Saudi Arabian Oil Co. has contracted two jackup rigs from Rowan Co.'s Inc. to operate offshore Saudi Arabia in 2007.
Offshore staff
HOUSTON -- Saudi Arabian Oil Co. has contracted two jackup rigs from Rowan Co.'s Inc. to operate offshore Saudi Arabia in 2007.
The two Tarzan class rigs will be on contract for four years, each, and will relocate from the Gulf of Mexico starting in January 2007.
"These contracts reaffirm our strategic plan to build high-specification jackup rigs capable of ultra-deep drilling, and to geographically diversify our fleet," said Danny McNease chairman and CEO of Rowan. "We now have 13 of our 20 jack-up rigs or 65% of our offshore fleet committed well into 2007, including nine rigs that extend to 2009 or beyond. In addition, after moving these rigs to Saudi Arabia we will have 60% of our offshore fleet outside the US Gulf of Mexico."
