This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ensco Has Taken Delivery Of The Newbuild Rig ENSCO 120, Contracted To Work In The North Sea. In Jackup Trials, The Rig Was Raised To 539 Feet, Setting A New Record For The Keppel FELS Shipyard In Singapore. (Photo: Business Wire)

Ensco plc (NYSE: ESV) has taken delivery of ENSCO 120, the first in its series of three ultra-premium harsh environment jackup rigs. The rig is contracted to work for Nexen in the North Sea beginning in the fourth quarter at a day rate of approximately $230,000 plus cost adjustments.

Ensco has taken delivery of the newbuild rig ENSCO 120, contracted to work in the North Sea. In jack ...

Ensco has taken delivery of the newbuild rig ENSCO 120, contracted to work in the North Sea. In jackup trials, the rig was raised to 539 feet, setting a new record for the Keppel FELS shipyard in Singapore. (Photo: Business Wire)

Chairman, President and Chief Executive Officer Dan Rabun commented, “With the ENSCO 120 Series, we have taken a high-specification rig design and enhanced it with features that make it the most capable rig of its class. The proprietary cantilever system and deep well capabilities of ENSCO 120, paired with our skilled crews’ knowledge and experience in the region, are a winning combination for our customers.”

ENSCO 120 was constructed at the Keppel FELS yard in Singapore and is now en route to the North Sea for final outfitting and crew familiarization. In jackup trials, the rig set a new shipyard record when it was jacked up successfully to 539 feet on its 540-foot legs. The rig also successfully hoisted a 2.5-million-pound hook load at its full cantilever extension.

ENSCO 121, the second rig in the series, is scheduled for delivery in the fourth quarter. It is contracted to work for Wintershall, also in the North Sea.

These new jackup rigs are enhanced versions of the KFELS Super A design. Capable of operating in water depths up to 400 feet, ENSCO 120 Series rigs are designed for the most demanding large multi-well platform programs, ultra-deep gas programs or ultra-long reach wells up to 40,000-ft. total drilling depth. The industry-leading design features of the rigs significantly increase the area of operability in the Central North Sea and other harsh environment regions.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,076.27 +64.33 0.36%
S&P 500 2,114.07 +4.47 0.21%
NASDAQ 5,099.2310 +22.7070 0.45%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs