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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

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...