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8-K Filing
Valaris Limited (VAL) 8-KRegulation FD Disclosure
Filed: 15 Aug 13, 12:00am
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / 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 | High 490s | U.S. Gulf of Mexico | Jun. 16 | Zero rate for ----- approx. 11 days in 3Q13. Plus cost adjustments | |||||||
ENSCO DS-5 | Drillship, DP3 Samsung | 10000/12000 | Petrobras | Mid 430s | U.S. Gulf of Mexico | Jul. 16 | Zero rate for ----- approx. 25 days in 3Q13. 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. 14 | -----. Planned inspection for approx. 20 days in 4Q13. Plus approx. $31,000 per day for lump sum payment of $20 million and one-time reimbursable costs of $27 million amortized through Aug. 13. Plus cost adjustments and three 1-year same-rate options | |||||||
ENSCO 8501 | Semisubmersible DP | 8500/10000 | -----Noble Energy | High 520s | U.S. Gulf of Mexico | Aug. 14 | Planned inspection for approx. 20 days in 2Q14. -----. -----. -----. Plus cost adjustments and three 1-year unpriced options | |||||||
ENSCO 8502 | Semisubmersible DP | 8500/10000 | -----LLOG | High 490s | U.S. Gulf of Mexico | Sep. 14 | -----. -----. Plus cost adjustments. -----. Next to Marathon Sep. 13 to Feb. 14, low 530s. Then to Stone Feb. 14 to Sep. 14, low 530s | |||||||
ENSCO 8503 | Semisubmersible DP | 8500/10000 | Cobalt | High 540s | U.S. Gulf of Mexico | Jan. 14 | Plus approx. $54,000 per day for reimbursable mobilization expenses and upgrade costs amortized through Dec. 13. Plus cost adjustments | |||||||
ENSCO 8505 | Semisubmersible DP | 8500/10000 | Anadarko/Apache/ Noble Energy | High 480s | U.S. Gulf of Mexico | Jul. 14 | Plus cost adjustments and two 1-year unpriced options | |||||||
ENSCO 8506 | Semisubmersible DP | 8500/10000 | Anadarko | High 530s | U.S. Gulf of Mexico | Jul. 15 | -----. Plus cost adjustments |
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / Region / Rig | Design | Water Depth'(1) | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(2) | Comments | |||||||
Floaters | ||||||||||||||
Brazil | ||||||||||||||
ENSCO DS-4 | Drillship, DP3 Samsung | 10000/12000 | BP | Mid 550s | Brazil | Jul. 16 | Plus cost adjustments | |||||||
ENSCO 7500 | Semisubmersible DP | 8000 | Petrobras | Low 320s | Brazil | Aug. 14 | Zero rate for ----- approx. 26 days in 3Q13. 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 370s | Brazil | Jun. 18 | -----. Planned shipyard upgrade for approx. 45 days in 2014, mid 210s. Plus approx. $12,000 per day amortized over primary contract term for capital upgrades. Plus cost adjustments | |||||||
ENSCO 6002 | Semisubmersible - DP Megathyst | 5700 | Petrobras | Mid 370s | Brazil | Jul. 18 | -----. -----. Planned shipyard upgrade for approx. 45 days in 2014, mid 210s. Plus approx. $12,000 per day amortized over primary contract term for capital upgrades. Plus cost adjustments | |||||||
ENSCO 6003 | Semisubmersible - DP Megathyst | 5700 | Petrobras | Low 320s | Brazil | Jan. 17 | -----. Eligible for bonus opportunity up to 15%, plus cost adjustments | |||||||
ENSCO 6004 | Semisubmersible - DP Megathyst | 5700 | Petrobras | Low 320s | Brazil | Oct. 16 | -----. Zero rate for approx. 9 days in 3Q13. Eligible for bonus opportunity up to 15%, plus cost adjustments | |||||||
ENSCO 5000 | Semisubmersible - Conv Neptune Pentagon | 2300/2650 | ----- | ----- | Brazil | Oct. 13 | -----. -----. Mobilize to shipyard in South Africa and planned inspection for approx. 60 days in 3Q13 | |||||||
ENSCO 5002 | Semisubmersible - Conv Aker H-3 | 1000 | OGX/Repsol | Low 220s | Brazil | Nov. 13 | Currently assigned to Repsol to Sep. 13 | |||||||
