 ENSCO INTERNATIONAL INCORPORATED |
| Statements contained in the Contract Status of Offshore Rig Fleet Report, including information regarding the Company's estimated rig availability, contract duration or future day rates, customers or contract status (including letters of intent) are forward-looking statements. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include references to estimated rig availability, future day rates, customers, contract duration or rig utilization. It is important to note that our actual results could differ materially from those projected in such forward-looking statements. The factors that could cause actual results to differ materially from those in the forward-looking statements include the following: (i) industry conditions and competition, including changes in rig supply and demand or new technology, (ii) cyclical nature of the industry, (iii) worldwide expenditures for oil and gas drilling, (iv) operational risks, including hazards created by severe storms and hurricanes, (v) risks associated with offshore rig operations or, rig relocations in general, and in foreign jurisdictions in particular, (vi) renegotiation, nullification, or breach of contracts or letters of intent with customers or other parties, (vii) changes in the dates our rigs undergoing shipyard construction work, repairs or enhancement will enter a shipyard, return to or enter service, (viii) risks inherent to domestic and foreign shipyard rig construction, rig repair or rig enhancement, (ix) unavailability of transport vessels to relocate rigs, (x) environmental or other liabilities, risks, or losses including hurricane related equipment damage, loss or wreckage or debris removal in the U.S. Gulf of Mexico, that may arise in the future which are not covered by insurance or indemnity in whole or in part, (xi) the impact of current and future laws and government regulation affecting the oil and gas industry in general including taxation, our operations in particular, as well as repeal or modification of same, (xii) political and economic uncertainty, (xiii) limited availability of economic insurance coverage for certain perils such as hurricanes in the Gulf of Mexico or removal of wreckage or debris, (xiv) self-imposed or regulatory limitations on jackup rig drilling locations in the Gulf of Mexico during hurricane season, (xv) our availability to attract and retain skilled or other personnel, (xvi) excess rig availability or supply resulting from delivery of new drilling units, (xvii) heavy concentration of our rig fleet in premium jackups, (xviii) terrorism or military action impacting our operations or financial performance, and (xix) other risks 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 athttp://www.enscous.com. |
| Information in the Reports is as of the date posted. The Company undertakes no duty to update the contents of the Contract Status of Offshore Rig Fleet Reports or any forward-looking statement contained therein to conform the statement to actual results or to reflect changes in the Company's expectations. |
| Est. Avail/ | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Water | Contract | ||||||||||||||
| Rig Name | Design | Depth | Customer/Status | Day Rate | Location | Change | Comments | ||||||||
| Asia & Pacific Rim | |||||||||||||||
| Middle East/India | |||||||||||||||
| ENSCO 50 | F&G L-780 Mod II-C | 300 | BG | Low 170's | India | Jan. 09 | Plus cost adjustments and unpriced option | ||||||||
| ENSCO 53 | F&G L-780 Mod II-C | 300 | BG | Mid 170's | India | Oct. 08 | Plus cost adjustments and unpriced option | ||||||||
| ENSCO 54 | F&G L-780 Mod II-C | 300 | Ras Gas | High 50's | Qatar | Jul. 08 | Next to Wintershall to Sep. 08, mid 180's | ||||||||
