Repsol terminates Rowan drillship contract

Offshore staff

HOUSTON – Repsol E&P USA Inc. has issued a notice of early termination to Rowan Companies for the ultra-deepwater drillship Rowan Renaissance.

Rowan says it expects to continue to be paid by Repsol on a monthly basis through the original termination date of April 22, 2017, at a rate slightly less than the current standby rate.

The drilling contractor plans to reduce manning and warm stack the drillship in the near term.

11/16/2016

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

Whitepapers

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 ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...