Thursday, January 10, 2008

Rowan swings another Gorilla deal

Houston-based Rowan Companies has won a six-month contract worth about $56 million for one of its Gorilla-class jack-up rigs off eastern Canada beginning in 2009.

It would commit its Rowan Gorilla 2 or Rowan Gorilla 3 to the contract, depending on which rig became available first. Rowan said the work was in addition to recently landed contracts for its Rowan Gorilla 6 rig in the North Sea. The company said the rig would complete six months of work for Canadian Natural Resources starting in the third quarter of 2009. The work was valued at $55 million. A further six-month contract with BG was expected to start in 2010, and also valued at $55 million.
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