Rowan subsidiary to provide jack-up kits - July 10, 2005

Providing coverage of Alaska and northern Canada's oil and gas industryJuly 2005

Vol. 10, No. 28

Week of July 10, 2005

Rowan subsidiary to provide jack-up kits

Contract drilling company Rowan said its subsidiary, LeTourneau, has agreed to furnish vessel design and components, known as the LeTourneau kit, for construction of two Super 116 Class jack-up drilling rigs.

The rigs will be built by Keppel AmFELS for Scorpion Offshore, Rowan said July 6. The LeTourneau kits, which consist of the rig’s legs, jacking systems, cranes and other components, are to be delivered in stages in accordance with construction schedules, the company added. Rowan said it expects the kit contract to provide about $55 million in revenue during 2006 and 2007.

—Ray Tyson

Petroleum News - Phone: 1-907 522-9469
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