Offshore staff
HOUSTON– Repsol E&P USA Inc. has issued a notice of early termination to Rowan Companies for the ultra-deepwater drillship Rowan Renaissance.
Rowan says it expects to continue to be paid by Repsol on a monthly basis through the original termination date of April 22, 2017, at a rate slightly less than the current standby rate.
The drilling contractor plans to reduce manning and warm stack the drillship in the near term.
11/16/2016
