Rig | | Design | | Water Depth' | | Customer/ Status | | Day Rate $000′s US | | Location | | Est. Avail / Contract Change | Comments |
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Other | | | | | | | | | | | | | |
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Deepwater Drilling Management | | | | | | | | | | | |
Kizomba | | Deepwater TLP Drilling Rig | | 5000 | | ExxonMobil | | Mid 40s | | Angola | | Feb. 15 | Currently reduced crew. Rate increases Jan. 13 to mid 80s with full crew complement |
Thunderhorse | | Deepwater Semisubmersible | | 6000 | | BP | | Mid 90s | | U.S. Gulf of Mexico | | Jan. 13 | Plus four 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 |
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Barge Rig | | | | | | | | | | | |
ENSCO I | | Barge Rig | | | | Cold stacked | | | | Singapore | | | |
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.
Rig Names. We are in the process of completing name changes on some of our rigs, some of which may not be completed for some time. For the purpose of our Fleet Status Report, we are using the new names even when the name change has not been completed. Below is a legend showing the name changes.
Legend of rig names changing
ENSCO DS-1 | Pride Africa | ENSCO 6000 | Pride South America | ENSCO 5002 | Pride Sea Explorer | Pride Hawaii | Pride Hawaii |
ENSCO DS-2 | Pride Angola | ENSCO 6001 | Pride Carlos Walter | ENSCO 5003 | Pride South Seas | Pride Pennsylvania | Pride Pennsylvania |
ENSCO DS-3 | Deep Ocean Ascension | ENSCO 6002 | Pride Brazil | ENSCO 5004 | Pride Venezuela | Pride Wisconsin | Pride Wisconsin |
ENSCO DS-4 | Deep Ocean Clarion | ENSCO 6003 | Pride Rio de Janeiro | ENSCO 5005 | Pride South Atlantic | | |
ENSCO DS-5 | Deep Ocean Mendocino | ENSCO 6004 | Pride Portland | ENSCO 5006 | Pride North America | | |
ENSCO DS-6 | Deep Ocean Molokai | ENSCO 5000 | Pride Mexico | ENSCO 58 | Pride North Dakota | | |
ENSCO DS-7 | Deep Ocean Marquesas | ENSCO 5001 | Pride South Pacific | ENSCO 91 | Pride Montana | | |
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.