Posted on 09/08/2010 1:19:47 PM PDT by epithermal
HOUSTON, Sept. 3 -- Rowan Cos. Inc. said two of its jack up drilling rigs are expected to leave the Gulf of Mexico late this year for work in the Middle East under contract with Saudi Aramco. The plans were outlined in a recent document filed with the US Securities and Exchange Commission.
The Bob Palmer independent leg cantilever jack up worked in the gulf under contract with Houston independent Apache Corp. until Apache declared force majeure, Rowan said in an earlier SEC report (OGJ Online, July 29, 2010).
Idle for 13 days during July, the Bob Palmer now works in the gulf for Energy XXI Bermuda Ltd. at a day rate in the low $110,000 range, Rowan said. Aramco’s 3-year contract for the Bob Palmer, starting second-quarter 2011, has a day rate in the mid-$270,000 range, Rowan said.
The Ralph Coffman 240-C class jack up is on contract in the gulf until November at a day rate in the low $180,000 range, Rowan said, adding Aramco has a 3-year contract for the Ralph Coffman with a day rate in the low-$220,000 range.
Currently, the Ralph Coffman is working on South Timbalier Block 144 on McMoRan Oil & Gas LLC’s Blackbeard East prospect.
Rowan has nine jack up rigs in the gulf subject to new safety regulations and information requirements applicable to shallow-water drilling operations. These changes, outlined in Notices to Lessees from the Bureau of Ocean Energy Management, Regulation, and Enforcement, follow the Deepwater Horizon accident and oil spill from the Macondo well.
An Apr. 20 blowout of the Macondo well, operated by BP PLC and drilled by Transocean Ltd.’s Deepwater Horizon semisubmersible on Mississippi Canyon Block 252, resulted in an explosion and fire that killed 11 people on the Deepwater Horizon.
The people living on the Gulf coast can feed copies of Barack the Kenyan’s offshore drilling ban to their families. It’s a “Hopey/Changey” thing.
...and they can serve his TWO autobiographies for dessert....................
Zer0’s plan is working like clockwork. The Muzzie oil producers are going to make out like bandits selling crude to us to fill the shortage in supply from our production being halted. Zer0 is committing treason before our very eyes and nobody is screaming about it.
US technology & know how: FREE.
Need a job? Wanna help start universities? Libraries? Banks? All kinds of business firms?
How about these searches:
Saudi Arabia http://www.bing.com/search?q=job+openings+saudi+arabia&form=MSNH14&qs=n
UAE http://www.bing.com/search?q=job+openings+uae&form=QBRE&qs=n&sk=
Lebanon http://www.bing.com/search?q=job+openings+lebanon&form=QBRE&qs=n&sk=&sc=8-14
Dubai http://www.bing.com/search?q=job+openings+dubai&form=QBRE&qs=n&sk=&sc=1-17
Iran http://www.bing.com/search?q=job+openings+iran&form=QBRE&qs=n&sk=&sc=2-20
US university open Middle East braches:
http://www.bing.com/search?q=US+university+open+Middle+East+braches&form=QBRE&qs=n&sk=
This post is not meant as an endorsement. Look up your own local universities, large and small. See what they’ve been up to.........and who the top university direct hires are for Middle Eastern university start ups or branches.
A person could think the ME countries are out to steal US intellectual capital right out from under our noses.
Yeah and Par boiled copies of dreams of “my drunken communist father” for a main course.
Thanks, Obama - you Marxist SOB! Oh, and thanks to the idiots that voted his Communist ass into office!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.