Attached files
| file | filename |
|---|---|
| 8-K - ROWAN COMPANIES PLC | v199777_8k.htm |
| EX-99.2 - ROWAN COMPANIES PLC | v199777_ex99-2.htm |
 |
ROWAN
COMPANIES, INC.
OFFSHORE
RIG FLEET AND CONTRACT STATUS
As
of October 25, 2010
|
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|
OFFSHORE RIGS
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Contract Status
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Depth (feet)
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Year in
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Day Rate
|
Estimated
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Name
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Class
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Water
|
Drilling
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Service
|
Location
|
Customer
|
(in thousands)
|
Duration
|
Comments
($ in thousands)
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Cantilever
Jack-up Rigs:
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Rowan
EXL IV
|
S116-E
|
350 | 35,000 |
2012
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig
is under construction with delivery expected in January
2012.
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|
Joe
Douglas
|
240-C
|
375 | 35,000 |
2011
|
Gulf
of Mexico
|
TBD
|
TBD
|
TBD
|
Rig
is under construction with delivery expected in September
2011.
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|
Received a verbal
commitment from McMoRan for one ultra deep gas well in Gulf of Mexico
(approximately one year)
at a day rate in the low 180s.
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| Rowan Norway | * |
N-Class
|
400 | 35,000 |
2011
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig
previously named SKDP III. Rig is under construction with
delivery expected in June 2011.
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Rowan
EXL III
|
S116-E | 350 | 35,000 |
2011
|
Gulf
of Mexico
|
TBD
|
TBD
|
TBD
|
Rig
is under construction with delivery expected in January
2011.
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|
Received a verbal
commitment from McMoRan for one ultra deep gas well in Gulf of Mexico
(approximately one year)
at a day rate in the low 140s.
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| Rowan Stavanger | * |
N-Class
|
400 | 35,000 |
2011
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig
previously named SKDP II. Rig is under construction with
delivery expected in January 2011.
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| Rowan Viking | * |
N-Class
|
400 | 35,000 |
2010
|
TBD
|
TBD
|
TBD
|
TBD
|
Rig previously named
SKDP I. Rig
completed construction in October 2010 and is expected to depart the
shipyard mid November 2010 for the North Sea in anticipation of future
contract
work.
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Rowan
EXL II
|
S116-E
|
350 | 35,000 |
2010
|
Trinidad
|
BP
Trinidad
|
Mid
130s
|
November
2013
|
Rig is expected to
commence operations in mid
November 2010. Day rate reflects average
rate over the contract
period and includes amortization of contract mobilization/modification
revenues.
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Rowan
EXL I
|
S116-E
|
350 | 35,000 |
2010
|
Gulf
of Mexico
|
McMoRan
|
Low
140s
|
July
2011
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Ralph
Coffman
|
240-C
|
375 | 35,000 |
2009
|
Gulf
of Mexico
|
McMoRan
|
Low
180s
|
December
2010
|
Rig
was idle for three days during the month of September
2010.
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Middle
East
|
Saudi
Aramco
|
Low
220s
|
June
2014
|
Rig is expected to
depart GOM in early Q1 2011 and commence operations on three-year contract
commencing in
late Q2 2011.
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J.P.
Bussell
|
225-C
|
300 | 35,000 |
2008
|
Egypt
|
Shell
|
Low
180s
|
May
2011
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Rowan-Mississippi
|
240-C
|
375 | 35,000 |
2008
|
Gulf
of Mexico
|
McMoRan
|
Low
180s
|
December
2010
|
Received a verbal
commitment from McMoRan for one ultra deep gas well in the Gulf of Mexico
(approximately one
year) at a day rate in the low
180's.
