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Exhibit 99.1

 

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Ensco plc

Fleet Status Report

19 August 2011

  

Monthly Changes

Bolded rig names and underlined text signify changes in rig status from previous report.

 

Segment /

Region / Rig

   Design    Water
Depth’ (1)
   Customer/Status    Day Rate
$000’s US
   Location    Est. Avail /
Contract
Change
  

Comments

Deepwater

                    

North & South America (excluding Brazil) - See Definitions and Disclaimers

        

ENSCO DS-3

   Drillship, DP3
Samsung
   10000/12000    BP    High 480s    U.S.
Gulf of
Mexico
   Jun. 16    Plus cost adjustments

ENSCO DS-5

   Drillship, DP3
Samsung
   10000/12000    Petrobras    Mid 430s    U.S.
Gulf of
Mexico
   Jul. 16    Eligible for bonus opportunity up to 17%, plus costs adjustments.

ENSCO 8500

   Semisubmersible
DP
   8500/10000    Eni/
Anadarko
   Mid 290s    U.S.
Gulf of
Mexico
   Aug. 13    Lump sum payment of $20 million and one-time reimbursable costs of $27 million amortized over primary contract term, which equals approx. $31,000 per day. Plus cost adjustments and four 1-year same-rate options

ENSCO 8501

   Semisubmersible
DP
   8500/10000    Nexen/
Noble
Energy
   Mid 370s    U.S.
Gulf of
Mexico
   Jun. 13    Currently allocated to Noble. For Nexen’s allocation of rig time, see U.S. Gulf of Mexico on Definitions and Disclaimers page. Mob and upgrade costs are reimbursed by Noble and Nexen at approx. $19,000 per day over primary contract term. Plus cost adjustments and unpriced options

ENSCO 8502

   Semisubmersible
DP
   8500/10000    Nexen    High 480s    U.S.
Gulf of
Mexico
   Jun. 13    Plus approx. $35,000 per day for reimbursable mobilization expenses and upgrades amortized over 2-year term contract. Plus cost adjustments

ENSCO 8503(2)

   Semisubmersible
DP
   8500/10000    Tullow/
Cobalt
   High 430s    French
Guiana
   Sep. 11    Then estimate 25 day demob at 75% of day rate (i.e. mid 320s). Then 21 days at special Cobalt rate of low 210s for upgrades. Then expect to commence original 2-year term contract with Cobalt in U.S. Gulf of Mexico, low 530s, plus reimbursable expenses and upgrades to be amortized over Cobalt’s primary contract term of approx. $54,000 per day once term contract commences

Brazil

                    

ENSCO DS-4

   Drillship, DP3
Samsung
   10000/12000    BP    Mid 540s    Brazil    May 16    Plus cost adjustments

ENSCO 7500

   Semisubmersible
DP
   8000    Contracted/sea
trials
      Brazil    Oct. 11    Next to Petrobras to May 14, low 320s. Eligible for bonus opportunity up to 5%. Plus mob and upgrade costs to be amortized over contract at approx. $20,000 per day. Plus cost adjustments

ENSCO 6001

   Semisubmersible
- DP Amethyst 2
   5000/5600    Petrobras    Mid 270s    Brazil    Jun. 13    Eligible for bonus opportunity up to 15%, plus cost adjustments

ENSCO 6002

   Semisubmersible
- DP Amethyst 2
   5600    Petrobras    Mid 270s    Brazil    Jul. 13    Eligible for bonus opportunity up to 15%, plus cost adjustments

ENSCO 6003

   Semisubmersible
- DP Amethyst 2
   5600/5700    Petrobras    High 310s    Brazil    Jan. 17    Planned shipyard work in 3Q 11 for approx. 50 days. Eligible for bonus opportunity up to 15%, plus cost adjustments

ENSCO 6004

   Semisubmersible
- DP Amethyst 2
   5700    Petrobras    High 310s    Brazil    Oct. 16    Eligible for bonus opportunity up to 15%, plus cost adjustments
Europe & Mediterranean                  

