CSIMarket
 
Rowan Companies Plc  (RDC)
Other Ticker:  
 

Rowan Companies Plc

Business Description


Rowan Companies Plc, commonly known as Rowan, is a leading provider of contract drilling services in the international oil and gas industry. The company has a rich history dating back to its founding in 1923 as a land drilling contractor in Southwestern Texas. Over the years, Rowan has evolved into a multinational corporation with a presence in various key energy-producing regions around the world.

Rowan operates a fleet of offshore drilling rigs that are used to drill exploratory and developmental wells for major oil and gas companies. The company*s drilling services are primarily focused on shallow-water and mid-water operations, although it also has some deepwater drilling capabilities. Rowan*s expertise lies in providing safe and efficient drilling solutions in complex environments, including harsh climates and remote locations.

The company*s fleet consists of high-specification jack-up rigs, which are versatile offshore drilling units that sit on fixed legs extending above the water*s surface. These rigs are capable of drilling in water depths ranging from 50 to 400 feet and can reach drilling depths of up to 40,000 feet. Rowan*s jack-up rigs are equipped with advanced technology and equipment to ensure efficient drilling operations, including advanced drilling systems, blowout preventers, and pipe-handling systems.

Rowan focuses on maintaining a modern and technologically advanced fleet to meet the evolving needs of its clients. They prioritize safety in all their operations, implementing stringent safety measures and maintaining a strong safety culture. The company has a track record of achieving industry-leading safety performance, which is a testament to its commitment to the well-being of its employees and the protection of the environment.

Apart from contract drilling services, Rowan also offers integrated services that include rig management, project management, and engineering. These services enable clients to benefit from Rowan*s industry expertise and experience in all phases of drilling operations, from planning to execution. The company*s experienced and highly skilled workforce plays a crucial role in delivering these services, maintaining operational excellence, and ensuring customer satisfaction.

Rowan has a global presence, with operations spanning across various regions, including the Gulf of Mexico, the North Sea, the Middle East, East Africa, and Southeast Asia. This diversification allows the company to leverage its fleet of drilling rigs in multiple markets, mitigating risks associated with regional market fluctuations and creating opportunities for growth.

Rowan Companies Plc is listed on the New York Stock Exchange under the ticker symbol RDC, and it operates as a public limited company incorporated in England and Wales. The company*s headquarters are located in Houston, Texas, reflecting its strong ties to the United States oil and gas industry.

In summary, Rowan Companies Plc is a reputable global provider of contract drilling services, specializing in offshore drilling operations. With its modern fleet, industry-leading safety performance, extensive expertise, and global reach, Rowan has established itself as a preferred partner for major oil and gas companies seeking reliable and efficient drilling solutions.



View Company Supplier View Company Competition View Company Customers


Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com