Rowan Drilling has announced the purchase of two jack-up rigs from Petrobras for a price of $35.8 million each.
The drilling firm bought two jack-up rigs, the P-59 and P-60, from a Petrobras public auction in May last year.
Tom Burke, president and chief executive officer of Rowan Drilling, said: “We consider this purchase an opportunistic investment, made near a cyclical low, at a highly attractive price.
“Since mid-2015 we have divested five older jack-ups (Rowan Louisiana, Rowan Juneau, Rowan Alaska, Rowan Gorilla II and Rowan Gorilla III).
“The addition of these two modern rigs will help renew the Rowan fleet and increase the Company’s future earnings capability.”
Rowan Drilling also announced that it has sold the jack-up Celine Provine for scrap and has also cold-stacked the Gorilla IV rig after its last contract concluded.
Recommended for you
