Rowan Companies plc announced on Wednesday that Repsol Exploracion Guyana, S.A. has signed a contract for the EXL II, a high-specification Super 116E Jack-up rig, for work offshore the South American country.
The contract is for one well beginning in the third quarter of 2019 with a duration of approximately 45 days. The EXL II is currently under contract with BP in Trinidad.
Repsol has a 70% stake in the Kanuku block, covering 5,164 km2 in the Atlantic ocean within the EEZ of Guyana. Tullow holds the remaining 30% interest in the block.
In 2019, Repsol plans to drill the first exploration well at the block to determine if hydrocarbons are present.
Rowan is a global provider of contract drilling services with a fleet of 25 mobile offshore drilling units, composed of 21 self-elevating jack-up rigs and four ultra-deepwater drillships. The Company’s fleet operates worldwide, including the United States Gulf of Mexico, Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East, the Mediterranean Sea, Central and South America.