EXHIBIT 99.1
 | Ensco plc |
| Fleet Status Report | |
| 16 November 2012 |
Monthly Changes
Bolded rig names and underlined text signify changes in rig status from previous report.
Segment / Region / Rig | Design | Water Depth' (1) | Customer/ Status | Day Rate $000′s US | Location | Est. Avail / Contract Change | Comments | ||||||
| Deepwater | |||||||||||||
| North & South America (excluding Brazil) | |||||||||||||
| ENSCO DS-3 | Drillship, DP3 Samsung | 10000/12000 | BP | High 480s | U.S. Gulf of Mexico | Jun. 16 | Zero rate for approx. 18 days in 4Q12. Plus cost adjustments | ||||||
| ENSCO DS-5 | Drillship, DP3 Samsung | 10000/12000 | Petrobras | Mid 430s | U.S. Gulf of Mexico | Jul. 16 | 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. 13 | Plus approx. $31,000 per day for lump sum payment of $20 million and one-time reimbursable costs of $27 million amortized over primary contract term. Plus cost adjustments and four 1-year same-rate options | ||||||
| ENSCO 8501 | Semisubmersible DP | 8500/10000 | Nexen/Noble Energy | High 370s | U.S. Gulf of Mexico | Aug. 13 | Currently executing Noble's drilling program. Plus approx. $19,000 per day for mobilization expenses and upgrade costs amortized over primary contract term. Plus cost adjustments and unpriced options | ||||||
| ENSCO 8502 | Semisubmersible DP | 8500/10000 | Nexen/LLOG | Mid 490s | U.S. Gulf of Mexico | Jul. 13 | Assigned to LLOG. Plus approx. $35,000 per day for reimbursable mobilization expenses and upgrade costs amortized over 2-year contract term. Plus cost adjustments | ||||||
| ENSCO 8503 | Semisubmersible DP | 8500/10000 | Cobalt | Mid 540s | U.S. Gulf of Mexico | Jan. 14 | Plus approx. $54,000 per day for reimbursable mobilization expenses and upgrade costs amortized over 2-year contract term | ||||||
| ENSCO 8505 | Semisubmersible DP | 8500/10000 | Anadarko/Apache/ Noble Energy | Low 480s | U.S. Gulf of Mexico | Jul. 14 | Zero rate for ----- approx. 25 days in 4Q12. Plus cost adjustments and two 1-year unpriced options | ||||||
| ENSCO 8506 | Semisubmersible DP | 8500/10000 | Loading Out/ Contracted | U.S. Gulf of Mexico | Jul. 15 | Next to Anadarko for two and one half years, low 530s, with estimated commencement early Jan. 13. Plus cost adjustments | |||||||
| Brazil | |||||||||||||
| ENSCO DS-4 | Drillship, DP3 Samsung | 10000/12000 | BP | Low 550s | Brazil | Jul. 16 | Zero rate for ----- approx. 10 days in 4Q12. Plus cost adjustments | ||||||
| ENSCO 7500 | Semisubmersible DP | 8000 | Petrobras | Low 320s | Brazil | Aug. 14 | Zero rate for approx. 8 days in 4Q12. 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 270s | Brazil | Jun. 13 | Zero rate for approx. 20 days in 4Q12. Eligible for bonus opportunity up to 15%, plus cost adjustments | ||||||
| ENSCO 6002 | Semisubmersible - DP Megathyst | 5700 | Petrobras | Mid 270s | Brazil | Jul. 13 | Eligible for bonus opportunity up to 15%, plus cost adjustments | ||||||
| ENSCO 6003 | Semisubmersible - DP Megathyst | 5700 | Petrobras | Mid 310s | Brazil | Jan. 17 | Eligible for bonus opportunity up to 15%, plus cost adjustments | ||||||
| ENSCO 6004 | Semisubmersible - DP Megathyst | 5700 | Petrobras | Mid 310s | Brazil | Oct. 16 | Eligible for bonus opportunity up to 15%, plus cost adjustments | ||||||
| Europe & Mediterranean | |||||||||||||
| ENSCO 5006 | Semisubmersible - Conv Bingo 8,000 | 6200/7500 | Noble Energy | Mid 280s | Israel | Nov. 13 | -----. Rate increases Feb. 13 to mid 410s | ||||||
| Middle East & Africa | |||||||||||||
