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8-K - ENSCO PLC 8-K 1-16-2013 - Valaris Ltdform8k.htm

Exhibit 99.1
 
 
 
 

 
 
Ensco plc
Fleet Status Report
16 January 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
                         
                           
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 15 days in 4Q12. 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
 
Sep. 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
 
Aug. 13
-----. -----. 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
 
Jan. 14
Plus approx. $54,000 per day for reimbursable mobilization expenses and upgrade costs amortized over 2-year contract term. Plus cost adjustments
ENSCO 8505
 
Semisubmersible DP
 
8500/10000
 
Anadarko/Apache/
Noble Energy
 
Low 480s
 
U.S. Gulf of Mexico
 
Jul. 14
Zero rate for 19 days in 4Q12. Plus cost adjustments and two 1-year unpriced options
ENSCO 8506
 
Semisubmersible DP
 
8500/10000
 
Sea Trials/
Contracted
     
U.S. Gulf of Mexico
 
Jul. 15
Next to Anadarko for two and one half years, low 530s, with estimated commencement late Jan. 13. Plus cost adjustments
                           
Brazil
 
ENSCO DS-4
 
Drillship, DP3 Samsung
 
10000/12000
 
BP
 
Low 550s
 
Brazil
 
Jul. 16
Zero rate for 19 days in 4Q12 and approx. 15 days in 1Q13. Plus cost adjustments
ENSCO 7500
 
Semisubmersible DP
 
8000
 
Petrobras
 
Low 320s
 
Brazil
 
Aug. 14
Zero rate for 13 days in 4Q12 and approx. 16 days in 1Q13. 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 Megathyst
 
5700
 
Petrobras
 
Mid 270s
 
Brazil
 
Jun. 13
Zero rate for 20 days in 4Q12 and approx. 3 days in 1Q13. Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6002
 
Semisubmersible - DP Megathyst
 
5700
 
Petrobras
 
Mid 270s
 
Brazil
 
Jul. 13
Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6003
 
Semisubmersible - DP Megathyst
 
5700
 
Petrobras
 
Mid 310s
 
Brazil
 
Jan. 17
Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6004
 
Semisubmersible - DP Megathyst
 
5700
 
Petrobras
 
Mid 310s
 
Brazil
 
Oct. 16
Zero rate for 14 days in 4Q12 and approx. 10 days in 1Q13. Eligible for bonus opportunity up to 15%, plus cost adjustments
                           
ENSCO 5000
 
Semisubmersible - Conv Neptune Pentagon
 
2300/2650
 
Petrobras
 
High 230s
 
Brazil
 
Jul. 13
Zero rate for 13 days in 4Q12 and approx. 6 days in 1Q13. Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 5002
 
Semisubmersible - Conv Aker H-3
 
1000
 
OGX
 
Low 220s
 
Brazil
 
Nov. 13
Zero rate for approx. 5 days in 1Q13
ENSCO 5004
 
Semisubmersible - Conv  F & G Enhanced Pacesetter
 
1500
 
OGX
 
Mid 230s
 
Brazil
 
Nov. 13
 
ENSCO 6000
 
Semisubmersible - DP Amethyst
 
3400/4000
 
Petrobras
 
Low 200s
 
Brazil
 
Apr. 14
Currently outfitted for workover activity. Eligible for bonus opportunity up to 18%, plus cost adjustments. Rate increases Apr. 13 to mid 270s
 
 
Page 1 of 5

 
 
Ensco plc
Fleet Status Report
16 January 2013
 
Rig Type
Region / Rig
 
Design
 
Water
Depth' (1)
 
Customer/
Status
 
Day Rate
$000′s US
 
Location
 
Est. Avail (2)
Comments
                           
Floaters
                         
                           
Europe & Mediterranean
                       
ENSCO 5006
 
Semisubmersible
- Conv Bingo
8,000
 
6200/7500
 
Noble Energy
 
Mid 280s
 
Israel
 
Nov. 17
Rate increases Feb. 13 to low 430s, plus cost adjustments. Then mobilize to Singapore shipyard under contract to Inpex for 40 month drilling program in Australia with estimated commencement 3Q14, initially low 460s, plus periodic rate increases. 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
                           
Middle East & Africa
                         
ENSCO DS-1
 
Drillship - DP Gusto 10,000
 
6000/10000
 
-----/TOTAL
 
Low 350s
 
Angola
 
Jan. 16
Shipyard upgrade and inspection for 90 days at zero rate in 4Q12. -----. Plus unpriced options and cost adjustments. Eligible for bonus opportunity up to 5%
ENSCO DS-2
 
Drillship - DP Gusto 10,000
 
6000/10000
 
TOTAL
 
Low 480s
 
Angola
 
Jul. 13
Zero rate for approx. 12 days in 4Q12 and approx. 5 days in 1Q13. Planned inspection early 3Q13 for approx. 25 days at zero rate. Eligible for bonus opportunity up to 5%, plus cost adjustments
ENSCO DS-6
 
