Rowan Companies plc announced that its monthly report of drilling rig status and contract information has been updated as of April 23, 2014.
Notable events in the current report include:
Rowan Renaissance: Commenced a three-year drilling contract with Repsol on April 22, 2014 for operations offshore West Africa at an effective day rate of $619,000 during the first year.
Rowan Mississippi: Saudi Aramco exercised its option to extend the primary term for one year in the Middle East at $195,000 per day commencing December 2014, above the previous base day rate of $170,000 after excluding the impact of mobilization and capex fees.
Hank Boswell: Saudi Aramco exercised its option to extend the primary term for one year in the Middle East at $180,000 per day commencing August 2014, above the previous effective day rate of $128,000