| ENSCO 76 | MLT Super 116-C | 350 | Saudi Aramco | Low 100's | Saudi Arabia | Sep. 08 | Two 1-year options, mid 120's to high 130's | ||||||||
| ENSCO 84 | MLT 82 SD-C | 250 | Maersk | High 160's | Qatar | Nov. 09 | Plus cost adjustments | ||||||||
| ENSCO 88 | MLT 82 SD-C | 250 | Ras Gas | Low 80's | Qatar | Jun. 09 | Two 5-well options, mid 90's to low 110's | ||||||||
| ENSCO 94 | Hitachi 250-C | 250 | Ras Gas | Low 60's | Qatar | Sep. 09 | One 7-well option, mid 60's | ||||||||
| ENSCO 95 | Hitachi 250-C | 250 | Saudi Aramco | Mid 70's | Saudi Arabia | Nov. 08 | Two 1-year options, mid 80's to mid 90's | ||||||||
| ENSCO 96 | Hitachi 250-C | 250 | Saudi Aramco | Low 80's | Saudi Arabia | Dec. 08 | One 1-year option, mid 90's. Shipyard time/transit early Apr. 08 for approximately 60 days | ||||||||
| ENSCO 97 | MLT 82 SD-C | 250 | Saudi Aramco | Low 90's | Saudi Arabia | Oct. 08 | Two 1-year options, low 100's to low 110's | ||||||||
Southeast Asia/Australia | |||||||||||||||
| ENSCO 51 | F&G L-780 Mod II-C | 300 | Pearl | Low 190's | Thailand | Feb. 09 | Plus cost adjustments. Assigned to GFI to mid Apr. 08, plus mutually agreed options | ||||||||
| ENSCO 52 | F&G L-780 Mod II-C | 300 | Petronas Carigali | Low 160's | Malaysia | Nov. 10 | Plus cost adjustments | ||||||||
| ENSCO 56 | F&G L-780 Mod II-C | 300 | Shell | High 80's | New Zealand | May 08 | Approximately 21 days estimated in May at mid 180's. Next survey/maintenance period for approximately 60 days, then expect to work for approximately two months, mid 140's, plus cost adjustments and unpriced options | ||||||||
| ENSCO 57 | F&G L-780 Mod II-C | 300 | Shipyard/ Petronas Carigali | Malaysia | Feb. 10 | Off rate for shipyard work for approximately 35 days. Then return to Petronas Carigali, mid 160's, plus cost adjustments | |||||||||
| ENSCO 67 | MLT 84-CE | 400 | ConocoPhillips | Low 200's | Indonesia | Dec. 08 | Unpriced options for up to six wells | ||||||||
| ENSCO 104 | KFELS MOD V-B | 400 | BP | Mid 230's | Indonesia | Jan. 09 | Plus cost adjustments. Base rate increases late Jul. 08 to mid 230's, and priced 1-year option, mid 250's plus cost adjustments | ||||||||
| ENSCO 106 | KFELS MOD V-B | 400 | Apache | Mid 260's | Australia | Mar. 09 | Unpriced option | ||||||||
| ENSCO 107 | KFELS MOD V-B | 400 | Origin | Low 190's | New Zealand | Jul. 08 | Plus cost adjustments, and two 1-well same price options. Next to OMV to Jul. 09, low 200's plus cost adjustments. Thereafter Origin has two 1-well unpriced options and then OMV has five 1-well unpriced options | ||||||||
| ENSCO 108 | KFELS MOD V-B | 400 | BP | Mid 180's | Indonesia | Nov. 08 | Rate increases in mid May 08 to mid 190's plus cost adjustments. Option to Jun. 09, low 200's, plus cost adjustments and 1-year unpriced option | ||||||||
| Note: Highlighted/underlined rig names signify changes in rig status information from the previous month. |
ENSCO INTERNATIONAL INCORPORATED |
| Statements contained in the Contract Status of Offshore Rig Fleet Report, including information regarding the Company's estimated rig availability, contract duration or future day rates, customers or contract status (including letters of intent) are forward-looking statements. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include references to estimated rig availability, future day rates, customers, contract duration or rig utilization. It is important to note that our actual results could differ materially from those projected in such forward-looking statements. The factors that could cause actual results to differ materially from those in the forward-looking statements include the following: (i) industry conditions and competition, including changes in rig supply and demand or new technology, (ii) cyclical nature of the industry, (iii) worldwide expenditures for oil and