Attached files
| file | filename |
|---|---|
| 8-K - ENSCO PLC 8-K 8-17-2012 - Valaris Ltd | form8k.htm |
Exhibit 99.1
 |
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
|
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
|
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
|
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
|
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
|
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.
Page 6 of 6