‘Rowan Reliance’ awarded contract by Fieldwood

Source: press release, 29 October 2018

‘Rowan Reliance’, an R-Class ultra-deepwater drillship
‘Rowan Reliance’, an R-Class ultra-deepwater drillship (photo: Rowan Companies)

Rowan Companies plc has announced that the Rowan Reliance, an R-Class ultra-deepwater drillship, has been awarded a contract in the United States Gulf of Mexico by Fieldwood Energy LLC with a firm term of 1 year plus three 90-day options at then market rates. The contract is expected to commence the first quarter of 2019. The Rowan Reliance is currently warm stacked offshore Louisiana in the US Gulf of Mexico.

Tom Burke, Rowan’s President and Chief Executive Officer, comments, “We are excited to continue our long-standing relationship with Fieldwood, a premier offshore operator, and look forward to a successful, long-term partnership with this major player in the Gulf of Mexico.”

In addition, Cantium has extended its previously announced contract for the EXL III in the US Gulf of Mexico by 3 months. The firm term of this contract is now 9 months followed by two 6-month options with increasing day rates.

Finally, BP has extended its contract with the Joe Douglas in Trinidad by one well with an expected duration of 76 days. The extension includes one additional two-well option at then market rates.