ENSCO 5004 | Semisubmersible - Conv F & G Enhanced Pacesetter | 1500 | OGX | Mid 230s | Brazil | Nov. 13 | Mobilize to the Mediterranean for approx. 60 days upon completion of current contract. Expect to work 2Q14 to 4Q16 with periodic rate increases resulting in mid 310s average rate over contract. Plus mob fee to be amortized over primary contract term | |||||||
ENSCO 6000 | Semisubmersible - DP Amethyst | 3400/4000 | Petrobras | Mid 270s | Brazil | Apr. 14 | Currently outfitted for workover activity |
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / 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 | Low 430s | Cyprus | Dec. 17 | -----. Next mobilize to Singapore shipyard in 1Q14 under contract to Inpex for 40 month drilling program in Australia with estimated commencement 3Q14, initially low 460s. Plus periodic rate increases resulting in low 490s average rate over drilling program. Plus estimate of $164,000 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 | High 350s | Angola | Feb. 16 | -----. Zero rate for approx. 13 days in 3Q13. Planned inspection and upgrade for approx. 60 days in 2Q14. Plus unpriced options and cost adjustments. Eligible for bonus opportunity up to 5% | |||||||
ENSCO DS-2 | Drillship - DP Gusto 10,000 | 6000/10000 | ----- | ----- | Angola | 2Q15 | -----. Planned inspection in 3Q13 for approx. 40 days. -----. Next to Total Sep. 13 to Sep. 14, high 430s. Then mobilize to shipyard for survey and capital upgrade to 2Q15 | |||||||
ENSCO DS-6 | Drillship, DP3 Samsung | 10000/12000 | BP | Low 520s | Angola | Mar. 18 | Plus approx. $102,000 per day amortized over 5-year contract term for special day rate ahead of mobilization, upgrade costs and reimbursable mobilization expenses. Plus cost adjustments and two 1-year options at mutually agreed rates | |||||||
ENSCO 5001 | Semisubmersible - Conv Sonat | 5000/6500 | PetroSA | Mid 280s | South Africa | Jan. 15 | -----. Zero rate for approx. 7 days in 3Q13. 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 |
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / Region / Rig | Design | Water Depth'(1) | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(2) | Comments | |||||||
Floaters | ||||||||||||||
Asia & Pacific Rim | ||||||||||||||
ENSCO 8504 | Semisubmersible DP | 8500/10000 | Shell/KPOC | Low 550s | Malaysia | May 15 | Currently assigned to KPOC for one well. Planned inspection for approx. 10 days in 3Q14. Plus cost adjustments. Plus approx. $8,000 per day for mobilization amortized over primary contract term | |||||||
ENSCO 5005 | Semisubmersible - Conv F & G Enhanced Pacesetter | 1500/1700 | Shipyard | Singapore | 1Q14 | Planned inspection and shipyard upgrades | ||||||||
Under Construction | ||||||||||||||
ENSCO DS-7 | Drillship, DP3 Samsung | 10000/12000 | Under construction/ Contracted | South Korea | Dec. 16 | Contracted to Total in Angola from Dec. 13 to Dec. 16, initial rate mid 610s for first 90 days after commencement. Plus periodic rate increases resulting in high 640s average rate over three-year contract. Mob fee of $31 million to be amortized over primary contract term | ||||||||
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 | |||||||||
ENSCO DS-10 | Drillship, DP3 Samsung GF12000 | 10000/12000 | Under construction | South Korea | 3Q15 |
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / 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 | Zero rate for approx. 15 days in 1Q14. 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 approx. 12 days in 4Q13 for planned maintenance. Plus cost adjustments | |||||||
ENSCO 81 | MLT 116-C | 350 | Stone | High 130s | Gulf of Mexico | Dec. 13 | ||||||||
ENSCO 82 | MLT 116-C | 300 | Energy XXI | Mid 130s | Gulf of Mexico | Sep. 14 | Rate increases Sep. 13 to low 140s, plus cost adjustments | |||||||
ENSCO 86 | MLT 82 SD-C | 250 | Apache | Low 110s | Gulf of Mexico | Dec. 13 | Next to Ankor Oct. 13 to Dec. 13, mid 120s | |||||||
ENSCO 87 | MLT 116-C | 350 | Apache | Low 140s | Gulf of Mexico | Jan. 14 | ||||||||
