LONDON--(BUSINESS WIRE)--
Ensco plc (NYSE: ESV) reported today that all of its ten rigs in Brazil
have term contracts with no early termination or termination for
convenience provisions. This includes the recent contract signed with
Petrobras for ENSCO 6000 that is contracted through April 2014 as
announced on Ensco’s recent third quarter earnings conference call on 1
November 2012. For the Company’s next two rigs coming up for renewal in
Brazil, ENSCO 6001 in June 2013 and ENSCO 6002 in July 2013, Ensco is in
advanced negotiations with a customer for multi-year contracts.
Ensco plc (NYSE: ESV) brings energy to the world as a global provider of
offshore drilling services to the petroleum industry. For 25 years, the
company has focused on operating safely and exceeding customer
expectations. Ensco is ranked #1 for total customer satisfaction with
top honors in 13 of 17 categories in the most recent annual survey by
EnergyPoint Research. Operating the world’s newest ultra-deepwater fleet
and largest fleet of active premium jackups, 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 located 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 drilling contract terms
and provisions, anticipated drilling contract negotiations and
finalization thereof, expected financial performance, day rates and
backlog; 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 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 or suspension of drilling
contracts as a result of mechanical difficulties, performance or other
reasons; 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. 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.
Source: Ensco plc