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8-K - ENSCO PLC 8-K 8-17-2012 - Valaris Ltdform8k.htm

Exhibit 99.1
 
 
 
 

 
 
logo
Ensco plc
Fleet Status Report
17 August 2012
   
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)
 
ENSCO DS-3
 
Drillship, DP3 Samsung
 
10000/12000
 
En Route/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 cost adjustments
ENSCO 8500
 
Semisubmersible DP
 
8500/10000
 
Anadarko/Eni
 
Low 300s
 
U.S. Gulf of Mexico
 
Aug. 13
Plus approx. $31,000 per day for lump sum payment of $20 million and one-time reimbursable costs of $27 million amortized over primary contract term. Plus cost adjustments and four 1-year same-rate options
ENSCO 8501
 
Semisubmersible DP
 
8500/10000
 
Nexen/Noble Energy
 
High 370s
 
U.S. Gulf of Mexico
 
Jul. 13
Currently executing Noble's drilling program. Plus approx. $19,000 per day for mobilization expenses and upgrade costs amortized over primary contract term. Plus cost adjustments and unpriced options
ENSCO 8502
 
Semisubmersible DP
 
8500/10000
 
Nexen/LLOG
 
Mid 490s
 
U.S. Gulf of Mexico
 
Jul. 13
Assigned to LLOG. Plus approx. $35,000 per day for reimbursable mobilization expenses and upgrade costs amortized over 2-year contract term. Plus cost adjustments
ENSCO 8503
 
Semisubmersible DP
 
8500/10000
 
Cobalt
 
Mid 540s
 
U.S. Gulf of Mexico
 
Dec. 13
Plus approx. $54,000 per day for reimbursable mobilization expenses and upgrade costs amortized over 2-year contract term
ENSCO 8505
 
Semisubmersible DP
 
8500/10000
 
Anadarko/Apache/ Noble Energy
 
Low 480s
 
U.S. Gulf of Mexico
 
Jul. 14
Zero rate for 23 days in 3Q12. Plus cost adjustments and two 1-year unpriced options
ENSCO 8506
 
Semisubmersible DP
 
8500/10000
 
Contracted/ Delivered/Load Out
     
U.S. Gulf of Mexico
 
Jun. 15
Next to Anadarko for two and one half years, low 530s, with estimated commencement late Dec. 12. Plus cost adjustments
                           
Brazil
 
ENSCO DS-4
 
Drillship, DP3 Samsung
 
10000/12000
 
Shipyard/BP
 
Low 550s
 
Brazil
 
May 16
In shipyard for approx. 15 days at zero rate. Plus cost adjustments
ENSCO 7500
 
Semisubmersible DP
 
8000
 
Petrobras
 
Low 320s
 
Brazil
 
Aug. 14
-----. Eligible for bonus opportunity up to 5%. Plus approx. $20,000 per day for mobilization revenue and expenses amortized over primary contract term. 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
 
Mid 310s
 
Brazil
 
Jan. 17
-----. Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6004
 
Semisubmersible - DP Amethyst 2
 
5700
 
Petrobras
 
Mid 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 280s
 
Israel
 
Feb. 14
Zero rate for 19 days in 3Q12. Rate increases Feb. 13 to mid 410s
                           
Middle East & Africa
 
ENSCO DS-1
 
Drillship - DP Gusto 10,000
 
6000/10000
 
TOTAL
 
Low 350s
 
Angola
 
Jan. 16
Planned shipyard upgrade and inspection late Aug. 12 for approx. 80 days at zero rate. Plus unpriced options and cost adjustments. Eligible for bonus opportunity up to 5%
ENSCO DS-2
 
Drillship - DP Gusto 10,000
 
6000/10000
 
TOTAL
 
Mid 460s
 
Angola
 
Jul. 13
Planned inspection early 3Q13 for approx. 25 days at zero rate. Eligible for bonus opportunity up to 5%, plus cost adjustments
ENSCO 5001
 
