Global and Regional MarketsNewsThe Offshore Frontier

Rowan Reliance awarded contract by Fieldwood

Rowan has announced that the Rowan Reliance, an R-Class ultra-deepwater drillship, has been awarded a contract in the US Gulf of Mexico by Fieldwood Energy with a firm term of one year plus three 90-day options at then market rates.  The contract is expected to commence Q1 2019.  The Rowan Reliance is currently warm-stacked offshore Louisiana in the US Gulf of Mexico.

“We are excited to continue our long-standing relationship with Fieldwood, a premier offshore operator, and look forward to a successful, long-term partnership with this major player in the Gulf of Mexico,” Tom Burke, Rowan’s President and Chief Executive Officer, said.

In addition, Cantium has extended its previously announced contract for the EXL III jackup in the US Gulf of Mexico by three months.  The firm term of this contract is now nine months, followed by two six-month options with increasing dayrates.

Finally, BP has extended its contract with the Joe Douglas jackup in Trinidad by one well with an expected duration of 76 days. The extension includes one additional two-well option at then market rates.

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