Ensco Secures Jobs for Three Drillships

Ensco has been awarded three drillship contracts offshore West Africa, representing an aggregate three years of contracted term and more than six additional years of options.

ENSCO DS-4 is expected to start a two-year contract with Chevron offshore Nigeria in August 2017. The contract also includes option for one additional year of work. Ensco recently reactivated the rig following a period during which the rig was preservation stacked in Tenerife.

ENSCO DS-10 is scheduled to begin work with Shell offshore Nigeria in first quarter 2018. The contract duration is for one year with five one-year options. As a result of winning this contract, the rig’s delivery is expected to be accelerated into third quarter 2017 from first quarter 2019. ENSCO DS-10 will then undergo a period of acceptance testing before mobilizing to Nigeria to begin its maiden contract.

ENSCO DS-7 is contracted to Total until November 2017. Since November 2016, the rig has been idle in Tenerife earning a standby rate following early termination of its original contract for customer convenience. ENSCO DS-7 is now scheduled to mobilize to Ivory Coast to drill one well beginning in August 2017 that is expected to take 60 days to complete. Additionally, Total has a priced option for one further well.

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