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Exhibit 99.1

 

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Ensco plc                 

Fleet Status Report

18 November 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/En route    Low 520s   

U.S. Gulf of

Mexico

   Jun. 16    Sublet to Petrobras and mobilizing to Angola to mid 2012. Plus cost adjustments
ENSCO DS-5   

Drillship, DP3

Samsung

   10000/12000    Petrobras    Mid 430s   

U.S. Gulf of

Mexico

   Jul. 16    In 4Q11 on zero rate for 64 days. Eligible for bonus opportunity up to 17%, plus cost adjustments
ENSCO 8500    Semisubmersible DP    8500/10000    Anadarko/Eni    Mid 290s   

U.S. Gulf of

Mexico

   Aug. 13    In 4Q11 on zero rate for 7 days. 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    Low 490s   

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    Nov. 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, mid 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    High 540s    Brazil    May 16    In 4Q11 on zero rate for 22 days. Plus cost adjustments
ENSCO 7500    Semisubmersible DP    8000    Contracted/sea trials       Brazil    Nov. 11    Next to Petrobras to Jun. 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

   5700    Petrobras    Mid 270s    Brazil    Jun. 13    Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6002   

Semisubmersible -

DP Amethyst 2

   5700    Petrobras    Mid 270s    Brazil    Jul. 13    Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6003   

Semisubmersible -

DP Amethyst 2

   5700    Petrobras    High 310s    Brazil    Jan. 17    In 4Q11 in shipyard for 4 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    Jan. 12    Plus cost adjustments and four 1-well same price options
Middle East & Africa                  
ENSCO DS-1   

Drillship - DP Gusto

10,000

   6000/10000    TOTAL    Mid 190s    Angola    Mar. 15    In 4Q11 on zero rate for 10 days. Rate increases late Dec. 11, low 310s, then increases Oct. 12 to low 350s. Planned shipyard upgrade and inspection 3Q12 for approx. 90 days at zero rate. Plus options and cost adjustments. Eligible for bonus opportunity up to 7% to Dec. 11 and up to 5% thereafter
ENSCO DS-2   

Drillship - DP Gusto

10,000

   6000/10000    TOTAL    Mid 460s    Angola    Jul. 13    In 4Q11 on zero rate for 8 days. Eligible for bonus opportunity up to 5%, plus cost adjustments
ENSCO 5001   

Semisubmersible -

Conv Sonat

   5000/6500    Maersk    Mid 270s    Angola    Jun. 12    Next to PetroSA in South Africa to Jun. 14, mid 270s. Plus two 1-well options, low 320s

 

Page 1 of 6


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Ensco plc                  

Fleet Status Report

18 November 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       TOTAL    Mid 420s    Brunei    May 12    In Oct. 11, 13 days at zero rate to complete acceptance testing as planned and related activities. Plus options. Mob and upgrade costs amortized over contract at approx. $94,000 per day

Under Construction

  
ENSCO DS-6    Drillship, DP3
Samsung
     10000/12000       Under construction       South Korea    Dec.11   
ENSCO DS-7    Drillship, DP3
Samsung
     10000/12000       Under construction       South Korea    2H13   
ENSCO 8505    Semisubmersible DP      8500/10000       Under construction/

Contracted

      Singapore    1Q12    Contracted to Anadarko/Apache/Noble Energy in US GOM for longer of two years or two rotations each, mid 470s, with estimated commencement in 2Q12. Plus two 1-year priced options
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

18 November 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    High 230s    Brazil    Jul. 13    Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 5002    Semisubmersible -
Conv Aker H-3
   1000    OGX    Low 200s    Brazil    Nov. 13    Planned shipyard inspection mid Jan. 12 for approx. 60 days. Then rate changes mid Nov. 12 to low 220s
ENSCO 5004    Semisubmersible -
Conv F & G Enhanced
Pacesetter
   1500    OGX    Low 220s    Brazil    Nov. 13    Rate changes mid 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    Estimate 53 days of downtime for shipyard stay in 4Q11 at zero rate. 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    SOCO    Mid 180s    Congo    Jan. 12    Plus one 1-well same rate option

 

