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Rowan Companies Secured a New Contract Last Week

Sue Goodridge
Updated
Rowan Companies Secured a New Contract Last Week

In the previous week, Rowan Companies (RDC) announced that its rig, Rowan Viking, secured a five-well contract with Shell UK (RDS.A) for work in the North Sea. The North Sea is one of the most vibrant segments in the offshore drilling (IYE) market. Rowan Viking is an N-class ultra-harsh environment jack-up rig. The contract is expected to commence in June 2018. The contract will continue for ~100 days. The company hasn’t disclosed the day rate for the new contract. Currently, Rowan Viking is working in Norway at a day rate of $219,000. Backlog

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