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Ensco sells jack-up rig for USD 64m

25th April 2014

Since the beginning of 2010, London-registered Ensco has sold 14 rigs generating pre-tax gains of approximately USD 90m

Ensco sells jack-up rig for USD 64m
Ensco has eight additional rigs under construction - five premium jack-ups and three ultra-deepwater drillships - that reinforce its commitment to standardisation

Ensco has sold ENSCO 85, a jack-up rig built in 1981, for USD 64m. The net book value of the rig was approximately USD 54m. The pre-tax gain on this sale was approximately USD 10m, which will be included in second quarter 2014 operating results.

“Year to date, we have sold three jack-up rigs and recently we ordered two ENSCO 140 Series jack-ups,” said executive vice president and chief financial officer Jay Swent. “Continuous high-grading keeps us at the forefront of industry technology and we continue to have the largest premium jack-up fleet in the world.”

Since the beginning of 2010, Ensco has sold 14 rigs generating pre-tax gains of approximately USD 90m. 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 jack-ups. Ensco has eight additional rigs under construction - five premium jack-ups and three ultra-deepwater drillships - that reinforce its commitment to standardisation.

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