Attached files
| file | filename |
|---|---|
| 8-K - ROWAN COMPANIES PLC | v205319_8k.htm |
| EX-99.2 - ROWAN COMPANIES PLC | v205319_ex99-2.htm |
 |
ROWAN
COMPANIES, INC.
OFFSHORE
RIG FLEET AND CONTRACT STATUS
As
of December 22, 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
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Estimated
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Name
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Class
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Water
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Drilling
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Service
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Location
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Customer
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(in thousands)
|
Duration
|
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
|
2012
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Available
|
Rig
is under construction with delivery expected in January
2012.
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Joe
Douglas
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240-C
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375
|
35,000
|
2011
|
Gulf
of Mexico
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McMoRan
|
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
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*
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N-Class
|
400
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35,000
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2011
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UK
North Sea
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Xcite
Energy
|
Low
250s
|
June
2012
|
Rig
is under construction with delivery expected in June 2011. Received
LOI for approximately 240 days. LOI provides for a termination fee of
$4
million payable by the customer in the event it does not enter into the
drilling contract by January 15,
2011. Customer is required to provide security in the amount of $30
million for the first 120 days of the contract term by January 15,
2011. Customer is also required to provide additional security
in the amount of $30 million for the second 120 days of the contract term
by January 31,
2011. Customer may reduce the contract term to 120 days, in
which event it will be required to increase the security from $30 million
to $33.6 million and day rate is increased to low 280s
.
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Rowan
EXL III
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S116-E
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350
|
35,000
|
2011
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Gulf
of Mexico
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McMoRan
|
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
|
*
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N-Class
|
400
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35,000
|
2011
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Available
|
Rig
is under construction with delivery expected in January
2011.
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Previous
customer LOI was rescinded due to well engineering
issues.
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Rowan
Viking
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*
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N-Class
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400
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35,000
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2010
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UK
North Sea
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Total
UK
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Rig
completed construction in October 2010 and departed the shipyard in mid
November 2010.
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Rig
received an LOI from Total UK for
approximately nineteen months commencing in March 2011 at day rate
in the low
220s.
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Rowan
EXL II
|
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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Mid
130s
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January
2014
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Rig
is expected to
commence operations in January
2011.
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Rowan
EXL I
|
S116-E
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350
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35,000
|
2010
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Gulf
of Mexico
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McMoRan
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Low
140s
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July
2011
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Ralph
Coffman
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240-C
|
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
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January
2011
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Middle
East
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Saudi
Aramco
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Low
220s
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June
2014
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Rig
is expected to depart GOM in Q1 2011 and commence operations on three-year
contract commencing in late Q2 2011.
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J.P.
Bussell
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225-C
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300
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35,000
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2008
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Egypt
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Shell
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Low
180s
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December 2010
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Rowan-Mississippi
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240-C
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375
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35,000
|
2008
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Gulf
of Mexico
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McMoRan
|
Low
180s
|
March
2011
|
Received a verbal
commitment from McMoRan for one additional
ultra deep gas well in the Gulf of Mexico (approximately one year) at a
day rate in the low 180's commencing
March
2011.
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Hank
Boswell
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225-C
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300
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35,000
|
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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Bob
Keller
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225-C
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300
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35,000
|
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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Scooter
Yeargain
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225-C
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300
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35,000
|
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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Bob
Palmer
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224-C
|
550
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35,000
|
2003
|
Middle
East
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Saudi
Aramco
|
Mid
270s
|
April
2014
|
Rig
will enter the shipyard in the Middle East in January 2011
for modifications/upgrades before commencing operations on
three-year contract in early Q2 2011. Rig was idle during the
month of November
2010.
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Rowan
Gorilla VII
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219-C
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400
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35,000
|
2002
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UK
North Sea
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Apache
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Low
180s
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May
2012
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Rig
was idle for 6 days during the month of November 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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UK
North Sea
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BG
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Low
200s
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July
2011
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Rowan
Gorilla V
|
219-C
|
400
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35,000
|
1998
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UK
North Sea
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Total
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Low
160s
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February
2011
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Low
180s
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February
2012
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Mid 200s
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February
2013
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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
|
Mid
120s
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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 repricing at the end of
October 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
|
1984
|
Eastern
Canada
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Available
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Rig
was idle during the month of November 2010.
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Rowan
Gorilla II
|
200-C
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350
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30,000
|
1984
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Gulf
of Mexico
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ENI
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Low
100s
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Jamuary 2011
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Apache
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Low
110s
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March
2011
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Rowan-California
|
116-C
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300
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30,000
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1983
|
Middle
East
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Wintershall
|
Mid
70s
|
November 2011
|
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Cecil
Provine
|
116-C
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300
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30,000
|
1982
|
Gulf
of Mexico
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Apache
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Low
60s
Mid
60s
|
December
2010
January
2011
|
Contract
extended for one well.
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Gilbert
Rowe
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116-C
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350
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30,000
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1981
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Middle
East
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Maersk
|
Mid
60s
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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
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Available
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Rig
is in the shipyard for general maintenance and upgrades and was in the
shipyard during the month of November
2010.
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Charles
Rowan
|
116-C
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350
|
30,000
|
1981
|
Middle
East
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Available
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Rig
is in the shipyard for general maintenance and upgrades and was in the
shipyard during the month of November
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
|
Middle
East
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Maersk
|
Mid
70s
|
March
2011
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Rowan-Middletown
|
116-C
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350
|
30,000
|
1980
|
Middle
East
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Available
|
Rig
is in the shipyard for general maintenance and upgrades and was in the
shipyard during the month of November
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 Novemberc
2010. Rig is available for sale.
|
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Rowan-Alaska
|
84
|
350
|
30,000
|
1975
|
Gulf
of Mexico
|
Available
|
Rig
was idle during the month of November
2010. Rig is available for sale.
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Rowan-Louisiana
|
84
|
350
|
30,000
|
1975
|
Gulf
of Mexico
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McMoRan
|
Mid
50s
|
June 2011
|
Rig has been
idle since June 2010 waiting on
permit. Rig is available for sale.
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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