Report: Rowan sells stacked jack-up rig

Offshore driller Rowan Companies has reportedly sold one if its jack-up drilling rigs to Advanced Energy Systems (ADES) in Egypt. 

According to information provided by VesselsValue, a website providing intel on offshore and shipping world, Rowan sold its previously cold stacked jack-up drilling rig Rowan Gorilla IV for an undisclosed price on Tuesday, March 6.

The 1986-built drilling rig was cold stacked following completion of its contract with Arena in the U.S. Gulf of Mexico in December 2017.

ADES is a Middle Eastern conglomerate headquartered in Egypt. ADES has consolidated all upstream services & projects – both onshore and offshore – in the oil & gas sector into one group.

Rowan Gorilla IV is of a LeTourneau Technologies Gorilla class jack-up rig design with 638 ft long legs. The rig’s maximum drilling depth is 30,000 ft.

Update: August 2018

In an email sent to Offshore Energy Today in August, a Rowan spokesperson said that Rowan had not sold the Gorilla IV.

“This rig is still owned by Rowan,” the spokesperson said.

Offshore Energy Today has sought further clarification on this, as several other online sources show the rig as having been sold. We will update the article if we receive any response.

Offshore Energy Today Staff

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Posted on March 9, 2018 with tags , .

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