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Marine Log

December 14, 2007

LeTourneau sells second jack-up kit to Lamprell

LeTourneau Technologies, Inc. ("LTI"), a subsidiary of Rowan Companies, Inc. (NYSE:RDC), has sold a second LeTourneau Super 116E Class jack-up rig kit to Lamprell Energy, Ltd. with final delivery expected by the end of 2008.

The rig is to be built at Lamprell's Hamriyah facilityin the United Arab Emirates for Scorpion Offshore Ltd. Lamprell is currently building an initial Super 116E Class jack-up at the same location, also for Scorpion Offshore, under a license from LTI.

This order is the 18th for the Super 116 series of jack-ups which is one of five current LTI jack-up rig designs.

The rig is designed to drill in up to 350 feet of water in moderate environmental locations and can be outfitted to handle high temperature/high pressure wells.

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