Ensco sells two jackup rigs for $33 million

Ensco plc has sold its two remaining cold-stacked jackup rigs for $33 million.

Offshore staff

LONDONEnsco plc (NYSE: ESV) has sold its two remaining cold-stacked jackup rigs for $33 million. The net book value of the two rigs, the ENSCO 69 and Wisconsin, both built in 1976, was $9 million. The pre-tax gain on the sale is $24 million.

During the past four years, Ensco has sold 13 rigs and proceeds have been reinvested in the fleet. Over 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.

In addition, Ensco has six rigs under construction – three ultra-deepwater drillships and three premium jackups – that reinforce the company’s commitment to standardization.

02/05/2014

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