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8-K Filing
Valaris Limited (VAL) 8-KRegulation FD Disclosure
Filed: 17 Jun 14, 12:00am
![]() | Ensco plc Fleet Status Report 17 June 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 | Low 500s | U.S. Gulf of Mexico | Jun. 16 | Plus cost adjustments | |||||||
ENSCO DS-4 | Drillship, DP3 Samsung | 10000/12000 | BP | Mid 560s | U.S. Gulf of Mexico | Jul. 16 | 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. 34 days in 2Q14. Assigned to Repsol for 1 well. Eligible for bonus opportunity up to 17%, plus cost adjustments | |||||||
ENSCO 8500 | Semisubmersible DP | 8500/10000 | Anadarko/Eni | High 310s | U.S. Gulf of Mexico | Sep. 15 | Inspection for approx. 23 days in 2Q14. Plus cost adjustments and two 1-year same-rate options | |||||||
ENSCO 8501 | Semisubmersible DP | 8500/10000 | Noble Energy | Mid 530s | U.S. Gulf of Mexico | Aug. 14 | Planned inspection for approx. 14 days in 3Q14. Plus cost adjustments | |||||||
ENSCO 8502 | Semisubmersible DP | 8500/10000 | -----Talos | Low 530s | U.S. Gulf of Mexico | Nov. 14 | -----. Plus one 1-well unpriced option | |||||||
ENSCO 8503 | Semisubmersible DP | 8500/10000 | ----- | ----- | U.S. Gulf of Mexico | Aug. 14 | -----. Next to LLOG for 1 well (est. Jul. 14 to Aug. 14), mid 370s. Plus two 1-well options | |||||||
ENSCO 8505 | Semisubmersible DP | 8500/10000 | Anadarko/Apache/ Noble Energy | Mid 490s | U.S. Gulf of Mexico | 2Q15 | Plus cost adjustments. Estimate current customers' drilling programs end in 4Q14. Next to Deep Gulf Energy for 1 well (est. 4Q14 to 2Q15), mid 370s | |||||||
ENSCO 8506 | Semisubmersible DP | 8500/10000 | Anadarko | High 540s | U.S. Gulf of Mexico | Jul. 15 | Plus cost adjustments |
![]() | Ensco plc Fleet Status Report 17 June 2014 |
Segment / Region / Rig | Design | Water Depth'(1) | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(2) | Comments | |||||||
Floaters | ||||||||||||||
Brazil | ||||||||||||||
ENSCO 7500 | Semisubmersible DP | 8000 | Petrobras/Preparing to Mobilize | Brazil | Aug. 14 | -----. To be mobilized to Spain | ||||||||
ENSCO 6001 | Semisubmersible - DP Megathyst | 5700 | Petrobras | Mid 370s | Brazil | Jun. 18 | Zero rate for approx. 20 days in 2Q14. Mid 250s day rate during planned shipyard upgrade for approx. 65 days in 3Q14. 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. 15 days in 2Q14. Low 170s day rate during planned shipyard upgrade for approx. 65 days in 4Q14. 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 | 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 plc Fleet Status Report 17 June 2014 |
Segment / Region / Rig | Design | Water Depth'(1) | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(2) | Comments | |||||||
Floaters | ||||||||||||||
Europe & Mediterranean | ||||||||||||||
ENSCO 5004 | Semisubmersible - Conv F & G Enhanced Pacesetter | 1500 | Shipyard/ 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 | ||||||||
ENSCO 6000 | Semisubmersible - DP Amethyst | 3400/4000 | -----Shipyard | -----Spain | Rig undergoing preparations for stacking | |||||||||
Africa | ||||||||||||||
ENSCO DS-1 | Drillship - DP Gusto 10,000 | 6000/10000 | TOTAL | High 350s | Angola | Jan. 16 | 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 | Nov. 14 | ----- | |||||||
ENSCO DS-6 | Drillship, DP3 Samsung | 10000/12000 | BP | High 540s | 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 630s | 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 | High 280s | South Africa | Feb. 15 | Planned inspection for approx. 30 days in 3Q14. 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 17 June 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 | Low 560s | Malaysia | May 15 | Plus cost adjustments -----. Plus approx. $8,000 per day for mobilization amortized Jul.13 to May 15 | |||||||
ENSCO 5006 | Semisubmersible - Conv Bingo 8,000 | 6200/7500 | Inpex/ Shipyard | Singapore | Mar. 18 | Shipyard upgrades 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 approx. $210,000 per day amortized over the duration of the drilling program for capital upgrades and day rates during shipyard stay and mobilizations | ||||||||
ENSCO 5005 | Semisubmersible - Conv F & G Enhanced Pacesetter | 1500 | Shipyard/ Contracted | Singapore | Jul. 15 | Inspection and shipyard upgrades. Then to PTTEP in Myanmar for 10 wells (est. Jul. 14 to Jul. 15), low 230s. Plus one option for up to 2 wells | ||||||||
ENSCO 5002 | Semisubmersible - Conv Aker H-3 | 1000 | Warm Stacked | Singapore | ||||||||||
Under Construction | ||||||||||||||
ENSCO DS-8 | Drillship, DP3 Samsung GF12000 | 10000/12000 | Under construction/ Contracted | South Korea | 3Q20 | Contracted to Total in Angola from 3Q15 to 3Q20, initially high 610s. Plus periodic rate increases resulting in mid 650s average rate over drilling program. Plus mob fee of approx. $26 million to be amortized over primary contract term and one 1-year priced option | ||||||||
ENSCO DS-9 | Drillship, DP3 Samsung GF12000 | 10000/12000 | Under construction/ Contracted | South Korea | 3Q18 | Contracted to ConocoPhillips in U.S. Gulf of Mexico from 3Q15 to 3Q18, low 550s. Plus mob fee of approx. $32 million to be amortized over primary contract term. Plus cost adjustments and two 1-year unpriced options | ||||||||
ENSCO DS-10 | Drillship, DP3 Samsung GF12000 | 10000/12000 | Under construction | South Korea | 3Q15 |
![]() | Ensco plc Fleet Status Report 17 June 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 | Planned inspection for approx. 15 days in 4Q14. Day rate does not include certain extra reimbursable costs | |||||||
ENSCO 75 | MLT Super 116-C | 400 | -----Tarpon | Low 130s | Gulf of Mexico | Sep. 14 | Plus cost adjustments. Then to Renaissance for 2 wells (est. late Jun. 14 to mid Sep. 14), low 130s | |||||||
ENSCO 81 | MLT 116-C | 350 | Chevron | Mid 140s | Gulf of Mexico | Jan. 15 | Planned inspection for approx. 14 days in 3Q14 | |||||||
ENSCO 82 | MLT 116-C | 300 | Energy XXI | Low 140s | Gulf of Mexico | Sep. 14 | Plus cost adjustments | |||||||
ENSCO 86 | MLT 82 SD-C | 250 | ExxonMobil | Mid 120s | Gulf of Mexico | Jul. 14 | ||||||||
ENSCO 87 | MLT 116-C | 350 | Fieldwood | High 140s | Gulf of Mexico | Jan. 15 | Planned inspection for approx. 10 days in 2Q14 | |||||||
ENSCO 90 | MLT 82 SD-C | 250 | Talos | High 120s | Gulf of Mexico | Jul. 14 | ||||||||
ENSCO 99 | MLT 82 SD-C | 250 | Energy XXI | Mid 120s | Gulf of Mexico | Oct. 14 | Planned maintenance for approx. 14 days in 3Q14. Plus one 1-well option | |||||||
Mexico | ||||||||||||||
ENSCO 83 | MLT 82 SD-C | 250 | Pemex | Low 90s | Mexico | Oct. 16 | Zero rate for approx. 11 days in 2Q14 | |||||||
ENSCO 89 | MLT 82 SD-C | 250 | Pemex | Low 90s | Mexico | Nov. 15 | ||||||||
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 | Planned inspection for approx. 10 days in 3Q14 |
![]() | Ensco plc Fleet Status Report 17 June 2014 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(1) | Comments | |||||||
Jackups | ||||||||||||||
Europe | ||||||||||||||
ENSCO 70 | Hitachi K1032N | 250 | RWE Dea | Mid 140s | UK | Jan. 17 | Shipyard upgrade and inspection for approx. 38 days in 2Q14. Rate increases mid Jun. 14 to low 170s, then mid 140s mid Oct. 14 to Jan. 15. Planned shipyard upgrade for approx. 30 days in 1Q15. Then to Maersk in Denmark to Jan. 17, low 160s. Plus approx. $18,000 per day for capital upgrades amortized Jan. 15 to Jan. 17. Plus cost adjustments and three 1-year unpriced options | |||||||
ENSCO 71 | Hitachi K1032N | 225 | Maersk | Low 170s | Denmark | May 15 | Plus one 1-year priced option and one 1-year option at mutually agreed rate | |||||||
ENSCO 72 | Hitachi K1025N | 225 | Maersk | Low 140s | Denmark | Sep. 15 | Planned inspection for approx. 20 days in 2Q14. Rate increases Sep. 14 to low 170s. Plus one 1-year option and one 1-year option at mutually agreed rate | |||||||
ENSCO 80 | MLT 116-CE | 225 | GDF | Low 140s | Netherlands | Apr. 17 | Inspection for approx. 20 days in 2Q14. Plus cost adjustments and unpriced option | |||||||
ENSCO 92 | MLT 116-C | 225 | -----ConocoPhillips | Mid 160s | UK | Aug. 15 | Inspection for approx. 38 days in 2Q14. -----. Plus cost adjustments | |||||||
ENSCO 100 | MLT 150-88-C | 350 | Ithaca | Mid 160s | UK | 3Q18 | Plus cost adjustments and two 1-well options. Then to Premier in UK in direct continuation 3Q15 to 3Q18, mid 180s | |||||||
ENSCO 101 | KFELS MOD V-A | 400 | BP | High 210s | 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 | Planned maintenance for approx. 10 days in 2Q14. 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 | Mid 230s | UK | Nov. 15 | Plus approx. $13,000 per day for mobilization amortized Mar. 14 to Nov. 15. Plus cost adjustments and eleven 1-well options | |||||||
ENSCO 121 | ENSCO 120 Series | 400 | -----Wintershall | Low 230s | -----Denmark | Jun. 16 | -----. Plus approx. $11,000 per day for mobilization amortized Jun. 14 to Jun. 16. Plus one 1-year unpriced option |
![]() | Ensco plc Fleet Status Report 17 June 2014 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(1) | Comments | |||||||
Jackups | ||||||||||||||
Middle East | ||||||||||||||
ENSCO 53 | F&G L-780 Mod II-C | 300 | NDC | Low 100s | UAE | Feb. 16 | Plus two 1-year unpriced options | |||||||
ENSCO 54 | F&G L-780 Mod II-C | 300 | Shipyard | UAE | Sep. 17 | In shipyard for capital upgrades. Then to Saudi Aramco Sep. 14 to Sep. 17, mid 110s. Plus approx. $39,000 per day for upgrade costs and mobilization amortized Sep. 14 to Sep. 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 | Nov. 14 | Planned inspection for approx. 21 days in 4Q14. Plus one 1-year option, high 150s | |||||||
ENSCO 84 | MLT 82 SD-C | 250 | Saudi Aramco | Low 60s | Saudi Arabia | Mar. 16 | Rate increases Mar. 15 to 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 | Jan. 15 | Planned inspection for approx. 21 days in 1Q15. 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 | Feb. 16 | Shipyard upgrade for approx. 36 days in 2Q14. Rate increases Feb. 15 to mid 70s | |||||||
ENSCO 97 | MLT 82 SD-C | 250 | Saudi Aramco | Low 60s | Saudi Arabia | Feb. 16 | Shipyard upgrade for approx. 72 days in 2Q14. Rate increases Feb. 15 to mid 70s |
![]() | Ensco plc Fleet Status Report 17 June 2014 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(1) | Comments | |||||||
Jackups | ||||||||||||||
Asia & Pacific Rim | ||||||||||||||
ENSCO 52 | F&G L-780 Mod II-C | 300 | Murphy | Mid 80s | Malaysia | Sep. 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 104 | KFELS MOD V-B | 400 | -----Shipyard | ----- | -----Singapore | Jun. 14 | In shipyard for planned inspection and maintenance | |||||||
ENSCO 105 | KFELS MOD V-B | 400 | Shell | Low 160s | Malaysia | Jun. 15 | Plus approx. $3,000 per day for mobilization amortized Nov. 13 to Nov. 14. Plus cost adjustments ----- and one 1-year priced option | |||||||
ENSCO 106 | KFELS MOD V-B | 400 | SapuraKencana | High 150s | Malaysia | Oct. 14 | Plus cost adjustments. -----. Next planned inspection and upgrade for approx. 50 days in 4Q14 | |||||||
ENSCO 107 | KFELS MOD V-B | 400 | OMV | High 230s | New Zealand | Feb. 15 | Plus approx. $59,000 per day for contract preparations and mobilization to be amortized Mar. 14 to Feb. 15. Plus cost adjustments and one unpriced option up to 90 days | |||||||
ENSCO 108 | KFELS MOD V-B | 400 | PTTEP | High 150s | Thailand | Apr. 17 | Planned inspection and upgrades for approx. 10 days in 2Q14. Plus cost adjustments and one 1-year priced option | |||||||
ENSCO 109 | KFELS MOD V-Super B | 350 | Hoang Long | Low 170s | Vietnam | Sep. 14 | ----- |
![]() | Ensco plc Fleet Status Report 17 June 2014 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail(1) | Comments | |||||||
Jackups | ||||||||||||||
Under Construction | ||||||||||||||
ENSCO 140 | ENSCO 140 Series | 340/400 | Under construction | UAE | 2Q16 | |||||||||
ENSCO 141 | ENSCO 140 Series | 340/400 | Under construction | UAE | 3Q16 | |||||||||
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 mob fee of approx. $10 million to be amortized over primary contract term. Plus cost adjustments and two 1-year unpriced options | ||||||||
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 17 June 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 | High 60s | U.S. Gulf of Mexico | Jan. 15 | Plus one 1-year priced option, plus cost adjustments |