Attached files
| file | filename |
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| 8-K - ROWAN COMPANIES PLC | v189082_8k.htm |
| EX-99.2 - ROWAN COMPANIES PLC | v189082_ex99-2.htm |
 |
ROWAN
COMPANIES, INC.
OFFSHORE
RIG FLEET AND CONTRACT STATUS
As
of June 25, 2010
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OFFSHORE
RIGS
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Contract
Status
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LeTourneau
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Depth
(feet)
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Year
in
|
Day
Rate
|
Estimated
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||||||||||||||
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Name
|
Class
|
Water
|
Drilling
|
Service
|
Location
|
Customer
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(in
thousands)
|
Duration
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Comments
($ in thousands)
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Cantilever
Jack-up Rigs:
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Rowan
EXL IV
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S116-E
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350
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35,000
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2012
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig
currently under construction with delivery expected in Q1
2012.
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|||||||||
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Joe
Douglas
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240-C
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375
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35,000
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2011
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TBD
|
TBD
|
TBD
|
TBD
|
Rig
currently under construction with delivery expected in Q3
2011.
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|||||||||
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Rowan
EXL III
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S116-E
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350
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35,000
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2011
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TBD
|
TBD
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TBD
|
TBD
|
Rig
currently under construction with delivery expected in Q1
2011.
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|||||||||
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Rowan
EXL II
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S116-E
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350
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35,000
|
2010
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Trinidad
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BP
Trinidad
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Low
140s
|
November
2013
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Rig currently under
construction with delivery expected in September 2010, and
commencement of operations in October 2010. Day rate reflects
average rate over the contract period and includes amortization of
contract mobilization/modification
revenues.
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|||||||||
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Rowan
EXL I
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S116-E
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350
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35,000
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2010
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Gulf
of Mexico
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McMoRan
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Mid
70s
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August
2010
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||||||||||
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Low
140s
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July
2011
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|||||||||||||||||
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Ralph
Coffman
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240-C
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375
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35,000
|
2009
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Gulf
of Mexico
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McMoRan
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Low
180s
|
October
2010
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||||||||||
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J.P.
Bussell
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225-C
|
300
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35,000
|
2008
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Egypt
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Shell
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Low
180s
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May
2011
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Rowan-Mississippi
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240-C
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375
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35,000
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2008
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Gulf
of Mexico
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McMoRan
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Low
180s
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November
2010
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||||||||||
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Hank
Boswell
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225-C
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300
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35,000
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2006
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Middle
East
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Saudi
Aramco
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Low
190s
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March
2011
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||||||||||
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Bob
Keller
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225-C
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300
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35,000
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2005
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Middle
East
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Saudi
Aramco
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Low
180s
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May
2011
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||||||||||
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Scooter
Yeargain
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225-C
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300
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35,000
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2004
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Middle
East
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Saudi
Aramco
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Low
190s
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March
2011
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||||||||||
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Bob
Palmer
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224-C
|
550
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35,000
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2003
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Gulf
of Mexico
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Apache
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Low
110s
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September
2010
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Rig
is under contract at the indicated day rate but is waiting on a
permit.
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Rowan
Gorilla VII
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219-C
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400
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35,000
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2002
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West
Africa
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Cabinda
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Mid
310s
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July
2010
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North
Sea
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Apache
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Low
180s
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February
2012
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Rig
is expected to mobilize to the North Sea during early Q3 2010 and commence
operations end of Q3 2010.
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Rowan
Gorilla VI
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219-C
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400
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35,000
|
2000
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North
Sea
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BG
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High
390s
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July
2010
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Day
rate includes amortization of contract mobilization/modification
revenues.
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Low
300s (NOR)
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BG extended the contract for another 12 months and has the option of operating the rig in Norway at a day | |||||||||||||||||
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Mid
210s (UK)
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July
2011
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rate
in the low $300s or in the UK at a day rate in the mid
$210s.
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Rowan
Gorilla V
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219-C
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400
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35,000
|
1998
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North
Sea
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Total
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Low
160s
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May
2011
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Day rate includes estimated amortization of
lump-sum fee for modifications. Rig was idle
for 4 days during the month of May
2010.
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Low
180s
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May
2012
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|||||||||||||||||
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See
comment
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May
2013
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Day
rate at mutually agreed market rate between low 150s and mid
230s.
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Rowan
Gorilla IV
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200-C
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450
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35,000
|
1986
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Mexico
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PEMEX
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Low
130s
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July
2011
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The
day rate reprices every three months based on an index of jack-up
rates. The day rate reflects rig's
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|||||||||
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repricing
at the end of April 2010.
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Rowan
Gorilla III
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200-C
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450
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30,000
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1984
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Eastern
Canada
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EnCana
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Mid
280s
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September
2010
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Rowan
Gorilla II
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200-C
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450
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30,000
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1984
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Gulf
of Mexico
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undisclosed
|
Low
190s
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August
2010
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Rowan-California
|
116-C
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300
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30,000
|
1983
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Middle
East
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Wintershall
|
Mid
70s
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June
2011
|
Rig commenced
operations in mid June 2010. Rig was in the shipyard during the
month of May
2010
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undergoing
upgrades for the Wintershall work.
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Cecil
Provine
|
116-C
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300
|
30,000
|
1982
|
Gulf
of Mexico
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Apache
|
Low
60s
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July
2010
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Rig
is under contract at the indicated day rate but is waiting on a
permit. On June 22, 2010, the Company received a notice of
declaration of force majeure from the operator of the Cecil
Provine and is evaluating its response to this
notice.
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Gilbert
Rowe
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116-C
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350
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30,000
|
1981
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Middle
East
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Maersk
|
Mid
70s
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March
2011
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Arch
Rowan
|
116-C
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350
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30,000
|
1981
|
Middle
East
|
Available
|
Rig
is currently in the shipyard for general maintenance and upgrades and was
in the shipyard during the month
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of
May
2010.
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Charles
Rowan
|
116-C
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350
|
30,000
|
1981
|
Middle
East
|
Available
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Rig
is currently in the shipyard for general maintenance and upgrades and was
in the shipyard during the month
|
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of
May
2010.
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Rowan-Paris
|
116-C
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350
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30,000
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1980
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Middle
East
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Maersk
|
Mid
70s
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March
2011
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Rowan-Middletown
|
116-C
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350
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30,000
|
1980
|
Middle
East
|
Available
|
Rig
is currently in the shipyard for general maintenance and upgrades and was
in the shipyard during the month
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of
May
2010.
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Conventional
Jack-up Rigs:
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Rowan-Juneau
|
116
|
250
|
30,000
|
1977
|
Gulf
of Mexico
|
Available
|
Rig
was idle during the month of May
2010.
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Rowan-Alaska
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84
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350
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30,000
|
1975
|
Gulf
of Mexico
|
Available
|
Rig
was idle for 8 days during the month of May 2010.
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Rowan-Louisiana
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84
|
350
|
30,000
|
1975
|
Gulf
of Mexico
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McMoRan
|
Mid
50s
|
December
2010
|
Rig
is under contract at the indicated day rate but is waiting on a
permit.
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|||||||||
Rig Class denotes LeTourneau, Inc. hull number. 200-C is a Gorilla class unit designed for extreme hostile environment capability. 219-C is a Super Gorilla class unit, an enhanced version of the Gorilla class, and 224-C is a Super Gorilla XL design. 225-C is a Tarzan Class unit. 240-C is LeTourneau's latest jack-up design. Rowan EXL is an enhanced version of the Super 116E class. Unless otherwise indicated, all day rates include estimated amortization of contract mobilization/modification revenues. Estimated contract durations reflect either stated drilling periods or expected time required for the contracted well or wells.
ROWAN
HEREBY ADVISES THAT THE TABLE SET FORTH ABOVE MAY CONTAIN INACCURATE, INCOMPLETE
AND/OR INCORRECT INFORMATION AND IS SUBJECT TO CHANGE AT ANY TIME. THE
INFORMATION SHOULD NOT BE RELIED UPON FOR ANY PURPOSE, AND ROWAN HEREBY
DISCLAIMS ANY LIABILITY RELATING TO THE USE OF THE INFORMATION SET FORTH
ABOVE.
|
This
report contains forward looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including, without
limitation, statements as to the expectations, beliefs and future expected
financial performance of the Company that are based on current
expectations and are subject to certain risks, trends and uncertainties
that could cause actual results to differ materially from those projected
by the Company. Relevant factors have been disclosed in the Company's
filings with the U. S. Securities and Exchange
Commission.
Revisions
to Fleet Status Report Noted in Bold
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