UK: Ensco plc Acquires High-Specification Jackup Rig for $186 million

Ensco plc announced that a subsidiary of the Company has purchased Diamond Offshore’s Ocean Shield jackup drilling rig, a KFELS Super B Class design, delivered in 2008. The rig will be renamed ENSCO 109.

The unique design includes two million pound hoisting capacity, a 15,000 psi high-pressure BOP and nearly 5,000 bbls of liquid mud capacity that make ENSCO 109 ideally suited to drill deep gas wells – a high growth area in the premium jackup market. The design also permits drilling in water depths up to 350′ to a total depth of 35,000′. Industry-wide, all of the KFELS Super B Class jackups are contracted.

Chairman, President and CEO Dan Rabun stated, “The Middle East and Southeast Asia, in particular, are regions where we believe customers will require more high-spec, deep-gas jackup rigs. ENSCO 109 will address this growing need and is expected to command higher day rates than standard duty jackups.”

Mr. Rabun added, “Purchasing ENSCO 109 is part of our long-established strategy of high-grading our fleet by investing in newer equipment. We will continue to look for opportunities to acquire premium offshore rigs that can generate favourable returns for our shareholders.”

ENSCO 109 was purchased with available cash for approximately $186 million. The Company will assume the current drilling contract for the rig with Apache Corp. in Australia that extends through May 2011.

The rig was built in Keppel FELS shipyard in Singapore where Ensco’s four remaining ENSCO 8500 Series(R) ultra-deepwater semisubmersible drilling rigs are being constructed.

Ensco plc brings energy to the world as a global provider of offshore drilling services to the petroleum industry. With a fleet of ultra-deepwater semisubmersible and premium jackup drilling rigs, Ensco serves customers with high-quality equipment, a well-trained workforce and a strong record of safety and reliability. Ensco plc (England No. 7023598) has its registered office and global headquarters located at 6 Chesterfield Gardens, London, W1J 5BQ.

Source: Ensco,July 8, 2010

Share this article

Follow Offshore Energy Today

2 thoughts on “UK: Ensco plc Acquires High-Specification Jackup Rig for $186 million”

  1. Pingback: Oil Spill News

Comments are closed.

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply