Rowan Companies' subsidiary, LeTourneau, has entered into a contract to furnish vessel design and components (a LeTourneau kit) for the construction of two Super 116 Class jack-up drilling rigs.
The rigs will be built by Keppel AmFELS for Scorpion Offshore. The LeTourneau kits, which comprise of the rig's legs, jacking systems, cranes and certain other components, will be delivered in stages in accordance with the construction schedules. Rowan expects the contract to provide approximately $55 million in revenue during 2006 and 2007.
Danny McNease, Chairman and Chief Executive Officer, commented, "These rig kit orders, together with our previously announced rig construction contract for Perforadora Central demonstrate that the LeTourneau designed jack-up rigs offer superior performance and value."
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you
need utilization and industry trends or detailed reports on future rig contracts. Subscribing
to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports
using hundreds of available data columns. For more information about a RigLogix subscription,