Attached files
| file | filename |
|---|---|
| 8-K - ENSCO PLC 8-K 3-14-2013 - Valaris Ltd | form8k.htm |
EXHIBIT 99.1
 |
Ensco plc
Fleet Status Report
14 March 2013
|
|
Monthly Changes
|
||||||||||||||
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Bolded rig names and underlined text signify changes in rig status from previous report.
|
||||||||||||||
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Rig Type
Region / Rig
|
Design
|
Water
Depth' (1)
|
Customer/
Status
|
Day Rate
$000′s US
|
Location
|
Est. Avail (2)
|
Comments
|
|||||||
|
Floaters
|
||||||||||||||
| North & South America (excluding Brazil) | ||||||||||||||
|
ENSCO DS-3
|
Drillship, DP3 Samsung
|
10000/12000 |
BP
|
Low 490s
|
U.S. Gulf of Mexico
|
Jun. 16
|
Zero rate for approx. 45 days in 1Q13. Plus cost adjustments
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|||||||
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ENSCO DS-5
|
Drillship, DP3 Samsung
|
10000/12000 |
Petrobras
|
Mid 430s
|
U.S. Gulf of Mexico
|
Jul. 16
|
Zero rate for approx. 27 days in 1Q13. Eligible for bonus opportunity up to 17%, plus cost adjustments
|
|||||||
|
ENSCO 8500
|
Semisubmersible DP
|
8500/10000
|
Anadarko/Eni
|
Low 300s
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U.S. Gulf of Mexico
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Sep. 14
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Planned inspection for approx. 20 days in 4Q13 at zero rate. Plus approx. $31,000 per day for lump sum payment of $20 million and one-time reimbursable costs of $27 million amortized through Aug. 13. Plus cost adjustments and three 1-year same-rate options
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|||||||
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ENSCO 8501
|
Semisubmersible DP
|
8500/10000
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Nexen/Noble Energy
|
Mid 380s
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U.S. Gulf of Mexico
|
Aug. 14
|
Plus approx. $19,000 per day for mobilization expenses and upgrade costs amortized through Aug. 13. Plus cost adjustments. Continue with Noble Energy to Aug. 14, mid 520s. Plus cost adjustments and three 1-year unpriced options
|
|||||||
|
ENSCO 8502
|
Semisubmersible DP
|
8500/10000
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Nexen/LLOG
|
Low 500s
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U.S. Gulf of Mexico
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Jul. 13
|
Assigned to LLOG. Plus approx. $35,000 per day for reimbursable mobilization expenses and upgrade costs amortized through Jul. 13. Plus cost adjustments
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|||||||
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ENSCO 8503
|
Semisubmersible DP
|
8500/10000 |
Cobalt
|
Low 550s
|
U.S. Gulf of Mexico
|
Jan. 14
|
Plus approx. $54,000 per day for reimbursable mobilization expenses and upgrade costs amortized through Dec. 13. Plus cost adjustments
|
|||||||
|
ENSCO 8505
|
Semisubmersible DP
|
8500/10000
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Anadarko/Apache/
Noble Energy
|
High 480s
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U.S. Gulf of Mexico
|
Jul. 14
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Plus cost adjustments and two 1-year unpriced options
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|||||||
|
ENSCO 8506
|
Semisubmersible DP
|
8500/10000 |
Anadarko
|
Low 530s
|
U.S. Gulf of Mexico
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Jul. 15
|
Plus cost adjustments
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|
Brazil
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||||||||||||||
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ENSCO DS-4
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Drillship, DP3
