Commitments and Contingent Liabilities (Tables)

3 Months Ended

Mar. 31, 2012

Commitments and Contingent Liabilities [Abstract]

Status of company's rigs under construction

The following table presents the status of the Company's rig construction program as of March 31, 2012.  Amounts include capitalized interest and an estimate for project contingencies (in millions):

	Expected or actual delivery date	Total estimated project costs		Total costs incurred through March 31, 2012		Projected costs for the remainder of 2012		Projected costs in 2013		Projected costs in 2014		Total future costs
Rowan Renaissance	Dec-13	$	748	$	182	$	53	$	497	$	16	$	566
Rowan Resolute	Jun-14		742		178		21		146		398		564
Rowan Reliance	Dec-14		728		119		67		50		492		609
		$	2,218	$	479	$	141	$	693	$	906	$	1,739