Rowan Awarded Drillship Contract by ExxonMobil

Jun 07 2018

HOUSTON, June 7, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that the Rowan Relentless, one of its R-Class drillships, has been awarded a contract by ExxonMobil to drill a prospect in the US Gulf of Mexico. The contract is expected to commence in September 2018 and last for 80 days, followed by four one-well, priced options.

Rowan is a global provider of contract drilling services with a fleet of 27 mobile offshore drilling units, composed of 23 self-elevating jack-up rigs and four ultra-deepwater drillships. The Company's fleet operates worldwide, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East, and Trinidad. Additionally, the Company is a 50/50 partner in a joint venture with Saudi Aramco, entitled ARO Drilling, that owns a fleet of five self-elevating jack-up rigs that operate in the Arabian Gulf. The Company's Class A Ordinary Shares are traded on the New York Stock Exchange under the symbol "RDC." For more information on the Company, please visit www.rowan.com.

 

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SOURCE Rowan Companies plc