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Hank
Boswell
|
225-C
|
300 | 35,000 |
2006
|
Middle
East
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Saudi
Aramco
|
Low
190s
|
March
2011
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Bob
Keller
|
225-C
|
300 | 35,000 |
2005
|
Middle
East
|
Saudi
Aramco
|
Low
180s
|
May
2011
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Scooter
Yeargain
|
225-C
|
300 | 35,000 |
2004
|
Middle
East
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Saudi
Aramco
|
Low
190s
|
March
2011
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Bob
Palmer
|
224-C
|
550 | 35,000 |
2003
|
Gulf
of Mexico
|
Shipyard
|
October
2010
|
Rig was idle for
10
days during the month of September
2010. Rig entered the shipyard in mid September 2010
and is undergoing modifications for the Saudi Aramco work before departing
the GOM in
late October 2010.
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Middle
East
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Saudi
Aramco
|
Mid
270s
|
April
2014
|
Rig will
enter the shipyard in the Middle East for modifications/upgrades before
commencing operations on three-year contract in early
Q2 2011.
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Rowan
Gorilla VII
|
219-C
|
400 | 35,000 |
2002
|
North
Sea
|
Shipyard
|
October
2010
|
Rig is in the
shipyard undergoing upgrades for Apache. Rig
was idle in September 2010, but recognized a $3
million leg down lump sum fee from the prior
customer.
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Apache
|
Low
180s
|
February
2012
|
Rig
is expected to commence operations in late October
2010.
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Rowan
Gorilla VI
|
219-C
|
400 | 35,000 |
2000
|
North
Sea
|
BG
|
Low
200s
|
July
2011
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Rowan
Gorilla V
|
219-C
|
400 | 35,000 |
1998
|
North
Sea
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Total
|
Low
160s
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February 2011
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|
Low
180s
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February
2012
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|
See
comment
|
February
2013
|
Day
rate at mutually agreed market rate between low 150s and mid
230s.
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Rowan
Gorilla IV
|
200-C
|
450 | 35,000 |
1986
|
Mexico
|
PEMEX
|
Mid
120s
|
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 October
2010.
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|
Rowan
Gorilla III
|
200-C
|
450 | 30,000 |
1984
|
Eastern
Canada
|
Available
|
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Rowan
Gorilla II
|
200-C
|
350 | 30,000 |
1984
|
Gulf
of Mexico
|
NorthStar
/ ADTI
|
Low
100s
|
November
2010
|
Rig
was idle for 19 days during the month of September
2010.
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|
Rowan-California
|
116-C
|
300 | 30,000 |
1983
|
Middle
East
|
Wintershall
|
Mid
70s
|
June
2011
|
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|
Cecil
Provine
|
116-C
|
300 | 30,000 |
1982
|
Gulf
of Mexico
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Apache
|
Low
60s
|
December
2010
|
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|
Gilbert
Rowe
|
116-C
|
350 | 30,000 |
1981
|
Middle
East
|
Maersk
|
Mid
70s
|
March
2011
|
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|
Arch
Rowan
|
116-C
|
350 | 30,000 |
1981
|
Middle
East
|
Available
|
Rig is in the
shipyard for general maintenance and upgrades and was in the shipyard
during the month of
September
2010.
|
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|
Charles
Rowan
|
116-C
|
350 | 30,000 |
1981
|
Middle
East
|
Available
|
Rig is in the
shipyard for general maintenance and upgrades and was in the shipyard
during the month of
September
2010.
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|
Rowan-Paris
|
116-C
|
|
350 | 30,000 |
1980
|
Middle
East
|
Maersk
|
Mid
70s
|
March
2011
|
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|
Rowan-Middletown
|
116-C
|
350 | 30,000 |
1980
|
Middle
East
|
Available
|
Rig is in the
shipyard for general maintenance and upgrades and was in the shipyard
during the month of
September
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 September
2010.
|
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|
Rowan-Alaska
|
84
|
350 | 30,000 |
1975
|
Gulf
of Mexico
|
Available
|
Rig
was idle during the month of September
2010.
|
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|
Rowan-Louisiana
|
84
|
350 | 30,000 |
1975
|
Gulf
of Mexico
|
McMoRan
|
Mid
50s
|
May
2011
|
Currently negotiating
a standby day rate while rig
is waiting on a
permit.
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"*"
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