Semisubmersible - Conv Sonat
 
5000/6500
 
Maersk
 
Mid 270s
 
Angola
 
Sep. 12
Next to PetroSA in South Africa Oct. 12 to Oct. 14, mid 270s. Plus approx. $7,500 per day for reimbursable mobilization expenses amortized over primary contract term to Oct. 14. Plus two 1-well options, low 320s

 
Page 1 of 6

 
 
logo
Ensco plc
Fleet Status Report
17 August 2012
   
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 DS-6
 
Drillship, DP3 Samsung
 
10000/12000
 
Shipyard/ Contracted
 
Special rate
 
Singapore
 
Dec. 12
In shipyard undergoing reimbursable customer specified upgrades at special day rate. Next to commence 5-year contract with BP in Angola, low 520s, plus cost adjustments. Plus two 1-year options at mutually agreed rates. Special day rate, upgrade costs and mobilization to be amortized over primary contract term
ENSCO 8504
 
Semisubmersible DP
 
8500/10000
 
TOTAL/Shell
 
High 420s
 
Brunei
 
Mar. 13
Sublet to Shell. Plus cost adjustments. TOTAL has options at escalating rates
                           
Under Construction
                   
ENSCO DS-7
 
Drillship, DP3 Samsung
 
10000/12000
 
Under construction
 
 
 
South Korea
 
3Q13
 
ENSCO DS-8
 
Drillship, DP3 Samsung GF12000
 
10000/12000
 
Under construction
     
South Korea
 
3Q14
 
ENSCO DS-9
 
Drillship, DP3 Samsung GF12000
 
10000/12000
 
Under construction
 
 
 
South Korea
 
4Q14
 

(1)
For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.

 
Page 2 of 6

 
 
logo
Ensco plc
Fleet Status Report
17 August 2012
   
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
                           
Midwater
                         
                           
Brazil
                     
ENSCO 5000
 
Semisubmersible - Conv Neptune Pentagon
 
2300/2650
 
Petrobras/Statoil
 
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
Rate increases mid Nov. 12 to low 220s
ENSCO 5004
 
Semisubmersible - Conv F & G Enhanced Pacesetter
 
1500
 
OGX
 
Low 220s
 
Brazil
 
Nov. 13
Rate increases mid Nov. 12 to mid 230s
ENSCO 5005
 
Semisubmersible - Conv F & G Enhanced Pacesetter
 
1500/1700
 
Petrobras
 
Mid 230s
 
Brazil
 
Apr. 13
Potential shipyard stay in 4Q12. Eligible for bonus opportunity up to 10%, plus cost adjustments
ENSCO 6000
 
Semisubmersible - DP Amethyst
 
3400/4000
 
Shipyard/ Petrobras
 
Low 200s
 
Brazil
 
Apr. 13
-----. In shipyard for inspection and repairs ----- for approx. 17 days 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
 
Warm Stacked
 
 
 
Namibia
 
 
 

(1)
For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.

 
Page 3 of 6

 
 
logo
Ensco plc
Fleet Status Report
17 August 2012
   
Monthly Changes
 
Bolded rig names and underlined text signify changes in rig status from previous report.
 
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
 
ENSCO 68
 
MLT 84-CE
 
400
 
Chevron
 
Low 130s
 
Gulf of Mexico
 
Jan. 14
Planned inspection for 10 days in 3Q12. Rate increases Jan. 13 to mid 130s. 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 130s
 
Gulf of Mexico
 
Jan. 13
Plus cost adjustments
ENSCO 81
 
MLT 116-C
 
350
 
Dynamic
 
Low 90s
 
Gulf of Mexico
 
Apr. 13
Plus unpriced options
ENSCO 82
 
MLT 116-C
 
300
 
Chevron
 
Mid 80s
 
Gulf of Mexico
 
Sep. 12
Day rate does not include certain extra reimbursable costs. Next to Energy XXI to Mar. 13, low 120s. Plus cost adjustments
ENSCO 86
 
