Valiant Driller (Dynamic Drilling Holdco Pte. Ltd.) (Jackup)

Ensco plc Sells Jackup Rig ENSCO 85 for US$64 Million

Return to news list

25 April 2014

Ensco plc (Ensco) today sold ‘ENSCO 85’, a jackup rig built in 1981, for US$64 million. The net book value of the rig was approximately US$54 million. The pre-tax gain on this sale was approximately US$10 million, which will be included in second quarter 2014 operating results. The purchaser of the ‘ENSCO 85’ was not released by the company. This sale now means that Ensco have sold three jackup rigs so far in 2014, following on from the earlier sales of the ‘Pride Wisconsin’ and ‘ENSCO 69’ units and have also recently ordered two ENSCO 140 series jackups. The company has done so in order to continue to upgrade its operational fleet and maintain its position as one of the world’s leading drilling contractors. Since the beginning of 2010, Ensco has sold 14 rigs generating pre-tax gains of approximately US$90 million. During the same period, Ensco has taken delivery of 12 high-performance rigs, including five Samsung DP3 ultra-deepwater drillships, five ENSCO 8500 Series® ultra-deepwater semisubmersibles and two ENSCO 120 Series ultra-premium harsh environment jackups. Ensco has eight additional rigs under construction - five premium jackups and three ultra-deepwater drillships.


More News for Operator: Dynamic Drilling Holdco Pte. Ltd.

Sorry , No other news for operator Return to news list