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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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