New Drilling Contract for Rowan
- Business & Finance
Rowan Companies Plc. through one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan’s current construction program.
The contract is expected to commence in the third quarter of 2015 and will add approximately $425m to Rowan’s current contract backlog.
Tom Burke, Rowan’s President and Chief Executive Officer, said: “We are extremely proud that our fourth drillship will work for FM O&G in the U.S. Gulf of Mexico.
Our two companies have enjoyed a mutually beneficial and long-standing working relationship drilling ultra-deep Gulf of Mexico shelf gas wells, and we are delighted to have been selected for this important ultra-deepwater drilling program.”
The Rowan Relentless is the company’s fourth ultra-deepwater drillship. All four drillships are based on a GustoMSC P10,000 hull design, capable of drilling wells to depths of 40,000 feet in water depths up to 12,000 feet.
The DP-3 compliant, dynamically positioned drillship will be equipped with retractable thrusters, two readily deployable seven-ram BOP systems, five mud pumps, dual mud systems and a maximum hook-load capacity of 1,250 tons.
All four of the company’s ultra-deepwater drillships are now under long-term contracts.
June 9, 2014