Rowan to build six new jackup rigs

Rowan Co.s Inc. plan to build six new jackup drilling rigs.
Nov. 1, 2007

Offshore staff

HOUSTON –Rowan Co.s Inc. plan to build six new jackup drilling rigs.

Rowan has contracted with Keppel AmFELS Inc. for construction of four Super 116E class jackup drilling rigs at an average cost of $175 million each.

The rigs are to be built at AmFELS' Brownsville, Texas, yard with delivery every four months starting in 2Q 2010.

Rowan says it also will build two more 240-C class jackup rigs at its Vicksburg, Mississippi, shipyard for delivery in 3Q 2010 and 3Q 2011 at a total cost of $400 million.

"We have continued to experience unprecedented global demand for premium drilling equipment," says Danny McNease, chairman and CEO of Rowan. "Each of these new rigs will employ the latest technology to be able to efficiently drill high-pressure, high-temperature and extended-reach wells in just about every prominent jack-up market throughout the world. All six of these new rigs will be equipped to reach 35,000 feet."

11/01/2007

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