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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: John Carpenter who wrote (3422)	11/20/1997 10:26:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

dougjn -- Keep in mind that Rowan's "deep water rigs" you refer to are jackups (max water depth about 375-ft) and not semis or drillships which are typically what is referred to as deep water (600 to 10,000 ft). Rowan's Gorilla class jackup are incredible. They are the biggest jackups in the business. They can usually work in harsh environments where no others can work. Therefore they command premium day rates -- not as high as a deepwater semi, but much higher than a typical jackup. I was on board the Rowan Gorilla I when it was still in the shipyard, just before its delivery, many years ago. This rig later sank. It was quite a rig.