Energy Demand Fuels Growth at East Texas Company
Published Dec 15, 2008
Demand for oil is fueling a demand for more drilling and drilling equipment.
Longview’s LeTourneau Technologies Inc., a subsidiary of Houston-based Rowan Cos., has contracted with Lamprell Energy for construction of a Super 116E class drilling rig.
The construction will take place at Lamprell’s Jebel Ali facility in the United Arab Emirates, with final delivery set for June 2010, according to LeTourneau, which produces equipment for the drilling, mining and timber industries. The company employs about 2,600 people, including 1,150 in Longview.
According to LeTourneau, the Super 116E 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.
The rig is the third 116E under construction under license from LeTourneau, which built the world’s first jack-up drilling rig in 1955 and has since been a leader in the industry. It has designed or built one-third of all jack-up rigs in service, including all 21 operated by Rowan.
“Everything is going along well, and with the recent announcement of this contract we hope to continue increasing the offshore business,” says Suzanne McLeod, director of investor relations for Rowan. “We have others coming out this year that will be placed to work in the Gulf of Mexico.”
The company has land rigs in Texas, Oklahoma and Alaska, and will continue to produce them as needed for oil and natural gas exploration.
Story by Joe Morris
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