Rowan Takes Delivery of Super Gorilla Jack-Up

Tuesday, August 19, 2003
Rowan Companies, Inc. took delivery of its newest jack-up rig, the Bob Palmer on August 18. The rig's initial assignment will be to drill a 25,000 foot well in the Gulf of Mexico, which should begin within 30 days. The Bob Palmer is an enhanced version of our Super Gorilla class jack-up, designated a Super Gorilla XL. The rig is outfitted with 713 feet of leg, 139 feet more than Gorillas V, VI or VII, and has 30% larger spud cans enabling operation in the Gulf of Mexico in water depths up to 550 feet. The Bob Palmer will also be able to operate in water depths up to 400 feet in the hostile environments offshore eastern Canada and in the North Sea. Rowan financed $187 million of the rig's design and construction costs through an 18-year bank loan guaranteed by the U. S. Department of Transportation's Maritime Administration under its Title XI Program. The loan bears a floating rate of interest which, as of July 31, 2003, was approximately 1.38% per annum.
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Indonesia Expects Total to Decide on Mahakam within days

French oil firm TotalĀ  will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the

Water Conservation Measures at Panama Canal

The water levels at Gatun and Madden Lakes are currently well below the expected levels for this time of year. Based on a comprehensive analysis of historic data,

First Subsea Wet Gas Compressor Installed

After several years of technology development, construction and testing the first subsea wet gas compressor in the world is now installed at the Gullfaks C platform in the North Sea.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Repair Shipbuilding / Vessel Construction
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: 0.1379 sec (7 req/sec)