LETOURNEAU

LeTourneau, Lamprell Contract for Newbuild Jack-up Kit

LeTourneau Technologies, Inc. announced the sale of a second LeTourneau Super 116E Class jack-up rig kit to Lamprell Energy, Ltd., with final delivery expected by the end of 2008. The rig is to be built at Lamprell's Hamriyah facility located in the United Arab Emirates for Scorpion Offshore Ltd. Lamprell is currently building an initial Super 116E Class jack-up at the same location, also for Scorpion Offshore, under a license from LTI. This order is the 18th for the popular LeTourneau Super 116 series of jack-ups. The Super 116E Class is one of five current LTI jack-up rig designs, and an evolution of the LTI's industry workhorse 116-C Class design. The Super 116E provides up to 2,000 kip greater payload than its predecessor. The rig is designed to drill in up to 350 feet of water in moderate environmental locations and can be outfitted to handle high temperature/high pressure wells.

Rowan Wins Rig Contruction Contract

Rowan Companies, Inc. announced that it's wholly-owned subsidiary, LeTourneau, Inc., has been awarded a contract by Perforadora Central, S.A. de C.V., a Mexican drilling contractor, to construct a Super 116E class jack-up rig.The rig will be an enhanced version of LeTourneau's Super 116-C class jack-up rig, with greater environmental and payload capacity. It will have 511 feet of leg, enabling operations in water depths up to 350 feet in areas like the Gulf of Mexico, Asia and the Persian Gulf

Signal Awarded TARZAN CLASS

Signal International, L.L.C. signed a contract with LeTourneau, Inc. to build a TARZAN CLASS jackup drill rig. LeTourneau is procuring the rig, the fourth TARZAN CLASS rig built for Rowan Companies, Inc., its parent corporation. Under the terms of the contract, LeTourneau will provide a license to Signal International and furnish the engineering and component kit for the elevating system, including, 445’ leg length. LeTourneau Ellis Williams Company, Inc

Scorpion Offshore Orders Two Rigs

Scorpion Drilling Ltd (Scorpion) has exercised its option to order two additional LeTourneau Super 116 jackups to be built at Keppel AmFELS in Brownsville, Texas. The contract price for the two rigs, excluding Owner Furnished Equipment, is approximately $180 million. The new units represent the third and fourth jackup rigs in Scorpion’s fleet. The first two rigs, which were secured in July 2005, are currently being constructed by Keppel AmFELS

Quick Modification of Offshore Jack-Up Drilling Rigs

Bollinger Fourchon, LLC, a subsidiary of Bollinger Shipyards, demonstrated its ability to modify or repair offshore jack-up drilling rigs quickly and cost effectively, with three recently completed projects. One project, for R&B Falcon Drilling, Inc., involved the replacement of jet piping (which blows away sand and mud around the rig legs for easier movement) and the fabrication and erection of an interior bulkhead on the Cliffs 150 rig in just eight days.

Transocean Agrees to Sell Three U.S. GoM Jackups

Transocean Inc. has entered into a definitive agreement with Hercules Offshore, Inc. to sell three of its U.S. Gulf of Mexico jackup drilling rigs and related equipment for $320m. The sales of the GSF Adriatic III, GSF High Island I and GSF High Island VIII will mark Transocean's exit from the shallow-water area of the U.S. Gulf of Mexico. The sales are expected to be consummated at the conclusion of each rig's current contract commitment and are subject to customary closing conditions

LeTourneau Tech Signs $185m Construction

Rowan Companies, Inc. (NYSE: RDC) announced today that its manufacturing subsidiary, LeTourneau Technologies, Inc. (LTI) has signed contracts valued at approximately $185m with a Brazilian construction consortium to provide the rig kit, rig design and drilling equipment for two LeTourneau Super 116E jack-up rigs. The two Super 116E jack-up rigs are to be built at Petrobras' Maragojipe, Bahia, Brazil facility by the Consorcio Rio Paraguacu

Scorpion Names Offshore Freedom

ABS representatives attended the naming ceremony for Scorpion Offshore’s ultra-premium, LeTourneau Super 116E jackup, ABS-classed and built at Lamprell Shipyard in the United Arab Emirates (UAE). This is the sixth jackup for Scorpion classed by ABS. Offshore Freedom is capable of operating in up to 400-ft water depth and has a 30,000-ft drilling capacity. ABS has classed a series of five Scorpion rigs (Offshore Courageous, Offshore Defender, Offshore Resolute

Lamprell Wins US$ 227 Million Contract for Jackup Rig

Lamprell's Hamrivah yard to construct mobile drilling platform, to a LeTourneau design, for an international contractor Lamprell, a leading provider of diversified engineering and contracting products and services to the onshore and offshore oil & gas and renewables industry,  announce that it has received a US$ 227 million new contract award from an international drilling contractor for the construction of a jackup rig.

Superior Fabricators Awarded Cantilever Extensions

Superior Fabricators of Baldwin, La., has been awarded cantilever extensions for two Global Marine Jackup rigs, which are currently under tow into the Gulf of Mexico from West Africa. The extensions will provide for an additional 15 ft. of cantilever reach for Glomar Adriatic IX and Glomar Adriatic X, both of which are LeTourneau 116-C class rigs.