Rowan Alaska News

Offshore driller Rowan Companies plc said it has purchased two LeTourneau Super 116E jack-up rigs, the P-59 and P-60, both delivered new into service in 2013, in a public auction from a subsidiary of Petroleo Brasileiro S.A. for $38.5 million per unit. As reported in May 2017, Rowan was the high bidder in a Petrobras public auction with a bid price of $30 million per rig. While the high bid was not accepted by Petrobras, after negotiations, both parties agreed to the revised price. Rowan sad it intends to mobilize the jack-ups to the Middle East from their current location in Brazil in late first quarter 2018. Tom Burke, President and Chief Executive Officer, said, “We consider this purchase an opportunistic investment, made near a cyclical low, at a highly attractive price.

The Rowan Gorilla VII Jack-up rig that was built by the Marathon LeTourneau Super Gorilla was loaded in the , The Netherlands, on board Mighty Servant 1. The operation started at 7.00 A.M. and the Rowan Gorilla VII was in position and lifted out of the water. The Mighty Servant 1 will depart for . After its voyage the Gorilla VII Jack-up rig will be discharged in . The Jack-up rig is operated by Rowan Companies Inc. The Rowan Gorilla VII is both a very large and heavy cargo: its overall length is 121.43 meters.