Samsung
|
10000/12000
|
BP
|
Mid 550s
|
Brazil
|
Jul. 16
|
Zero rate for approx. 27 days in 1Q13. Plus cost adjustments
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|
ENSCO 7500
|
Semisubmersible DP
|
8000
|
Petrobras
|
Low 320s
|
Brazil
|
Aug. 14
|
Zero rate for approx. 54 days in 1Q13 and approx. 10 days in 2Q13. 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
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ENSCO 6001
|
Semisubmersible - DP Megathyst
|
5700
|
Petrobras
|
Mid 270s
|
Brazil
|
Jun. 13
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Zero rate for approx. 7 days in 1Q13. Eligible for bonus opportunity up to 15%, plus cost adjustments
|
|||||||
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ENSCO 6002
|
Semisubmersible - DP Megathyst
|
5700 |
Petrobras
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Mid 270s
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Brazil
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Jul. 13
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Zero rate for approx. 6 days in 1Q13. Eligible for bonus opportunity up to 15%, plus cost adjustments
|
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ENSCO 6003
|
Semisubmersible - DP Megathyst
|
5700 |
Petrobras
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High 310s
|
Brazil
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Jan. 17
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Zero rate for approx. 4 days in 1Q13. Eligible for bonus opportunity up to 15%, plus cost adjustments
|
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ENSCO 6004
|
Semisubmersible - DP Megathyst
|
5700 |
Petrobras
|
High 310s
|
Brazil
|
Oct. 16
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Eligible for bonus opportunity up to 15%, plus cost adjustments
|
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ENSCO 5000
|
Semisubmersible - Conv Neptune Pentagon
|
2300/2650 |
Petrobras
|
High 230s
|
Brazil
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Jul. 13
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Zero rate for approx. 12 days in 1Q13. Eligible for bonus opportunity up to 15%, plus cost adjustments
|
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ENSCO 5002
|
Semisubmersible - Conv Aker H-3
|
1000 |
OGX
|
Low 220s
|
Brazil
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Nov. 13
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Zero rate for approx. 5 days in 1Q13
|
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ENSCO 5004
|
Semisubmersible - Conv F & G Enhanced Pacesetter
|
1500 |
OGX
|
Mid 230s
|
Brazil
|
Nov. 13
|
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ENSCO 6000
|
Semisubmersible - DP Amethyst
|
3400/4000 |
Petrobras
|
Low 200s
|
Brazil
|
Apr. 14
|
Rate increases Apr. 13 to mid 270s. Currently outfitted for workover activity. Eligible for bonus opportunity up to 18%, plus cost adjustments
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|||||||
|
Ensco plc
Fleet Status Report
14 March 2013
|
|
Monthly Changes
|
||||||||||||||
|
Bolded rig names and underlined text signify changes in rig status from previous report.
|
||||||||||||||
|
Rig Type
Region / Rig
|
Design
|
Water
Depth' (1)
|
Customer/
Status
|
Day Rate
$000′s US
|
Location
|
Est. Avail (2)
|
Comments
|
|||||||
|
Floaters
|
||||||||||||||
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Europe & Mediterranean
|
||||||||||||||
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ENSCO 5006
|
Semisubmersible - Conv Bingo 8,000
|
6200/7500
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Noble Energy
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Low 430s
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Israel
|
Jan. 18
|
