Attached files
| file | filename |
|---|---|
| 8-K/A - ROWAN COMPANIES PLC | v195787_8ka.htm |
| EX-99.2 - ROWAN COMPANIES PLC | v195787_ex99-2.htm |
 |
OFFSHORE
RIG FLEET AND CONTRACT STATUS
As
of August 19, 2010
|
 |
|
OFFSHORE
RIGS
|
Contract
Status
|
|||||||||||||||||
|
Depth
(feet)
|
Year
in
|
Day
Rate
|
Estimated
|
|||||||||||||||
|
Name
|
Class
|
Water
|
Drilling
|
Service
|
Location
|
Customer
|
(in
thousands)
|
Duration
|
Comments
($ in thousands)
|
|||||||||
|
Cantilever
Jack-up Rigs:
|
||||||||||||||||||
|
Rowan
EXL IV
|
S116-E
|
350
|
35,000
|
2012
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig
is currently under construction with delivery expected in January
2012.
|
|||||||||
|
Joe
Douglas
|
240-C
|
375
|
35,000
|
2011
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig
is currently under construction with delivery expected in September
2011.
|
|||||||||
|
SKDP
III
|
*
|
N-Class
|
400
|
35,000
|
2011
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig
is currently under construction with delivery expected in June
2011.
|
||||||||
|
Rowan
EXL III
|
S116-E
|
350
|
35,000
|
2011
|
Gulf
of Mexico
|
TBD
|
TBD
|
TBD
|
Rig is currently under construction with delivery expected in February 2011. Received a commitment from McMoRan for one ultra deep gas well in the Gulf of Mexico (approximately one year) at a day rate in the low 140's. | |||||||||
|
SKDP
II
|
*
|
N-Class
|
400
|
35,000
|
2011
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig
is currently under construction with delivery expected in January
2011.
|
||||||||
|
SKDP
I
|
*
|
N-Class
|
400
|
35,000
|
2010
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig
is currently under construction with delivery expected in October
2010.
|
||||||||
|
Rowan
EXL II
|
S116-E
|
350
|
35,000
|
2010
|
Trinidad
|
BP
Trinidad
|
Mid
130s
|
November
2013
|
Rig
is 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.
|
|||||||||
|
Rowan
EXL I
|
S116-E
|
350
|
35,000
|
2010
|
Gulf
of Mexico
|
McMoRan
|
Mid
70s
|
August
2010
|
||||||||||
|
Low
140s
|
July
2011
|
|||||||||||||||||
|
Ralph
Coffman
|
240-C
|
375
|
35,000
|
2009
|
Gulf
of Mexico
|
McMoRan
|
Low
180s
|
November
2010
|
|
|||||||||
|
Middle East
|
Saudi
Aramco
|
Low 220s
|
June 2014
|
Three-year contract commencing in
late Q2 2011. Rig is expected to depart GOM in late Q4
2010.
|
||||||||||||||
|
J.P.
Bussell
|
225-C
|
300
|
35,000
|
2008
|
Egypt
|
Shell
|
Low
180s
|
May
2011
|
||||||||||
|
Rowan-Mississippi
|
240-C
|
375
|
35,000
|
2008
|
Gulf
of Mexico
|
McMoRan
|
Low
180s
|
November
2010
|
||||||||||
|
Hank
Boswell
|
225-C
|
300
|
35,000
|
2006
|
Middle
East
|
Saudi
Aramco
|
Low
190s
|
March
2011
|
||||||||||
|
Bob
Keller
|
225-C
|
300
|
35,000
|
2005
|
Middle
East
|
Saudi
Aramco
|
Low
180s
|
May
2011
|
||||||||||
|
Scooter
Yeargain
|
225-C
|
300
|
35,000
|
2004
|
Middle
East
|
Saudi
Aramco
|
Low
190s
|
March
2011
|
||||||||||
|
Bob
Palmer
|
224-C
|
550
|
35,000
|
2003
|
Gulf of
Mexico
|
Energy
XXI
|
Low
110s
|
October
2010
|
On
July 6, 2010 the Company received a notice of declaration of force majeure
from the last
operator
of the
Bob
Palmer. On
July
17, 2010 the force majeure period expired and the operator released the
rig.
