LONDON, Apr 23, 2010 (BUSINESS WIRE) --Ensco plc (NYSE: ESV) announced today that a subsidiary of the Company
has sold ENSCO 57, a F&G L-780 MOD II-C design jackup drilling rig built
in the early 1980s. The sale price was approximately $47 million. As of
31 March 2010, the net book value for ENSCO 57 was approximately $30
million. The rig will be reclassified as discontinued operations on
Ensco's financial statements as of second quarter 2010.
Chief Financial Officer Jay Swent commented, "The sale of ENSCO 57,
along with two other jackup rigs earlier this year, is part of our
long-established strategy of high-grading our fleet by investing in
newer equipment and divesting selected assets. Ensco continues to have
the second largest fleet of premium jackup rigs in the world."
Ensco plc (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.enscoplc.com.
SOURCE: Ensco plc
Sean O'Neill, 214-397-3011