Rowan Companies, Inc.

Rowan Completes Previously Announced Sale of Two Jack-ups to ARO Drilling
Mining, Oil Drilling, Refining Products & Equipment

Rowan Completes Previously Announced Sale of Two Jack-ups to ARO Drilling

HOUSTON, Oct. 10, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that it has concluded the sale of two LeTourneau TARZAN Class jack-up rigs, the Scooter Yeargain and the Hank Boswell, to ARO Drilling. The net economic impact of this transaction was that Rowan received approximately $90 million in cash and $176 million in shareholder notes...

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Rowan Announces Contract with Cantium for the Rowan EXL III
Mining, Oil Drilling, Refining Products & Equipment

Rowan Announces Contract with Cantium for the Rowan EXL III

HOUSTON, Aug. 13, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced that the Rowan EXL III, an EXL Class high specification jack-up rig, has been awarded a six-month contract from Cantium in the U.S. Gulf of Mexico. The contract is expected to commence in early November 2018. The EXL III is currently under contract with Cantium in the U.S. Gulf of...

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Company News

Rowan Announces Contract with Repsol for the Rowan EXL II

HOUSTON, March 13, 2019 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that Repsol Exploracion Guyana, S.A. has signed a contract for the EXL II, a high-specification Super 116E Jack-up rig, for work in Guyana. The contract is for one well beginning in the third quarter of 2019 with a duration of approximately 45 days. The EXL II is currently under...

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Company News

Rowan Provides Fleet Status Report Update

Houston, Feb. 13, 2019 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that its report of drilling rig status and contract information has been updated as of February 13, 2019.  The report titled "Fleet Status Report" can be found on the Company's website at www.rowan.com. Rowan intends to provide quarterly updates to this report in advance of...

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Company News

Rowan Announces Extension with ExxonMobil for The Rowan Relentless

Houston, Feb. 13, 2019 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that ExxonMobil has exercised the third of four options for the Rowan Relentless, an R-Class ultra-deepwater drillship. The option will be used for operations in the US Gulf of Mexico and has an expected duration of 180 days. The Rowan Relentless has been under contract with...

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Company News

Rowan Companies plc Confirms Receipt of Exchange Rate Proposal from Ensco plc

Houston, Jan. 14, 2019 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) today confirmed receipt of a proposal from Ensco plc (NYSE: ESV) ("Ensco") to increase the exchange ratio for the previously announced all-stock transaction in which Rowan would combine with Ensco. Under the terms of the proposal, Rowan shareholders would receive 2.60 shares of Ensco for each...

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Company News

Rowan Announces Contract with ConocoPhillips for The Rowan Norway

Houston, Jan. 10, 2019 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a contract in Norway by ConocoPhillips Skandinavia AS ("COPSAS") for an estimated duration of seven months that is expected to commence in the second quarter of 2019. The contract award is...

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Company News

Rowan Announces Contracts for The Ralph Coffman and The Joe Douglas

Houston, Dec. 24, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a 180-day contract in Trinidad. The contract is expected to commence in April of 2019. The previously announced contract with CGX Resources in Guyana will follow in direct continuation of this...

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Company News

Rowan Announces Contract with CGX Resources for The Ralph Coffman

Houston, Dec. 18, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a one-well contract from CGX Resources in Guyana for an estimated duration of 60 days. The contract is expected to commence in the second quarter of 2019.  The Ralph Coffman is currently under...

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Company News

Rowan to Optimize Active Drillship Fleet by Concentrating Work to the Rowan Resolute

HOUSTON, Nov. 21, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that the previously disclosed contract with Fieldwood Energy LLC (Fieldwood) for the Rowan Reliance will be transferred to the Rowan Resolute under the same contractual terms, which includes a one-year, firm term plus three 90-day options. The Company also announced that LLOG has...

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Company News

Rowan Renaissance Awarded Contract By Total

HOUSTON, Nov. 5, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that the Rowan Renaissance, an R-Class ultra-deepwater drillship, has been awarded a contract in Mexico by Total with a firm term of one well with an estimated duration of 60 days. The agreement includes three one-well options that can be exercised by other Total affiliates....

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Company News

Rowan Reliance Awarded Contract by Fieldwood

HOUSTON, Oct. 29, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that the Rowan Reliance, an R-Class ultra-deepwater drillship, has been awarded a contract in the United States Gulf of Mexico by Fieldwood Energy LLC with a firm term of one year plus three 90-day options at then market rates.  The contract is expected to commence the first...

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