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Turkey Signs Contract to Sink Two Wells in Med

Turkey Signs Contract to Sink Two Wells in Med

September 26
09:08 2018

Turkey’s state-owned oil company Turkish Petroleum (TPAO) has awarded Houston-based Rowan Company a two-well contract in the Mediterranean Sea for an estimated duration of 100-140 days, Turkish daily ‘Sahah’ reports.

The company’s N-class jack-up rig Rowan Norway is expected to commence operations in late 2018. The Rowan Norway is currently warm-stacked [meaning idle but operational] in the UK sector of the North Sea.

North Cyprus News - Turkish Drill Ship - FatihIn late May, Turkey’s first drilling vessel, which was named after Istanbul’s conqueror Ottoman Sultan Fatih Sultan Mehmet, sailed off to the Mediterranean to start the country’s first deep-sea drilling operations. It is capable of drilling to a maximum depth of 12,000 meters. The first drilling well will reach 2,600 meters in depth.

Rowan is a global provider of contract drilling services with a fleet of 27 mobile offshore drilling units composed of 23 self-elevating jack-up rigs and four ultra-deep-water drill ships.

Additionally, the company is a 50/50 partner in a joint venture with Saudi Aramco in ARO Drilling, which owns a fleet of five self-elevating jack-up rigs that operate in the Arabian Gulf. Its Class-A Ordinary Shares are traded in the New York Stock Exchange (NYSE).

Daily Sabah