Scooter Yeargain (ARO Drilling) (Jackup)

Rowan awarded multiple contract extensions by Saudi Aramco

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29 September 2014

Rowan Companies were today boosted by the announcement that four of its jackup rigs were awarded three year contract extensions. The’ Bob Palmer’, ‘Scooter Yeargain’, ‘Hank Boswell’ and ‘Rowan Mississippi’ units were all awarded the extensions by Saudi Aramco and will continue to work in Saudi Arabia. The ‘Bob Palmer’ is now contracted until 2017, while the rest of the units are all contracted until 2018, with dayrates ranging from USD180k to USD235k. The award of the extensions is good news for Rowan, especially considering the low levels of contracting opportunities that currently exist within the global rig market.

Source: http://www.rowancompanies.com/_filelib/FileCabinet/Fleet_Status/Offshore-CM.pdf


More News for Operator: ARO Drilling

21 Nov 2013

Rowan inks ten year contract extension for 'Bob Keller' rig

Rowan Companies has inked a ten year contract extension for the ‘Bob Keller’ jackup drilling rig, which will see the unit continue to work in the Middle East until 2024. The ten year contract extension was signed by Saudi Aramco with whom the unit has been contracted since 2008. The rigs new contract will come into effect in May 2014 with a dayrate of US$177,500 for the duration of the new contract.

2 Oct 2012

Saudi Aramco set to deploy its first KFELS Super B Class jackup rig after early delivery from Keppel FELS

Keppel FELS Limited (Keppel FELS), has delivered to Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, its first KFELS Super B Class jackup drilling rig. Named SAR 202, the rig was delivered 13 days ahead of schedule, on budget and with a perfect safety record on 2 October 2012. The vessel has been transported to Saudi Arabia for final preparations and is on track for deployment in offshore Saudi Arabia. Customised to Saudi Aramco's requirements, SAR 202 is equipped with a high capacity hook load of two million pounds for operations in high temperature and high pressure wells. Capable of drilling down to 30,000 feet, the proprietary KFELS Super B Class design is a global benchmark for ultra deep well drilling rigs.

2 Oct 2012

Saudi Aramco set to deploy its first KFELS Super B Class jackup rig after early delivery from Keppel FELS

Keppel FELS Limited (Keppel FELS), has delivered to Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, its first KFELS Super B Class jackup drilling rig. Named SAR 202, the rig was delivered 13 days ahead of schedule, on budget and with a perfect safety record on 2 October 2012. The vessel has been transported to Saudi Arabia for final preparations and is on track for deployment in offshore Saudi Arabia. Customised to Saudi Aramco's requirements, SAR 202 is equipped with a high capacity hook load of two million pounds for operations in high temperature and high pressure wells. Capable of drilling down to 30,000 feet, the proprietary KFELS Super B Class design is a global benchmark for ultra deep well drilling rigs.

22 Apr 2015

Saudi Aramco reduces wave of jackup rates - Rowan

Both Ensco Plc. (“Ensco”) and Rowan Companies Plc. (“Rowan”) have announced agreements with Saudi Aramco to reduce dayrates for a combined 12 jackups (five Rowan jackups and seven Ensco jackups). The wave of rate reductions for Rowan’s five units began on the 1st March 2015 and will last 12 months until 1st March 2016. Meanwhile the reductions for Ensco’s began in April 2015 and run until January 2016. Rates have been reduced from 9% up to 32% in some cases for the 12 jackups. The announcement of rate reductions for these units is expected to be echoed by other rig managers that have units on contract with Saudi Aramco.

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