The Rowan Relentless is the last of four ultra-deepwater drill ships to be built as part of the company’s fleet. It’s dynamically positioned and DP-3 compliant and has a pair of deployable seven-ram BOP systems, thrusters that are retractable and five mud pumps.
Built at the Hyundai Heavy Industries Shipyard in South Korea, the Relentless was delivered during the second quarter of 2015 and Marshall Islands-flagged. The estimated construction cost was $620 million.
The Relentless possesses a length of 752 feet, a breadth of 118 feet and a depth of just under 60 feet. As with its sister ships, the Relentless is GustoMSC P10,000-designed and can function in waters of up to 12,000 feet. Its drilling capability with respect to oil wells is 40,000 feet.
The ship is large enough to maintain 210 people on board and has a listed hook-load capacity of 1,250 tons. Possessing a trio of knuckle boom cranes that weigh in at 100 tons, the Relentless has a deadweight tonnage of 34.500 tons and a gross tonnage of 52,242 tons.
Even before the delivery took place, the Relentless had been contracted to work for Freeport-McMoRan Oil & Gas LLC in the Gulf of Mexico. The two-year deal began in July 2015, but was abruptly terminated on May 24, 2016, due to the economic toll that the oil slump has taken on Freeport-McMoRan.
The cancellation did allow Rowan to receive $215 million for the early termination, with a possibility of a maximum $30 million more by May 2017. That would come in two payments of $10 million and $20 million, respectively, and depend on whether or not the oil market recovers during that time frame, which isn’t likely. Since the ending of the contract, the Relentless currently remains idle and is now situated in Curacao.