Offshore staff
DALLAS, Texas -- ENSCO International Inc. has entered into a letter of intent for a drilling contract for ENSCO 8503, an ultra deepwater semisubmersible rig currently under construction by the Keppel FELS Ltd. Shipyard in Singapore.
The aggregate day rate revenue for the two-year term is expected to be approximately $372 million. The base operating rate is $510,000 per day, subject to adjustment for variances in operating costs from current levels.
ENSCO 8503 is ENSCO's fourth ultra deepwater semisubmersible rig in the ENSCO 8500 series currently under construction at Keppel FELS, and will increase the company's deepwater fleet to five rigs inclusive of the ENSCO 7500 deepwater semisubmersible rig that has been in service since 2000.
ENSCO 8503 is expected to be delivered in 3Q 2010.
03/07/2008
