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| | | Ensco plc Fleet Status Report 20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report. |
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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 | | -----. Plus cost adjustments |
| ENSCO DS-5 | | Drillship, DP3 Samsung | | 10000/12000 | | Petrobras | | High 430s | | U.S. Gulf of Mexico | | Jul. 16 | | Zero rate for ----- approx. 13 days in 4Q13. Eligible for bonus opportunity up to 17%, plus cost adjustments |
| ENSCO 8500 | | Semisubmersible DP | | 8500/10000 | | Anadarko/Eni | | Low 310s | | U.S. Gulf of Mexico | | Sep. 14 | | Planned inspection for approx. 20 days in 1Q14. Plus cost adjustments and three 1-year same-rate options |
| ENSCO 8501 | | Semisubmersible DP | | 8500/10000 | | Noble Energy | | Low 530s | | 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 | | Marathon | | Low 530s | | U.S. Gulf of Mexico | | 1Q15 | | Zero rate for approx. 14 days in 4Q13. Next to Stone Feb. 14 to Sep. 14, low 530s. Then expect to work into 1Q15 |
| ENSCO 8503 | | Semisubmersible DP | | 8500/10000 | | Cobalt | | Low 550s | | U.S. Gulf of Mexico | | 1Q15 | | Plus approx. $54,000 per day for reimbursable mobilization expenses and upgrade costs amortized Dec. 11 to Dec. 13. Plus cost adjustments. Then expect to work into 1Q15 |
| 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 | | Low 540s | | U.S. Gulf of Mexico | | Jul. 15 | | Zero rate for approx. 23 days in 4Q13. Plus cost adjustments |
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| | | Ensco plc
Fleet Status Report
20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report. |
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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. 20 days in 4Q13. Eligible for bonus opportunity up to 5%. Plus approx. $20,000 per day for mobilization revenue and expenses amortized Jan. 12 to Aug. 14. Plus cost adjustments |
| ENSCO 6001 | | Semisubmersible - DP Megathyst | | 5700 | | Petrobras | | Mid 370s | | Brazil | | Jun. 18 | | Mid 250s day rate during planned shipyard upgrade for approx. 65 days in 2014. Plus approx. $16,000 per day amortized Oct. 14 to Jun. 18 for capital upgrades. Plus cost adjustments |
| ENSCO 6002 | | Semisubmersible - DP Megathyst | | 5700 | | Petrobras | | Mid 370s | | Brazil | | Ju1. 18 | | Zero rate for approx. 5 days in 4Q13. Low 170s day rate during planned shipyard upgrade for approx. 65 days in 2014. Plus approx. $21,000 per day amortized Dec. 14 to Jul. 18 for capital upgrades. Plus cost adjustments |
| ENSCO 6003 | | Semisubmersible - DP Megathyst | | 5700 | | Petrobras | | Low 320s | | Brazil | | Jan. 17 | | Zero rate for ----- approx. 7 days in 4Q13. Eligible for bonus opportunity up to 15%, plus cost adjustments |
| ENSCO 6004 | | Semisubmersible - DP Megathyst | | 5700 | | Petrobras | | Low 320s | | Brazil | | Oct. 16 | | -----. Eligible for bonus opportunity up to 15%, plus cost adjustments |
| ENSCO 5002 | | Semisubmersible - Conv Aker H-3 | | 1000 | | -----Mobilizing | | ----- | | ----- | | Jan. 14 | | Mobilizing to the Mediterranean |
| ENSCO 5004 | | Semisubmersible - Conv F & G Enhanced Pacesetter | | 1500 | | -----Mobilizing | | ----- | | ----- | | Jan. 14 | | Mobilizing to the Mediterranean for contract preparations. Next to Mellitah from 2Q14 to 4Q16, initial rate low 300s at commencement. Plus 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 |
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| | | Ensco plc
Fleet Status Report
20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report. |
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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 | | Israel | | Dec. 17 | | Next mobilize to Singapore shipyard in early Jan. 14 under contract to Inpex for 40 month drilling program in Australia with estimated commencement 4Q14, initially low 460s. Plus periodic rate increases resulting in mid 490s average rate over drilling program. Plus estimate of $200,000 per day amortized over the duration of the drilling program for capital upgrades and day rates during shipyard stay and mobilizations |
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| Middle East & Africa | | |
