UK: Ensco Plc Announces a Sale of Jackup Drilling Rig

Ensco plc announced today that a subsidiary of the Company has sold ENSCO 57, a F&G L-780 MOD II-C design jackup drilling rig built in the early 1980s.

The sale price was approximately $47 million. As of 31 March 2010, the net book value for ENSCO 57 was approximately $30 million. The rig will be reclassified as discontinued operations on Ensco’s financial statements as of second quarter 2010.

Chief Financial Officer Jay Swent commented, “The sale of ENSCO 57, along with two other jackup rigs earlier this year, is part of our long-established strategy of high-grading our fleet by investing in newer equipment and divesting selected assets. Ensco continues to have the second largest fleet of premium jackup rigs in the world.”

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.

SourceEnscoplc,April 26, 2010

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

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