Cobalt contracts newbuild ultra-deepwater drillship Rowan Reliance

Cobalt International Energy has contracted the Rowan Reliance drillship for three years at a rate of $602,000/day to operate in the Gulf of Mexico.

Aug 6th, 2013

Offshore staff

HOUSTON –Cobalt International Energy has contracted the Rowan Reliancedrillship for three years at a rate of $602,000/day to operate in the Gulf of Mexico.

The drillship is under construction by Hyundai Heavy Industries in Ulsan, South Korea. Expected delivery to Rowan Co.s (NST:RDC) from HHI is end October 2014, with contract drilling to start in 1Q 2015.

TheRelianceis one of four ultra-deepwater drillships under construction at HHI for Cobalt.

8/6/2013

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