EX-99.1 2 ex99_1xmay2015.htm EXHIBIT 99.1
Exhibit 99.1

|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(2) |  | Comments
Floaters |  |  |  |  |  |  |  |  |  |  |  |  |  |
North & South America (excluding Brazil) |  |
ENSCO DS-3 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | BP |  | High 480s |  | U.S. Gulf of Mexico |  | Jun. 16 |  | -----. Zero rate for approx. 19 days in 2Q15. Plus cost adjustments
ENSCO DS-4 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | BP |  | Low 560s |  | U.S. Gulf of Mexico |  | Jul. 15 |  | As disclosed in 30 Mar. 2015 Form 8-K filing, customer has delivered notice of early termination and is required to make a lump sum payment shortly after projected termination date of Jul. 2015. -----. Plus cost adjustments
ENSCO DS-5 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Petrobras |  | Mid 430s |  | U.S. Gulf of Mexico |  | Jul. 16 |  | Eligible for bonus opportunity up to 17%, plus cost adjustments
ENSCO 8500 |  | Semisubmersible DP |  | 8500/10000 |  | -----Eni |  | Low 310s |  | U.S. Gulf of Mexico |  | Sep. 15 |  | Zero rate for approx. 35 days in 2Q15. Plus cost adjustments
ENSCO 8501 |  | Semisubmersible DP |  | 8500/10000 |  | Cold Stacking Preparations |  |  |  | U.S. Gulf of Mexico |  |  |  |
ENSCO 8502 |  | Semisubmersible DP |  | 8500/10000 |  | Cold Stacking Preparations |  |  |  | U.S. Gulf of Mexico |  |  |  |
ENSCO 8503 |  | Semisubmersible DP |  | 8500/10000 |  | Talos/ Stone Energy |  | Private/Low 350s |  | U.S. Gulf of Mexico |  | Jul. 17 |  | Completing Talos contract initially with ENSCO 8502 under amended terms. Then to Stone Energy mid May 15 to Jul.17. Planned upgrade and inspection for approx. 60 days in 3Q/4Q15 -----
ENSCO 8505 |  | Semisubmersible DP |  | 8500/10000 |  | Deep Gulf Energy |  | Mid 370s |  | U.S. Gulf of Mexico |  | May 15 |  |
ENSCO 8506 |  | Semisubmersible DP |  | 8500/10000 |  | Anadarko |  | Low 540s |  | U.S. Gulf of Mexico |  | Jul. 15 |  | Plus cost adjustments

Page 1 of 11

|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(2) |  | Comments
Floaters |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil |  |
ENSCO 6001 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Mid 350s |  | Brazil |  | Jun. 18 |  | -----. Plus approx. $20,000 per day amortized through Jun. 18 for capital upgrades. Plus cost adjustments
ENSCO 6002 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Mid 350s |  | Brazil |  | Ju1. 18 |  | Mid 160s average rate during planned shipyard upgrade for approx. 40 days in 2Q15 and approx. 46 days in 3Q15. Plus approx. $23,000 per day amortized Aug. 15 to Jul. 18 for capital upgrades. Plus cost adjustments
ENSCO 6003 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Mid 310s |  | Brazil |  | Jan. 17 |  | Zero rate for approx. 14 days in 2Q15. Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6004 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Mid 310s |  | Brazil |  | Oct. 16 |  | Eligible for bonus opportunity up to 15%, plus cost adjustments

