second and third largest regions, the Middle East and the Gulf of Mexico. This transaction will better facilitate oversight of our global operations and communications with both our management teams and customers.Importantly, as we enter the ultra-deepwater business, this change will put us on the same footing with our major competitors, which should mean higher returns and greater resources to reinvest in growing our company. Our U.S. operations will not be affected by this change, and we expect to continue to invest in further growth and job creation, both here in the U.S. and overseas.
Rowan Companies' CEO Discusses Q4 2011 Results - Earnings Call Transcript
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