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Ensco International Sells Two Jackup Rigs
LONDON, Mar 19, 2010 (BUSINESS WIRE) -- Ensco International plc (NYSE: ESV) announced today that subsidiaries of the Company have sold two jackup drilling rigs, ENSCO 50 and ENSCO 51. Both are F&G L-780 MOD II-C designs built in the early 1980s. The combined sale price for the two rigs is approximately $95 million. As of December 31, 2009, the total net book value for ENSCO 50 and ENSCO 51 was approximately $63 million. Both rigs will be reclassified as discontinued operations on Ensco's financial statements as of first quarter 2010.

Chief Financial Officer Jay Swent commented, "We have a long history of high-grading our fleet by investing in newer equipment and divesting older assets. Monetizing ENSCO 50 and ENSCO 51 provides us added flexibility to potentially acquire new premium jackups as we continue investing in our growing fleet of ultra-deepwater semisubmersibles."

Ensco International (NYSE:ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. With a fleet of ultra-deepwater semisubmersible and premium jackup drilling rigs, Ensco serves customers with high-quality equipment, a well-trained workforce and a strong record of safety and reliability. To learn more about Ensco, please visit our website at www.enscointernational.com.

Statements contained in this press release that state the Company's or management's intentions, hopes, beliefs, expectations, anticipations, projections, confidences, schedules, or predictions of the future are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995.Such forward-looking statements include references to potential rig investments.

Numerous factors could cause actual press release, contractual and financial results to differ materially from those contemplated in the forward-looking statements, including: (i) industry conditions and competition, (ii) prices of oil and natural gas, and their impact upon future levels of drilling activity and expenditures, (iii) renegotiation, nullification, early termination, cancellation or breach of contracts or letters of intent, (iv) other risks as described from time to time as Risk Factors and otherwise in the Company's SEC filings. Copies of such SEC filings may be obtained at no charge by contacting our Investor Relations Department at 214-397-3045 or by referring to the Investor Relations section of our website at www.enscointernational.com.

The factors identified above are believed to be important factors (but not necessarily all of the important factors) that could cause actual results to differ materially from those expressed in any forward-looking statement made by us. Other factors not discussed herein could also have material adverse effects on us. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements.

All information in this report is as of the date posted. The Company undertakes no duty to update any forward-looking statement, to conform the statement to actual results, reflect changes in the Company's expectations or otherwise update any forward-looking statement (or its associated cautionary language), whether as a result of new information or future events.

SOURCE: Ensco International plc

Ensco International plc
Sean O'Neill, 214-397-3011
Vice President, Investor Relations
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Ensco plc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.