Page 3 of 6


LOGO   

Ensco plc                  

Fleet Status Report

18 November 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   Mar. 12   Rate increase Jan. 12 to mid 110s. Plus cost adjustments
ENSCO 81   MLT 116-C   350   Cimarex   Mid 80s   Gulf of Mexico   Dec. 11   Next to Walter to Feb. 12, mid 80s. Then to Dynamic to Feb. 13, low 90s plus unpriced options
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   Mid 60s   Gulf of Mexico   Jan. 12  
ENSCO 87   MLT 116-C   350   Apache   Mid 80s   Gulf of Mexico   Apr. 12  
ENSCO 90   MLT 82 SD-C   250   Energy XXI   Mid 60s   Gulf of Mexico   Mar. 12  
ENSCO 99   MLT 82 SD-C   250   Energy XXI   Mid 60s   Gulf of Mexico   Mar. 12  
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   Mid 80s   Mexico   Mar. 12   Rates adjust to global index rate every 3 months (next Feb. 12)
ENSCO 93   MLT 82 SD-C   250   Pemex   Low 90s   Mexico   Mar. 12   Rates adjust to global index rate every 3 months (next Jan. 12)
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   Tullow   Low 90s   UK   Feb. 12   Next to RWE Dea to Jan. 13, 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   Wintershall   Low 90s   UK   Feb. 12   Next to Dana to Apr. 12, low 100s. Then to Perenco to Jul. 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   Ithaca   Low 100s   UK   Dec. 11   Next to RWE Dea to Sep. 12, high 80s. Plus three 1-well unpriced options
ENSCO 100   MLT 150-88-C   350   E.ON   Mid 130s   UK   Apr. 12   Rate increases Feb. 12 to low 160s. Plus three 1-well unpriced options
ENSCO 101   KFELS MOD V-A   400   Maersk   Low 170s   UK   Jun. 12   Rate increases Feb. 12 to low 200s. 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   ---------------   -----------   Malta   ---------   Next to shipyard for upgrade in Singapore for approx. 4 months

 

Page 4 of 6


LOGO   

Ensco plc                  

Fleet Status Report

18 November 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   Jun. 12   Rate increases Feb. 12 to high 60s. 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   Plus one 1-year option, high 150s
ENSCO 84   MLT 82 SD-C   250   Saudi Aramco   Low 60s   Saudi Arabia   Nov. 14   Planned shipyard upgrade Mar. 12 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   Dec. 12   Plus multiple options at escalating rates
ENSCO 91   Hitachi   270   Saudi Aramco   High 60s   KSA   Jul. 14   Planned shipyard upgrade early Mar. 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/en route     Bahrain   Nov. 11   Next to Saudi Aramco to Nov. 14, low 60s. Planned shipyard upgrade 3Q12 for approx. 80 days at zero rate. Plus one 1-year option, mid 70s
ENSCO 97   MLT 82 SD-C   250   Saudi Aramco   Low 60s   Saudi Arabia   Nov. 14   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   Nov. 11   Plus one 1-well same rate option
Asia & Pacific Rim              
Southeast Asia /
Australia
             
ENSCO 52   F&G L-780 Mod II-C   300   Petronas Carigali   Mid 70s   Malaysia   Apr. 13   Assigned to Murphy for remaining term, mid 70s. Late 1Q12 10-day inspection, mid 30s. Plus one year option at same rate and one year unpriced option
ENSCO 53   F&G L-780 Mod II-C   300   Carigali Hess   High 70s   Malaysia   Nov. 11   Next to Petronas Carigali to Feb. 12, high 70s. Then to Salamander in Thailand to Jun. 12, low 80s
ENSCO 56   F&G L-780 Mod II-C   300   Pertamina   Mid 70s   Indonesia   Apr. 13   Planned shipyard time for approx. 15 days in May 12 at zero rate. 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   Apache   Low 150s   Australia   Nov. 12   Plus cost adjustments. 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   Low 130s   Malaysia   Aug. 12   Plus cost adjustments. 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   Mid 120s   Malaysia   Oct. 12   Plus cost adjustments. 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   Mar. 12   Rate increases late Jan. 12 to low 130s. Plus four 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. 3 weeks
ENSCO 109   KFELS MOD V-
Super B
  350   PTTEP   Low 100s   Australia   Nov. 11   On standby rate. Then to PTTEP for work to Apr. 12, low 170s. Then to ENI/Murphy/Vermillion/Santos for work to Nov. 12, mid 170s. Plus one 1-well option
Under Construction              
ENSCO 120   KFELS Super A   400   Under construction/
contracted
    Singapore   2Q13   Contracted to Nexen from Q413 to Mar. 15, low 230s. Plus cost adjustments and eleven 1-well options, mid 250s. Mob fee of $7.5 million to be amortized over primary contract term
ENSCO 121   KFELS Super A   400   Under construction   Singapore   4Q13  
ENSCO 122   KFELS Super A   400   Under construction   Singapore   3Q14  

 

Page 5 of 6


LOGO   

Ensco plc                  

Fleet Status Report

18 November 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 80s    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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