Rowan has committed the Super Gorilla class jack-up rig Bob Palmer to the project, which should commence during the first quarter of 2007. Rowan estimates revenues from this contract will be approximately $160-170 million.
Danny McNease, Chairman and Chief Executive Officer, commented, "This contract reaffirms the market for drilling high pressure/high temperature wells deeper than 25,000 feet and provides the highest rate ever for a jack-up rig in the Gulf of Mexico."
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