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Rowan plc

ISIN: GB00B6SLMV12 | WKN: A1JX3V | Symbol: RC0
-0,50 %
-0,050 EUR

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...offshore driller;

Ergänzung der peer-group.

Angeblich einer, der alle seine Schulden aus backlog cash-flow zurückzahlen kann.
Rowan Companies To Cut Jobs Following Contract Cancellation

Between 80 to 110 Houston-based employees at Rowan Companies PLC may be cut following the cancellation of a drillship contract with Repsol E&P USA Inc.

According to a report by the Houston Business Journal, bumping rights are not available for employees and the company expects cuts to begin in a two-week period starting Jan. 14. In a filing with the U.S. Securities and Exchange Commission, dated Nov. 8, the notice of an early termination from Repsol under the terms of the contract for the drillship Rowan Renaissance was effective immediately.

The filing also says Rowan expects to collect payments from Repsol “on a monthly basis through the original termination date of April 22, 2017, at a rate slightly below the current standby rate.”

The report by HBJ said the company currently plans to retain some employees to work on the Rowan Renaissance while idle near Grand Isle, LA and some employees “may be rehired if Rowan secures a new drilling contract.”

Rowan recently made headlines after announcing that they were creating a new joint venture with Saudi Aramco to operate offshore drilling rigs in Saudi Arabia.
Antwort auf Beitrag Nr.: 50.916.819 von R-BgO am 23.10.15 13:07:18
zumindest einer der ganz wenigen,
bei denen ich im Plus bin
Antwort auf Beitrag Nr.: 56.647.445 von R-BgO am 08.01.18 10:31:00
tja, das mit den Bildern klappt eher nicht so richtig...
dafür gibt's das hier:


HOUSTON, Oct. 19, 2017 /PRNewswire/ --

Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that ARO Drilling, a 50/50 joint venture with the Saudi Arabian Oil Company ("Saudi Aramco"), commenced operations on October 17, 2017.

Tom Burke, President and Chief Executive Officer, stated, "We are extremely pleased to announce the launch of ARO Drilling. This is a groundbreaking joint venture that supports Saudi Arabia's Vision 2030, and provides Rowan with an unparalleled long-term growth opportunity throughout the next decade and beyond."

As part of the initial startup of ARO Drilling, Rowan and Saudi Aramco contributed equal amounts of cash into the joint venture. Following these contributions, Rowan sold three of its jack-up drilling rigs to ARO Drilling, including the J.P. Bussell, which was previously idle, and Saudi Aramco sold one of its jack-up drilling rigs to ARO Drilling. Following the purchase of these drilling rigs, ARO Drilling distributed excess cash in the amount of approximately $88 million to each of Rowan and Saudi Aramco maintaining each party's 50% ownership interests in the joint venture.

Pursuant to the ARO Drilling shareholders' agreement, Saudi Aramco will sell an additional jack-up rig in 2017 to ARO Drilling and Rowan will sell an additional two jack-up rigs to ARO Drilling once they complete their current contracts in late 2018.

ARO Drilling also now manages the operations of Rowan's seven remaining jack-up rigs currently in Saudi Arabia. Rowan and Saudi Aramco have agreed that ARO Drilling will purchase twenty future newbuild rigs that will be constructed by a Saudi Aramco manufacturing joint venture and are expected to be delivered between 2021 and 2030. Each newbuild is expected to have a sixteen year drilling commitment upon delivery to ARO Drilling.

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