Global offshore contract driller Rowan Companies, Inc., a subsidiary of Rowan Companies plc, will lay off 80 to 110 employees, according to information sent to the Texas Workforce Commission (TWC).
The layoffs, set to occur beginning Jan. 14, will affect employees who work on the Rowan Renaissance (UDW drillship). A notice to the TWC stated the layoffs are due to the customer’s termination of the drilling contract. The rig, currently on standby mode in the Gulf of Mexico near Grand Isle, Louisiana, is managed from Rowan’s corporate headquarters in Houston.
Rowan will retain some employees to maintain the rig while it is idle, but the layoffs are expected to be permanent. According to the company’s website, it currently has rigs in the Gulf of Mexico, Middle East, Central and South America and the North Sea.
On Nov. 21, Rowan announced it would form an equally owned joint venture with Saudi Aramco to operate offshore drilling rigs in Saudi Arabia.
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