EXHIBIT 99
ROWAN COMPANIES, INC. |
OFFSHORE RIG UTILIZATION |
FEBRUARY 2005 |
Units * | Utilization | ||||||
Gorilla Jack-ups: | |||||||
Gulf of Mexico | 5 | 100 | % | ||||
North Sea | 2 | 100 | % | ||||
Total | 7 | 100 | % | ||||
Other Jack-ups: | |||||||
Gulf of Mexico | 17 | 99 | % | ||||
Semi-submersible: | |||||||
Gulf of Mexico | 1 | 100 | % | ||||
Total | 25 | 99 | % |
* Number of units at February 28, 2005 |
Note: Only revenue-producing days are used in computing rig utilization. The revenue related to Gorilla VII (located in the North Sea) is being deferred until collection. |