Rowan bags 2-year drilling deals for offshore Qatar rigs
Rowan Companies yesterday announced that it has been awarded term drilling contracts for two Class 116-C jack-up rigs to begin operating offshore Qatar in late 2006 or early 2007.
Each contract is for a two-year term and contains an option for one additional year. Each rig is currently under contract in the Gulf of Mexico. The relocation of the two rigs to the Middle East will begin late in the third quarter and should be completed by the end of the year.