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|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(2) |  | Comments
Floaters |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe & Mediterranean |  |  |  |  |  |  |  |  |  |
ENSCO 5004 |  | Semisubmersible - Conv F & G Enhanced Pacesetter |  | 1500 |  | Mellitah |  | High 290s |  | Mediterranean |  | Jan. 17 |  | -----. Plus approx. $30,000 per day for mobilization and reimbursable upgrades amortized through Jan. 17
Africa |  |
ENSCO DS-1 |  | Drillship - DP Gusto 10,000 |  | 6000/10000 |  | TOTAL |  | Mid 360s |  | Angola |  | Jan. 16 |  | Plus cost adjustments. Eligible for bonus opportunity up to 5%
ENSCO DS-6 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | BP |  | High 540s |  | Angola |  | Feb. 18 |  | -----. Zero rate for approx. 7 days in 2Q15. Plus approx. $102,000 per day amortized through Feb. 18 for special day rate ahead of mobilization, upgrade costs and reimbursable mobilization expenses. Plus cost adjustments and two 1-year options at mutually agreed rates
ENSCO DS-7 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | TOTAL |  | Mid 630s |  | Angola |  | Nov. 16 |  | Plus periodic rate increases resulting in high 640s average rate over contract. Plus approx. $28,000 per day amortized through Nov. 16 for mobilization

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|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(2) |  | Comments
Floaters |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia & Pacific Rim |  |
ENSCO 8504 |  | Semisubmersible DP |  | 8500/10000 |  | -----Mobilizing |  | ----- |  | -----Malaysia |  | ----- |  | -----
ENSCO 5006 |  | Semisubmersible - Conv Bingo 8,000 |  | 7000/7500 |  | INPEX |  | Mid 470s |  | Australia |  | May 18 |  | -----. Plus approx. $206,000 per day amortized through May 18 for capital upgrades and day rates during shipyard stay and mobilizations
ENSCO 5005 |  | Semisubmersible - Conv F & G Enhanced Pacesetter |  | 1500/1700 |  | PTTEP |  | Low 240s |  | Myanmar |  | Jun. 15 |  | Plus approx. $14,000 per day for upgrade costs and mobilization amortized through May 15
ENSCO DS-9 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Delivered/ Contracted |  |  |  | En Route |  | 4Q18 |  | Mobilization and customer-specific upgrades prior to contract commencement. Contracted to ConocoPhillips in U.S. Gulf of Mexico from 4Q15 to 4Q18, low 550s. Plus mob fee of approx. $32 million to be amortized over primary contract term. Plus cost adjustments and two 1-year unpriced options
Under Construction |  |
ENSCO DS-8 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Under construction/ Contracted |  |  |  | South Korea |  | 4Q20 |  | Contracted to Total in Angola from 4Q15 to 4Q20, initially low 600s. Plus periodic rate increases resulting in high 630s average rate over drilling program. Plus approx. $15,000 per day amortized over primary contract term for capital upgrades. Plus mob fee of approx. $26 million to be amortized over primary contract term. Plus one 1-year priced option
ENSCO DS-10 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Under construction |  |  |  | South Korea |  | 3Q15 |  |

(1) For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.
(2) Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the
expected delivery date from the shipyard.
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|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(1) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
North & South America (excluding Brazil) |  |
U.S. Gulf of Mexico |  |
ENSCO 68 |  | MLT 84-CE |  | 400 |  | Chevron |  | High 110s |  | Gulf of Mexico |  | Oct. 15 |  | Planned inspection and maintenance for approx. 28 days in 3Q15. Day rate does not include certain extra reimbursable costs
ENSCO 75 |  | MLT Super 116-C |  | 400 |  | Talos |  | Private |  | Gulf of Mexico |  | Jul. 15 |  |
ENSCO 81 |  | MLT 116-C |  | 350 |  | Cold Stacked |  |  |  | Gulf of Mexico |  |  |  |
ENSCO 82 |  | MLT 116-C |  | 300 |  | Cold Stacked |  |  |  | Gulf of Mexico |  |  |  |
ENSCO 86 |  | MLT 82 SD-C |  | 250 |  | Century |  | Mid 70s |  | Gulf of Mexico |  | May 15 |  |
ENSCO 87 |  | MLT 116-C |  | 350 |  | Arena |  | Mid 70s |  | Gulf of Mexico |  | Jun. 15 |  |
ENSCO 99 |  | MLT 82 SD-C |  | 250 |  | Cold Stacked |  |  |  | Gulf of Mexico |  |  |  |

