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Rowan provides fleet contract status update


Published Apr 25, 2014
Rowan Companies-2

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

Tags: Rowan Companies




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