Rowan nets three rig deals. Working on drillship problem in Namibia

Rowan Companies, an offshore drilling contractor based in Houston, has secured more contracts during May, 2014.

The Joe Douglas jack-up rig has been awarded an estimated 90-day contract with Freeport-McMoRan Oil & Gas in the Gulf of Mexico starting May 2014 at a day rate of $165,000, which is above the previous day rate of $160,000.

Also, the Rowan Gorilla VII jack-up rig has secured a 220-day extension with Apache in the UK sector of the North Sea starting in November 2014 at a day rate of $280,000, unchanged from the current day rate.

Furthermore, Indonesian oil company Pertamina has extended the Rowan Gorilla II jack-up rig for approximately 120 days at a day rate of $146,000. The rig may be off rate for sometime in the second half of 2014 for a special survey. Scope of work, including the amount of out of service days, is currently under review.

Drillship issues in Namibia

The Rowan Renaissance drillship, currently operated by the Spanish oil company Repsol in Namibia, began experiencing issues with its subsea systems on May 19, 2014.

“The Company is working to rectify these issues and expects the rig to resume normal operations by the beginning of June 2014. During this period the Company may incur some amount of unbillable operational downtime,” Rowan said in its fleet status report.
During this period the Rowan may incur some amount of unbillable operational downtime.

In addition, Rowan expects seven days off rate time in 2Q 2014 for commissioning of late arriving equipment for the Rowan Renaissance. The day rate for the Rowan Renaissance, which began its drilling contract with Repsol in April, is $625.000.

 

Related: Repsol facing problems with Welwitschia drilling (Namibia)

 

Offshore Energy Today Staff, May 28, 2014

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply