Ensco provides update on Brazil oil rigs

Source: Ensco plc
Ensco logo

Ensco plc (NYSE: ESV) reported today that all of its ten rigs in Brazil have term contracts with no early termination or termination for convenience provisions. This includes the recent contract signed with Petrobras for ENSCO 6000 that is contracted through April 2014 as announced on Ensco’s recent third quarter earnings conference call on 1 November 2012. For the Company’s next two rigs coming up for renewal in Brazil, ENSCO 6001 in June 2013 and ENSCO 6002 in July 2013, Ensco is in advanced negotiations with a customer for multi-year contracts.

Ensco plc (NYSE: ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. For 25 years, the company has focused on operating safely and exceeding customer expectations. Ensco is ranked #1 for total customer satisfaction with top honors in 13 of 17 categories in the most recent annual survey by EnergyPoint Research. Operating the world’s newest ultra-deepwater fleet and largest fleet of active premium jackups, Ensco has a major presence in the most strategic offshore basins across six continents. Ensco plc is an English limited company (England No. 7023598) with its registered office and corporate headquarters located at 6 Chesterfield Gardens, London W1J 5BQ. To learn more, visit our website at www.enscoplc.com.

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