Rowan Announces Contract with Lundin Norway for the Rowan Viking

Source Press Release
Company Rowan Companies plc  
Tags Service Contracts
Date January 30, 2019

Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that the Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a seven-well program by Lundin Norway AS in Norway for a minimum duration of 265 days.  The contract is expected to commence in Q2/Q3 2020 and has four additional one-well priced options.  The Rowan Viking has just completed the first well of a two-well program for  MOL Norges AS in Norway and will perform a Special Periodic Survey prior to commencing the second well with  MOL, which is expected to start in April 2019 and has an estimated duration of 140 days.

Rowan is a global provider of contract drilling services with a fleet of 25 mobile offshore drilling units, composed of 21 self-elevating jack-up rigs and four ultra-deepwater drillships.  The Company's fleet operates worldwide, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East, the Mediterranean Sea, and Trinidad. Additionally, the Company is a 50/50 partner in a joint venture with Saudi Aramco, entitled ARO Drilling, that owns a fleet of seven self-elevating jack-up rigs that operate in the Arabian Gulf.  The Company's Class A Ordinary Shares are traded on the New York Stock Exchange under the symbol "RDC".  For more information on the Company, please visit .

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