 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 rig day rates, customers or contract status (including letters of intent) are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include references to future rig rates or utilization, rig enhancement projections, shipyard construction or work completion, and other contract or letter of intent commitments, including new rig commitments, the period of time and number of rigs that will be in a shipyard for enhancement or construction, scheduled delivery dates for new rigs, scheduled commencement dates for new contracts, rig relocations. 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, be delivered, return to or enter service, (viii) changes in the dates new contracts actually commence (ix) risks inherent to domestic and foreign shipyard rig construction, rig repair or rig enhancement, including risks associated with concentration of our ENSCO 8500 Series® rig construction contracts in a single shipyard, unexpected project delays in delivery and engineering or design issues following shipyard delivery (x) unavailability of transport vessels to relocate rigs, (xi) 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, (xii) the impact of current and future laws and government regulation affecting the oil and gas industry in general or our operation in particular, including taxation as well as repeal or modification of same, (xiii) political and economic uncertainty, (xiv) limited availability of economic insurance coverage for certain perils such as hurricanes in the Gulf of Mexico or removal of wreckage or debris, (xv) self-imposed or regulatory limitations on jackup rig drilling locations in the Gulf of Mexico during hurricane season, (xvi) our ability to attract and retain skilled or other personnel, (xvii) excess rig availability or supply resulting from delivery of new drilling units, (xviii) heavy concentration of our rig fleet in premium jackups, (xix) expropriation, nationalization, deprivation, terrorism or military action impacting our operations, assets or financial performance, (xx) the outcome of litigation, legal procedures, investigations or claims, (xxi) potential reduction in fair value of our auction rate securities, and (xxii) 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 http://www.enscous.com. |
| All information in this report is as of the date posted. The Company undertakes no duty to update the Contract Status of Offshore Rig Fleet Report or any forward-looking statement, to conform the statement to actual results, or 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 | Mid 170's | India | Jan. 09 | Plus cost adjustments | ||||||||
| ENSCO 53 | F&G L-780 Mod II-C | 300 | BG | Mid 170's | India | Oct. 08 | Plus cost adjustments | ||||||||
| ENSCO 54 | F&G L-780 Mod II-C | 300 | Survey | UAE | Sep. 08 | Next to ADOC to Oct. 2010, low 150's plus cost adjustments and unpriced option | |||||||||
| ENSCO 76 | MLT Super 116-C | 350 | Saudi Aramco | Mid 120's | Saudi Arabia | Sep. 09 | One 1-year option, high 130's | ||||||||
| ENSCO 84 | MLT 82 SD-C | 250 | Maersk | Low 170's | Qatar | Nov. 09 | Plus cost adjustments | ||||||||
| ENSCO 88 | MLT 82 SD-C | 250 | Ras Gas | Mid 80's | Qatar | Jun. 09 | One 5-well option, high 90's, and one 4-well option, mid 110's | ||||||||
| ENSCO 94 | Hitachi 250-C | 250 | Ras Gas/ Shipyard/ Standby | Low 40's | Qatar | Jan. 10 | Shipyard /Standby rate increases to low 50's late Sep. 08 and to mid 50's in Oct. 08, then resume operations mid 60's in Nov. 08. One 7-well option, mid 60's, and one 1-well option, mid 110's | ||||||||
| ENSCO 95 | Hitachi 250-C | 250 | Saudi Aramco | Mid 70's | Saudi Arabia | Nov. 09 | Rate increases to mid 80's in Nov. 08, plus one 1-year option, mid 90's | ||||||||
| ENSCO 96 | Hitachi 250-C | 250 | Saudi Aramco | Low 80's | Saudi Arabia | Dec. 09 | Rate increases Dec. 08 to mid 90's | ||||||||
