Friday 20 April 2018

Rowan Companies plc announced that its report of drilling rig status and contract information has been updated as of April 18, 2018. Rowan intends to provide quarterly updates to this report in advance of earnings.

Notable changes since the last report:

- Rowan Resolute: Two-well contract awarded from LLOG with an estimated duration of 85 days. Estimated commencement in late June / early July 2018. Priced option for two additional wells.

- Rowan Viking: Two new contracts i) Five-well contract awarded from Shell UK with an estimated duration of 100 days. Commencement expected to follow completion of Lundin contract. ii) Two-well contract awarded from MOL with an estimated duration of 110 days. First well expected to commence following the Shell UK contract and last approximately 55 days. Anticipate a three to six-month gap before commencement of the second well. Priced options for three additional wells.

- Rowan EXL III: Five-well contract commenced March 15, 2018 with an estimated duration of 105 days.

To honor Rowan's rich history, Rowan has renamed our newest rigs, two LeTourneau Super 116E jack-up rigs, after late Rowan retirees who significantly contributed to the Company's success. The P-59 is being renamed the Bess Brants, after one of the Company's first employees who retired in 1968 as Secretary – Treasurer and a member of the Board of Directors for both Rowan Drilling, Inc. and Rowan Oil Co. The P-60 is being renamed the Earnest Dees, honoring a dedicated Rig Manager who retired in 1994 after helping establish Rowan's international operations and mentoring countless crew members, many of whom became Rowan leaders in the decades to come.

The report titled "Fleet Status Report" can be found on the Company's website at www.rowan.com.