gas drilling, (iv) operational risks, including hazards created by severe storms and hurricanes, (v) risks associated with offshore rig operations or, rig relocations in general, and in foreign jurisdictions in particular, (vi) renegotiation, nullification, or breach of contracts or letters of intent with customers or other parties, (vii) changes in the dates our rigs undergoing shipyard construction work, repairs or enhancement will enter a shipyard, return to or enter service, (viii) risks inherent to domestic and foreign shipyard rig construction, rig repair or rig enhancement, (ix) unavailability of transport vessels to relocate rigs, (x) environmental or other liabilities, risks, or losses including hurricane related equipment damage, loss or wreckage or debris removal in the U.S. Gulf of Mexico, that may arise in the future which are not covered by insurance or indemnity in whole or in part, (xi) the impact of current and future laws and government regulation affecting the oil and gas industry in general including taxation, our operations in particular, as well as repeal or modification of same, (xii) political and economic uncertainty, (xiii) limited availability of economic insurance coverage for certain perils such as hurricanes in the Gulf of Mexico or removal of wreckage or debris, (xiv) self-imposed or regulatory limitations on jackup rig drilling locations in the Gulf of Mexico during hurricane season, (xv) our availability to attract and retain skilled or other personnel, (xvi) excess rig availability or supply resulting from delivery of new drilling units, (xvii) heavy concentration of our rig fleet in premium jackups, (xviii) terrorism or military action impacting our operations or financial performance, and (xix) other risks 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 athttp://www.enscous.com. |
| Information in the Reports is as of the date posted. The Company undertakes no duty to update the contents of the Contract Status of Offshore Rig Fleet Reports or any forward-looking statement contained therein to conform the statement to actual results or to reflect changes in the Company's expectations. |
| Est. Avail/ | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Water | Contract | ||||||||||||||
| Rig Name | Design | Depth | Customer/Status | Day Rate | Location | Change | Comments | ||||||||
| Southeast Asia/Australia | |||||||||||||||
| ENSCO I | Barge Rig | Transworld | High 60's | Indonesia | May 08 | Next approx. 15 days transit, high 20's, to Botang to Jul. 08, high 60's | |||||||||
Europe & Africa North Sea | |||||||||||||||
| ENSCO 70 | Hitachi K1032N | 250 | DONG | Low 200's | DK | Dec. 08 | Market rate, assigned to Sterling Resources Jul. to Dec. 08, and well to well unpriced options. Expect 21 days off rate for maintenance in Oct. 08 | ||||||||
| ENSCO 71 | Hitachi K1032N | 225 | Maersk | Low 100's | DK | Aug. 08 | Expect to work to Aug. 09, low 200's. Plus two 1-year options, 1st year at high 210's and 2nd year high 220's | ||||||||
| ENSCO 72 | Hitachi K1025N | 225 | Total | Low 200's | NL | Dec. 08 | Market rate and unpriced option. Expect 18 days off rate for regulatory work May 08 | ||||||||
| ENSCO 80 | MLT 116-CE | 225 | ADTI | Mid 190's | UK | May 08 | Plus cost adjustments. Then to ConocoPhillips to Sep. 08, low 200's, and same price well to well options through 2008 | ||||||||
| ENSCO 92 | MLT 116-C | 225 | BP | Low 210's | UK | Jul. 08 | Plus cost adjustments. Assigned to BG to Jul. 08. Next to Senergy to Nov. 08, and assigned to Tullow for approx. 70 days, mid 210's plus cost adjustments | ||||||||
| ENSCO 100 | MLT 150-88-C | 350 | AGR Peak | Mid 250's | UK | Sep. 08 | Plus cost adjustments, and unpriced option | ||||||||
