Rowan Renaissance Drillship Arrives in Namibia

Tower Resources plc confirmed that the Rowan Renaissance drillship arrived, as expected, in Walvis Bay, Namibia, yesterday.

This new build drillship will now undergo the scheduled preparation and final acceptance testing by Repsol, to whom it is being hired on a three year contract.

It is still expected to begin its operations for the Welwitschia-1 well, operated by Repsol and in which Tower has a 30% interest, on or around 11 April, with the spud being approximately one week later.

The Rowan Renaissance is a new build, dual-stack, 6th generation drillship, constructed in the Ulsan shipyard, South Korea, by Hyundai Heavy Industries.

Press Release, March 05, 2014