MLT 82 SD-C
 
250
 
Castex
 
Mid 80s
 
Gulf of Mexico
 
Sep. 12
-----
ENSCO 87
 
MLT 116-C
 
350
 
Apache
 
Mid 110s
 
Gulf of Mexico
 
Jul. 13
Rate increases Jan. 13 to low 120s
ENSCO 90
 
MLT 82 SD-C
 
250
 
Energy XXI
 
Low 90s
 
Gulf of Mexico
 
Jan. 13
Planned inspection for 10 days in 3Q12
ENSCO 99
 
MLT 82 SD-C
 
250
 
Energy XXI
 
Mid 70s
 
Gulf of Mexico
 
Jan. 13
 
Pride Wisconsin
 
MLT-Slot
 
300
 
Cold stacked
     
Gulf of Mexico
     
                         
 
Mexico
 
ENSCO 83
 
MLT 82 SD-C
 
250
 
Pemex
 
Low 110s
 
Mexico
 
Nov. 12
Planned shipyard inspection 1Q13 for approx 21 days at zero rate. Plus cost adjustments
ENSCO 89
 
MLT 82 SD-C
 
250
 
Pemex
 
Mid 80s
 
Mexico
 
Oct. 12
Planned shipyard inspection 3Q13 for approx 21 days at zero rate
ENSCO 93
 
MLT 82 SD-C
 
250
 
Pemex
 
Mid 80s
 
Mexico
 
Oct. 12
Planned shipyard inspection late 3Q12 / early 4Q12 for approx 28 days at zero rate
ENSCO 98
 
MLT 82 SD-C
 
250
 
Pemex
 
Mid 80s
 
Mexico
 
Nov. 12
Planned shipyard inspection 3Q12 for approx 45 days at zero rate.
                           
Europe
                     
                           
North Sea
 
ENSCO 70
 
Hitachi K1032N
 
250
 
RWE Dea
 
High 80s
 
UK
 
Nov. 13
Plus one 1-well unpriced option
ENSCO 71
 
Hitachi K1032N
 
225
 
Shipyard/Maersk
     
Denmark
 
May 13
In shipyard for upgrade through 3Q12 at zero rate. Then return to Maersk, low 110s. Plus two 1-year options at escalating day rates
ENSCO 72
 
Hitachi K1025N
 
225
 
Shipyard/Maersk
 
 
 
Denmark
 
Sep. 13
In shipyard for inspection and upgrade for approx. 53 days in 3Q12 at zero rate. Then return to Maersk, low 110s. Plus approx. $7,000 per day for reimbursable upgrade cost amortized over 1-year term. Plus three 1-year options at escalating day rates and one 1-year option at mutually agreed rate.
ENSCO 80
 
MLT 116-CE
 
225
 
Perenco
 
Mid 90s
 
UK
 
Feb. 13
Next to EOG to Nov. 13, high 90s. Rate increases Aug. 13 to low 130s and Sep. 13 to high 130s. Then to GDF to Nov. 16, high 130s. Plus cost adjustments and unpriced options
ENSCO 92
 
MLT 116-C
 
225
 
RWE Dea
 
High 80s
 
UK
 
Mar. 13
Plus one 1-well unpriced option. Rate increases Nov. 12 to mid 140s. Next to Tullow to Aug. 13, low 130s. Rate increases May 13 to mid 140s. Plus cost adjustments. -----. Then to Bridge to Nov. 13, mid 140s. Plus cost adjustments
ENSCO 100
 
MLT 150-88-C
 
350
 
E.ON
 
High 150s
 
UK
 
Jan. 13
Planned shipyard inspection 1Q13 for approx. 21 days at zero rate. Next to Ithaca to Jul. 14, low 160s. Plus cost adjustments and two 1-well options
ENSCO 101
 
