ENSCO 110 and ENSCO 104 Each Contracted for Three-Year Terms
May 05 2015 - 2:29PM
Business Wire
Ensco is the largest provider of premium
jackups worldwide and is the leader in customer satisfaction among
all offshore drillers
Ensco plc (NYSE: ESV) announced today that it has entered into a
three-year contract with NDC for a new premium jackup, ENSCO 110.
This newbuild rig is scheduled to commence operations later this
month offshore United Arab Emirates at a rate of approximately
$114,000 per day.
NDC has also contracted ENSCO 104 for a three-year term at a day
rate of $114,000. The rig is mobilizing to the Middle East from the
Asia Pacific region and is scheduled to commence its new contract
in late-June 2015.
Chief Executive Officer Carl Trowell commented, “We are pleased
to extend our relationship with NDC. The Middle East is the largest
market for premium jackups, and we continue to invest in new rig
technology for the benefit of customers. In addition to ENSCO 110,
two more high-specification jackups, ENSCO 140 and ENSCO 141, are
scheduled for delivery in 2016 from Lamprell’s shipyard in the
United Arab Emirates.”
ENSCO 110 is based on the Keppel FELS B Class Bigfoot design,
which is capable of working at water depths up to 400 feet with a
maximum drilling depth of 30,000 feet. The rig has a nominal
variable deck load of 7,500 kips and a cantilever load of 2,500
kips. It includes a 1.5 million-pound derrick, TDS-8 top drive and
4-ram 15,000-psi BOP. Ensco customized the rig to add dual drilling
fluid capability and upgraded the living quarters to accommodate
150 persons on board.
ENSCO 104 is based on the KFELS Class B design. The rig operates
in water depths up to 400 feet with a maximum drilling depth of
30,000 feet. The rig has a variable deck load of 8,025 kips and a
cantilever load of 1,675 kips. It includes a 1.5 million-pound
derrick, TDS-8 top drive and 4-ram 10,000-psi BOP.
Ensco plc (NYSE: ESV) brings energy to the world as a global
provider of offshore drilling services to the petroleum industry.
For more than 27 years, the company has focused on operating safely
and going beyond customer expectations. Ensco is ranked first in
total customer satisfaction in the latest independent survey by
EnergyPoint Research – the fifth consecutive year that Ensco has
earned this distinction. 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. Ensco plc is an English limited company
(England No. 7023598) with its registered office and corporate
headquarters at 6 Chesterfield Gardens, London W1J 5BQ. To learn
more, visit our website at www.enscoplc.com.
Statements contained in this press release that are not
historical facts are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements include
words or phrases such as “anticipate,” “believe,” “estimate,”
“expect,” “intend,” “plan,” “project,” “could,” “may,” “might,”
“should,” “will” and similar words and specifically include
statements regarding expected financial performance and return of
capital, effective tax rate, day rates and backlog; the timing of
delivery, mobilization, contract commencement, relocation or other
movement of rigs; and general market, business and industry
conditions, trends and outlook. Such statements are subject to
numerous risks, uncertainties and assumptions that may cause actual
results to vary materially from those indicated, including
commodity price fluctuations, customer demand, new rig supply,
downtime and other risks associated with offshore rig operations,
relocations, severe weather or hurricanes; changes in worldwide rig
supply and demand, competition and technology; future levels of
offshore drilling activity; governmental action, civil unrest and
political and economic uncertainties; terrorism, piracy and
military action; risks inherent to shipyard rig construction,
repair, maintenance or enhancement; possible cancellation,
suspension or termination of drilling contracts as a result of
mechanical difficulties, performance, customer finances, the
decline or the perceived risk of a further decline in oil and/or
natural gas prices, or other reasons, including terminations for
convenience (without cause); the outcome of litigation, legal
proceedings, investigations or other claims or contract disputes;
governmental regulatory, legislative and permitting requirements
affecting drilling operations; our ability to attract and retain
skilled personnel on commercially reasonable terms; environmental
or other liabilities, risks or losses; debt restrictions that may
limit our liquidity and flexibility; our ability to realize the
expected benefits from our redomestication and actual contract
commencement dates; cybersecurity risks and threats; and the
occurrence or threat of epidemic or pandemic diseases or any
governmental response to such occurrence or threat. In addition to
the numerous factors described above, you should also carefully
read and consider “Item 1A. Risk Factors” in Part I and “Item 7.
Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in Part II of our most recent annual report
on Form 10-K, as updated in our subsequent quarterly reports on
Form 10-Q, which are available on the SEC’s website at www.sec.gov
or on the Investor Relations section of our website at
www.enscoplc.com. Each forward-looking statement speaks only as of
the date of the particular statement, and we undertake no
obligation to publicly update or revise any forward-looking
statements, except as required by law.
Ensco plcInvestors:Sean O’Neill, 713-430-4607Vice President –
Investor Relations and CommunicationsorNick Georgas,
713-430-4490Senior Manager – Investor RelationsorMedia:Thao Pham,
713-430-4658Manager – Communications
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