Drillship, DP3 Samsung
 
10000/12000
 
Mobilizing
 
 
 
Angola
 
Feb. 18
Next to BP for five years, low 520s, with estimated commencement mid Feb. 13. 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
ENSCO 5001
 
Semisubmersible - Conv Sonat
 
5000/6500
 
PetroSA
 
Low 280s
 
South Africa
 
Jan. 15
Zero rate for 42 days in 4Q12 and 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
                           
Asia & Pacific Rim
 
ENSCO 8504
 
Semisubmersible DP
 
8500/10000
 
TOTAL/-----/
Petronas Carigali
 
Low 430s
 
Brunei
 
May 15
-----. Sublet to Petronas Carigali -----. Next to Shell in Philippines Feb. 13 to Jul. 13, low 460s. Eligible for bonus opportunity up to 15%, plus cost adjustments. Then to Shell in Malaysia to May 15, mid 530s. Eligible for bonus opportunity up to 15%, plus cost adjustments
                           
ENSCO 5005
 
Semisubmersible - Conv  F & G Enhanced Pacesetter
 
1500/1700
 
Shipyard
 
 
 
Singapore
 
2Q13
Planned inspection and shipyard upgrades
                           
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.
(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.
 
 
Page 2 of 5

 
 
Ensco plc
Fleet Status Report
16 January 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)
                           
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
ENSCO 69
 
MLT 84-Slot
 
300
 
Cold stacked
 
 
 
Gulf of Mexico
     
ENSCO 75
 
MLT Super 116-C
 
400
 
Apache
 
High 130s
 
Gulf of Mexico
 
Jan. 14
Zero rate for 9 days in 4Q12. -----. Plus cost adjustments
ENSCO 81
 
MLT 116-C
 
350
 
Dynamic
 
Low 90s
 
Gulf of Mexico
 
Apr. 13
 
ENSCO 82
 
MLT 116-C
 
300
 
Energy XXI
 
Low 120s
 
Gulf of Mexico
 
Mar. 13
 
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
Zero rate for 14 days in 4Q12
Pride Wisconsin
 
MLT-Slot
 
300
 
Cold stacked
     
Gulf of Mexico
     
                         
 
Mexico
 
ENSCO 83
 
MLT 82 SD-C
 
250
 
Shipyard
 
 
 
Mexico
 
Sep. 16
Shipyard inspection for 26 days in 4Q12 and approx. 19 days in 1Q13 at zero rate. Then to Pemex Jan. 13 to Sep. 16, low 90s
ENSCO 89
 
MLT 82 SD-C
 
250
 
Pemex
 
Low 90s
 
Mexico
 
Nov. 15
Shipyard inspection 4Q12 for 25 days at zero rate
ENSCO 93
 
MLT 82 SD-C
 
250
 
Pemex
 
Low 90s
 
Mexico
 
Jun. 15
Shipyard inspection 4Q12 for 40 days at zero rate
ENSCO 98
 
MLT 82 SD-C
 
250
 
Pemex
 
Low 90s
 
Mexico
 
Aug. 15
Shipyard inspection 4Q12 for 59 days at zero rate
                           
Europe
                     
                           
North Sea
 
ENSCO 70
 
Hitachi K1032N
 
250
 
RWE Dea
 
High 80s
 
UK
 
Feb. 14
Rate increases Mar. 13 to mid 140s. Plus one 1-well unpriced option. Planned shipyard upgrade and inspection late 3Q13 for approx. 90 days at zero rate. Then to RWE Dea to Feb. 14, mid 140s
ENSCO 71
 
Hitachi K1032N
 
225
 
Maersk
 
Low 110s
 
Denmark
 
May 13
Shipyard upgrade for 19 days in 4Q12 at zero rate. Plus approx. $13,000 per day for reimbursable upgrade cost amortized Oct. 12 to May 13. Plus three 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
 
Mid 90s
 
UK
 
Jan. 17
Plus cost adjustments and unpriced options. Next to EOG Apr. 13 to Jan. 14, high 90s. Rate increases Nov. 13 to low 130s and Dec. 13 to high 130s. Then to GDF to Jan. 17, high 130s
ENSCO 92
 
MLT 116-C
 
225
 
RWE Dea
 
Mid 140s
 
UK
 
Feb. 14
-----. Plus one 1-well unpriced option. Next to Tullow May 13 to Sep. 13, low 130s. Rate increases Jul. 13 to mid 140s. Plus cost adjustments. Then to O.N.E to Feb. 14, mid 140s. Plus cost adjustments
ENSCO 100
 
MLT 150-88-C
 
350
 
E.ON
 
High 150s
 
UK
 
Sep. 14
Planned shipyard inspection 1Q13 for approx. 35 days at zero rate. Next to Ithaca Feb. 13 to Sep. 14, low 160s. Plus cost adjustments and two 1-well options
ENSCO 101
 