| ENSCO DS-1 | | Drillship - DP Gusto 10,000 | | 6000/10000 | | TOTAL | | High 350s | | Angola | | Mar. 16 | | -----. Planned inspection and upgrade for approx. 60 days in 2Q14. Plus cost adjustments and unpriced options. Eligible for bonus opportunity up to 5% |
| ENSCO DS-2 | | Drillship - DP Gusto 10,000 | | 6000/10000 | | -----TOTAL | | High 430s | | Angola | | 2Q15 | | Planned maintenance for ----- approx. 30 days in 4Q13. -----. Next mobilize to shipyard in Nov. 14 for survey and capital upgrade to 2Q15 |
| ENSCO DS-6 | | Drillship, DP3 Samsung | | 10000/12000 | | BP | | Mid 530s | | Angola | | Feb. 18 | | Plus approx. $102,000 per day amortized Feb.13 to Feb. 18 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 DS-7 | | Drillship, DP3 Samsung | | 10000/12000 | | -----Acceptance Testing | | | | Angola | | Dec. 16 | | Contracted to Total 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 5001 | | Semisubmersible - Conv Sonat | | 5000/6500 | | PetroSA | | Mid 280s | | South Africa | | Jan. 15 | | -----. Zero rate for approx. 33 days in 4Q13. Plus approx. $7,500 per day for reimbursable mobilization expenses amortized Jan. 13 to Jan. 15. Plus two 1-well options, low 320s |
| ENSCO 5000 | | Semisubmersible - Conv Neptune Pentagon | | 2300/2650 | | Shipyard | | | | South Africa | | | | Planned inspection |
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| | | Ensco plc
Fleet Status Report
20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report. |
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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 | | Mid 550s | | Malaysia | | May 15 | | Planned inspection for approx. 10 days in 3Q14. Plus cost adjustments and two 6-month same-rate options. Plus approx. $8,000 per day for mobilization amortized Jul.13 to May 15 |
| ENSCO 5005 | | Semisubmersible - Conv F & G Enhanced Pacesetter | | 1500/1700 | | Shipyard | | | | Singapore | | 1Q14 | | Planned inspection and shipyard upgrades |
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| Under Construction | | | | | | | | | | | | |
| 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 | | |
(1) For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.
(2) Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the expected delivery date from the shipyard.
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| | | Ensco plc
Fleet Status Report
20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.
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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. 15 | | Zero rate for approx. 15 days in 2Q14. Day rate does not include certain extra reimbursable costs. Rate increases Jan. 14 to mid 140s |
| ENSCO 69 | | MLT 84-Slot | | 300 | | Cold stacked | | | | Gulf of Mexico | | | | |
| ENSCO 75 | | MLT Super 116-C | | 400 | | Fieldwood | | 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 | | Jan. 15 | | Next to Chevron Feb. 14 to Jan. 15, mid 140s |
| ENSCO 82 | | MLT 116-C | | 300 | | Energy XXI | | Low 140s | | Gulf of Mexico | | Sep. 14 | | Planned inspection for approx. 15 days in 1Q14. Plus cost adjustments |
| ENSCO 86 | | MLT 82 SD-C | | 250 | | Fieldwood | | Low 110s | | Gulf of Mexico | | Dec. 13 | | |
| ENSCO 87 | | MLT 116-C | | 350 | | Fieldwood | | Low 140s | | Gulf of Mexico | | Jan. 14 | | |
| ENSCO 90 | | MLT 82 SD-C | | 250 | | -----Ankor | | Mid 120s | | Gulf of Mexico | | Feb. 14 | | -----. Zero rate for approx. 27 days in 4Q13 |
| ENSCO 99 | | MLT 82 SD-C | | 250 | | Energy XXI | | Mid 120s | | Gulf of Mexico | | Jul. 14 | | Zero rate for approx. 14 days in 2Q14 for planned maintenance |
| Pride Wisconsin | | MLT-Slot | | 300 | | Cold stacked | | | | Gulf of Mexico | | | | |
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| 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 1Q14 for approx. 14 days |
| ENSCO 93 | | MLT 82 SD-C | | 250 | | Pemex | | Low 90s | | Mexico | | Jun. 15 | |
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| ENSCO 98 | | MLT 82 SD-C | | 250 | | Pemex | | Low 90s | | Mexico | | Aug. 15 | |
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| | | Ensco plc
Fleet Status Report
20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.
