LONDON--(BUSINESS WIRE)--
Ensco plc (NYSE: ESV) has taken delivery of ENSCO DS-7, an
advanced-capability, ultra-deepwater drillship. The vessel will embark
from the Samsung Heavy Industries shipyard in South Korea to Angola,
where it is contracted to Total for three years beginning in the fourth
quarter at an initial day rate in the mid $610,000s.
ENSCO DS-7 is the third Ensco rig contracted to Total and will be the
fourth Ensco rig working in West Africa.
Chairman, President and Chief Executive Office Dan Rabun said, “The West
Africa deepwater market continues to be an exciting exploration area and
we are pleased to expand our presence in this region with our newest
drillship.”
ENSCO DS-7 is the fifth of eight rigs in the Company’s ultra-deepwater
DP3 drillship series, which are equipped with advanced technological
features for drilling and completing deepwater wells including DPS-3
certified dynamic positioning, six-ram 15,000 psi BOPs, enhanced
off-line capability, 2.5 million-pound hook load on main rotary,
6,000-barrel active and 7,400-barrel reserve dual-fluid systems, 165 MT
active heave subsea crane, significant storage and deck space, and
accommodations for up to 200 persons.
The uniform design of the Company’s DP3 drillship series streamlines
construction, operations, inventory management, training, regulatory
compliance, repairs and maintenance. It also provides flexibility for
customer-specific enhancements: in particular, the drillships may be
modified to drill and complete wells in water depths up to 12,000 feet.
“Standardization creates significant efficiency benefits and an uptime
record that customers value highly when contracting new assets,” Mr.
Rabun continued.
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 exceeding
customer expectations. Ensco is ranked #1 for total customer
satisfaction with top honors in 10 of 16 categories in the most recent
annual survey by EnergyPoint. 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; 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; 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