Attached files
| file | filename |
|---|---|
| 8-K - ROWAN COMPANIES PLC | v208578_8k.htm |
| EX-99.2 - ROWAN COMPANIES PLC | v208578_ex99-2.htm |
 |
ROWAN
COMPANIES, INC.
OFFSHORE
RIG FLEET AND CONTRACT STATUS
As
of January 21, 2011
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OFFSHORE
RIGS
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Contract
Status
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Depth
(feet)
|
Year
in
|
Day
Rate
|
Estimated
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|
Name
|
Class
|
Water
|
Drilling
|
Service
|
Location
|
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
|
350
|
35,000
|
2012
|
Available
|
Rig
is under construction with delivery expected in January
2012.
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|
Joe
Douglas
|
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240-C
|
375
|
35,000
|
2011
|
Gulf
of Mexico
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McMoRan
|
|
Rig
is under construction with delivery expected in September
2011.
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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N-Class
|
400
|
35,000
|
2011
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UK
North Sea
|
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 31,
2011. Customer is required to provide security in the amount
of $30 million for the first 120 days of the contract
term by January 31,
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
|
|
S116-E
|
350
|
35,000
|
2011
|
Gulf
of Mexico
|
McMoRan
|
|
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.
Rig
delivered in December 2010 and will begin receiving standby rate in the
low 80s commencing in late January 2011 while waiting on McMoRan to secure
a drilling permit.
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|
Rowan
Stavanger
|
*
|
N-Class
|
400
|
35,000
|
2011
|
North
Sea
|
Talisman
Norway
|
Low
300s
|
August
2011
|
Rig
is under construction with delivery expected in January 2011.
Rig received
an LOI for approximately 90 to 120 days for accommodation work in the
Norwegian Sector of the North Sea. Commencement
date is expected to occur between May and August 2011
upon receipt of Norwegian regulatory
approval.
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Rowan
Viking
|
*
|
N-Class
|
400
|
35,000
|
2011
|
UK
North Sea
|
Total
UK
|
Rig
received an LOI from Total UK for approximately nineteen months commencing
in March 2011 at day rate in the low 220s. Rig
is in the shipyard undergoing modifications for Total
UK. |
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Rowan
EXL II
|
S116-E
|
350
|
35,000
|
2011
|
Trinidad
|
BP
Trinidad
|
Mid
130s
|
January
2014
|
Rig
is expected to commence operations in late
January 2011.
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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
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McMoRan
|
Low
180s
|
March
2011
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Middle
East
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Saudi
Aramco
|
Low
220s
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June
2014
|
Rig
is expected to depart GOM in Q2
2011 and commence operations on three-year contract
commencing in Q3
2011.
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J.P.
Bussell
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225-C
|
300
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35,000
|
2008
|
Egypt
|
Available
|
Rig
was idle for 9 days during the month of December 2010.
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Rowan-Mississippi
|
240-C
|
375
|
35,000
|
2008
|
Gulf
of Mexico
|
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
|
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
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Saudi
Aramco
|
Low
180s
|
May
2011
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Scooter
Yeargain
|
225-C
|
300
|
35,000
|
2004
|
Middle
East
|
Saudi
Aramco
|
Low
190s
|
March
2011
|
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Bob
Palmer
|
224-C
|
550
|
35,000
|
2003
|
Middle
East
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Saudi
Aramco
|
Mid
270s
|
April
2014
|
Rig
is in the shipyard in the Middle East undergoing
modifications/upgrades for Saudi Aramco before
commencing operations on three-year contract in early
Q2 2011. Rig was idle during the month of December
2010.
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Rowan
Gorilla VII
|
219-C
|
400
|
35,000
|
2002
|
UK
North Sea
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Apache
|
Low
180s
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May
2012
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Rowan
Gorilla VI
|
219-C
|
400
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35,000
|
2000
|
UK
North Sea
|
BG
|
Low
200s
|
July
2011
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Rowan
Gorilla V
|
219-C
|
400
|
35,000
|
1998
|
UK
North Sea
|
Total
|
Low
160s
|
February
2011
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Low
180s
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February
2012
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Mid
200s
|
February
2013
|
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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
|
Gulf
of Mexico
|
Available
|
|
Rig
is en route to the Gulf of Mexico and expected to arrive late January
2011. Rig was idle during the month of December
2010.
|
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|
Rowan
Gorilla II
|
200-C
|
350
|
30,000
|
1984
|
Gulf
of Mexico
|
Apache
|
Low
110s
|
April
2011
|
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Rowan-California
|
116-C
|
300
|
30,000
|
1983
|
Middle
East
|
Wintershall
|
Mid
70s
|
November
2011
|
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|
Cecil
Provine
|
116-C
|
300
|
30,000
|
1982
|
Gulf
of Mexico
|
Apache
|
Mid
60s
|
February
2011
|
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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 December
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 December
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 December
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 December
2010.
|
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|
Rowan-Alaska
|
84
|
350
|
30,000
|
1975
|
Gulf
of Mexico
|
Available
|
Rig
was idle during the month of December
2010.
|
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|
Rowan-Louisiana
|
84
|
350
|
30,000
|
1975
|
Gulf
of Mexico
|
Available
|
Rig
released from McMoRan commitment. Rig was idle during
the month of December
2010.
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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