Ensco plc Sells Jackup Rig ENSCO 85 for $64 Million
April 24 2014 - 05:18PM
Business Wire
Ensco plc (NYSE: ESV) today sold ENSCO 85, a jackup rig built in
1981, for $64 million. The net book value of the rig was
approximately $54 million. The pre-tax gain on this sale was
approximately $10 million, which will be included in second quarter
2014 operating results.
“Year to date, we have sold three jackup rigs and recently we
ordered two ENSCO 140 Series jackups,” said Executive Vice
President and Chief Financial Officer Jay Swent. “Continuous
high-grading keeps us at the forefront of industry technology and
we continue to have the largest premium jackup fleet in the
world.”
Since the beginning of 2010, Ensco has sold 14 rigs generating
pre-tax gains of approximately $90 million. During the same period,
Ensco has taken delivery of 12 high-performance rigs, including
five Samsung DP3 ultra-deepwater drillships, five ENSCO 8500
Series® ultra-deepwater semisubmersibles and two ENSCO 120 Series
ultra-premium harsh environment jackups. Ensco has eight additional
rigs under construction - five premium jackups and three
ultra-deepwater drillships - that reinforce the Company’s
commitment to standardization.
Ensco plc (NYSE: ESV) brings energy to the world as a global
provider of offshore drilling services to the petroleum industry.
For more than 25 years, the company has focused on operating safely
and going beyond customer expectations. Ensco is ranked first in
total customer satisfaction with top honors in eight of 14
categories in the latest annual survey by EnergyPoint Research.
Operating one of the newest ultra-deepwater rig fleets and the
largest premium jackup fleet, Ensco has a major presence in the
most strategic offshore basins across six continents. In terms of
dividend yield, Ensco is among the top dividend payers of S&P
500® companies. Ensco plc is an English limited company (England
No. 7023598) with its registered office and corporate headquarters
located at 6 Chesterfield Gardens, London W1J 5BQ. To learn more,
visit our website at http://www.enscoplc.com/.
Ensco plcSean O’Neill, 713-430-4607Vice President - Investor
Relations and CommunicationsorNick Georgas, 713-430-4490Manager -
Investor Relations
Ensco (NYSE:ESV)
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