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|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(2) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe |  |
ENSCO 70 |  | Hitachi K1032N |  | 250 |  |  |  |  |  | UK |  |  |  |
ENSCO 71 |  | Hitachi K1032N |  | 225 |  | Maersk |  | Low 170s |  | Denmark |  | Jun. 15 |  | Planned inspection for approx. 23 days in 3Q15. Plus one 1-year priced option and one 1-year option at mutually agreed rate
ENSCO 72 |  | Hitachi K1025N |  | 225 |  | Maersk |  | Low 170s |  | Denmark |  | Sep. 15 |  | Plus one 1-year priced option and one 1-year option at mutually agreed rate
ENSCO 80 |  | MLT 116-CE |  | 225 |  | GDF |  | Mid 140s |  | UK |  | Apr. 17 |  | Plus cost adjustments and unpriced option
ENSCO 92 |  | MLT 116-C |  | 225 |  | ConocoPhillips |  | Low 110s/Low 150s |  | UK |  | Aug. 18 |  | Special workover rate Apr. 15 to Jan. 16, low 110s. Then low 150s Jan. 16 to Aug. 18
ENSCO 100 |  | MLT 150-88-C |  | 350 |  | Shipyard/ Suncor/Premier |  | -----/ Mid 180s |  | UK |  | Jun. 18 |  | -----. Planned inspection for approx. 42 days in 2Q15. Next assigned to Suncor in UK Jun. 15 to Jul. 15, mid 180s. Then to Premier Jul. 15 to Jun. 18, mid 180s
ENSCO 101 |  | KFELS MOD V-A |  | 400 |  | BP |  | High 210s |  | UK |  | Jan. 16 |  | -----. Plus ----- two 6-month unpriced options
ENSCO 102 |  | KFELS MOD V-A |  | 400 |  | ConocoPhillips |  | Low 210s/High 170s |  | UK |  | Jul. 15 |  | Plus cost adjustments. Accommodation work mid Jun. 1 5 to Jul. 15, high 170s
ENSCO 120 |  | ENSCO 120 Series |  | 400 |  | Nexen |  | Mid 230s |  | UK |  | May 16 |  | Zero rate for approx. 12 days in 2Q15. Plus approx. $13,000 per day for mobilization amortized through Nov. 15. Plus cost adjustments and eleven 1-well options
ENSCO 121 |  | ENSCO 120 Series |  | 400 |  | Wintershall |  | Low 230s |  | -----UK |  | Jun. 16 |  | Plus approx. $11,000 per day for mobilization amortized through Jun. 16. Plus one 1-year unpriced option
ENSCO 122 |  | ENSCO 120 Series |  | 400 |  | NAM |  | Low 230s |  | Netherlands |  | Nov. 16 |  | Plus approx. $14,000 per day for mobilization amortized through Nov. 16. Plus cost adjustments and two 1-year unpriced options

