Rowan awarded contract for fourth ultra-deepwater drillship

Offshore staff

HOUSTONRowan Companies plc (NYSE: RDC) reports that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan's current construction program. 

The contract is with Freeport-McMoRan Oil & Gas LLC (FM O&G), a subsidiary of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), for operations in the US Gulf of Mexico. The contract is expected to begin in the third quarter of 2015 and will add $425 million to Rowan's current contract backlog. 

The Rowan Relentless is the company's fourth ultra-deepwater drillship. All four drillships are based on a GustoMSC P10,000 hull design, capable of drilling wells to depths of 40,000 ft (12,192 m) in water depths up to 12,000 ft (3,658 m). The DP-3 compliant, dynamically positioned drillship will be equipped with retractable thrusters, two readily deployable seven-ram BOP systems,five mud pumps, dual mud systems, and a maximum hook-load capacity of 1,250 tons. All four of the company's ultra-deepwater drillships are now under long-term contracts.






Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...