First two options for ‘Rowan Relentless’ exercised by ExxonMobil

Source: press release, 3 December 2018

‘VALARIS DS-18’ (‘Relentless’), a GustoMSC P10,000, ultra-deepwater drillship
‘VALARIS DS-18’ (‘Relentless’), a GustoMSC P10,000, ultra-deepwater drillship (photo: Valaris Limited)

Rowan Companies plc has announced that ExxonMobil has exercised the first two options for the Rowan Relentless, an R-Class ultra-deepwater drillship.

The options will be used for operations in the US Gulf of Mexico and have an expected duration of 30 days each. The Rowan Relentless has been under contract since September 2018 to ExxonMobil, who has two remaining one-well options for the rig.

Rowan is a global provider of contract drilling services with a fleet of 25 mobile offshore drilling units, composed of 21 self-elevating jack-up rigs and four ultra-deepwater drillships. The Company’s fleet operates worldwide, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East, the Mediterranean Sea, and Trinidad.

Additionally, the Company is a 50/50 partner in a joint venture with Saudi Aramco, entitled ARO Drilling, that owns a fleet of seven self-elevating jack-up rigs that operate in the Arabian Gulf.