Each of the Company's other Gulf of Mexico rigs was identified, though an assessment of their condition will depend upon closer inspection. The Company will conduct more extensive aerial surveys as soon as weather conditions allow and will provide an update on the status of its Gulf of Mexico fleet once additional information is available.
The Rowan Odessa, Rowan Halifax and Rowan Louisiana were operating under contracts that provided for total revenues of approximately $210,000 per day. The rigs are collectively insured for an amount that exceeds their aggregate carrying value. The Company does not maintain insurance against loss of revenue.
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