ENSCO 5006

   Semisubmersible
- Conv Bingo
8,000
   6200/7500    Noble
Energy
   Mid 270s    Israel    Oct. 11    Plus cost adjustments and five 1-well same price options
Middle East & Africa                  

ENSCO DS-1

   Drillship - DP
Gusto 10,000
   6000/10000    TOTAL    Mid 190s    Angola    Dec. 14    Rate increases mid Dec. 11, low 350s. Anticipate two months planned downtime at zero rate in 2012. Plus options and cost adjustments. Eligible for bonus opportunity up to 7% to Dec. 11 and thereafter up to 5%

ENSCO DS-2

   Drillship - DP
Gusto 10,000
   6000/10000    TOTAL    Mid 460s    Angola    Jul. 13    Eligible for bonus opportunity up to 5%, plus cost adjustments

ENSCO 5001

   Semisubmersible
- Conv Sonat
   5000/6500    Shipyard       Angola    Sep. 11    Next to Maersk in Angola to Mar. 12, mid 270s. Plus one 1-well same price option. Then to PetroSA in South Africa to Mar. 14, mid 270s. Plus two 1-well options, low 320s

 

Page 1 of 6


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Ensco plc

Fleet Status Report

19 August 2011

 

 

Monthly Changes

Bolded rig names and underlined text signify changes in rig status from previous report.

 

 

Segment /

Region / Rig

   Design    Water
Depth’ (1)
   Customer/ Status    Day Rate
$000’s  US
   Location    Est. Avail  /
Contract
Change
  

Comments

Deepwater

                    

Asia & Pacific Rim

           

ENSCO 8504

   Semisubmersible
DP
   8500/10000    Contracted/mob/sea
trials
      En route
to Brunei
   Sep. 11    Next to TOTAL to Mar. 12, mid 420s. Plus options. Mob and upgrade costs to be amortized over contract at approx. $94,000 per day

Under Construction - uncontracted

              

ENSCO DS-6

   Drillship, DP3
Samsung
   10000/12000    Under
construction
      South
Korea
   4Q11   

ENSCO DS-7

   Drillship, DP3
Samsung
   10000/12000    Under
construction
      South
Korea
   2H13   

ENSCO 8505

   Semisubmersible
DP
   8500/10000    Under
construction
      Singapore    1H12   

ENSCO 8506

   Semisubmersible
DP
   8500/10000    Under
construction
      Singapore    2H12   

 

(1) 

For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.

(2)

While ENSCO 8503 has earned a sublet day rate since its successful completion of acceptance testing, the original two-year contract has not yet commenced. Therefore, mobilization from the shipyard and other related reimbursements are not yet being recognized in revenue.

 

Page 2 of 6


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Ensco plc

Fleet Status Report

19 August 2011

 

 

 

Segment /
Region / Rig

   Design    Water
Depth’ (1)
   Customer/
Status
   Day Rate
$000’s US
   Location    Est. Avail /
Contract
Change
  

Comments

Midwater

                    

Brazil

                    

ENSCO 5000

   Semisubmersible
- Conv Neptune
Pentagon
   2300/2650    Petrobras    Low 240s    Brazil    Jul. 13    Eligible for bonus opportunity up to 15%, plus cost adjustments

ENSCO 5002

   Semisubmersible
- Conv Aker H-3
   1000    OGX    Mid 260s    Brazil    Nov. 13    Rate changes Nov. 11 to low 200s and Nov. 12 to low 220s

ENSCO 5004

   Semisubmersible
- Conv F & G
Enhanced
Pacesetter
   1500    OGX    Mid 260s    Brazil    Nov. 13    Rate changes Nov. 11 to low 220s and Nov. 12 to mid 230s

ENSCO 5005

   Semisubmersible
- Conv F & G
Enhanced
Pacesetter
   1500/1700    Petrobras    Mid 230s    Brazil    Apr. 13    Eligible for bonus opportunity up to 10%, plus cost adjustments

ENSCO 6000

   Semisubmersible
- DP Amethyst
   3400/4000    Petrobras    Low 150s    Brazil    Feb. 12    Currently outfitted for workover activity. Eligible for bonus opportunity up to 18%, plus cost adjustments

Middle East & Africa

              

ENSCO 5003

   Semisubmersible
- Conv Aker H-3
   1000    Shipyard       South Africa    Sep. 11    Next to SOCO in Congo to Dec. 11, mid 180s. Plus one 1-well same rate option

 

Page 3 of 6


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Ensco plc

Fleet Status Report

19 August 2011

 

 

 

Segment /

Region / Rig

   Design    Water
Depth’
   Customer/ Status    Day Rate
$000’s US
   Location    Est. Avail /
Contract
Change
  

Comments

Jackups

                    

North & South America (excluding Brazil)

           

U.S. Gulf of Mexico - See Definitions and Disclaimers

           
ENSCO 59    F&G    300    Cold stacked       Gulf of Mexico      
ENSCO 68    MLT 84-CE    400    Chevron    Low 100s    Gulf of Mexico    Jan. 12    Day rate does not include certain extra reimbursable costs
ENSCO 69    MLT 84-Slot    300    Cold stacked       Gulf of Mexico      
ENSCO 75    MLT Super 116-C    400    Apache    Low 100s    Gulf of Mexico    Oct. 11   
ENSCO 81    MLT 116-C    350    Available    -------------    Gulf of Mexico    ------------   
ENSCO 82    MLT 116-C    300    Chevron    High 70s    Gulf of Mexico    Jan. 12    Day rate does not include certain extra reimbursable costs
ENSCO 86    MLT 82 SD-C    250    Apache    Low 60s    Gulf of Mexico    Jan. 12    Rate increases Sep. 11, mid 60s
ENSCO 87    MLT 116-C    350    Apache    Low 80s    Gulf of Mexico    Oct. 11   
ENSCO 90    MLT 82 SD-C    250    Arena Energy    High 50s    Gulf of Mexico    Nov.11    Rate increases Sep. 11, low 60s
ENSCO 99    MLT 82 SD-C    250    Available    --------------    Gulf of Mexico    ------------   
Pride Wisconsin    MLT-Slot    300    Cold stacked       Gulf of Mexico      
Mexico                     
ENSCO 83    MLT 82 SD-C    250    Pemex    Low 110s    Mexico    Nov. 12    Plus cost adjustments
ENSCO 89    MLT 82 SD-C    250    Pemex    High 70s    Mexico    Mar. 12    Rates adjust to global index rate every 3 months (next Nov. 11)
ENSCO 93    MLT 82 SD-C    250    Pemex    High 80s    Mexico    Mar. 12    Rates adjust to global index rate every 3 months (next Oct. 11)
ENSCO 98    MLT 82 SD-C    250    Pemex    Low 110s    Mexico    Apr. 12    Plus cost adjustments