ENSCO 90 | MLT 82 SD-C | 250 | Energy XXI/ Chevron | Low 110s | Gulf of Mexico | Oct. 13 | Assigned to Chevron for remainder of contract term | |||||||
ENSCO 99 | MLT 82 SD-C | 250 | Energy XXI | Low 110s | Gulf of Mexico | Jul. 14 | Rate increases Oct. 13 to mid 120s. Zero rate for approx. 14 days in 2Q14 for planned maintenance | |||||||
Pride Wisconsin | MLT-Slot | 300 | Cold stacked | Gulf of Mexico | ||||||||||
Mexico | ||||||||||||||
ENSCO 83 | MLT 82 SD-C | 250 | Pemex | Low 90s | Mexico | Oct. 16 | ||||||||
ENSCO 89 | MLT 82 SD-C | 250 | Pemex | Low 90s | Mexico | Nov. 15 | Planned inspection 4Q13 for approx. 21 days | |||||||
ENSCO 93 | MLT 82 SD-C | 250 | Pemex | Low 90s | Mexico | Jun. 15 | ||||||||
ENSCO 98 | MLT 82 SD-C | 250 | Pemex | Low 90s | Mexico | Aug. 15 |
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(1) | Comments | |||||||
Jackups | ||||||||||||||
Europe | ||||||||||||||
North Sea | ||||||||||||||
ENSCO 70 | Hitachi K1032N | 250 | RWE Dea | Mid 140s | UK | May 16 | Next planned shipyard upgrade and inspection for approx. 10 days in 4Q13 and approx. 80 days in 1Q14. Then to RWE Dea Mar. 14 to May 14, mid 140s. Plus one 1-well unpriced option. Then to Maersk in Denmark to May 16, low 160s. Plus approx. $11,000 per day for reimbursable upgrade costs amortized May 14 to May 16. Plus cost adjustments and three 1-year unpriced options | |||||||
ENSCO 71 | Hitachi K1032N | 225 | Maersk | Low 140s | Denmark | May 14 | Plus two 1-year options at escalating day rates and one 1-year at mutually agreed rate | |||||||
ENSCO 72 | Hitachi K1025N | 225 | Maersk | Low 140s | Denmark | Aug. 14 | -----. -----. Plus two 1-year options at escalating day rates and one 1-year option at mutually agreed rate | |||||||
ENSCO 80 | MLT 116-CE | 225 | EOG | High 90s | UK | Apr. 17 | Planned inspection for approx. 20 days in 1Q14. Rate increases Jan. 14 to low 130s, plus cost adjustments. Then to GDF Apr. 14 to Apr. 17, high 130s. Plus cost adjustments and unpriced option | |||||||
ENSCO 92 | MLT 116-C | 225 | -----ONE | Mid 130s | -----Netherlands | Jan. 15 | -----. Next to Tullow Oct. 13 to Dec. 13, high 140s. Then to ONE Dec. 13 to May 14, mid 140s. Planned inspection for approx. 14 days in 2Q14. Then to ConocoPhillips in UK Jun. 14 to Jan. 15, low 160s. All with cost adjustments | |||||||
ENSCO 100 | MLT 150-88-C | 350 | Ithaca | Mid 160s | UK | Dec. 14 | -----. Plus cost adjustments and two 1-well options | |||||||
ENSCO 101 | KFELS MOD V-A | 400 | Tullow | High 210s | UK | Oct. 14 | -----. Plus cost adjustments. Next to BP Oct. 13 to Oct. 14, mid 210s, plus two 6-month unpriced options. Plus cost adjustments | |||||||
ENSCO 102 | KFELS MOD V-A | 400 | ConocoPhillips | Low 200s | UK | Jun. 16 | -----. Rate firm for 8 wells (est. through Jun. 14) thereafter at mutually agreed rate. Plus cost adjustments and unpriced options |
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / 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 | BG | Low 140s | India | Apr. 14 | Plus approx. $9,000 per day for mobilization amortized to Oct. 13. Rate increases Oct. 13 to mid 140s | |||||||
ENSCO 58 | F&G L-780 Mod II | 250 | Saudi Aramco | Mid 60s | Saudi Arabia | Jan. 14 | -----. Plus one 1-year same rate option | |||||||
ENSCO 76 | MLT Super 116-C | 350 | Saudi Aramco | Low 100s | Saudi Arabia | Jun. 14 | -----. -----. Plus one 1-year option, high 150s | |||||||
ENSCO 84 | MLT 82 SD-C | 250 | Saudi Aramco | Low 60s | Saudi Arabia | Nov. 14 | -----. Plus one 1-year option, mid 70s | |||||||
ENSCO 88 | MLT 82 SD-C | 250 | Shipyard | Qatar | Oct. 16 | Planned shipyard upgrade and mobilization ----- approx. 92 days in 3Q13 and approx. 13 days in 4Q13. Then to Saudi Aramco Oct. 13 to Oct. 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 | Saudi Aramco | Low 100s | Saudi Arabia | Jun. 16 | -----. Planned inspection for approx. 14 days in 3Q14. Plus one 1-year priced option | |||||||
