Ensco is the largest provider of premium jackups worldwide and is the
leader in customer satisfaction among all offshore drillers
LONDON--(BUSINESS WIRE)--
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.
Source: Ensco plc