Mobilize to Singapore shipyard in 1Q14 under contract to Inpex for 40 month drilling program in Australia with estimated commencement 3Q14, initially low 460s. Plus periodic rate increases resulting in low 490s average rate over drilling program. Plus initial estimate of $166,000 per day amortized over the duration of the drilling program for capital upgrades and day rates during shipyard stay and mobilizations
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Middle East & Africa
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||||||||||||||
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ENSCO DS-1
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Drillship - DP Gusto 10,000
|
6000/10000 |
TOTAL
|
Low 350s
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Angola
|
Jan. 16
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Zero rate for approx. 10 days in 1Q13. Plus unpriced options and cost adjustments. Eligible for bonus opportunity up to 5%
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ENSCO DS-2
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Drillship - DP Gusto 10,000
|
6000/10000 |
TOTAL
|
Low 480s
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Angola
|
Jul. 13
|
Zero rate for approx. 27 days in 1Q13. Planned inspection early 3Q13 for approx. 25 days at zero rate. Eligible for bonus opportunity up to 5%, plus cost adjustments
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ENSCO DS-6
|
Drillship, DP3 Samsung
|
10000/12000 |
BP
|
Low 520s
|
Angola
|
Feb. 18
|
Plus approx. $103,000 per day amortized over 5-year contract term for special day rate ahead of mobilization, upgrade costs and estimated reimbursable mobilization expenses. Plus cost adjustments and two 1-year options at mutually agreed rates
|
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ENSCO 5001
|
Semisubmersible - Conv Sonat
|
5000/6500 |
PetroSA
|
Low 280s
|
South Africa
|
Jan. 15
|
Zero rate for 15 days in 1Q13 for mobilization. Plus approx. $7,500 per day for reimbursable mobilization expenses amortized over primary contract term to Jan. 15. Plus two 1-well options, low 320s
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Asia & Pacific Rim
|
||||||||||||||
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ENSCO 8504
|
Semisubmersible DP
|
8500/10000
|
Shell
|
Low 470s
|
Philippines
|
May 15
|
Eligible for bonus opportunity up to 15%, plus cost adjustments. Mobilization fee of $4 million to be amortized over primary contract term. Then to Shell in Malaysia Jul. 13 to May 15, mid 530s. Plus cost adjustments
|
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|
ENSCO 5005
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Semisubmersible - Conv F & G Enhanced Pacesetter
|
1500/1700
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Shipyard
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Singapore
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1Q14
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Planned inspection and shipyard upgrades
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Under Construction
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ENSCO DS-7
|
Drillship, DP3 Samsung
|
10000/12000
|
Under construction/
Contracted
|
South Korea
|
4Q16
|
Contracted to Total in Angola from 4Q13 to 4Q16, initial rate mid 610s for first 90 days after commencement. Plus periodic rate increases resulting in high 640s average rate over three-year contract. Mob fee of $31 million to be amortized over primary contract term
|
||||||||
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ENSCO DS-8
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Drillship, DP3 Samsung GF12000
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10000/12000
|
Under construction
|
South Korea
|
3Q14
|
|||||||||
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ENSCO DS-9