| ENSCO DS-1 | Drillship - DP Gusto 10,000 | 6000/10000 | Mobilizing/TOTAL | ----- | Angola | Dec. 15 | In shipyard for upgrade and inspection for approx. 58 days at zero rate in 4Q12. Contracted to TOTAL with estimated commencement late Nov. 12, low 350s. Plus unpriced options and cost adjustments. Eligible for bonus opportunity up to 5% | ||||||
| ENSCO DS-2 | Drillship - DP Gusto 10,000 | 6000/10000 | TOTAL | Low 480s | Angola | Jul. 13 | Zero rate for ----- approx. 12 days in 4Q12. Planned inspection early 3Q13 for approx. 25 days at zero rate. Eligible for bonus opportunity up to 5%, plus cost adjustments | ||||||
| ENSCO DS-6 | Drillship, DP3 Samsung | 10000/12000 | Mobilizing----- | Angola | Feb. 18 | Contracted to BP for five years, low 520s, with estimated commencement mid Feb. 13. Plus approx. $103,000 per day amortized over 5-year contract term for special day rate ahead of mobilization, upgrade costs and estimated reimbursable mobilization expenses. Plus cost adjustments and two 1-year options at mutually agreed rates | |||||||
| ENSCO 5001 | Semisubmersible - Conv Sonat | 5000/6500 | Maersk | Mid 270s | Angola | Nov. 12 | Zero rate for approx. 28 days in 4Q12 for mobilization. Next to PetroSA in South Africa Dec. 12 to Dec. 14, mid 270s. Plus approx. $7,500 per day for reimbursable mobilization expenses amortized over primary contract term to Dec. 14. Plus two 1-well options, low 320s | ||||||
Page 1 of 6
| Ensco plc |
| Fleet Status Report | |
| 16 November 2012 |
Monthly Changes
Bolded rig names and underlined text signify changes in rig status from previous report.
Segment / Region / Rig | Design | Water Depth' (1) | Customer/ Status | Day Rate $000′s US | Location | Est. Avail / Contract Change | Comments | ||||||
| Deepwater | |||||||||||||
| Asia & Pacific Rim | |||||||||||||
| ENSCO 8504 | Semisubmersible DP | 8500/10000 | TOTAL/Shell | Mid 430s | Brunei | Dec. 12 | Sublet to Shell. Plus cost adjustments. -----. Sublet to Petronas Carigali in Brunei to Feb. 13, low 430s | ||||||
| Under Construction | |||||||||||||
| ENSCO DS-7 | Drillship, DP3 Samsung | 10000/12000 | Under construction | South Korea | 3Q13 | ||||||||
| 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 | ||||||||
(1) For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.
Page 2 of 6
| Ensco plc |
| Fleet Status Report | |
| 16 November 2012 |
Segment / Region / Rig | Design | Water Depth' (1) | Customer/ Status | Day Rate $000′s US | Location | Est. Avail / Contract Change | Comments | ||||||
| Midwater | |||||||||||||
| Brazil | |||||||||||||
| ENSCO 5000 | Semisubmersible - Conv Neptune Pentagon | 2300/2650 | Petrobras----- | High 230s | Brazil | Jul. 13 | Eligible for bonus opportunity up to 15%, plus cost adjustments | ||||||
| ENSCO 5002 | Semisubmersible - Conv Aker H-3 | 1000 | OGX | Low 220s | Brazil | Nov. 13 | ----- | ||||||
| ENSCO 5004 | Semisubmersible - Conv F & G Enhanced Pacesetter | 1500 | OGX | Mid 230s | Brazil | Nov. 13 | ----- | ||||||
| ENSCO 6000 | Semisubmersible - DP Amethyst | 3400/4000 | Petrobras | Low 200s | Brazil | Apr. 14 | -----. Currently outfitted for workover activity. Eligible for bonus opportunity up to 18%, plus cost adjustments. Rate increases Apr. 13 to mid 270s | ||||||
| Middle East & Africa | |||||||||||||
| ENSCO 5003 | Semisubmersible - Conv Aker H-3 | 1000 | Warm Stacked | Namibia | |||||||||
| Asia & Pacific Rim | |||||||||||||
| ENSCO 5005 | Semisubmersible - Conv F & G Enhanced Pacesetter | 1500/1700 | Mobilizing----- | ----- | ----- | 2Q13 | -----. Mobilizing to Singapore for planned inspection and shipyard upgrades | ||||||
(1) For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.
