- Rowan (RDC -3.1%) is lower after its latest fleet status report showed it had cold stacked one jack-up rig, sold two and received several extensions for several others.
- RDC says the 1983-built jack-up Rowan California, which previously operated in the Middle East, was cold stacked, while the Rowan Gorilla II and Rowan Gorilla III, were sold during Q4.
- RDC also says the Gilbert Rowe received a contract extension with Saudi Aramco at current rate until March 31, the Rowan Gorilla IV got a Gulf of Mexico contract extension for 10 months of work at a $65K dayrate, and the Rowan EXL III started operations in the Gulf of Mexico in mid-December for six months of work at a $55K dayrate.