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Drillship, DP3 Samsung GF12000
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10000/12000
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Under construction
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South Korea
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4Q14
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|||||||||
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(1)
|
For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.
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(2)
|
Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the expected delivery date from the shipyard.
|
|
Ensco plc
Fleet Status Report
14 March 2013
|
|
Rig Type
Region / Rig
|
Design
|
Water
Depth'
|
Customer/
Status
|
Day Rate
$000′s US
|
Location
|
Est. Avail (1)
|
Comments
|
|||||||
|
Jackups
|
||||||||||||||
|
North & South America (excluding Brazil)
|
||||||||||||||
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U.S. Gulf of Mexico
|
||||||||||||||
|
ENSCO 68
|
MLT 84-CE
|
400 |
Chevron
|
Mid 130s
|
Gulf of Mexico
|
Jan. 14
|
Day rate does not include certain extra reimbursable costs
|
|||||||
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ENSCO 69
|
MLT 84-Slot
|
300 |
Cold stacked
|
|
Gulf of Mexico
|
|||||||||
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ENSCO 75
|
MLT Super 116-C
|
400 |
Apache
|
High 130s
|
Gulf of Mexico
|
Jan. 14
|
Plus cost adjustments
|
|||||||
|
ENSCO 81
|
MLT 116-C
|
350 |
Dynamic
|
Low 90s
|
Gulf of Mexico
|
Nov. 13
|
Next to Stone Apr. 13 to Nov. 13, high 130s
|
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|
ENSCO 82
|
MLT 116-C
|
300 |
Energy XXI
|
Mid 120s
|
Gulf of Mexico
|
Sep. 13
|
Rate increases May 13 to low 130s and Jul. 13 to mid 130s, plus cost adjustments
|
|||||||
|
ENSCO 86
|
MLT 82 SD-C
|
250 |
Apache
|
Low 110s
|
Gulf of Mexico
|
Jul. 13
|
||||||||
|
ENSCO 87
|
MLT 116-C
|
350 |
Apache
|
Low 120s
|
Gulf of Mexico
|
Jul. 13
|
||||||||
|
ENSCO 90
|
MLT 82 SD-C
|
250 |
Energy XXI
|
Low 110s
|
Gulf of Mexico
|
Oct. 13
|
||||||||
|
ENSCO 99
|
MLT 82 SD-C
|
250 |
Energy XXI
|
Low 110s
|
Gulf of Mexico
|
Oct. 13
|
||||||||
|
Pride Wisconsin
|
MLT-Slot
|
300 |
Cold stacked
|
Gulf of Mexico
|
||||||||||
|
Mexico
|
||||||||||||||
|
ENSCO 83
|
MLT 82 SD-C
|
250
|
Pemex
|
Low 90s
|
Mexico
|
Oct. 16
|
Shipyard inspection for approx. 23 days in 1Q13 at zero rate
|
|||||||
|
ENSCO 89
|
MLT 82 SD-C
|
250
|
Pemex
|
Low 90s
|
Mexico
|
Nov. 15
|
Planned inspection 3Q13 for approx. 21 days at zero rate
|
|||||||
|
ENSCO 93
|
MLT 82 SD-C
|
250
|
Pemex
|
Low 90s
|
Mexico
|
Jun. 15
|
||||||||
|
ENSCO 98
|
MLT 82 SD-C
|
250
|
Pemex
|
Low 90s
|
Mexico
|
Aug. 15
|
|
Europe
|
||||||||||||||
|
North Sea
|
||||||||||||||
|
ENSCO 70
|
Hitachi K1032N
|
250
|
RWE Dea
|
Mid 140s
|
UK
|
Feb. 14
|
-----. Plus one 1-well unpriced option. Planned shipyard upgrade and inspection late 3Q13 for approx. 90 days at zero rate. Then to RWE Dea Dec. 13 to Feb. 14, mid 140s
|
|||||||
|
ENSCO 71
|
Hitachi K1032N
|
225
|
Maersk
|
Low 110s
|
Denmark
|
May 14
|
Plus approx. $13,000 per day for reimbursable upgrade cost amortized Oct. 12 to May 13. Rate increases May 13 to low 140s. Plus two 1-year options at escalating day rates and one 1-year at mutually agreed rate
|
|||||||
|
ENSCO 72
|
Hitachi K1025N
|
225
|
Maersk
|
Low 110s
|
Denmark
|
Aug. 13
|
Plus approx. $7,000 per day for reimbursable upgrade cost amortized Aug. 12 to Aug. 13. 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
|
High 90s
|
UK
|
Jan. 17
|
Plus cost adjustments. Next to EOG Apr. 13 to Jan. 14, high 90s, plus cost adjustments. Rate increases Oct. 13 to low 130s and Nov. 13 to high 130s, plus cost adjustments. Then to GDF Jan. 14 to Jan. 17, high 130s. Plus cost adjustments and unpriced option