KFELS MOD V-A
 
400
 
Maersk
 
Low 200s
 
UK
 
Oct. 12
Plus cost adjustments. Planned shipyard inspection early 4Q12 for approx. 14 days at zero rate. Next to Tullow to Feb. 13, mid 210s. Plus cost adjustments. Then to DONG in Denmark to Jun. 13, low 220s. Plus cost adjustments and two 30 day unpriced options. Expect to work to Jun. 14, mid 210s, plus two 6-month unpriced options
ENSCO 102
 
KFELS MOD V-A
 
400
 
ConocoPhillips
 
Low 200s
 
UK
 
Jun. 16
Planned shipyard inspection early 2Q13 for approx. 25 days at zero rate. Rate firm for 8 wells (est. 3 years) thereafter at mutually agreed rate. Plus cost adjustments and unpriced options

 
Page 4 of 6

 
 
logo
Ensco plc
Fleet Status Report
17 August 2012
   
Monthly Changes
 
Bolded rig names and underlined text signify changes in rig status from previous report.
 
Segment /
Region / Rig
 
Design
 
Water
Depth'
 
Customer/ Status
 
Day Rate
$000′s US
 
Location
 
Est. Avail /
Contract
Change
Comments
                           
Middle East & Africa
                     
                           
Middle East
 
ENSCO 54
 
F&G L-780 Mod II-C
 
300
 
Bunduq
 
Mid 90s
 
UAE
 
Mar. 13
Plus cost adjustments. Planned shipyard starting late Sep. 12 for approx. 45 days with day rate of low 70s for 10 days while in shipyard. Next to BG in India to Sep. 13, low 140s. Plus approx. $9,000 per day for mobilization amortized over primary contract term
ENSCO 58
 
F&G L-780 Mod II
 
250
 
Saudi Aramco
 
Mid 60s
 
Saudi Arabia
 
Jan. 14
Planned inspection mid 1Q13 for approx. 35 days at zero rate. 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 Jan. 13 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
 
May 13
Rate increases Jan. 13 to low 80s. Next planned shipyard upgrade and mobilization May 13 for approx. 90 days at zero rate. Then to Saudi Aramco to Aug. 16, low 100s
ENSCO 91
 
Hitachi Zosen Drill Hope C-150
 
270
 
Saudi Aramco
 
High 60s
 
Saudi Arabia
 
Aug. 14
-----. Plus one 1-year option, mid 90s
ENSCO 94
 
Hitachi 250-C
 
250
 
Ras Gas
 
Mid 60s
 
Qatar
 
Dec. 12
Next planned shipyard upgrade and mobilization Dec. 12 for approx. 90 days at zero rate. Then to Saudi Aramco to Mar. 16, low 100s
ENSCO 96
 
Hitachi 250-C
 
250
 
Saudi Aramco
 
Low 60s
 
Saudi Arabia
 
Nov. 14
Planned shipyard upgrade Apr. 13 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
Zero rate for 14 days in 3Q12. Planned shipyard upgrade Jul. 13 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
 
 
 
                           
Asia & Pacific Rim
                     
                           
Southeast Asia / Australia
                     
ENSCO 52
 
F&G L-780 Mod II-C
 
300
 
Murphy
 
High 70s
 
Malaysia
 
Apr. 14
-----. Plus cost adjustments and one 1-year unpriced option. Plus approx. $2,000 per day for upgrade costs amortized over primary contract term. Planned shipyard upgrade 1Q/2Q13 for approx. 60 days at zero rate
ENSCO 53
 
F&G L-780 Mod II-C
 
300
 
BC Petroleum
 
Low 100s
 
Malaysia
 
Feb. 13
 
ENSCO 56
 
F&G L-780 Mod II-C
 
300
 
Pertamina
 
Mid 70s
 
Indonesia
 
Apr. 13
Plus one 6-month unpriced option. Planned shipyard time 2Q13 for approx. 55 days at zero rate
ENSCO 67
 
