More jack-up work for Rowan

Offshore drilling contractor Rowan Companies has been awarded more work for its jack-up drilling rigs in Saudi Arabia, Norway, and the U.S. Gulf of Mexico. 

According to its latest fleet status report on Wednesday, Rowan has been awarded a contract extension for the Gilbert Rowe jack-up drilling rig at current rate until June 30, 2017. The rig is operating for Saudi Aramco in Saudi Arabia with a dayrate of $69,000.

The Gilbert Rowe, of a LeTourneau Technologies 116-C class, was built in 1981 and received life enhancement in 2013.

Furthermore, oil company Lundin has exercised a 90-day priced option for the Rowan Viking jack-up, offshore Norway. With this option exercised, the rig will stay under contract with Lundin until February 2018, with an additional 90-day priced option available.

The rig’s dayrate for the option exercised has been reduced from $275,000 to $180,000. The Rowan Viking, of a KFELS N-Class, was built in 2010.

In addition, Arena has exercised a 90-day priced option for the jack-up rig Rowan EXL III, operating in the U.S. Gulf of Mexico. The rig is under contract with Arena until September 2017 with a dayrate of $55,000.

The Rowan EXL III, of a LeTourneau Technologies EXL (Super 116E) class, was built in 2010.

Offshore Energy Today Staff