Rowan Announces All Offshore Rigs are Under Contract

Monday, June 17, 2002
Rowan Companies, Inc. announces all six Gorilla Class rigs are now under contract -- Gorillas II, III, IV and VI are operating on well-to-well contracts in the Gulf of Mexico and Gorillas V and VII should commence operation in eastern Canada and the North Sea early in the third quarter. Bob Palmer, Chairman and Chief Executive Officer, commented, "All 24 Rowan offshore rigs are now under contract -- for the first time in over one year. We view this as a very positive event, greatly reducing, for the moment, an uncertain outlook. We are particularly encouraged by the fact that about one- half of our Gulf of Mexico rigs are on deep Miocene prospects with well depths in the range of 15,000 to 22,000 feet. However, there is no question that our markets are in transition -- either dayrates will continue to go up or utilization will begin to go down. Stay tuned."
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

LOC Opens Paris Office

LOC, a leading global marine and engineering consultancy for the shipping and offshore energy industry announces the expansion of its European operations with

CWind Joins National Workboat Association

Citing crew transfer services as an integral part of its offering, offshore wind industry service provider CWind announced it is now a member of the National Workboat Association (NWA) of the U.

BG Group Starts up Sixth FPSO in the Santos Basin

BG Group announced first oil from the Cidade de Itaguaí floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the

Environmental

Adverse Weather Warning to Chilean Ports

Inchcape Shipping Services (ISS) is advising that Chile’s Port Authority has issued a warning of adverse weather conditions and strong swells affecting the Chilean coast over the next two days,

Totem Inks LNG Conversion Deal with Keppel

Totem Ocean Trailer Express announced that it has signed a contract with Keppel Offshore & Marine Ltd, wholly owned subsidiary Keppel Shipyard Ltd for the conversion

S.Africa Considering Ship-Based Power Generation

South Africa could deploy power barges using gas to generate electricity to help overcome chronic supply shortages, a senior government official said on Tuesday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2512 sec (4 req/sec)