DELAWARE
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1-5491
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75-0759420
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(State or other
jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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file
Number)
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Identification
No.)
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2800
POST OAK BOULEVARD
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SUITE 5450
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HOUSTON, TEXAS
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77056-6189
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(Address of principal
executive offices)
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(zip
code)
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|
On
November 1, 2007, Rowan Companies, Inc. issued a press release
announcing
its operating results for the third quarter of 2007. The press
release is
attached as Exhibit 99.1.
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|
Rowan
Companies, Inc. announced today that it has entered into
contracts with
Keppel AmFELS, Inc. for the construction of four Super 116E
class
jack-ups. The rigs will be built at AmFELS’ Brownsville, Texas shipyard,
with delivery scheduled at approximately four-month intervals
beginning in
the second quarter of 2010. Rowan’s total cost of each rig is expected to
average approximately $175 million, with more than one-third
of that
amount attributable to the cost value of the design, kit
components and
drilling equipment to be provided by the Company’s manufacturing
businesses. The press release is attached as Exhibit
99.2.
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