Rowan Companies has exercised an option with Hyundai Heavy Industries (HHI) to build a third GustoMSC P10,000 design ultra-deepwater drillship for $600m.

The vessel cost includes commissioning, project management and spares, but excludes capitalised interest and and is slightly less than the cost of the first two similarly equipped drillships that were previously ordered by the company.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

HHI is spending $50m extra on those ships for owner-furnished equipment.

The new drillship is scheduled to be delivered in the fourth quarter of 2014.

The company also has an option to build another ship exercisable in February of 2012 for delivery in the first half of 2015.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Ship Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Ship Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Dual winner of the 2025 Ship Technology Excellence Awards , Flyability’s Elios 3 UT drone is redefining ship inspections. See how class-approved LiDAR and UT data, collision-tolerant design and digital twins are replacing scaffolding and rope access with faster, safer remote inspection workflows.

Discover the Impact