Rowan Drillship Swap

U.S. offshore drilling contractor Rowan announced on Wednesday that its charter contract with Fieldwood Energy for the Rowan Reliance will be transferred to the Rowan Resolute under the same contractual terms, which includes a one-year, firm term plus three 90-day options.

The ultra-deepwater drillship Rowan Resolute is expected to commence operations for Fieldwood in the U.S. Gulf of Mexico after a short contract preparation period immediately following a program with LLOG.

LLOG exercised its final option on the Rowan Resolute, which is expected to keep the rig with LLOG until February 2019.

The Rowan Reliance will remain warm-stacked offshore Louisiana in the U.S. Gulf of Mexico.

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