Rowan sees increase in jackup demand

Rowan, majority-owner of offshore high-spec jackup rigs, says it sees an increase in tendering for its drilling units across all regions.

Offshore staff

HOUSTON -- Rowan, majority-owner of offshore high-spec jackup rigs, says it sees an increase in tendering for its drilling units across all regions.

“During the last few months, we have seen increased activity and tendering in virtually every jackup market segment worldwide, with the Middle East, North Sea, and Gulf of Mexico regions being the most significant for our fleet,” says Matt Ralls, president and CEO of Rowan. “We continue to see good demand for higher-specification jackups, and have added backlog at attractive day rates for our Super Gorillas.”

Rowan anticipates that high-spec jackup demand in the GoM will continue to improve on the heels of the ultra deep gas discovery, Davy Jones, announced by McMoRan earlier this year. The company has three high-spec jackups and the Rowan Louisiana under contract with McMoRan.

Meanwhile, Rowan continues its newbuild program, with three of the five high-spec jackup rigs scheduled to be delivered this year.

3/1/2010

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