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8-K Filing
Valaris Limited (VAL) 8-KRegulation FD Disclosure
Filed: 16 Jan 14, 12:00am
![]() | Ensco plc Fleet Status Report 16 January 2014 |
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. 7 days in 4Q13. Plus cost adjustments | |||||||
ENSCO DS-5 | Drillship, DP3 Samsung | 10000/12000 | Petrobras/Repsol | High 430s | U.S. Gulf of Mexico | Jul. 16 | Zero rate for approx. 13 days in 4Q13. Assigned to Repsol for 1-well. 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. 14 days in 2Q14. 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. 14 days in 3Q14. Plus cost adjustments and three 1-year unpriced options | |||||||
ENSCO 8502 | Semisubmersible DP | 8500/10000 | -----Stone | Low 530s | U.S. Gulf of Mexico | 1Q15 | Zero rate for approx. 14 days in 4Q13. -----. Current contract extends through Jul. 14. Then expect to work Aug. 14 to 1Q15 | |||||||
ENSCO 8503 | Semisubmersible DP | 8500/10000 | ----- | ----- | U.S. Gulf of Mexico | Jan. 14 | -----. -----. Zero rate for approx. 85 days in 1Q14. Then to Marathon Apr. 14 to mid May 14, mid 490s. Plus one 1-well option, low 530s | |||||||
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 |
![]() | Ensco plc Fleet Status Report 16 January 2014 |
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 | ----- | Brazil | Aug. 14 | Zero rate for approx. 39 days in 4Q13. Based upon mutual agreement with the customer, zero rate beginning in Jan. 14 for the remainder of the contract term. We are exploring other opportunities with the customer. Plus approx. $20,000 per day for mobilization revenue and expenses amortized Jan. 12 to Aug. 14 | |||||||
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 2H14. 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. 11 days in 4Q13. Low 170s day rate during planned shipyard upgrade for approx. 65 days in 2H14. 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 and approx. 23 days in 1Q14. 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. 18 days in 4Q13 and approx. 17 days in 1Q14. Eligible for bonus opportunity up to 15%, plus cost adjustments | |||||||
ENSCO 6000 | Semisubmersible - DP Amethyst | 3400/4000 | Petrobras | Mid 270s | Brazil | Apr. 14 | Currently outfitted for workover activity |
![]() | Ensco plc Fleet Status Report 16 January 2014 |
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 | -----Inpex/Mobilizing | ----- | -----Cyprus/Singapore | Jan. 18 | Mobilize to Singapore shipyard in mid Jan. 14 under contract 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 | |||||||
ENSCO 5004 | Semisubmersible - Conv F & G Enhanced Pacesetter | 1500 | -----Contract Preparations | Malta | Dec. 16 | -----. Next to Mellitah from Jul. 14 to Dec. 16, initial rate low 300s at commencement. Plus periodic rate increases resulting in mid 310s average rate over contract. Plus approx. $17,000 per day for mobilization amortized over primary contract term | ||||||||
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 | TOTAL | Mid 610s | Angola | Nov. 16 | -----. Plus periodic rate increases resulting in high 640s average rate over three-year contract. Plus approx. $28,000 per day amortized Nov. 13 to Nov. 16 for mobilization | |||||||
ENSCO 5001 | Semisubmersible - Conv Sonat | 5000/6500 | PetroSA | Mid 280s | South Africa | Feb. 15 | Zero rate for approx. 45 days in 4Q13. Plus approx. $7,500 per day for reimbursable mobilization expenses amortized Jan. 13 to Feb. 15. Plus two 1-well options, low 320s | |||||||
ENSCO 5000 | Semisubmersible - Conv Neptune Pentagon | 2300/2650 | -----Warm Stacked | South Africa | ----- |
![]() | Ensco plc Fleet Status Report 16 January 2014 |
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/TOTAL | Mid 550s | Malaysia | May 15 | Assigned to TOTAL for 1-well. 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 | Shipyard | Singapore | 2Q14 | Inspection and shipyard upgrades | ||||||||
ENSCO 5002 | Semisubmersible - Conv Aker H-3 | 1000 | Mobilizing | Mar. 14 | Mobilizing to Vietnam | |||||||||
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 | 3Q18 | Expect to work in U.S. Gulf of Mexico from 3Q15 to 3Q18, low 550s. Plus cost adjustments and two 1-year unpriced options. Mob fee of approx. $32 million to be amortized over primary contract term | ||||||||
ENSCO DS-10 | Drillship, DP3 Samsung GF12000 | 10000/12000 | Under construction | South Korea | 3Q15 |
![]() | Ensco plc Fleet Status Report 16 January 2014 |
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 140s | Gulf of Mexico | Jan. 15 | Zero rate for approx. 15 days in 2Q14. 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 | Fieldwood | High 130s | Gulf of Mexico | Feb. 14 | Zero rate for approx. 12 days in late Jan. 14 for planned survey and maintenance following current contract. Plus cost adjustments. Then rate increases late Jan. 14 to mid 150s | |||||||
ENSCO 81 | MLT 116-C | 350 | Stone | High 130s | Gulf of Mexico | Jan. 15 | Next to Chevron Feb. 14 to Jan. 15, mid 140s. Planned inspection for approx. 14 days in 3Q14 | |||||||
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 | Mid 120s | Gulf of Mexico | Jun. 14 | Expect to work from late Jan. 14 to Jun. 14, mid 120s | |||||||
ENSCO 87 | MLT 116-C | 350 | Fieldwood | High 140s | Gulf of Mexico | Jan. 15 | ----- | |||||||
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 | ||||||||||
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 | ||||||||
ENSCO 98 | MLT 82 SD-C | 250 | Pemex | Low 90s | Mexico | Aug. 15 |
![]() | Ensco plc Fleet Status Report 16 January 2014 |
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 | -----Mobilizing/Shipyard | ----- | UK | Oct. 16 | Planned shipyard upgrade and inspection for approx. 75 days in 1Q14 and approx. 15 days in 2Q14. Then to RWE Dea Apr. 14 to Oct. 14, low 160s. -----. Then to Maersk in Denmark to Oct. 16, low 160s. 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 option 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 | Low 130s | UK | Mar. 17 | -----. Plus cost adjustments. Next planned inspection for approx. 30 days in 1Q14. Then to GDF mid Mar. 14 to mid Mar. 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. late Jan. 14 to Jul. 14, high 140s. Planned inspection for approx. 38 days in 3Q14. Then to ConocoPhillips in UK mid Aug. 14 to mid 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 | Dec. 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 | -----Nexen/Waiting on Weather | UK | Sep. 15 | Contracted to Nexen with operations scheduled from late Jan. 14 to Sep. 15, initial rate low 230s. Rate increases Apr. 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 | ||||||||
ENSCO 121 | ENSCO 120 Series | 400 | ----Delivered/Mobilizing | Singapore/UK | 2Q16 | Contracted to Wintershall 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 plc Fleet Status Report 16 January 2014 |
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 53 | F&G L-780 Mod II-C | 300 | Shipyard | Abu Dhabi | Feb. 16 | Next to NDC Feb. 14 to Feb. 16, low 100s. Plus two 1-year unpriced options | ||||||||
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. 15 | ----- | |||||||
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 | Planned shipyard upgrade and mobilization for approx. 45 days in 4Q13. 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. 70 days in 1Q14 and approx. 10 days in 2Q14. 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 16 January 2014 |
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 ----- | |||||||
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 | Mar. 14 | Zero rate for approx. 12 days in 4Q13. 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 220s | 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 | Mid 160s | Malaysia | Nov. 14 | Plus approx. $3,000 per day for mobilization amortized Nov. 13 to Nov. 14. Plus cost adjustments and one 6-month priced option and one 1-year priced option | |||||||
ENSCO 106 | KFELS MOD V-B | 400 | Newfield | High 150s | Malaysia | Oct. 14 | Plus cost adjustments. Plus two 6-month unpriced options | |||||||
ENSCO 107 | KFELS MOD V-B | 400 | Mitra/ENI | Low 170s | Vietnam | Feb. 15 | Zero rate for approx. 11 days in 4Q13. Assigned to ENI. Back to Mitra Energy from mid Jan. 14 to mid Feb. 14, low 170s. Then contract preparations and mobilization for approx. 56 days in 1Q/2Q14 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 | Sep. 14 | -----. Mobilize to Vietnam in Feb. 14 for planned inspection. Then to Hoang Long Apr. 14 to Sep. 14, low 170s. Plus one 90-day priced option |
![]() | Ensco plc Fleet Status Report 16 January 2014 |
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 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 |
![]() | Ensco plc Fleet Status Report 16 January 2014 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(1) | Comments | |||||||
Other | ||||||||||||||
Deepwater Drilling Management | ||||||||||||||
Thunder Horse | Deepwater Semisubmersible | 6000 | BP | Low 100s | U.S. Gulf of Mexico | Jan. 15 | Plus two 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 |