- Rowan Reliance : Entered into a three-year contract with Cobalt International Energy, L.P. at an effective day rate of $602,000, including mobilization revenues. The drillship is expected to be delivered at the end of October 2014 and operate in the U.S. Gulf of Mexico starting in late January 2015. The Rowan Reliance is one of four ultra-deepwater drillships being constructed for Rowan by Hyundai Heavy Industries Co. Ltd. ("HHI") shipyard in Ulsan, South Korea. 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.
- EXL III: Awarded a contract to drill a relief well for Walter Oil and Gas estimated at 45 days in the Gulf of Mexico at $160,000 per day (no change from previous day rate).
- Rowan Louisiana : Awarded a one-well contract for Northstar estimated at 90 days in the Gulf of Mexico at $95,000 per day.
- Gorilla VII:
- Increased 3Q 2013 off-rate time by 40 days to a total of 61 days (previously 21 days) for leg repairs that commenced in mid-July 2013. Operating costs will be expensed during this period.
- Previously scheduled 140 days out of service project for repairs, upgrades and inspections is planned to start at the beginning of 2Q 2014 instead of during 1Q 2014.
- Gorilla III: Awarded an extension for a 24-day well recompletion with EOG in Trinidad at $145,000 per day.
- Charles Rowan: Previously scheduled 25 days off-rate time for repairs and inspections is expected to occur during 4Q 2013 instead of 3Q 2013.
Rowan Provides Fleet Contract Status Update
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts