Rowan Companies
 |
|
| Public limited company | |
| Traded as | : RDC S&P 400 Component |
| Industry | Petroleum industry |
| Founded | 1923 |
| Headquarters |
Williams Tower Houston, Texas, United States |
|
Key people
|
Thomas P. Burke, President and CEO |
| Services | offshore drilling and petroleum and natural gas well drilling |
| Revenue |  US$2.137 billion (2015) |
| US$93.311 million (2015) |
|
| US$93.311 million (2015) |
|
| Total assets |  US$8.347 billion (2015) |
| Total equity | US$4.772 billion (2015) |
|
Number of employees
|
3,496 (2015) |
| Website | http://www.rowancompanies.com |
Rowan Companies plc, is a U.K. offshore drilling contractor that provides drilling services to the petroleum industry. The company is headquartered in Houston, Texas.
The company operates a fleet of 31 rigs including 27 offshore drilling jackup rigs and 4 ultra-deepwater drillships. The company operates worldwide in the Gulf of Mexico, Trinidad, North Sea, Southeast Asia, Mediterranean, Middle East and Southeast Asia.
Its offshore jackup rigs include cantilever jackup rigs that are designated as Gorilla Class rigs, Super Gorilla Class rigs, Tarzan Class rigs, 240C Class Rigs, EXL class rigs and N-class rigs, as well as conventional jackup rigs.
Its ultra-deepwater drillships are based on the Gusto MSC P10,000 class with capacity for 12,000’ of riser and a variable deck load capacity of 20,000 tons.
The company provides quarterly updates on the status of each rig in its fleet on its website.
In 2015, 19% of the company's revenues came from Saudi Aramco, 13% of its revenues came from ConocoPhillips, and 10% of its revenues came from Anadarko Petroleum.
Rowan Drilling Company, Inc. was founded in 1923 by brothers Charles and Arch Rowan as a contract drilling business.
The company went public in 1967, issuing 323,000 shares.
In 1971, the company changed its name to Rowan Companies, Inc.
In 1994, Rowan acquired the assets of Marathon LeTourneau Company from General Cable for $52 million.
In 2000, Rowan subsidiary LeTourneau, Inc. acquired The Ellis Williams Company, Inc., a manufacturer of mud pumps, for $9 million.
In 2002, Rowan Electric, Inc. acquired Oilfield-Electric-Marine, Inc. for $8 million in stock. Oilfield-Electric-Marine, Inc. manufactured variable speed AC motors and variable frequency drive systems. Kevin R. Williams had been President of Oilfield-Electric-Marine, Inc., and he stayed on as President of Rowan Electric, Inc.
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Wikipedia