Rowan Unit Inks $185 Million Of Brazil Construction Contracts
Under the contrtacts, two Super 116E jack-up rigs are to be built at Petrobras' Maragojipe, Bahia, Brazil facility by the Consorcio Rio Paraguacu. The company said that the rig kits will be "substantially delivered" in 2009 while most of the drilling equipment will be provided in 2010.
Rowan said that the Super 116E Class is one of five current LTI jack-up rig designs, and is an evolution of LTI's industry workhorse 116-C Class design. The rig is designed to drill in up to 350 feet of water in moderate environmental locations and can be outfitted to handle high temperature/high pressure wells.
Houston-based Rowan is a provider of contract drilling services utilizing a fleet of 22 offshore jack-up rigs and 32 deep-well land drilling rigs. The company's manufacturing division, LTI, produces equipment for the drilling, mining and timber industries.
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