Rowan finds more drilling work for jack-up rigs

Offshore driller Rowan Companies has been awarded new contracts and contract extensions for its jack-up drilling rigs working in the UK, Norway, Saudi Arabia and Trinidad. 

In its fleet status report on Wednesday, the driller reported that the 2011-built jack-up drilling rig Rowan Norway has been hired for accommodation work in the UK by Repsol Sinopec for an undisclosed dayrate.

The contract started on July 10, 2017 and estimated duration of the contract is 90 days with two 30-day priced options. The owner expects off rate time in 2Q17/3Q17 for repairs and inspections in advance of commencement.

Repsol also has Rowan Stavanger jack-up under hire with operations set to start in mid-September. The contract will end in May 2018.

Further according to the report, Lundin has extended the contract in Norway for the 2010-built jack-up Rowan Viking. The extension is for 180 days with a dayrate of $206,000 retroactive to April 1, 2017.

The driller also reported that the 1998-built jack-up Rowan Gorilla V has been awarded a contract with Total in the UK. The contract is estimated to start in mid-September and last for two years with a 180-day priced option. Off rate time is expected in 2Q17/3Q17 for repairs and inspections. The dayrate for this rig has been left undisclosed.

The jack-up’s previous contract was also with Total but in Norway. It ended on June June 14, 2017, and the dayrate was below $100,000.

Another jack-up rig, the 1981-built Gilbert Rowe, has received a contract extension at current rate until August 31, 2017. The rig is working for Saudi Aramco in Saudi Arabia with a dayrate of $69,000.

Over in Trinidad, Rowan has been awarded contract extension for two jack-up rigs.

The first extension for an additional well offshore Trinidad has been given to the 2010-built Rowan EXL II jack-up by BP Trinidad. The rig will be available in October 2017.

The second extension, also for an additional well off Trinidad, has been awarded to the 2009-built Ralph Coffman jack-up by an undisclosed client. This jack-up will be available in December 2017.

Offshore Energy Today Staff