Rowan Companies plc (RDC) Files An 8-K Regulation FD DisclosureItem 7.01
On November 8, 2016, the Company received notice of early termination from Repsol E&P USA Inc. (“Repsol”) under the terms of the drilling contract for the drillship Rowan Renaissance. The notice is effective immediately. The Company expects to continue to be paid by Repsol on a monthly basis through the original termination date of April 22, 2017, at a rate slightly below the current standby rate. The Company plans to reduce manning and warm stack the drillship in the near term.
About Rowan Companies plc (RDC)