|
|||||||||
|
Rig was idle for 13 days during
the month of July 2010.
|
||||||||||||||||||
|
Middle East
|
Saudi
Aramco
|
Mid 270s
|
June 2014
|
Three-year contract commencing in
late Q2 2011. Rig is expected to depart GOM in late Q4
2010.
|
||||||||||||||
|
Rowan
Gorilla VII
|
219-C
|
400
|
35,000
|
2002
|
North
Sea
|
Shipyard
|
October
2010
|
Rig
will be in the shipyard for about 60 days commencing in late August
undergoing upgrades for the Apache work.
|
||||||||||
|
Apache
|
Low
180s
|
February
2012
|
Rig
is expected to commence operations in October 2010.
|
|||||||||||||||
|
Rowan
Gorilla VI
|
219-C
|
400
|
35,000
|
2000
|
North
Sea
|
BG
|
Low
200s
|
July
2011
|
BG
extended the contract for another 12 months to operate the rig in the UK
sector of the North Sea.
|
|||||||||
|
Rowan
Gorilla V
|
219-C
|
400
|
35,000
|
1998
|
North
Sea
|
Total
|
Low
160s
|
May
2011
|
||||||||||
|
Low
180s
|
May
2012
|
|||||||||||||||||
|
See
comment
|
May
2013
|
Day
rate at mutually agreed market rate between low 150s and mid
230s.
|
||||||||||||||||
|
Rowan
Gorilla IV
|
200-C
|
450
|
35,000
|
1986
|
Mexico
|
PEMEX
|
Low
110s
|
July
2011
|
The
day rate reprices every three months based on an index of jack-up
rates. The day rate reflects rig's repricing
at the end of July
2010.
|
|||||||||
|
Rowan
Gorilla III
|
200-C
|
450
|
30,000
|
1984
|
Eastern
Canada
|
EnCana
|
Mid
280s
|
November
2010
|
||||||||||
|
Rowan
Gorilla II
|
200-C
|
350
|
30,000
|
1984
|
Gulf
of Mexico
|
undisclosed
|
Low
190s
|
August
2010
|
||||||||||
|
Rowan-California
|
116-C
|
300
|
30,000
|
1983
|
Middle
East
|
Wintershall
|
Mid
70s
|
June
2011
|
||||||||||
|
Cecil
Provine
|
116-C
|
300
|
30,000
|
1982
|
Gulf
of Mexico
|
Apache
|
Low
60s
|
August
2010
|
||||||||||
|
Gilbert
Rowe
|
116-C
|
350
|
30,000
|
1981
|
Middle
East
|
Maersk
|
Mid
70s
|
March
2011
|
||||||||||
|
Arch
Rowan
|
116-C
|
350
|
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 of July
2010.
|
|||||||||||
|
Charles
Rowan
|
116-C
|
350
|
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 of July 2010.
|
|||||||||||
|
Rowan-Paris
|
116-C
|
350
|
30,000
|
1980
|
Middle
East
|
Maersk
|
Mid
70s
|
March
2011
|
||||||||||
|
Rowan-Middletown
|
116-C
|
350
|
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 of July
2010.
|
|||||||||||
|
Conventional
Jack-up Rigs:
|
||||||||||||||||||
|
Rowan-Juneau
|
116
|
250
|
30,000
|
1977
|
Gulf
of Mexico
|
Available
|
Rig
was idle during the month of
July 2010.
|
|||||||||||
|
Rowan-Alaska
|
84
|
350
|
30,000
|
1975
|
Gulf
of Mexico
|
Available
|
Rig
was idle during the month of July
2010.
|
|||||||||||
|
Rowan-Louisiana
|
84
|
350
|
30,000
|
1975
|
Gulf
of Mexico
|
McMoRan
|
Mid
50s
|
December
2010
|
Rig
was idle during
the monthly of July 2010. Currently negotiating a
standby day rate while rig is waiting on a
permit.
|
|||||||||
"*" Denotes Keppel unit design currently under
construction at Keppel FELS shipyard in Singapore. 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. Estimated
contract durations reflect either stated drilling periods or expected time
required for the contracted well or wells. 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.
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