MLT 84-CE
 
400
 
Pertamina
 
Low 100s
 
Indonesia
 
Jan. 13
Plus one 8-month unpriced option
ENSCO 85
 
MLT 116-C
 
300
 
Pearl (Mubadala)
 
High 110s
 
Thailand
 
Dec. 12
Plus cost adjustments
ENSCO 104
 
KFELS MOD V-B
 
400
 
Apache
 
High 170s
 
Australia
 
May 13
Plus cost adjustments. -----
ENSCO 105
 
KFELS MOD V-B
 
400
 
Talisman
 
Low 130s
 
Malaysia
 
Aug. 12
Planned shipyard time Sep. 12 for approx. 14 days at zero rate. -----. Expect to work to Oct. 13, plus one 1-year unpriced option, low 150s
ENSCO 106
 
KFELS MOD V-B
 
400
 
Newfield
 
Mid 120s
 
Malaysia
 
Oct. 13
Plus cost adjustments. Plus approx. $4,000 per day for upgrade costs amortized through Oct. 12. Rate increases Oct. 12 to low 140s
ENSCO 107
 
KFELS MOD V-B
 
400
 
Thang Long JOC (PV Drilling)
 
Mid 140s
 
Vietnam
 
Jan. 13
-----. Plus cost adjustments and one 1-well unpriced option
ENSCO 108
 
KFELS MOD V-B
 
400
 
PTTEP
 
Mid 130s
 
Thailand
 
Apr. 14
-----. Plus approx. $2,000 per day for upgrade costs amortized over primary contract term
ENSCO 109
 
KFELS MOD V-Super B
 
350
 
ENI/Murphy/ Vermillion/Santos
 
Mid 170s
 
Australia
 
Mar. 13
-----. Expect to work to 3Q13, high 180s
                           
Under Construction
                     
ENSCO 120
 
KFELS Super A
 
400
 
Under construction/ contracted
 
 
 
Singapore
 
2Q13
Contracted to Nexen in the UK from 4Q13 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
17 August 2012
   
Monthly Changes
 
Bolded rig names and underlined text signify changes in rig status from previous report.
 
Rig
 
Design
 
Water
Depth'
 
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 40s
 
Angola
 
Feb. 15
Currently reduced crew. Rate increases Jan. 13 to mid 80s with full crew complement
Thunderhorse
 
Deepwater Semisubmersible
 
6000
 
BP
 
Mid 90s
 
U.S. Gulf of Mexico
 
Jan. 13
Plus four 1-year priced options, plus cost adjustments
Mad Dog
 
Deepwater Spar Drilling Rig
 
4500
 
BP
 
Low 60s
 
U.S. Gulf of Mexico
 
Jan. 15
Plus one 1-year priced option, plus cost adjustments
                           
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. We are in the process of completing name changes on some of our rigs, some of which may not be completed for some time. For the purpose 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 rig names changing
 
ENSCO DS-1
Pride Africa
ENSCO 6000
Pride South America
ENSCO 5002
Pride Sea Explorer
Pride Hawaii
Pride Hawaii
ENSCO DS-2
Pride Angola
ENSCO 6001
Pride Carlos Walter
ENSCO 5003
Pride South Seas
Pride Pennsylvania
Pride Pennsylvania
ENSCO DS-3
Deep Ocean Ascension
ENSCO 6002
Pride Brazil
ENSCO 5004
Pride Venezuela
Pride Wisconsin
Pride Wisconsin
ENSCO DS-4
Deep Ocean Clarion
ENSCO 6003
Pride Rio de Janeiro
ENSCO 5005
Pride South Atlantic
 
 
ENSCO DS-5
Deep Ocean Mendocino
ENSCO 6004
Pride Portland
ENSCO 5006
Pride North America
   
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 91
Pride Montana
   
 
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 day rates; 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 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.
 
 
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