Marine Log - November 2008 - (Page 12)

Update Rowan jack-up gets two-year contract Rowan Companies, Inc. (NYSE:RDC) has signed a two-year contract with Devon Energy Corporation for the Gorilla class jack-up, Gorilla II, in the Gulf of Mexico. Class jack-up rig capable of drilling in water depths of 450 feet, with a drilling depth of 30,000 feet. The contract is expected to begin in January 2009 and generate $137 million in drilling revenues. The rig will be performing drilling services, as well as assisting Devon with various construction projects. Rowan Chairman and CEO Danny McNease commented, “We believe that this market will continue to recognize and reward contractors with premium equipment and experienced drilling personnel, and we look forward to additional opportunities.” Rowan is investing heavily in new premium jackup rigs. By 2011, it plans to add nine new high spec jackup rigs, including four Super 116E Class. INLAND • COASTAL • OFFSHORE • DEEPSEA Big in aluminum Continued from p. 7 hundred feet away from Hawaii Superferry’s second high-speed catamaran on the Mobile River is the U.S. Navy’s Littoral Combat Ship Independence (LCS-2). While the Navy is keeping a tight lid on further media attention for the much-maligned LCS program, what one could see of the Independence is that it is a striking 127m Austal trimaran seaframe, with a flight deck capable of accommodating the H53, the U.S. Navy’s largest helicopter. Austal, as part of the General Dynamics team, is competing against the Lockheed Martin-led team for the contract to build as Austal is adding a 20 meter, stern quarter, bi-fold many as 55 Littoral ramp to Hawaii Superferry’s second high-speed Combat Ships. The vehicle passenger ferry Lockheed Martin team’s vessel, the USS Freedom (LCS-1), will be commissioned this month in Milwaukee, Wis. Work is well underway on a massive 100-acre development at Austal USA to construct a 750,000 ft2 Modular Manufacturing Facility (MMF). The first phase of the MMF is due for completion in mid-2009 and will enable Austal to build three large aluminium vessels per year. The second phase of the development will increase throughput to six vessels per year. 12 MARINE LOG NOVEMBER 2008 www.marinelog.com http://www.pointeightpower.com http://www.marinelog.com

Table of Contents Feed for the Digital Edition of Marine Log - November 2008

Marine Log - November 2008 Contents Editorial Second Thoughts Update Inside Washington Looking Back at 130 Years Generation NeXt What's Ahead? Media Kit 2009 Defying the Naysayers Rampant Piracy Takes Shipping Hostage The Last Chapter of the New Carissa International Workboat Show Preview Newsmakers Tech News Contracts Events Website Directory ML Buyer's Guide ML Marketplace Marine Salvage

Marine Log - November 2008

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