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 program. The Ralph Coffman is currently under contract with GulfSlope Energy in the U.S. Gulf of Mexico through its current well, which is estimated to conclude in mid-January 2019.
Additionally, BP in Trinidad has exercised a two-well option with the Joe Douglas, a 240-C Class harsh environment jack-up rig, immediately following the current well. These exercised option wells are expected to last until approximately May 2019. The Joe Douglas has also received one more two-well option.
Rowan is a global provider of contract drilling services with a fleet of 25 mobile offshore drilling units, composed of 21 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, the Mediterranean Sea, 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 seven 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.
Source Rowan Companies plc
Contact: Investor Relations, investorrelations@rowan.com, +1-713-621-7800
Web Site: http://www.rowan.com
