Rowan Companies

Moving rigs to

Norwegian sector

February 6th, 2013

Kristin L. Dragsund

HSE Manager Rowan Drilling Norway

Rowan Companies

• In 1923, beginning with a small land-based steam rig powered by two

45-horsepower boilers, brothers Charlie and Arch Rowan founded

Rowan Drilling Company. Rowan has grown and adapted to serve the

emerging needs of the oil and gas industry

• Rowan Companies plc is a major provider of global offshore contract

drilling services with a leading position in high-specification jack-up

rigs. The Company’s fleet of 31 jack-up rigs is located worldwide,

including the Middle East, the North Sea, Trinidad, Southeast Asia and

the Gulf of Mexico. The Company will enter the ultra-deepwater

market with four high-specification drillships expected to be

delivered starting in late 2013. The Company’s stock is traded on the

NYSE under the symbol “RDC.”

2

Strategy

In April 2009, Rowan set long term goals of divesting manufacturing

and land division, expanding our high-spec jack-up presence, and

entering the deepwater market

• August 2010 – Purchased Skeie Drilling (3 N Class jack-ups)

• May 2011- Announced construction of two ultra-deepwater drillships

• June 2011 – Sale of LeTourneau Technologies to Joy Global

• September 2011 – Sale of Land Division to Ensign International

3

4

Rowan Gorilla VI 2009

Rowan Stavanger 2011

Rowan Norway 2013

Rigs on Norwegian sector

5

Norwegian Rules

and Regulations-

Challenges on the road

Costs

Acknowledgement

of Compliance

Resources

Competence

and training

Culture

6

Way forward

• Organization

» Set the expectations

• Early planning

• Evaluation of the requirements in force

• Understanding of culture differences

» Expectations both ways

» Building a good common culture

• Communication