| ENSCO 97 | MLT 82 SD-C | 250 | Saudi Aramco | Low 90's | Saudi Arabia | Oct. 09 | Rate increases Oct. 08 to low 100's, plus one 1-year option, 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 and mutually agreed options | ||||||||
| ENSCO 52 | F&G L-780 Mod II-C | 300 | Petronas Carigali | Mid 160's | Malaysia | Nov. 10 | Plus cost adjustments and mutually agreed options | ||||||||
| ENSCO 56 | F&G L-780 Mod II-C | 300 | Asian Drilling Services | Mid 160's | New Zealand | Dec. 08 | Deferral of 48 days revenue in 3Q while WOW. Rate increases for second well approximately mid Oct. 08 to high 180's plus cost adjustments. Then to shipyard for approximately 21 days | ||||||||
| ENSCO 57 | F&G L-780 Mod II-C | 300 | Petronas Carigali | High 160's | Malaysia | Jan. 10 | Plus cost adjustments and mutually agreed options | ||||||||
| ENSCO 67 | MLT 84-CE | 400 | ConocoPhillips | Low 200's | Indonesia | Jun. 09 | |||||||||
| ENSCO 104 | KFELS MOD V-B | 400 | BP | Mid 240's | Indonesia | Mar. 09 | Plus cost adjustments and priced four 3-month options, mid 250's plus cost adjustments | ||||||||
Note: Highlighted/underlined rig names signify changes in rig status information from the previous month. WOW means Waiting on Weather. |
ENSCO INTERNATIONAL INCORPORATED |
| Est. Avail/ | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Water | Contract | ||||||||||||||
| Rig Name | Design | Depth | Customer/Status | Day Rate | Location | Change | Comments | ||||||||
| Southeast Asia/Australia | |||||||||||||||
| ENSCO 106 | KFELS MOD V-B | 400 | Apache | High 260's | Australia | Mar. 09 | Unpriced option | ||||||||
| ENSCO 107 | KFELS MOD V-B | 400 | OMV | Low 220's | New Zealand | Jun. 09 | Deferral of est. 40 days revenue in 3Q while WOW, low 200's. Plus cost adjustments; rate applicable for 365 days then mutually agreed and four 1-well options, low 220's. Thereafter Origin has four 1-well unpriced options and then OMV has five 1-well unpriced options | ||||||||
| ENSCO 108 | KFELS MOD V-B | 400 | BP | Mid 190's | Indonesia | Feb. 09 | Rate increases Nov. 08 to low 200's, plus cost adjustments | ||||||||
| ENSCO I | Barge Rig | Available | Singapore | Stacked in Singapore | |||||||||||
Europe & Africa North Sea | |||||||||||||||
| ENSCO 70 | Hitachi K1032N | 250 | DONG | Mid 210's | UK | Feb. 09 | Market rate, assigned to ADTI to Feb. 09, and well to well unpriced options. Next expect to work to Apr. 09, low 220's plus cost adjustments | ||||||||
| ENSCO 71 | Hitachi K1032N | 225 | Maersk | Low 200's | DK | Aug. 09 | Two 1-year options, 1st year high 210's and 2nd year high 220's | ||||||||
| ENSCO 72 | Hitachi K1025N | 225 | Total | Low 200's | NL | Sep. 08 | Plus cost adjustments. Next expect 18 days off rate for regulatory work. Then expect to work to Apr. 09, mid 210's plus cost adjustment and same rate options through 2009 | ||||||||
| ENSCO 80 | MLT 116-CE | 225 | ConocoPhillips | Low 200's | UK | Feb. 09 | Plus cost adjustments through 2008, plus unpriced 1-well option. 2009 rate to be mutually agreed | ||||||||
| ENSCO 92 | MLT 116-C | 225 | BG | Mid 210's | UK | Sep. 08 | Plus cost adjustments. Next to Senergy to Mar. 09, and initially assigned to Tullow for approximately 70 days, mid 210's plus cost adjustments. Then expect to work to Nov. 09, mid 210's plus cost adjustments and same rate well to well options through 2009 | ||||||||
| ENSCO 100 | MLT 150-88-C | 350 | AGR Peak | High 250's | UK | Mar. 09 | Plus cost adjustments and unpriced option. Rate to be mutually agreed after Mar. 09 | ||||||||
| ENSCO 101 | KFELS MOD V-A | 400 | Maersk | Low 270's | UK / DK | Jan. 09 | Next to Gaz de France to Apr. 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 Apr. to Jul. 09, low 270's. Thereafter two 1-well unpriced 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 | Feb. 09 | 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 70's | Gulf of Mexico | Dec. 08 | |||||||||
