Rowan awarded new contract and extensions
Rowan Companies’ ultra-deepwater drillship Rowan Reliance (pictured) has been awarded a contract in the US Gulf of Mexico by Fieldwood Energy with a firm term of one year plus three 90-day options at then market rates. The contract is expected to commence in the first quarter of 2019.
In addition, Cantium has extended its previously announced contract for the jack-up rig Rowan EXL III in the US Gulf of Mexico by three months. The firm term of this contract is now nine months followed by two six-month options with increasing day rates.
Finally, BP has extended its contract with the jack-up rig Joe Douglas in Trinidad by one well with an expected duration of 76 days. The extension includes one additional two-well option at then market rates.