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|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(2) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
Middle East |  |
ENSCO 53 |  | F&G L-780 Mod II-C |  | 300 |  | NDC |  | Low 100s |  | UAE |  | Feb. 16 |  | Plus two 1-year unpriced options
ENSCO 54 |  | F&G L-780 Mod II-C |  | 300 |  | Saudi Aramco |  | Low 90s/Mid 110s |  | Saudi Arabia |  | Sep. 17 |  | Revised operating rate Apr. 15 to Jan. 16, low 90s. Then mid 110s Jan. 16 to Sep. 17. Plus approx. $39,000 per day for upgrade costs and mobilization amortized through Sep. 17. Plus one 1-year priced option
ENSCO 76 |  | MLT Super 116-C |  | 350 |  | Saudi Aramco |  | Mid 120s |  | Saudi Arabia |  | Dec. 18 |  | -----. Revised operating rate Apr. 15 to Jan. 16, mid 120s. Rate increases Jan. 16 to low 170s
ENSCO 84 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | High 60s/Mid 70s |  | Saudi Arabia |  | Mar. 19 |  | Revised operating rate Apr. 15 to Jan. 16, high 60s. Planned inspection for approx. 45 days in 2Q15. Then mid 70s Jan. 16 to Mar. 16. Rate increases Mar. 16 to mid 120s
ENSCO 88 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | Mid 80s/Low 100s |  | Saudi Arabia |  | Nov. 16 |  | Plus one 1-year priced option
ENSCO 91 |  | Hitachi Zosen Drill Hope C-150 |  | 270 |  | -----Cold Stacked |  |  |  | -----Bahrain |  |  |  |
ENSCO 94 |  | Hitachi 250-C |  | 250 |  | Saudi Aramco |  | Mid 80s/Low 100s |  | Saudi Arabia |  | May 16 |  | Revised operating rate Apr. 15 to Jan. 16, mid 80s. Then low 100s Jan. 16 to May 16. Plus one 1-year priced option
ENSCO 96 |  | Hitachi 250-C |  | 250 |  | Saudi Aramco |  | High 60s/Mid 70s |  | Saudi Arabia |  | Feb. 19 |  | Revised operating rate Apr. 15 to Jan. 16, high 60s. Then mid 70s Jan. 16 to Feb. 16. Rate increases Feb. 16 to mid 120s
ENSCO 97 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | High 60s/Mid 70s |  | Saudi Arabia |  | Feb. 19 |  | Revised operating rate Apr. 15 to Jan. 16, high 60s. Then mid 70s early Jan. 16 to late Jan. 16. Rate increases late Jan. 16 to mid 120s
ENSCO 104 |  | KFELS MOD V-B |  | 400 |  | Completing Mobilization/Contracted |  |  |  | UAE |  | Jun. 18 |  | Contracted to NDC in UAE from late Jun. 15 to late Jun. 18, mid 110s
ENSCO 110 |  | KFELS MOD V-B |  | 400 |  | NDC |  | Mid 110s |  | UAE |  | May 18 |  |
Africa |  |
ENSCO 109 |  | KFELS MOD V-Super B |  | 350 |  | Chevron |  | Low 170s |  | Angola |  | Jan. 18 |  | Plus $13,000 per day for mobilization amortized through Jan. 18. Plus cost adjustments

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|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(2) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia & Pacific Rim |  |
ENSCO 52 |  | F&G L-780 Mod II-C |  | 300 |  | Murphy |  | High 90s |  | Malaysia |  | Aug. 17 |  | Plus cost adjustments and one 1-year unpriced option
ENSCO 56 |  | F&G L-780 Mod II-C |  | 300 |  | Pertamina |  | Mid 110s |  | Indonesia |  | Jun. 15 |  | Plus approx. $3,000 per day for mobilization amortized through May 15
ENSCO 67 |  | MLT 84-CE |  | 400 |  | Pertamina |  | Mid 130s |  | Indonesia |  | May 15 |  |
ENSCO 105 |  | KFELS MOD V-B |  | 400 |  | Shell |  | High 190s |  | China |  | Jun. 15 |  | Plus approx. $14,000 per day for capital upgrades amortized through Jun. 15
ENSCO 106 |  | KFELS MOD V-B |  | 400 |  | CPOC |  | Mid 150s |  | Malaysia |  | Aug. 15 |  | Plus cost adjustments and approx. $5,000 per day for mobilization amortized through Aug. 15
ENSCO 107 |  | KFELS MOD V-B |  | 400 |  | OMV |  | Mid 230s |  | New Zealand |  | Jul. 15 |  | Rate decreases to mid 170s Jun. 15 to Jul. 15. -----. Plus cost adjustments
ENSCO 108 |  | KFELS MOD V-B |  | 400 |  | PTTEP |  | Low 160s |  | Thailand |  | Apr. 17 |  | Plus cost adjustments and one 1-year priced option