| ENSCO 101 | KFELS MOD V-A | 400 | Maersk | Low 270's | UK / DK | Nov. 08 | Next to Gaz de France to Feb. 09, high 270's plus cost adjustments for earlier of one well or 150 days, then mutually agreed or market rate. Then to Maersk in Denmark Feb. to May 09, low 270's. Thereafter two 1-well upriced options with Gaz de France | ||||||||
| ENSCO 102 | KFELS MOD V-A | 400 | ConocoPhillips | Mid 280's | UK / DK | Dec. 11 | Plus cost adjustments. Rates to be mutually agreed on an annual basis. | ||||||||
| Africa | |||||||||||||||
| ENSCO 85 | MLT 116-C | 300 | PA Resources | Low 200's | Tunisia | Oct. 08 | Unpriced option | ||||||||
| ENSCO 105 | KFELS MOD V-B | 400 | BG | Low 200's | Tunisia | May 09 | Plus cost adjustments, and unpriced options | ||||||||
North & South America | |||||||||||||||
| Gulf of Mexico Jackups | |||||||||||||||
| ENSCO 60 | Levingston 111-C | 300 | LLOG | Low 60's | Gulf of Mexico | Dec. 08 | Rate increases mid Apr. 08 to low 70's | ||||||||
| ENSCO 68 | MLT 84-CE | 400 | W & T | Mid 110's | Gulf of Mexico | May 08 | |||||||||
| ENSCO 74 | MLT Super 116-C | 400 | Apache | Low 150's | Gulf of Mexico | Apr. 08 | Next to W & T to May 08, mid 130's | ||||||||
| ENSCO 75 | MLT Super 116-C | 400 | McMoRan | Low 150's | Gulf of Mexico | May 08 | Plus same rate 15-30 day option | ||||||||
| ENSCO 82 | MLT 116-C | 300 | Energy XXI | High 80's | Gulf of Mexico | Jun. 08 | Rate increases late Apr. 08 to mid 90's plus 1-well option, low 100's. Next to Chevron to Nov. 08, low 90's | ||||||||
| ENSCO 83 | MLT 82 SD-C | 250 | Hunt | Mid 60's | Gulf of Mexico | May 08 | |||||||||
| ENSCO 86 | MLT 82 SD-C | 250 | W & T | Mid 60's | Gulf of Mexico | Apr. 08 | Next to Hunt Oil to Jul. 08, low 80's. Then to ExxonMobil to Feb. 09, indexed rate | ||||||||
| ENSCO 87 | MLT 116-C | 350 | Merit | Mid 90's | Gulf of Mexico | Apr. 08 | Next to Stone in mid Apr. to Aug. 08, mid 110's for first 30 days then rate changes to low 100's | ||||||||
| ENSCO 89 | MLT 82 SD-C | 250 | Chevron | Low 70's | Gulf of Mexico | Jun. 08 | Rates to be mutually agreed every 2 months (next adj. May 08) | ||||||||
| Note: Highlighted/underlined rig names signify changes in rig status information from the previous month. |
ENSCO INTERNATIONAL INCORPORATED |
| Statements contained in the Contract Status of Offshore Rig Fleet Report, including information regarding the Company's estimated rig availability, contract duration or future day rates, customers or contract status (including letters of intent) are forward-looking statements. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include references to estimated rig availability, future day rates, customers, contract duration or rig utilization. It is important to note that our actual results could differ materially from those projected in such forward-looking statements. The factors that could cause actual results to differ materially from those in the forward-looking statements include the following: (i) industry conditions and competition, including changes in rig supply and demand or new technology, (ii) cyclical nature of the industry, (iii) worldwide expenditures for oil and gas drilling, (iv) operational risks, including hazards created by severe storms and hurricanes, (v) risks associated with offshore rig operations or, rig relocations in general, and in foreign jurisdictions in particular, (vi) renegotiation, nullification, or breach of contracts or letters of intent with customers or other parties, (vii) changes in the dates our rigs undergoing shipyard construction work, repairs or enhancement will enter a shipyard, return to or enter service, (viii) risks inherent to domestic and foreign shipyard rig construction, rig repair or rig enhancement, (ix) unavailability of transport vessels to relocate rigs, (x) environmental or other liabilities, risks, or losses