Gorilla V to Resume Drilling

Rowan Companies announced that its Super Gorilla class jack-up, Gorilla V, will resume drilling for EnCana Corporation under a contract which was suspended in 2002. The rig will be utilized offshore eastern Canada for EnCana's shallow water exploration campaign beginning in early May. The initial commitment is for one well, with options for additional wells. Bob Palmer, Chairman and Chief Executive Officer, commented, "The resumption of this contract reaffirms our confidence in the long-term viability of the eastern Canada market for harsh environment jack-ups. We look forward to continuing our activities with EnCana."