Ensco sells offshore jackup rig ENSCO 85

Ensco plc has sold ENSCO 85, a jackup rig built in 1981, for $64 million.

Offshore staff

LONDONEnsco plc (NYSE: ESV) has sold ENSCO 85, a jackup rig built in 1981, for $64 million. The net book value of the rig was $54 million. The pre-tax gain on this sale was $10 million, which will be included in 2Q 2014 operating results.

Year to date, Ensco has sold three jackup rigs and has recently ordered two ENSCO 140 Series jackups.

Since the beginning of 2010, Ensco has sold 14 rigs generating pre-tax gains of $90 million. During the same period, Ensco has taken delivery of 12 high-performance rigs, including five Samsung DP-3 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.

04/25/2014

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