Rowan seals multiple rig contract extensions

Rowan seals multiple rig contract extensions

Rowan Companies has reported a series of contract extensions in its latest fleet status report.

Drillship Rowan Resolute has received a blend and extend amendment awarded by Anadarko. The drillship has been given an extension at a dayrate of $580,000 for an estimated 273 days. Starting July 1, the dayrate will be reduced to $180,000 for an estimated 210 days followed by a return to the original dayrate of $608,000 for the remainder of the primary term.

Jackup rig Rowan Viking has been awarded a contract extension with Lundin for 270 days for $275,000 per day following the primary term. The reduced rate $282,000 is retroactive to January 1, 2016.

Jackup rig Gilbert Rowe has been awarded a contract extension with Saudi Aramco at the current rate of $69,000 to December 31, 2016 while another jackup rig Rowan Gorilla VII’s dayrate will be reduced to a standby rate (85% of operating rate) in mid-August

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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