Rowan Norway Limited has been awarded a contract for drilling two wells at the Gudrun field by use of the Rowan Stavanger jack-up rig. The rig has furthermore been awarded five options for drilling of single wells.
Equinor has signed a framework agreement with Rowan Norway Limited, based on terms that will also apply to future rig contracts with the company.
The contract with Rowan Stavanger is based on the framework format and gives Equinor exclusive right to use the rig up to 2025 if the rig is kept in continuous operation.
The value of the fixed part of the contract is estimated at USD 23 million. In addition to drilling services, the rig owner is responsible for casing running, slop treatment and cuttings handling.
“We are pleased to establish an agreement with a rig supplier that is new to us as operator on the Norwegian continental shelf. Rowan is a large worldwide supplier of jack-up rigs. We want to have a long-term cooperation with Rowan and have therefore signed a framework agreement with them,” says Geir Tungesvik, senior vice president for Equinor’s drilling & well cluster.
About Equinor
Equinor, is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.
About Rowan
Rowan is a global provider of offshore contract drilling services. Our young fleet includes four ultra-deepwater drillships and 21 jack-up rigs, 17 of which are rated high-specification. Additionally, Rowan is a 50% shareholder of ARO Drilling, an offshore drilling joint venture with Saudi Aramco.