Stone Energy Corp. contracted the ENSCO 8503 dynamically-positioned deepwater drilling rig for Stone Energy's multi-year drilling program in the Gulf of Mexico. The 30-month contract will commence during 2Q 2015 at a rate of approximately US$350…
Calgary-based Sterling Resources issued its 1Q results today, reporting US$20.5million revenue attributable to production from the Breagh gas field in the UK North Sea, and expenses of $2.6 million during the quarter. The average expected…
Ensco plc has named Carl Trowell chief executive officer and president, effective 15 June, the company announced on 9 May 2014. He succeeds Dan Rabun who is retiring after eight years as CEO. Rabun’s retirement was announced in November 2013…
Three newbuild jackups based on the XL Enhanced design will hit the market in 2014, 2015, and 2016. Photo from Maersk Drilling. A number of rig providers are increasing their fleet with builds over the next three years…
Ensco plc sold its ENSCO 85 jackup rig for $64 million, the company announced on 24 April 2014. The sale is part of trend among jackup rig providers including Transocean, Maersk Drilling, Noble, and Seadrill to modinize their fleets (See 'Jackups on the rise' in OE May 2014)…
Rig operator Ensco plc has ordered two new jackup drilling rigs from Dubai-based Lamprell, and has options for two additional units, exercisable within six months from the effective date of the contract. The inititial contract is for two high-specification…
ConocoPhillips has taken a three-year contract for the ENSCO DS-9 drillship, currently under construction at the Samsung Heavy Industries, Co. Ltd. (SHI) Shipyard in Geoje, South Korea. The ENSCO DS-9 is a Samsung GF12000 hull design…
Fairmount Marine has safely delivered rig ENSCO 5002 in Singapore. The rig was towed from Rio de Janeiro, Brazil, via Cape Good Hope, by tug Fairmount Expedition. ENSCO 5002 is a 1975 built 70m long and 61m wide semisubmersible drilling rig…
Stone Energy Corp. hit oil at its deepwater Cardona (MC 29 #4) well at Mississippi Canyon 29 in the US Gulf of Mexico, the company announced on 24 Feb 2014. Drilling operations are underway using the ENSCO 8502 drilling rig, which Stone Energy contracted last April…
Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…
Fairmount Marine has delivered the drilling rig ENSCO 5004 in Malta at the endof a voyage that began offshore Rio de Janeiro.ENSCO 5004 is a 1982- built, 94.7m-long, and 70.4m-wide semisubmersible. It was towed from Rio de Janeiro to Malta…
Ensco plc has taken delivery of ENSCO 121, the second of four ultra-premium harsh environment jackup rigs in its ENSCO 120 Series. The rig is contracted to work in the North Sea beginning in Q2 2014 at a day rate of approximately $230,000…
Ensco plc Chairman, President and CEO Daniel W. Rabun will retire after nearly eight years of service. Rabun will continue to serve in his current role as Chairman, President and CEO until the Board of Directors has completed the succession process and a new CEO has been appointed.
Keppel has won another contract to build a KFELS Super A Class harsh encironment jackup rig for a subsudiary of Ensco plc. The contract, worth about US$265 million, will see FELS Limited (Keppel FELS), part of Keppel Offshore & Marine (Keppel O&M)…
Noble Energy, Inc. has downgraded the gross resource potential of its A-2 appraisal well, drilled on the Block 12 discovery offshore the Republic of Cyprus. With the reserve potential initially set between 5-8Tcf, the company has now lowered its figures to 3…