Rowan Gorilla III (Rowan) (Jackup)

Trintiy Exploration & Production use 'Rowan Gorilla III' to strike oil in Trinidad

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09 December 2013

Trinity Exploration & Production (Trinity) has announced that the company has struck oil whilst drilling the TGAL-1 wildcat well in Trinidad & Tobago. Trinity used the ‘Rowan Gorilla III’ jackup rig to drill the wildcat well in the Galeota licence. Trinity spudded the well on the 31st October 2013 and intersected five oil bearing reservoir packages before drilling was stopped after the well reached a total depth of 5,694ft. Trinity is now evaluating whether further appraisal of the discovery is required. The ‘Rowan Gorilla III’ is currently contracted to a consortium of oil & gas operators in Trinidad including, Trinity, Centrica, EOG Resources and Repsol and is contracted firmly until November 2014.

Source: http://www.trinityexploration.com/wp-content/uploads/2013/12/TGAL-1-discovery.pdf


More News for Operator: Rowan

16 Sep 2008

Rowan Reports on Condition of Gulf of Mexico Fleet Following Hurricane Ike

Rowan Companies, Inc. (NYSE:RDC) announced today that it has completed an initial aerial survey of its nine rigs in the Gulf of Mexico. All of the Company's rigs were on location, with the exception of the Rowan-Anchorage. The Company is undertaking efforts to locate the rig but believes it may have capsized and sunk at its pre-storm location offshore Louisiana. All appropriate regulatory agencies have been notified. In addition, Rowan's Sabine Pass, Texas facility encountered a significant storm surge and is expected to be out of commission for some time. The Company's newbuild jack-up, Rowan-Mississippi, which is stationed there for final outfitting, was apparently struck by another vessel during the storm. The Company's initial assessment is that the damage is limited and should not delay the rig's scheduled delivery. Rowan's other rigs in the Gulf Coast area appear to have sustained minimal damage but a complete evaluation of their condition will require a closer inspection upon the return of the Company's drilling personnel. Crew members have begun returning to their assigned rigs and normal operations should resume as soon as possible. The Rowan-Anchorage was a LeTourneau 52-class slot jack-up rig. The rig had been secured at its pre-storm location in Vermillion Block 201 and all personnel were evacuated prior to the arrival of Hurricane Ike. It was insured for $60 million, less a $17.5 million windstorm deductible, and had a carrying value of approximately $4.5 million. The rig had been operating under a well-to-well contract at a day rate of approximately $60,000.

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