KFELS MOD V-A
 
400
 
Maersk
 
Low 200s
 
UK
 
Nov. 14
Plus cost adjustments. Planned shipyard inspection 1Q13 for approx. 25 days at zero rate. Next to Tullow Feb. 13 to Jul. 13, mid 210s. Plus cost adjustments. Then to DONG in Denmark to Nov. 13, low 220s. Plus cost adjustments and two 25-day unpriced options. Then to BP in UK to Nov. 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 for ----- approx. 25 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
 
 
Page 3 of 5

 
 
Ensco plc
Fleet Status Report
16 January 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. Zero rate for 42 days in 4Q12 while in shipyard. 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 mid 1Q13 for approx. 45 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
Planned inspection 4Q13 for approx. 20 days at zero rate. 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 for approx. 35 days in 1Q13 and approx. 45 days in 2Q13 at zero rate. 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 10 days in 4Q12, approx. 90 days in 1Q13 and approx. 20 days in 2Q13 at zero rate. Then to Saudi Aramco 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
 
Cold stacked
     
Bahrain
     
                           
Asia & Pacific Rim
                     
                           
Southeast Asia / Australia
                     
ENSCO 52
 
F&G L-780 Mod II-C
 
300
 
Murphy
 
High 70s
 
Malaysia
 
May 14
Plus cost adjustments and one 1-year unpriced option. Plus approx. $2,000 per day for upgrade costs amortized Apr. 12 to Apr. 13. Planned shipyard upgrade for approx. 48 days in 1Q13 and approx. 44 days in 2Q13 at zero rate
ENSCO 53
 
F&G L-780 Mod II-C
 
300
 
BC Petroleum
 
Low 100s
 
Malaysia
 
May 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. Planned shipyard time 2Q13 for approx. 70 days at zero rate
ENSCO 67
 
MLT 84-CE
 
400
 
Pertamina
 
Mid 130s
 
Indonesia
 
Feb. 13
 
ENSCO 85
 
MLT 116-C
 
300
 
Pearl (Mubadala)
 
High 110s
 
Thailand
 
Jan. 14
Plus cost adjustments. Then to Pertamina in Indonesia Jan. 13 to Jan. 14, mid 130s. Plus approx. $7,000 per day for mobilization amortized Jan. 13 to Jan. 14. Plus one 8-month unpriced option
ENSCO 104
 
KFELS MOD V-B
 
400
 
Apache
 
High 180s
 
Australia
 
May 13
Plus cost adjustments
ENSCO 105
 
KFELS MOD V-B
 
400
 
Shipyard
 
 
 
Singapore
 
Nov. 13
Shipyard time for 35 days in 4Q12 and approx. 41 days in 1Q13 at zero rate. Next to Petronas Carigali in Malaysia Feb. 13 to Nov. 13, low 150s, 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
 
Mar. 13
-----. Plus cost adjustments -----
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
 
Mid 170s
 
Australia
 
Jun. 13
Plus approx. $5,000 per day for mobilization amortized mid Aug. 12 to Mar. 13. Next to PTTEP Apr. 13 to Jun. 13, mid 190s. Plus one 1-well 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 $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
 
 
(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.
 
 
Page 4 of 5

 
 
Ensco plc
Fleet Status Report
16 January 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.

Rig Names.  We are in the process of completing name changes on some of our rigs, which may not yet be completed.  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
 
 
 
 
 
 
 
 
 
 
 
 
 
ENSCO DS-2
 
Pride Angola
 
ENSCO 6001
 
Pride Carlos Walter
 
ENSCO 5004
 
Pride Venezuela
 
 
 
 
 
 
 
 
 
 
 
 
 
ENSCO DS-3
 
Deep Ocean Ascension
 
ENSCO 6002
 
Pride Brazil
 
ENSCO 5005
 
Pride South Atlantic
 
 
 
 
 
 
 
 
 
 
 
 
 
ENSCO DS-4
 
Deep Ocean Clarion
 
ENSCO 6003
 
Pride Rio de Janeiro
 
ENSCO 5006
 
Pride North America
 
 
 
 
 
 
 
 
 
 
 
 
 
ENSCO DS-5
 
Deep Ocean Mendocino
 
ENSCO 6004
 
Pride Portland
 
ENSCO 58
 
Pride North Dakota
 
 
 
 
 
 
 
 
 
 
 
 
 
ENSCO DS-6
 
Deep Ocean Molokai
 
ENSCO 5000
 
Pride Mexico
 
ENSCO 91
 
Pride Montana
 
 
 
 
 
 
 
 
 
 
 
 
 
ENSCO DS-7
 
Deep Ocean Marquesas
 
ENSCO 5001
 
Pride South Pacific
 
 
 
 
 
 
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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