United States

Profile: Rowan Companies PLC (RDC.N)

RDC.N on New York Stock Exchange

24 Oct 2016
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Rowan Companies plc, incorporated on October 11, 2011, is a provider of offshore contract drilling services to the international oil and gas industry, with a focus on high-specification and premium jack-up rigs and ultra-deepwater drillships. The Company operates through two segments: deepwater and jack-ups. Its deepwater segment consists of drillship operations. The Company's fleet consists of approximately 30 mobile offshore drilling units, including self-elevating jack-up rigs and ultra-deepwater drillships. The Company's fleet operates across the world, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East and Trinidad.

The Company's drilling fleet consists of approximately four ultra-deepwater drillships; 20 high-specification cantilever jack-up rigs, including three N-Class rigs, four EXL class rigs, three 240C class rigs, four enhanced Super Gorilla class rigs, one Gorilla class rig, and four Tarzan Class rigs, and eight cantilever jack-up rigs, including two Gorilla class rigs and six 116-C class rigs. The Company's drillships are equipped with approximately two drilling stations within a single derrick allowing the drillships to perform preparatory activities off-line and potentially simultaneous drilling tasks during certain stages of drilling. Its drillships are equipped to drill in approximately 12,000-foot water depths, are equipped with over 2,500,000 pound hook-load capability, and are capable of drilling high-pressure/high-temperature (HPHT) wells to approximately 40,000-foot depths.

The Company's jack-ups are capable of drilling wells to maximum depths ranging from 25,000 to 40,000 feet and in maximum water depths ranging from 300 to 550 feet, depending on rig size and location. Its three N-Class rigs are capable of drilling well depths till approximately 35,000 feet in harsh environments, such as the North Sea and in maximum water depths of approximately 450 feet depending on location. Its four EXL class rigs enable HPHT drilling in water depths till approximately 350 feet and are equipped with a hook-load capacity of approximately two million pounds. Its three 240C class rigs were designed for HPHT drilling in water depths till approximately 400 feet and are equipped with a hook-load capacity of approximately 2.5 million pounds. Its four Tarzan Class rigs are specifically designed for deep-well, HPHT drilling in till approximately 300 feet of water in benign environments. Its three Gorilla class rigs are capable of operating in water depths till approximately 328 feet in hostile environments.

Company Address

Rowan Companies PLC

Mitre House, 160 Aldersgate Stre
P: +1713.6217800

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