Pemex Taps Rowan's Gorilla IV for 785-Day Contract

Rowan has signed an agreement with Petroleos Mexicanos ("Pemex") for Rowan's Gorilla IV jackup, with work commencing in the second quarter of 2009. The contract is expected to provide approximately $124 million of drilling revenues.

Matt Ralls, Rowan's President and Chief Executive Officer, commented, "We are delighted for this opportunity to further diversify our global drilling operations and look forward to working for Pemex again."

Rowan Companies, Inc. is a worldwide provider of contract drilling services utilizing a fleet of 22 high-spec offshore jack-up rigs and 32 deep-well land drilling rigs.

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