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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 | | Oct. 16 | | Next planned shipyard upgrade and inspection for ----- approx. 90 days in 1Q14. Then to RWE Dea Apr. 14 to Sep. 14, initial rate mid 140s. Rate increases Jun. 14 to low 170s. Then to Maersk in Denmark to Oct. 16, low 160s. Plus approx. $18,000 per day for reimbursable upgrade costs and day rate during shipyard stay amortized Sep. 14 to Aug. 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 | | Rate increases Jan. 14 to low 130s, plus cost adjustments. Next planned inspection for approx. 30 days in 1Q14. Then to GDF Apr. 14 to Apr. 17, high 130s. Plus cost adjustments and unpriced option |
| ENSCO 92 | | MLT 116-C | | 225 | | Tullow | | High 140s | | Netherlands | | Aug. 15 | | Next to O.N.E. Jan. 14 to Jun. 14, mid 140s. Planned inspection for approx. 38 days in 2Q14. Then to ConocoPhillips in UK Jul. 14 to Aug. 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 | | -----BP | | Low 220s | | UK | | Nov. 15 | | -----. Plus cost adjustments and two 6-month unpriced options |
| ENSCO 102 | | KFELS MOD V-A | | 400 | | ConocoPhillips | | Low 210s | | UK | | Jun. 16 | | Rate firm for 8 wells (est. through Apr. 15) thereafter at mutually agreed rate. Plus cost adjustments and unpriced options |
| ENSCO 120 | | ENSCO 120 Series | | 400 | | -----Acceptance Testing | | | | UK | | Apr. 15 | | Contracted to Nexen from Dec. 13 to Apr. 15, initial rate low 230s. Rate increases Mar. 14 to mid 230s. Plus cost adjustments and eleven 1-well options. Mob fee of approx. $8 million to be amortized over primary contract term |
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| | | Ensco plc
Fleet Status Report
20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.
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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 | | Mid 140s | | India | | Oct. 17 | | Mobilize to shipyard in May 14 for capital upgrades. Next to Saudi Aramco Oct. 14 to Oct. 17, mid 110s. Plus approx. $39,000 per day for upgrade costs and mobilization amortized Oct. 14 to Oct. 17. Plus one 1-year priced option |
| 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 | | Jul. 14 | | Planned inspection for approx. 21 days in 2Q/3Q14. 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 | | -----Saudi Aramco | | Low 100s | | -----Saudi Arabia | | Nov. 16 | | -----. -----. Plus one 1-year priced option |
| ENSCO 91 | | Hitachi Zosen Drill Hope C-150 | | 270 | | Saudi Aramco | | High 60s | | Saudi Arabia | | Aug. 14 | | Planned inspection for approx. 21 days in 4Q14. 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. 80 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 |
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| | | Ensco plc
Fleet Status Report
20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.
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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 | | Mid 80s | | 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 | | -----Mobilizing | | ----- | | ----- | | Jan. 16 | | -----. Mobilizing to Abu Dhabi. Next to NDC Jan. 14 to Jan. 16, low 100s. Plus two 1-year unpriced options |
| ENSCO 56 | | F&G L-780 Mod II-C | | 300 | | Pertamina | | Mid 110s | | Indonesia | | Jul. 15 | | -----. Plus approx. $3,000 per day for mobilization amortized Jul. 13 to Jul. 15. 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 Jan. 13 to Jan. 14. 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 Jun. 13 to Mar. 14 |
| ENSCO 105 | | KFELS MOD V-B | | 400 | | -----Shell | | Low 160s | | Malaysia | | Nov. 14 | | -----. -----. Plus approx. $2,000 per day for mobilization amortized Nov. 13 to Nov. 14. Plus cost adjustments and one 6-month unpriced option and one 1-year unpriced option |
| ENSCO 106 | | KFELS MOD V-B | | 400 | | Newfield | | High 150s | | Malaysia | | Oct. 14 | | -----. Plus cost adjustments |
| ENSCO 107 | | KFELS MOD V-B | | 400 | | Mitra/ENI | | Low 170s | | Vietnam | | Feb. 15 | | Assigned to ENI. Back to Mitra Energy from mid Dec. 13 to late Jan. 14, low 170s. Then contract preparations and mobilization for approx. 56 days in 1Q14 in advance of drilling operations for OMV in New Zealand Apr. 14 to Feb. 15, 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 | | PTTEP | | Low 200s | | Australia | | Feb. 14 | | Plus approx. $41,000 per day for mobilization amortized Sep. 13 to Nov. 13. Next mobilize to Singapore for planned inspection |
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| | | Ensco plc
Fleet Status Report
20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.
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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 121 | | ENSCO 120 Series | | 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 | | ENSCO 120 Series | | 400 | | Under construction/Contracted | | | | Singapore | | 4Q16 | | Contracted to NAM in Dutch and UK sector from 4Q14 to 4Q16, low 230s. Plus cost adjustments and two 1-year unpriced options. Mob fee of approx. $10 million to be amortized over primary contract term |
| ENSCO 123 | | ENSCO 120 Series | | 400 | | Under construction | | | | Singapore | | 2Q16 | | |
| ENSCO 110 | | KFELS MOD V-B | | 400 | | Under construction | | | | Singapore | | 1Q15 | | |
(1) Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the expected delivery date from the shipyard.
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| | | Ensco plc
Fleet Status Report
20 November 2013 | | | |
Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.
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Segment / Region / Rig | | Design | | Water Depth' | | Customer/ Status | | Day Rate $000′s US | | Location | | Est. Avail(1) | | Comments |
| Other | | | | | | | | | | | | | | |
| Deepwater Drilling Management | | |
| 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 |
(1) Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the expected delivery date from the shipyard.
Definitions and Disclaimers
Day Rate Definition. The day rates reflected in this Fleet Status Report are the operating day rates charged to customers, which may include estimated contractual adjustments for changes in operating costs and/or reimbursable cost adjustments for ongoing expenses such as crew, catering, insurance and taxes. The day rates, however, do not include certain types of non-recurring revenues such as lump sum mobilization payments, revenues earned during mobilizations, revenues associated with contract preparation and other non-recurring reimbursable items such as mobilizations and capital enhancements, and the impact of the fair market value adjustments to previously acquired drilling contracts. Routine and non-routine downtime may reduce the actual revenues recognized during the contract term. Additionally, the Company occasionally negotiates special rates with customers as noted in the comments that reduce revenues recognized during the contract term. Significant zero rate estimates are reflected in the comments section.
Forward Looking Statement. Statements contained in this Fleet Status Report that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include words or phrases such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “could,” “may,” “might,” “should,” “will” and similar words and specifically include statements involving future rig day rates; cost adjustments; utilization; estimated rig availability; contract duration, status, terms and other contract commitments; customers; rig enhancement projects; new rig commitments; the expected period of time and number of rigs that will be in a shipyard for repairs, maintenance, enhancement or construction; and scheduled delivery dates for new rigs. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including governmental regulatory, legislative and permitting requirements affecting drilling operations; changes in worldwide rig supply and demand, competition and technology; future levels of offshore drilling activity; downtime and other risks associated with offshore rig operations, relocations, severe weather or hurricanes; possible cancellation or suspension of drilling contracts as a result of mechanical difficulties, performance or other reasons; risks inherent to shipyard rig construction, repair, maintenance or enhancement; actual contract commencement dates; environmental or other liabilities, risks or losses; our ability to attract and retain skilled personnel on commercially reasonable terms; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; and the outcome of litigation, legal proceedings, investigations or other claims or contract disputes. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10-Q, which are available on the SEC’s website at www.sec.gov or on the Investor Relations section of our website at www.enscoplc.com. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward looking statements, except as required by law.
