LONDON--(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/.
Source: Ensco plc