ENSCO 96 | Hitachi 250-C | 250 | Saudi Aramco | Low 60s | Saudi Arabia | Nov. 14 | Planned shipyard upgrade for approx. 30 days in 4Q13 and approx. 50 days in 1Q14. Plus one 1-year option, mid 70s | |||||||
ENSCO 97 | MLT 82 SD-C | 250 | Saudi Aramco | Low 60s | Saudi Arabia | Nov. 14 | Planned shipyard upgrade for approx. 65 days in 1Q14 and approx. 15 days in 2Q14. Plus one 1-year option, mid 70s |
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(1) | Comments | |||||||
Jackups | ||||||||||||||
Asia & Pacific Rim | ||||||||||||||
Southeast Asia / Australia | ||||||||||||||
ENSCO 52 | F&G L-780 Mod II-C | 300 | Murphy | High 70s | Malaysia | Aug. 14 | -----. Plus cost adjustments and one 1-year unpriced option. Plus $15,000 per day for upgrade costs amortized Jun. 13 to Nov. 13 | |||||||
ENSCO 53 | F&G L-780 Mod II-C | 300 | Newfield | Low 100s | Malaysia | Nov. 13 | Inspection for 14 days in 3Q13. Next to Shell to Nov. 13, low 100s | |||||||
ENSCO 56 | F&G L-780 Mod II-C | 300 | Pertamina | Mid 110s | Indonesia | Jul. 15 | Shipyard upgrade and mobilization for ----- 7 days in 3Q13. Plus approx. $3,000 per day for mobilization amortized over primary contract term. Plus one 8-month unpriced option | |||||||
ENSCO 67 | MLT 84-CE | 400 | Pertamina | Mid 130s | Indonesia | Mar. 16 | Plus one 8-month unpriced option | |||||||
ENSCO 85 | MLT 116-C | 300 | Pertamina | Mid 130s | Indonesia | Feb. 14 | Plus approx. $7,000 per day for mobilization amortized over primary contract term. Plus one 8-month unpriced option | |||||||
ENSCO 104 | KFELS MOD V-B | 400 | ENI | Mid 230s | Australia | Mar. 14 | Plus cost adjustments. Plus approx. $16,000 per day for mobilization amortized over primary contract term | |||||||
ENSCO 105 | KFELS MOD V-B | 400 | Petronas Carigali | Mid 150s | Malaysia | Nov. 13 | ||||||||
ENSCO 106 | KFELS MOD V-B | 400 | Newfield | Low 140s | Malaysia | Oct. 14 | Rate increases Oct. 13 to mid 150s, plus cost adjustments | |||||||
ENSCO 107 | KFELS MOD V-B | 400 | -----Eni | Low 170s | Vietnam | Nov. 14 | -----. Next to Mitra Energy from Sep. 13 to Nov. 13, low 170s. Then contract preparations and mobilization for approx. 56 days in 4Q13 in advance of drilling operations for OMV in New Zealand Dec. 13 to Nov. 14, low 230s. Day rate earned during contract preparations and mob fee to be amortized over primary contract term. Plus cost adjustments and one 90-day unpriced option | |||||||
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 180s | Australia | Nov. 13 | Next to PTTEP Aug. 13 to Nov. 13, mid 190s |
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(1) | Comments | |||||||
Jackups | ||||||||||||||
Asia & Pacific Rim | ||||||||||||||
Under Construction | ||||||||||||||
ENSCO 120 | KFELS Super A | 400 | Under construction/ Contracted | Singapore | Apr. 15 | Contracted to Nexen in the UK from Dec. 13 to Apr. 15, low 230s. Plus cost adjustments and eleven 1-well options. Mob fee of approx. $8 million to be amortized over primary contract term | ||||||||
ENSCO 121 | KFELS Super A | 400 | Under construction/ Contracted | Singapore | 2Q16 | Contracted to Wintershall in Danish and Dutch sector from 2Q14 to 2Q16, low 230s. Plus one 1-year unpriced option. Mob fee of approx. $8 million to be amortized over primary contract term | ||||||||
ENSCO 122 | KFELS Super A | 400 | Under construction | Singapore | 3Q14 | |||||||||
ENSCO 110 | KFELS MOD V-B | 400 | Under construction | Singapore | 1Q15 |
![]() | Ensco plc Fleet Status Report 15 August 2013 |
Segment / Region / 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 | Aug. 13 | ||||||||
Thunderhorse | Deepwater Semisubmersible | 6000 | BP | Low 100s | 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 |