including hurricane related equipment damage, loss or wreckage or debris removal in the U.S. Gulf of Mexico, that may arise in the future which are not covered by insurance or indemnity in whole or in part, (xi) the impact of current and future laws and government regulation affecting the oil and gas industry in general including taxation, our operations in particular, as well as repeal or modification of same, (xii) political and economic uncertainty, (xiii) limited availability of economic insurance coverage for certain perils such as hurricanes in the Gulf of Mexico or removal of wreckage or debris, (xiv) self-imposed or regulatory limitations on jackup rig drilling locations in the Gulf of Mexico during hurricane season, (xv) our availability to attract and retain skilled or other personnel, (xvi) excess rig availability or supply resulting from delivery of new drilling units, (xvii) heavy concentration of our rig fleet in premium jackups, (xviii) terrorism or military action impacting our operations or financial performance, and (xix) other risks 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 athttp://www.enscous.com. |
| Information in the Reports is as of the date posted. The Company undertakes no duty to update the contents of the Contract Status of Offshore Rig Fleet Reports or any forward-looking statement contained therein to conform the statement to actual results or to reflect changes in the Company's expectations. |
| Est. Avail/ | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Water | Contract | ||||||||||||||
| Rig Name | Design | Depth | Customer/Status | Day Rate | Location | Change | Comments | ||||||||
| Gulf of Mexico Jackups | |||||||||||||||
| ENSCO 90 | MLT 82 SD-C | 250 | Apache | Low 70's | Gulf of Mexico | May 08 | |||||||||
| ENSCO 93 | MLT 82 SD-C | 250 | Hunt | Mid 60's | Gulf of Mexico | May 08 | |||||||||
| ENSCO 98 | MLT 82 SD-C | 250 | Leed | Low 70's | Gulf of Mexico | Jun. 08 | Three 1-well unpriced options | ||||||||
| ENSCO 99 | MLT 82 SD-C | 250 | Bois d' Arc | Low 70's | Gulf of Mexico | Sep. 08 | Rate increases mid Apr. to mid 70's | ||||||||
Semisubmersibles | |||||||||||||||
| ENSCO 7500 | Dynamically Positioned | 8000 | Chevron | Mid 360's | Gulf of Mexico | Feb. 10 | Rate increases mid Feb. 09 to mid 390's plus cost adjustments, and 1-year unpriced option | ||||||||
| ENSCO 8500 | Dynamically Positioned | 8500 | Under construction | Singapore | 3Q 08 | Contracted in Gulf of Mexico to Anadarko and Eni commencing mid 1Q 09 to 1Q 13, mid 260's plus cost adjustments & lump sum payment of $20 million, and four 1-year same-rate options | |||||||||
| ENSCO 8501 | Dynamically Positioned | 8500 | Under construction | Singapore | 1Q 09 | Contracted in Gulf of Mexico to Nexen and Noble Energy commencing 2Q 09 to 4Q 12, mid 340's plus cost adjustments, and unpriced options | |||||||||
| ENSCO 8502 | Dynamically Positioned | 8500 | Under construction | Singapore | 4Q 09 | Contracted in Gulf of Mexico to Nexen commencing 2Q 10 to 2Q 12, mid 450's, plus cost adjustments. Contract can change to 3 or 4 year term at operator's election wherein the day rate would adjust to slightly lower rates | |||||||||
| ENSCO 8503 | Dynamically Positioned | 8500 | Under construction | Singapore | 3Q 10 | Letter of Intent for 2 year contract, low 510's, plus cost adjustments and unpriced option | |||||||||
| Mexico | |||||||||||||||
| ENSCO 81 | MLT 116-C | 350 | Pemex | Mid 160's | Mexico | Jun. 10 | Indexed to global rates after Dec. 08 | ||||||||
Venezuela | |||||||||||||||
| ENSCO 69 | MLT 84-S | 400 | PDVSA | Mid 70's | Venezuela | May 08 | Four 1-well options, low 70's plus cost adjustments | ||||||||
Note: Highlighted/underlined rig names signify changes in rig status information from the previous month. |