Page 3 of 6
| Ensco plc |
| Fleet Status Report | |
| 16 November 2012 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail / Contract Change | Comments | ||||||
| Jackups | |||||||||||||
| North & South America (excluding Brazil) | |||||||||||||
| U.S. Gulf of Mexico | |||||||||||||
| ENSCO 68 | MLT 84-CE | 400 | Chevron | Low 130s | Gulf of Mexico | Jan. 14 | -----. Rate increases Jan. 13 to mid 130s. 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 | Low 130s | Gulf of Mexico | Jan. 13 | Zero rate for approx. 10 days in 4Q12. Plus cost adjustments | ||||||
| ENSCO 81 | MLT 116-C | 350 | Dynamic | Low 90s | Gulf of Mexico | Apr. 13 | ----- | ||||||
| ENSCO 82 | MLT 116-C | 300 | Energy XXI | Low 120s | Gulf of Mexico | Mar. 13 | |||||||
| ENSCO 86 | MLT 82 SD-C | 250 | Ankor | Low 100s | Gulf of Mexico | Apr. 13 | |||||||
| ENSCO 87 | MLT 116-C | 350 | Apache | Mid 110s | Gulf of Mexico | Jul. 13 | Rate increases Jan. 13 to low 120s | ||||||
| ENSCO 90 | MLT 82 SD-C | 250 | Energy XXI | Low 90s | Gulf of Mexico | Jan. 13 | ----- | ||||||
| ENSCO 99 | MLT 82 SD-C | 250 | Energy XXI | Mid 70s | Gulf of Mexico | Jan. 13 | Zero rate for 14 days in 4Q12 | ||||||
| Pride Wisconsin | MLT-Slot | 300 | Cold stacked | Gulf of Mexico | |||||||||
| Mexico | |||||||||||||
| ENSCO 83 | MLT 82 SD-C | 250 | Pemex | Low 110s | Mexico | Dec. 12 | Expect to work until Sep. 16, low 90s. Shipyard inspection for approx. 20 days in 4Q12 and approx. 15 days in 1Q13 at zero rate | ||||||
| ENSCO 89 | MLT 82 SD-C | 250 | -----/Shipyard | ----- | Mexico | Nov. 12 | Expect to work until Nov. 15, low 90s. Shipyard inspection 4Q12 for approx. 30 days at zero rate | ||||||
| ENSCO 93 | MLT 82 SD-C | 250 | -----/Shipyard | ----- | Mexico | Nov. 12 | Expect to work until Jun. 15, low 90s. Shipyard inspection 4Q12 for approx. 35 days at zero rate | ||||||
| ENSCO 98 | MLT 82 SD-C | 250 | -----/Shipyard | ----- | Mexico | Dec. 12 | Expect to work until Aug. 15, low 90s. Shipyard inspection 4Q12 for approx. 48 days at zero rate | ||||||
| Europe | |||||||||||||
| North Sea | |||||||||||||
| ENSCO 70 | Hitachi K1032N | 250 | RWE Dea | High 80s | UK | Nov. 13 | Rate increases Mar. 13 to mid 140s. Plus one 1-well unpriced option | ||||||
| ENSCO 71 | Hitachi K1032N | 225 | Maersk | Low 110s | Denmark | May 13 | In shipyard for upgrade for ----- 19 days in 4Q12 at zero rate. Plus approx. $13,000 per day for reimbursable upgrade cost amortized Oct. 12 to May 13. Plus three 1-year options at escalating day rates and one 1-year at mutually agreed rate | ||||||
| ENSCO 72 | Hitachi K1025N | 225 | Maersk | Low 110s | Denmark | Aug. 13 | -----. Plus approx. $7,000 per day for reimbursable upgrade cost amortized Aug. 12 to Aug. 13. Plus three 1-year options at escalating day rates and one 1-year option at mutually agreed rate | ||||||
| ENSCO 80 | MLT 116-CE | 225 | Perenco | Mid 90s | UK | Mar. 13 | Plus cost adjustments and unpriced options. Next to EOG to Dec. 13, high 90s. Rate increases late Sep. 13 to low 130s and mid Oct. 13 to high 130s. Then to GDF to Dec. 16, high 130s | ||||||
| ENSCO 92 | MLT 116-C | 225 | RWE Dea | High 80s | UK | Apr. 13 | Rate increases Dec. 12 to mid 140s. Plus one 1-well unpriced option. Next to Tullow to Sep. 13, low 130s. Rate increases Jul. 13 to mid 140s. Plus cost adjustments. Then to Bridge to Jan. 14, mid 140s. Plus cost adjustments | ||||||
| ENSCO 100 | MLT 150-88-C | 350 | E.ON | High 150s | UK | Feb. 13 | Planned shipyard inspection 1Q13 for approx. 21 days at zero rate. Next to Ithaca to Sep. 14, low 160s. Plus cost adjustments and two 1-well options | ||||||
| ENSCO 101 | KFELS MOD V-A | 400 | Maersk | Low 200s | UK | Jan. 13 | Plus cost adjustments. Planned shipyard inspection 1Q13 for approx. 25 days at zero rate. Next to Tullow to May 13, mid 210s. Plus cost adjustments. Then to DONG in Denmark to Sep. 13, low 220s. Plus cost adjustments and two 25 day unpriced options. Then to BP in UK to Sep. 14, mid 210s, plus two 6-month unpriced options | ||||||
| ENSCO 102 | KFELS MOD V-A | 400 | ConocoPhillips | Low 200s | UK | Jun. 16 | Planned shipyard inspection early 2Q13 for approx. 25 days at zero rate. Rate firm for 8 wells (est. through Jun. 14) thereafter at mutually agreed rate. Plus cost adjustments and unpriced options | ||||||
Page 4 of 6
| Ensco plc |
| Fleet Status Report | |
| 16 November 2012 |
Segment / Region / Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail / Contract Change | Comments |
| Middle East & Africa | |||||||||||||
| Middle East | |||||||||||||
| ENSCO 54 | F&G L-780 Mod II-C | 300 | -----Bunduq | Mid 90s | UAE | Mar. 13 | Plus cost adjustments. -----. Zero rate for approx. 40 days in 4Q12 while in shipyard. -----. Next to BG in India Apr. 13 to Sep. 13, low 140s. Plus approx. $9,000 per day for mobilization amortized over contract term | ||||||
| ENSCO 58 | F&G L-780 Mod II | 250 | Saudi Aramco | Mid 60s | Saudi Arabia | Jan. 14 | Planned inspection mid 1Q13 for approx. 45 days at zero rate. Plus one 1-year same rate option | ||||||
| ENSCO 76 | MLT Super 116-C | 350 | Saudi Aramco | Low 100s | Saudi Arabia | Jul. 14 | Planned inspection 4Q13 for approx. 20 days at zero rate. Plus one 1-year option, high 150s | ||||||
| ENSCO 84 | MLT 82 SD-C | 250 | Saudi Aramco | Low 60s | Saudi Arabia | Nov. 14 | Planned shipyard upgrade late 3Q13 for approx. 80 days at zero rate. Plus one 1-year option, mid 70s | ||||||
| ENSCO 88 | MLT 82 SD-C | 250 | Ras Gas | Mid 60s | Qatar | Jun. 13 | Rate increases Jan. 13 to low 80s. Next planned shipyard upgrade and mobilization for approx. 120 days at zero rate. Then to Saudi Aramco Oct. 13 to Sep. 16, low 100s | ||||||
| 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 | Ras Gas | Mid 60s | Qatar | Dec. 12 | Next planned shipyard upgrade and mobilization for approx. 120 days at zero rate. Then to Saudi Aramco to Mar. 16, low 100s | ||||||
| ENSCO 96 | Hitachi 250-C | 250 | Saudi Aramco | Low 60s | Saudi Arabia | Nov. 14 | Planned shipyard upgrade mid 2Q13 for approx. 80 days at zero rate. 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. 45 days in 1Q13 and approx. 35 days in 2Q13 at zero rate. Plus one 1-year option, mid 70s | ||||||
| Pride Pennsylvania | MLT | 300 | Cold stacked | Bahrain | |||||||||
| Asia & Pacific Rim | |||||||||||||
| Southeast Asia / Australia | |||||||||||||
| ENSCO 52 | F&G L-780 Mod II-C | 300 | Murphy | High 70s | Malaysia | Apr. 14 | Plus cost adjustments and one 1-year unpriced option. Plus approx. $2,000 per day for upgrade costs amortized Apr. 12 to Apr. 13. Planned shipyard upgrade 1Q/2Q13 for approx. 72 days at zero rate | ||||||
| ENSCO 53 | F&G L-780 Mod II-C | 300 | BC Petroleum | Low 100s | Malaysia | May 13 | |||||||
| ENSCO 56 | F&G L-780 Mod II-C | 300 | Pertamina | Mid 70s | Indonesia | Apr. 13 | Plus one 6-month unpriced option. Planned shipyard time 2Q13 for approx. 64 days at zero rate | ||||||
| ENSCO 67 | MLT 84-CE | 400 | Pertamina | Low 100s | Indonesia | Jan. 13 | Plus one 8-month unpriced option | ||||||
| ENSCO 85 | MLT 116-C | 300 | Pearl (Mubadala) | High 110s | Thailand | Dec. 12 | Plus cost adjustments. Then to Pertamina in Indonesia to Jan. 14, mid 130s. 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 | Apache | Low 190s | Australia | May 13 | Plus cost adjustments | ||||||
| ENSCO 105 | KFELS MOD V-B | 400 | Newfield | Low 150s | Malaysia | Nov. 12 | Plus approx. $78,000 per day for mobilization amortized Sep. and Oct. 12. Planned shipyard time for approx. 45 days in 4Q12 and approx. 25 days in 1Q13 at zero rate. Next expect to work to Jan. 14, low 150s, plus one 1-year unpriced option | ||||||
| ENSCO 106 | KFELS MOD V-B | 400 | Newfield | High 130s | Malaysia | Oct. 13 | Plus cost adjustments. -----. ----- | ||||||
| ENSCO 107 | KFELS MOD V-B | 400 | Thang Long JOC (PV Drilling) | High 140s | Vietnam | Jan. 13 | Plus approx. $8,000 per day for mobilization amortized Aug. 12 to Jan. 13. Plus cost adjustments and one 1-well 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 | Low 180s | Australia | Apr. 13 | Plus approx. $5,000 per day for mobilization amortized mid Aug. 12 to Mar. 13. Next expect to work to Dec. 13, high 180s | ||||||
| Under Construction | |||||||||||||
| ENSCO 120 | KFELS Super A | 400 | Under construction/ contracted | Singapore | 2Q13 | Contracted to Nexen in the UK from 4Q13 to Mar. 15, low 230s. Plus cost adjustments and eleven 1-well options, mid 250s. Mob fee of $7.5 million to be amortized over primary contract term | |||||||
| ENSCO 121 | KFELS Super A | 400 | Under construction | Singapore | 4Q13 | ||||||||
| ENSCO 122 | KFELS Super A | 400 | Under construction | Singapore | 3Q14 | ||||||||
Page 5 of 6
| Ensco plc |
| Fleet Status Report | |
| 16 November 2012 |
| Rig | Design | Water Depth' | Customer/ Status | Day Rate $000′s US | Location | Est. Avail / Contract Change | Comments | ||||||
Other | |||||||||||||
| 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 | ||||||
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, which may not yet be completed 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 | ||||||
| ENSCO DS-2 | Pride Angola | ENSCO 6001 | Pride Carlos Walter | ENSCO 5003 | Pride South Seas | ||||||
| ENSCO DS-3 | Deep Ocean Ascension | ENSCO 6002 | Pride Brazil | ENSCO 5004 | Pride Venezuela | ||||||
| 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.
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