Europe & Mediterranean

           
North Sea                     
ENSCO 70    Hitachi K1032N    250    PA Resources    High 80s    Denmark    Sep. 11    Next to Tullow to Dec. 11, low 90s. Then to RWE Dea to Dec. 12, high 80s, Plus five 1-well unpriced options
ENSCO 71    Hitachi K1032N    225    Maersk    High 80s    Denmark    Mar. 12    Plus three 1-year options at escalating day rates
ENSCO 72    Hitachi K1025N    225    Maersk    High 80s    Denmark    Jun. 12    Plus three 1-year options at escalating day rates
ENSCO 80    MLT 116-CE    225    Tullow    High 80s    UK    Sep.11    Next to Wintershall to Feb. 12, low 90s, plus one 1-well unpriced option deferred to after EOG. Then to Dana to May. 12, low 100s. Then to Perenco to Aug. 12, mid 90s, plus one 1-well same rate option. Then to EOG to Feb. 13, high 90s, plus one 2-well unpriced option
ENSCO 92    MLT 116-C    225    E.ON    Low 100s    UK    Sep. 11    Next to Ithaca to Oct. 11, low 100s. Then to RWE Dea to Jul. 12, high 80s. Plus three 1-well unpriced options
ENSCO 100    MLT 150-88-C    350    E.ON    Mid 130s    UK    Mar. 12    Plus three 1-well unpriced options
ENSCO 101    KFELS MOD V-A    400    Maersk    Low 170s    UK    Mar. 12    Plus cost adjustments and one unpriced option
ENSCO 102    KFELS MOD V-A    400    ConocoPhillips    Low 200s    UK    Jun. 16    Rate firm for 8 wells (est. 3 years) thereafter at mutually agreed rate. Plus unpriced options

Mediterranean

                    
ENSCO 85    MLT 116-C    300    PA Resources    Mid 90s    Tunisia    Sep.11   

 

Page 4 of 6


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Ensco plc

Fleet Status Report

19 August 2011

 

 

 

Segment /

Region / Rig

  

Design

   Water
Depth’
   Customer/ Status    Day Rate
$000’s US
   Location    Est. Avail /
Contract
Change
  

Comments

Jackups

                    

Middle East & Africa

                 

Middle East

                    
ENSCO 54    F&G L-780 Mod II-C    300    ADOC/Bunduq    High 50s    UAE    Feb. 12    Plus cost adjustments and well-to-well unpriced options
ENSCO 58    F&G    250    Saudi Aramco    Mid 60s    KSA    Dec. 13    Plus one 1-year same rate option
ENSCO 76    MLT Super 116-C    350    Saudi Aramco    Low 100s    Saudi Arabia    Jun. 14    Planned shipyard upgrade late Sep. 11 for approx. 40 days at zero rate. Plus one 1-year option, high 150s
ENSCO 84    MLT 82 SD-C    250    Contracted/
shipyard
      Bahrain    Oct. 11    Next to Saudi Aramco to Dec. 14, low 60s. Planned shipyard upgrade mid 2012 for approx. 80 days at zero rate. Plus one 1-year option, mid 70s
ENSCO 88    MLT 82 SD-C    250    Ras Gas    Mid 60s    Qatar    Mar. 12    Plus multiple options at escalating rates
ENSCO 91    Hitachi    270    Saudi Aramco    High 60s    KSA    Jul. 14    Planned shipyard upgrade late Feb. 12 for approx. 90 days at zero rate. Plus one 1-year option, mid 90s
ENSCO 94    Hitachi 250-C    250    Ras Gas    Mid 60s    Qatar    Jan. 13    Plus multiple options at escalating rates
ENSCO 96    Hitachi 250-C    250    Contracted/
shipyard
      Bahrain    Oct. 11    Next to Saudi Aramco to Dec. 14, low 60s. Planned shipyard upgrade mid 2012 for approx. 80 days at zero rate. Plus one 1-year option, mid 70s
ENSCO 97    MLT 82 SD-C    250    Contracted/
shipyard
      Bahrain    Oct. 11    Next to Saudi Aramco to Dec. 14, low 60s. Planned shipyard upgrade mid 2012 for approx. 80 days at zero rate. Plus one 1-year option, mid 70s
Pride Hawaii    Levingston    300    Cold stacked       Bahrain      
Pride Pennsylvania    MLT    300    Cold stacked       Bahrain      
Africa                     
ENSCO 61    Levingston    300    Perenco    High 80s    Cameroon    Dec. 11    Plus two 1-well same rate options

Asia & Pacific Rim

                 

