"It has been one year since Rowan committed to the design and construction of a new class of drilling rig, specifically designed for wells to be drilled in the 15,000-30,000 foot depth range on the U.

"The Rowan Gorilla V is one of the largest jack-up drilling rigs operating in the world and in association with Canadian Superior, we are very pleased to see this contract awarded to Rowan," said ...

Rowan executives said they planned to pump the proceeds from the land rigs into bolstering its offshore business, particularly its push into deep-water drilling. Rowan said it expects to net $370 ...