ConocoPhillips takes Rowan rig for operations in Norway
- Business & Finance
Offshore drilling contractor Rowan Companies has been awarded a rig contract in Norway by ConocoPhillips.
Rowan said on Thursday that ConocoPhillips had hired the N-Class ultra-harsh environment jack-up rig Rowan Norway for an estimated duration of seven months.
The company added that the contract was expected to begin in Norway in the second quarter of 2019, subject to partner approval.
Following the initial contract term, ConocoPhillips has two extension options. The first option has an estimated duration of five months and the second has an estimated duration of nine months.
The Rowan Norway is currently under contract with Turkish Petroleum in the Mediterranean Sea. It started in late 2018 and expires in late April 2019.
In recent company news, Rowan won contracts in Trinidad back in December 2018 for two 240-C Class harsh environment jack-up rigs, the Ralph Coffman and Joe Douglas.