Rowan has been awarded a two-year contract by a major integrated oil and gas company to drill one or more ultra-deep wells in the GoM.
Offshore staff
(US, GoM) - Rowan has been awarded a two-year contract by a major integrated oil and gas company to drill one or more ultra-deep wells in the GoM.
Rowan has committed the Super Gorilla class jackup rigBob Palmer for the project, which should begin during 1Q 2007. The drilling contractor estimates revenues from this contract will be approximately $160 million to $170 million.
Danny McNease, chairman and CEO, commented, "This contract reaffirms the market for drilling high pressure, high temperature wells deeper than 25,000 ft and provides the highest rate ever for a jackup rig in the Gulf."
