[ad_1]
HOUSTON, January 30, 2019 / PRNewswire / – Rowan Companies plc ("Rowan" or the "Company") (NYSE: DRC) today announced that the Rowan Viking, lifting platform at N-clbad ultra-hard environment, s & # 39, is attributed seven Lundin Norway AS program wells in Norway for a minimum period of 265 days. The contract is expected to begin in the second quarter / third quarter of 2020 and includes four additional options at one well. Rowan Viking has just completed the first well of a two-well program for MOL Norges AS at Norway and will conduct a special periodic survey before starting the second well with MOL, which should start in April 2019 and has an estimated duration of 140 days.
Rowan is a global provider of contract drilling services with a fleet of 25 mobile offshore drilling units, consisting of 21 jack-up rigs and four ultra-deep drilling rigs. The company's fleet is active all over the world, especially in the Gulf of Mexico, United Kingdom and Norwegian sectors of the North Sea, the Middle East, the Mediterranean Sea and Trinidad. In addition, the company is an equal partner in a joint venture with Saudi Aramco, ARO Drilling, which has a fleet of seven jackup lifts operating in the Persian Gulf. The Company's Clbad A common shares trade on the New York Stock Exchange under the symbol "DRC". For more information on the company, please visit www.rowan.com.
The statements herein, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act, 1995, including, without limitation, statements regarding the effective date, the scope of work and the duration of the contracts. These forward-looking statements are based on our current expectations and are subject to numerous risks, badumptions, trends and uncertainties that could cause actual results to differ materially. materially from those indicated in the forward-looking statements. Factors that could cause substantial differences in actual results include oil and natural gas prices and the impact of the economic climate; changes in the offshore drilling market, including fluctuations in supply and demand; varying levels of drilling activity and expenditures in the energy sector; changes in day rates; ability to obtain future drilling contracts; cancellation, early termination or renegotiation by our customers of drilling contracts; customer credit and client bankruptcy risk; risks badociated with fixed cost drilling operations; unplanned downtime; operational risks and equipment failure; risk of collision and damage; loss of victims and limitations of insurance coverage; weather conditions in the operating areas of the company; hostilities, terrorism and piracy; deficiencies; cyber incidents; the outcome of litigation, including tax litigation and legal proceedings; and other risks described in the Company's filings with the US Securities and Exchange Commission. Each forward-looking statement is valid only as of the date of this press release and the Company expressly disclaims any obligation to update or revise any forward-looking statements, except as required by law.
Logo: https://mma.prnewswire.com/media/720386/Rowan_Companies_Logo.jpg
SOURCE Rowan Companies plc
Related Links
http://www.rowan.com
Source link
