Rowan has been awarded consecutive drilling contracts from two UK-based oil and gas companies for its Super Gorilla class jackup rig Gorilla VI.
Offshore staff
(UK) - Rowan has been awarded consecutive drilling contracts from two UK-based oil and gas companies for its Super Gorilla class jackup rigGorilla VI.
The commitments are for work in the North Sea beginning in early 2007. The jackup is scheduled to complete operations offshore eastern Canada during the fourth quarter, when it will be relocated to the North Sea.
Collectively, the contracts specify a minimum of 420 days of work and contain options for an additional 530 days. Mobilization fees are included, as are additional payments for any work performed in the Norwegian sector.
Rowan estimates that minimum drilling revenues from these contracts will equal approximately $127 million. Revenues could total as much as $311 million if all extension options are exercised including work offshore Norway.
