Ensco bags new deals in Gulf of Mexico. Gets early cancellation from Marubeni

  • Exploration & Production

Offshore drilling contractor Ensco has received several contract awards and an early contract termination in the U.S. Gulf of Mexico. 

According to the drilling’s contractor’s latest fleet status report, Marubeni Corporation has exercised its right to early terminate the contract for the semi-submersible drilling rig Ensco 8505 effective August 2016.

The rig, built in 2012, started its contract with Marubeni in the U.S. Gulf of Mexico in late 2015 and the contract was supposed to last until January 2018.

When it comes to contract awards, Ensco’s 2012-built semi-sub Ensco 8506 has been contracted to Deep Gulf Energy from September 2016 to mid-January 2017 with an undisclosed rate.

Further, the 1999-built jack-up drilling rig Ensco 75 has been contracted to Talos in the U.S. Gulf of Mexico from mid-July until September 2016 with low 40s dayrate. After that, from November to December 2016, the rig has been contracted to Rooster, also with low 40s dayrate.

Ensco has also been awarded a contract in the Gulf of Mexico for the 1982-built jack-up Ensco 87 with Castex. The contract is from September until October 2016, and a dayrate is in a low 50s range.

In addition to the Gulf of Mexico contracts, Ensco has been awarded work in Australia and Indonesia. Namely, Inpex has extended the term for the semi-sub Ensco 5006 by approx. 15 months with rate decreasing to mid 350s from July 2016 to September 2019. The rig is working offshore Australia.

Also, the drilling contractor has received a letter of award from an unnamed client for the 1976-built jack-up rig Ensco 67. The rig is expected to work in Indonesia from December 2016 until October 2017.

Offshore Energy Today reported earlier on Tuesday that Ensco sold six of its drilling rigs for scrap value including semi-subs, drillships, and jack-ups.

Offshore Energy Today Staff

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