|
|||||||
|
ENSCO 92
|
MLT 116-C
|
225
|
RWE Dea
|
Mid 140s
|
UK
|
Jul. 14
|
-----. Next to O.N.E in Netherlands May 13 to Jul. 13, low 130s. Plus cost adjustments. Then to Tullow in Netherlands Jul. 13 to Oct. 13, mid 140s. -----. Plus cost adjustments. Then to O.N.E Oct. 13 to Mar. 14, mid 140s. Plus cost adjustments. Then to ConocoPhillips in UK Mar. 14 to Jul. 14, low 160s. Plus cost adjustments
|
|||||||
|
ENSCO 100
|
MLT 150-88-C
|
350
|
E.ON
|
High 150s
|
UK
|
Oct. 14
|
Planned shipyard inspection for approx. 35 days in 2Q13 at zero rate. Next to Ithaca May 13 to Oct. 14, low 160s. Plus cost adjustments and two 1-well options
|
|||||||
|
ENSCO 101
|
KFELS MOD V-A
|
400
|
Maersk
|
Low 200s
|
UK
|
Dec. 14
|
Planned shipyard inspection for approx. 8 days in 1Q13 and approx. 17 days in 2Q13 at zero rate. Next to Tullow Apr. 13 to Aug. 13, mid 210s. Then to DONG in Denmark to Dec. 13, low 220s. Plus two 25-day unpriced options. Then to BP in UK to Dec. 14, mid 210s, plus two 6-month unpriced options. All with cost adjustments
|
|||||||
|
ENSCO 102
|
KFELS MOD V-A
|
400
|
ConocoPhillips
|
Low 200s
|
UK
|
Jun. 16
|
Planned shipyard inspection for approx. 14 days in 1Q13 and approx. 11 days in 2Q13 at zero rate. Rate firm for 8 wells (est. through Jun. 14) thereafter at mutually agreed rate. Plus cost adjustments and unpriced options
|
|
Ensco plc
Fleet Status Report
14 March 2013
|
|
Rig Type
Region / Rig
|
Design
|
Water
Depth'
|
Customer/
Status
|
Day Rate
$000′s US
|
Location
|
Est. Avail (1)
|
Comments
|
|||||||
|
Jackups
|
|
Middle East & Africa
|
||||||||||||||
|
Middle East
|
||||||||||||||
|
ENSCO 54
|
F&G L-780 Mod II-C
|
300
|
Bunduq
|
Mid 90s
|
UAE
|
Sep. 13
|
Plus cost adjustments. Next to BG in India Mar. 13 to Sep. 13, low 140s. Plus approx. $9,000 per day for mobilization amortized over contract term
|
|||||||
|
ENSCO 58
|
F&G L-780 Mod II
|
250 |
-----Saudi Aramco
|
Mid 60s
|
Saudi Arabia
|
Jan. 14
|
Planned inspection for approx. 45 days in 1Q14 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
|
Planned inspection 4Q13 for approx. 20 days at zero rate. Plus one 1-year option, high 150s
|
|||||||
|
ENSCO 84
|
MLT 82 SD-C
|
250
|
-----Shipyard
|
-----
|
Saudi Arabia
|
Nov. 14
|
Shipyard upgrade for approx. 35 days in 1Q13 and approx. 45 days in 2Q13 at zero rate. Then to Saudi Aramco to Nov. 14, low 60s. Plus one 1-year option, mid 70s
|
|||||||
|
ENSCO 88
|
MLT 82 SD-C
|
250
|
Ras Gas
|
Low 80s
|
Qatar
|
Sep. 16
|
Rate increases May 13 to low 110s. Next planned shipyard upgrade and mobilization for approx. 30 days in 2Q13 and approx. 90 days in 3Q13 at zero rate. Then to Saudi Aramco Oct. 13 to Sep. 16, low 100s. Plus one 1-year priced option
|
|||||||
|
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
|
Shipyard
|
Qatar
|
Apr. 16
|
Shipyard upgrade for approx. 90 days in 1Q13 and approx. 20 days in 2Q13 at zero rate. Then to Saudi Aramco Apr. 13 to Apr. 16, low 100s. Plus one 1-year priced option
|
||||||||
|
ENSCO 96
|
Hitachi 250-C
|
250 |
Saudi Aramco
|
Low 60s
|
Saudi Arabia
|
Dec. 14
|
Planned shipyard upgrade for approx. 45 days in 2Q13 and approx. 35 days in 3Q13 at zero rate. Plus one 1-year option, mid 70s
|
|||||||
|
ENSCO 97
|
MLT 82 SD-C
|
250 |
Saudi Aramco
|
Low 60s
|
Saudi Arabia
|
Dec. 14
|
Planned shipyard upgrade for approx. 45 days in 3Q13 and approx. 35 days in 4Q13 at zero rate. Plus one 1-year option, mid 70s
|
|||||||
|
Pride Pennsylvania
|
MLT
|
300 |
Sold
|
-----
|
Sold in 1Q13 for $16 million. Book value equaled $16 million | |||||||||
|
Asia & Pacific Rim
|
||||||||||||||
|
Southeast Asia / Australia
|
||||||||||||||
|
ENSCO 52
|
F&G L-780 Mod II-C
|
300
|
-----Shipyard
|
-----
|
Malaysia
|
Jul. 14
|
Shipyard upgrade for approx. 30 days in 1Q13 and approx. 60 days in 2Q13 at zero rate. Next to Murphy in Malaysia May 13 to Jul. 14, high 70s. Plus cost adjustments and one 1-year unpriced option. Plus $21,000 per day for upgrade costs amortized Jun. 13 to Nov. 13
|
|||||||
|
ENSCO 53
|
F&G L-780 Mod II-C
|
300 |
BC Petroleum
|
Low 100s
|
Malaysia
|
Jun. 13
|
Plus cost adjustments
|
|||||||
|
ENSCO 56
|
F&G L-780 Mod II-C
|
300 |
Pertamina
|
Mid 70s
|
Indonesia
|
Apr. 13
|
Plus one 6-month unpriced option. Next planned shipyard time 2Q13 for approx. 70 days at zero rate
|
|||||||
|
ENSCO 67
|
MLT 84-CE
|
400 |
Pertamina
|
Mid 130s
|
Indonesia
|
Mar. 16
|
Plus one 8-month unpriced option
|
|||||||
|
ENSCO 85
|
MLT 116-C
|
300 |
Pertamina
|
Mid 130s
|
Indonesia
|
Feb. 14
|
Plus approx. $7,000 per day for mobilization amortized Feb. 13 to Jan. 14. Plus one 8-month unpriced option
|
|||||||
|
ENSCO 104
|
KFELS MOD V-B
|
400 |
Apache
|
Mid 190s
|
Australia
|
May 13
|
Plus cost adjustments
|
|||||||
|
ENSCO 105
|
KFELS MOD V-B
|
400 |
Petronas Carigali
|
Mid 150s
|
Malaysia
|
Nov. 13
|
Shipyard time for approx. 34 days in 1Q13 at zero rate. Plus one 1-year unpriced option
|
|||||||
|
ENSCO 106
|
KFELS MOD V-B
|
400 |
Newfield
|
High 130s
|
Malaysia
|
Oct. 13
|
Plus cost adjustments
|
|||||||
|
ENSCO 107
|
KFELS MOD V-B
|
400 |
Thang Long JOC (PV Drilling)
|
High 140s
|
Vietnam
|
Aug. 14
|
Plus cost adjustments. Next to Mitra Energy in Vietnam Apr. 13 to Jun. 13, low 160s. Plus two 1-well options. Then to OMV in New Zealand Oct. 13 to Aug. 14, low 230s. Plus cost adjustments and one 90-day unpriced option. Mob fee to be amortized over primary contract term
|
|||||||
|
ENSCO 108
|
KFELS MOD V-B
|
400 |
PTTEP
|
Mid 130s
|
Thailand
|
Apr. 14
|
Plus approx. $2,000 per day for upgrade costs amortized Apr. 12 to Apr. 14
|
|||||||
|
ENSCO 109
|
KFELS MOD V-Super B
|
350
|
ENI/Murphy/
Vermillion/Santos
|
Low 180s
|
Australia
|
Jun. 13
|
Plus approx. $5,000 per day for mobilization amortized to Apr. 13. Next to PTTEP Apr. 13 to Jun. 13, mid 190s. Plus one 1-well same rate option
|
|||||||
|
Under Construction
|
||||||||||||||
|
ENSCO 120
|
KFELS Super A
|
400
|
Under construction/ Contracted
|
Singapore
|
Mar. 15
|
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 approx. $8 million to be amortized over primary contract term
|
||||||||
|
ENSCO 121
|
KFELS Super A
|
400
|
Under construction/
Contracted
|
Singapore
|
1Q16
|
Contracted to Wintershall in Danish and Dutch sector from 1Q14 to 1Q16, low 230s. Plus one 1-year unpriced option. Mob fee of approx. $8 million to be amortized over primary contract term
|
||||||||
|
ENSCO 122
|
KFELS Super A
|
400 |
Under construction
|
Singapore
|
3Q14
|
|||||||||
|
(1)
|
Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the expected delivery date from the shipyard.
|
|
|
Ensco plc
Fleet Status Report
14 March 2013
|
|
Rig
|
Design
|
Water
Depth'
|
Customer/
Status
|
Day Rate
$000′s US
|
Location
|
Est. Avail (1)
|
Comments
|
|||||||
|
Other
|
||||||||||||||
|
Deepwater Drilling Management
|
||||||||||||||
|
Kizomba
|
Deepwater TLP Drilling Rig
|
5000 |
ExxonMobil
|
Mid 40s
|
Angola
|
Jun. 15
|
Currently reduced crew. Rate increases May 13 to mid 80s with full crew complement. Expect to commence operations in 4Q13
|
|||||||
|
Thunderhorse
|
Deepwater Semisubmersible
|
6000 |
BP
|
Mid 90s
|
U.S. Gulf of Mexico
|
Jan. 14
|
Plus three 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
|
|||||||
|
(1)
|
Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the expected delivery date from the shipyard.
|
|
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 previously acquired drilling contracts. 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.
|
|||||||||||||
|
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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