Rowan Companies

Ensco plc and Rowan Companies plc entered into a definitive agreement to merge in an all-stock transaction. Rowan shareholders will receive 2.215 Ensco shares per Rowan share, with Ensco shareholders owning approximately 60.5% of the combined entity.

ARO Drilling, a joint venture between Rowan Companies and Saudi Aramco, was awarded six three-year contracts by Saudi Aramco for Rowan jack-up rigs operating in Saudi Arabia.

Rowan Companies has been awarded an 18-month contract by Chrysaor for the jackup drilling rig Rowan Gorilla VII in the UK North Sea. The contract includes two one-year options.

Chrysaor signed a service partnership deal with Baker Hughes and contracted the jack-up Rowan Gorilla VII for UK drilling operations.

Rowan Companies has been awarded an 18-month contract by Chrysaor for the Rowan Gorilla VII jackup rig in the UK North Sea, with two one-year options.

Rowan Companies has been awarded an 18-month contract by Chrysaor for the Rowan Gorilla VII jack-up rig in the UK sector of the North Sea, with two one-year options.

Arena exercised a 90-day priced option for the Rowan EXL III jack-up rig in the Gulf of Mexico, contracted until September 2017.

Lundin exercised a 90-day priced option on the Rowan Viking jack-up rig in Norway at a reduced dayrate of $180,000.

Rowan Companies extended the contract for the Gilbert Rowe jack-up rig with Saudi Aramco in Saudi Arabia at a dayrate of $69,000 until June 30, 2017.