Southeast Asia / Australia

                 
ENSCO 52    F&G L-780 Mod II-C    300    Petronas Carigali    Mid 70s    Malaysia    Apr. 13    Plus one 1-year unpriced option
ENSCO 53    F&G L-780 Mod II-C    300    Murphy    Mid 70s    Malaysia    Sep. 11    Expect to work to Oct. 11, high 70s. Then expect to work to Dec. 11, high 70s.
ENSCO 56    F&G L-780 Mod II-C    300    Pertamina    Mid 70s    Indonesia    Apr. 13    Planned shipyard inspection mid Aug. 11 for approx. 2 weeks. Plus one 6-month unpriced option
ENSCO 67    MLT 84-CE    400    Pertamina    Low 100s    Indonesia    Jan. 13    Plus one 8-month unpriced option
ENSCO 104    KFELS MOD V-B    400    ConocoPhillips    Mid 120s    Enroute to
Singapore
   Aug. 11    Next to shipyard for planned upgrade, inspection and mob to Oct. 11 at zero rate. Then to Apache in Australia to Oct. 12, mid 140s. Upgrades amortized over Apache’s 1-year term contract of approx. $3,000 per day. Plus one 1-year unpriced option
ENSCO 105    KFELS MOD V-B    400    Talisman    Mid 120s    Malaysia    Aug. 12    Two 1-year unpriced options. Upgrades amortized over Talisman’s primary contract term of approx. $6,000 per day
ENSCO 106    KFELS MOD V-B    400    Newfield    Low 120s    Malaysia    Oct. 12    Upgrades amortized over Newfield’s remaining contract term of approx. $4,000 per day
ENSCO 107    KFELS MOD V-B    400    Premier Oil    Low 110s    Vietnam    Jan. 12    Plus five 1-well options at index rate
ENSCO 108    KFELS MOD V-B    400    TOTAL    High 120s    Brunei    Jan. 12    Next planned shipyard inspection for approx. 2 weeks
ENSCO 109   

KFELS MOD V-

Super B

   350    Apache    Low 150s    Australia    Oct. 11    Plus cost adjustments. Next planned shipyard inspection approx. 10 days. Then 10-day mob to PTTEP, low 100s, then work to Mar. 12, mid 160s

Under Construction - uncontracted

              
TBD 1    KFELS Super A    400    Under construction       Singapore    2Q13   
TBD 2    KFELS Super A    400    Under construction       Singapore    4Q13   

 

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Ensco plc

Fleet Status Report

19 August 2011

 

 

 

Rig

   Design    Water
Depth’ (1)
   Customer/Status    Day Rate
$000’s US
   Location    Est. Avail /
Contract
Change
  

Comments

Other

                    

Deepwater Drilling Management

              
Kizomba    Deepwater TLP
Drilling Rig
   5000    ExxonMobil    Mid 70s    Angola    Apr. 15   
Thunderhorse    Deepwater
Semisubmersible
   6000    BP    Mid 80s    U.S. Gulf
of Mexico
   Jan. 12   

Plus five 1-year

Unpriced options

Barge Rig

                    
ENSCO I    Barge Rig       Cold stacked       Singapore      

Definitions and Disclaimers

Day Rate Definition. The day rates reflected in this Fleet Status Report are the operating day rates charged to customers, which may include estimated contractual adjustments for changes in operating costs and/or reimbursable cost adjustments for ongoing expenses such as crew, catering, insurance and taxes. The day rates, however, do not include certain types of non-recurring revenues such as lump sum mobilization payments, revenues earned during mobilizations, revenues associated with contract preparation and other non-recurring reimbursable items such as mobilizations and capital enhancements, and the impact of the fair market value adjustments to Pride’s drilling contracts in place on the 31 May 2011 acquisition date. Routine and non-routine downtime may reduce the actual revenues recognized during the contract term. Additionally, the Company occasionally negotiates special rates with customers as noted in the comments that reduce revenues recognized during the contract term.

Rig Names. Upon completion of the merger with Pride International, Inc., we intend to rename Pride’s fleet in accordance with our naming convention. We are in the process of completing these name changes, some of which may not be completed for some time. For purposes of our Fleet Status Report, we are using the new names even when the name change has not been completed. Below is a legend showing the name changes.

Legend of Ensco rig names to Pride International rig names

 

ENSCO DS-1    Pride Africa    ENSCO 6000    Pride South America    ENSCO 5002    Pride Sea Explorer    ENSCO 61    Pride Cabinda
ENSCO DS-2    Pride Angola    ENSCO 6001    Pride Carlos Walter    ENSCO 5003    Pride South Seas    ENSCO 91    Pride Montana
ENSCO DS-3    Deep Ocean Ascension    ENSCO 6002    Pride Brazil    ENSCO 5004    Pride Venezuela    Pride Hawaii    Pride Hawaii
ENSCO DS-4    Deep Ocean Clarion    ENSCO 6003    Pride Rio de Janeiro    ENSCO 5005    Pride South Atlantic    Pride Pennsylvania    Pride Pennsylvania
ENSCO DS-5    Deep Ocean Mendocino    ENSCO 6004    Pride Portland    ENSCO 5006    Pride North America    Pride Wisconsin    Pride Wisconsin
ENSCO DS-6    Deep Ocean Molokai    ENSCO 5000    Pride Mexico    ENSCO 58    Pride North Dakota      
ENSCO DS-7    Deep Ocean Marquesas    ENSCO 5001    Pride South Pacific    ENSCO 59    Pride Tennessee      

Forward Looking Statement. Statements contained in this Fleet Status Report 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 involving future rig dayrates; cost adjustments; utilization; estimated rig availability; contract duration, status, terms and other contract commitments; customers; rig enhancement projects; new rig commitments; the expected period of time and number of rigs that will be in a shipyard for repairs, maintenance, enhancement or construction; and scheduled delivery dates for new rigs. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the continued impact of the Macondo well incident; governmental regulatory, legislative and permitting requirements affecting drilling operations; changes in worldwide rig supply and demand, competition and technology; future levels of offshore drilling activity; downtime and other risks associated with offshore rig operations, relocations, severe weather or hurricanes; possible cancellation or suspension of drilling contracts as a result of mechanical difficulties, performance or other reasons; risks inherent to shipyard rig construction, repair, maintenance or enhancement; actual contract commencement dates; environmental or other liabilities, risks or losses; our ability to attract and retain skilled personnel on commercially reasonable terms; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; and the outcome of litigation, legal proceedings, investigations or other claims or contract disputes. 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.

U.S. Gulf of Mexico. Certain Ensco rigs in the U.S. Gulf of Mexico have been and may be further affected by the regulatory developments and other actions that have or may be imposed by the U.S. Department of the Interior. Ensco rig utilization and day rates have been negatively influenced due to regulatory requirements and delays in our customers’ ability to secure drilling and associated permits. Current or future NTLs or other directives, legislation or regulations may further impact our customers' ability to obtain permits and commence or continue deep- or shallow-water operations in the U.S. Gulf of Mexico. We continue to work with our customers on mutually agreeable contingency plans for our deepwater rigs in the U.S. Gulf of Mexico. In certain cases, we have negotiated reduced day rates with existing customers and/or sublet agreements with other customers in the U.S. Gulf of Mexico or elsewhere.

Ensco has rejected all force majeure notices received since the Macondo well incident as invalid under the terms of the applicable drilling contracts. During mid-December 2010, Ensco received a force majeure notice from Nexen regarding ENSCO 8501. Following delivery of the force majeure notice, Nexen only paid the $280,000 force majeure rate (75% of the mid-$370,000 invoiced applicable day rate at the time) under recent invoices. Ensco, in turn, notified Nexen that it is in default, which Nexen has denied. Ensco has commenced litigation to resolve the dispute.

The full impact of the government’s actions and the regulations discussed in this note and potential new regulatory, legislative or permitting requirements has not yet been determined, but could have a further material adverse effect upon our results of operations.

 

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