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Rowan Issues Clarification On Day Rate For Ultra-Deepwater Drillship Rowan Resolute Contract

HOUSTON, June 20, 2013 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) reported in a press release issued earlier today that it entered into a three-year contract with Anadarko Petroleum Corporation for the Rowan Resolute, one of four new ultra-deepwater drillships being constructed for Rowan by Hyundai Heavy Industries Co. Ltd.

(Logo: http://photos.prnewswire.com/prnh/20120827/DA62568LOGO) The Company would like to provide clarification regarding the effective day rate. The effective day rate in the high $600s as previously reported is between $606,000 and $609,000, including mobilization revenues.Rowan Companies plc is a major provider of international and domestic contract drilling services with a leading position in high-specification jack-up rigs. The Company's fleet of 30 jack-up rigs is located worldwide, including the Middle East, the North Sea, Trinidad, Egypt, Southeast Asia and the Gulf of Mexico. Rowan will enter the ultra-deepwater market with four high-specification drillships expected to be delivered starting in late 2013. 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.rowancompanies.com.

SOURCE Rowan Companies plc

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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