| ENSCO 68 | MLT 84-CE | 400 | W & T | Low 130's | Gulf of Mexico | Sep. 08 | Next to Merit to Dec. 08, low 110's. Then to Chevron to Feb. 09, low 150's. Then to mobilize to Chevron in Venezuela to Dec. 09, low 200's | ||||||||
| ENSCO 74 | MLT Super 116-C | 400 | Mariner | Low 160's | Gulf of Mexico | Dec. 08 | Damaged during Hurricane Ike, status unknown | ||||||||
| ENSCO 75 | MLT Super 116-C | 400 | Eni | Low 120's | Gulf of Mexico | Dec. 08 | Rate increases late Oct. 08 to mid 140's, plus one 120-day option, mid 170's | ||||||||
| ENSCO 82 | MLT 116-C | 300 | WOW | Gulf of Mexico | Sep. 08 | Next to Chevron to Dec. 08, low 90's. Then to Hunt Oil to Mar. 09, low 100's | |||||||||
| ENSCO 83 | MLT 82 SD-C | 250 | Hunt | Low 100's | Gulf of Mexico | Oct. 08 | Next to ANKOR Energy to May 09, low 110's. Rate will adjust Jan. 09 | ||||||||
Note: Highlighted/underlined rig names signify changes in rig status information from the previous month. WOW means Waiting on Weather. Please note forward-looking statement disclaimer at the top of the first page. |
ENSCO INTERNATIONAL INCORPORATED |
| Est. Avail/ | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Water | Contract | ||||||||||||||
| Rig Name | Design | Depth | Customer/Status | Day Rate | Location | Change | Comments | ||||||||
| Gulf of Mexico Jackups | |||||||||||||||
| ENSCO 86 | MLT 82 SD-C | 250 | Devon | Low 110's | Gulf of Mexico | Nov. 08 | Plus one 1-well option, rate firm for earlier of option well or Jun. 09 | ||||||||
| ENSCO 87 | MLT 116-C | 350 | Walter | Mid 110's | Gulf of Mexico | Oct. 08 | |||||||||
| ENSCO 89 | MLT 82 SD-C | 250 | Chevron | Mid 80's | Gulf of Mexico | Sep. 08 | Next to Hall Houston to Dec. 08, mid 80's | ||||||||
| ENSCO 90 | MLT 82 SD-C | 250 | Apache | Mid 90's | Gulf of Mexico | Dec. 08 | Rate increases Oct. 08 to low 100's | ||||||||
| ENSCO 93 | MLT 82 SD-C | 250 | Hunt | Mid 90's | Gulf of Mexico | Oct. 08 | Next to Nexen to Dec. 08, high 80's | ||||||||
| ENSCO 98 | MLT 82 SD-C | 250 | Leed | Low 80's | Gulf of Mexico | Dec. 08 | Rate from mid Oct. 08 to be mutually agreed, plus two 1-well unpriced options | ||||||||
| ENSCO 99 | MLT 82 SD-C | 250 | Stone Energy | Mid 70's | Gulf of Mexico | Nov. 08 | Rate increases mid Sep. 08 to mid 110's. Then to ExxonMobil to Aug. 09, indexed rate | ||||||||
Semisubmersibles | |||||||||||||||
| ENSCO 7500 | Dynamically Positioned | 8000 | Chevron | Mid 360's | Gulf of Mexico | Sep. 10 | Rig to mobilize Oct. 08 to Australia, mid 360's mob rate deferred until operations commence in late Dec. 08, operating rate low 550's plus cost adjustments | ||||||||
| 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 270'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 | 2Q 09 | Contracted in Gulf of Mexico to Nexen and Noble Energy commencing 3Q 09 to 4Q 12, mid 350'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, low 470'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 | Contracted in Gulf of Mexico to Cobalt commencing late 2010 / early 2011 for 2 years, low 510's, plus cost adjustments and unpriced option | |||||||||
| ENSCO 8504 | Dynamically Positioned | 8500 | Under construction | Singapore | 2H 11 | ||||||||||
| ENSCO 8505 | Dynamically Positioned | 8500 | Under construction | Singapore | 1H 12 | ||||||||||
| ENSCO 8506 | Dynamically Positioned | 8500 | Under construction | Singapore | 2H 12 | ||||||||||
| 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 180's | Venezuela | Sep. 08 | |||||||||
Note: Highlighted/underlined rig names signify changes in rig status information from the previous month. WOW means Waiting on Weather. Please note forward-looking statement disclaimer at the top of the first page. |