Attached files
| file | filename |
|---|---|
| EX-99.2 - ROWAN COMPANIES PLC | v189082_ex99-2.htm |
| EX-99.1 - ROWAN COMPANIES PLC | v189082_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): June 25, 2010
ROWAN
COMPANIES, INC.
(Exact
name of registrant as specified in its charter)
|
DELAWARE
|
1-5491
|
75-0759420
|
|
(State or
other jurisdiction
|
(Commission
file Number)
|
(IRS
Employer
|
|
of
incorporation)
|
Identification
No.)
|
|
2800 POST OAK
BOULEVARD
|
|
|
SUITE
5450
|
|
|
HOUSTON,
TEXAS
|
77056
|
|
(Address
of principal executive offices)
|
(zip
code)
|
(713)
621-7800
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240-14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240-13e-4(c))
1
Item
7.01. Regulation FD Disclosure
The
following information is furnished pursuant to Item 7.01:
The
Offshore and Land Rig Fleet and Contract Status Reports for Rowan Companies,
Inc., each as of June 25, 2010, is attached as Exhibit 99.1 and
99.2.
Item
8.01. Other Events
Following
the Deepwater Horizon
incident, the Bureau of Ocean Energy Management, Regulation and Enforcement
(formerly known as the Minerals Management Service) issued two Notices to
Lessees (NTLs) implementing new safety regulations and information requirements
applicable to shallow water drilling operations in the U.S. Gulf of
Mexico. These NTLs impact the ability of our customers to obtain new
permits on a timely basis and continue operations uninterrupted under existing
permits. We are working with our customers to meet these
requirements.
To date
and as set forth in the Company's Offshore Fleet Status filed as an exhibit to
this Current Report on Form 8-K, the Company has seven jack-up drilling rigs
that have been impacted by the requirements of these recent NTLs. The
Rowan Juneau and the
Rowan Alaska are
currently stacked and are unlikely to receive new contracts until the issuance
of permits resumes. The Rowan EXL-I and the Rowan Gorilla II are under
contract but we do not believe have permitted work beyond their current
operations for the duration of remaining operations, estimated at 20 and 30
days, respectively. The Rowan Louisiana, the Bob Palmer and the Cecil Provine are under
contract but are waiting on permits.
On June
22, 2010, the Company received a notice of declaration of force majeure from the
operator of the Cecil
Provine. The Company is evaluating its response to this
notice.
Permitted
activities are expected to take the Rowan Mississippi and the
Ralph Coffman through
their contracted terms. However, compliance with the new regulatory
requirements may result in some interruption of operations.
Item
9.01. Financial Statements and Exhibits
(c)
Exhibits
|
Exhibit
|
||
|
Number
|
Exhibit
Description
|
|
|
99.1
|
Offshore
Rig Fleet and Contract Status at June 25, 2010
|
|
|
99.2
|
Land
Rig Fleet and Contract Status at June 25,
2010
|
2
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| ROWAN COMPANIES, INC. | |||
|
By:
|
/s/ William H. Wells | ||
| William H. Wells | |||
| Senior Vice President - Finance and CFO | |||
| (Principal Financial Officer) | |||
Dated:
June 25, 2010
3
EXHIBIT
INDEX
EXHIBIT
DESCRIPTION
|
Exhibit
|
||
|
Number
|
Exhibit
Description
|
|
|
99.1
|
Offshore
Rig Fleet and Contract Status at June 25, 2010
|
|
|
99.2
|
Land
Rig Fleet and Contract Status at June 25,
2010
|
4