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|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(2) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
Under Construction |  |
ENSCO 140 |  | ENSCO 140 Series |  | 340/400 |  | Under construction |  |  |  | UAE |  | 2Q16 |  |
ENSCO 141 |  | ENSCO 140 Series |  | 340/400 |  | Under construction |  |  |  | UAE |  | 3Q16 |  |
ENSCO 123 |  | ENSCO 120 Series |  | 400 |  | Under construction |  |  |  | Singapore |  | 2Q16 |  |
Other |  |
Drilling Management |  |
Thunder Horse |  | Deepwater Semisubmersible |  | 6000 |  | BP |  | Low 100s |  | U.S. Gulf of Mexico |  | Jan. 16 |  | Plus one 1-year priced options, plus cost adjustments
Mad Dog |  | Deepwater Spar Drilling Rig |  | 4500 |  | BP |  | Mid 60s |  | U.S. Gulf of Mexico |  | Jan. 16 |  | Plus cost adjustments
ENSCO 83 |  | MLT 82 SD-C |  | 250 |  | Pemex |  | Low 90s |  | Mexico |  | Oct. 16 |  | Planned inspection for approx. 14 days in 2Q15
ENSCO 89 |  | MLT 82 SD-C |  | 250 |  | Pemex |  | Low 90s |  | Mexico |  | Nov. 15 |  | Planned inspection for approx. 14 days in 4Q15
ENSCO 98 |  | MLT 82 SD-C |  | 250 |  | Pemex |  | Low 90s |  | Mexico |  | Aug. 15 |  | Planned inspection for approx. 14 days in 3Q15

(1) For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.
(2) Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the
expected delivery date from the shipyard.
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|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Monthly Changes: bolded rig names and underlined text signify changes in rig status from previous report.

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Day Rate $000′s US |  | Location |  | Est. Avail(2) |  | Comments
Discontinued Operations |  |
ENSCO 93 |  | MLT 82 SD-C |  | 250 |  | Pemex |  | Low 90s |  | Mexico |  | Jun. 15 |  | Planned inspection for approx. 14 days in 3Q15
Held for Sale |  |
ENSCO 7500 |  | Semisubmersible DP |  | 7500/8000 |  | Cold Stacked |  |  |  | Spain |  |  |  |
ENSCO DS-2 |  | Drillship - DP Gusto 10,000 |  | 6000/10000 |  | Cold Stacked |  |  |  | Spain |  |  |  |
ENSCO 6000 |  | Semisubmersible - DP Amethyst |  | 3400/4000 |  | Cold Stacked |  |  |  | Spain |  |  |  |
ENSCO 5002 |  | Semisubmersible - Conv Aker H-3 |  | 1000/3000 |  | Cold Stacked |  |  |  | Singapore |  |  |  |
ENSCO 5001 |  | Semisubmersible - Conv Sonat |  | 6500 |  | Cold Stacked |  |  |  | Malaysia |  |  |  |
ENSCO 90 |  | MLT 82 SD-C |  | 250 |  | Cold Stacked |  |  |  | Gulf of Mexico |  |  |  |
ENSCO 58 |  | F&G L-780 Mod II |  | 250 |  | Cold Stacked |  |  |  | Bahrain |  |  |  |

(1) For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.
(2) Estimated available date for rig after current and follow-on contracts (excluding option period) and shipyard stays have been completed. For newbuild rigs without a contract, the estimated available date is the
expected delivery date from the shipyard.
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|  |  | Ensco plc Fleet Status Report 18 May 2015 |  |  |

Definitions and Disclaimers
Day Rate and Terms. The day rates reflected in this Fleet Status Report are the operating day rates charged to customers, which may include estimated contractual adjustments for changes in operating costs and/or reimbursable cost adjustments for ongoing expenses such as crew, catering, insurance and taxes. The day rates, however, do not include certain types of non-recurring revenues such as lump sum mobilization payments, revenues earned during mobilizations, revenues associated with contract preparation and other non-recurring reimbursable items such as mobilizations and capital enhancements, and the impact of the fair market value adjustments to previously acquired drilling contracts. Routine and non-routine downtime may reduce the actual revenues recognized during the contract term. Additionally, we sometimes negotiate special rates and/or day rate adjustments with customers that may reduce revenues recognized. Significant zero rate estimates are reflected in the comments section for the remainder of 2015.
Forward Looking Statement. Statements contained in this Fleet Status Report that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include words or phrases such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “could,” “may,” “might,” “should,” “will” and similar words and specifically include statements involving future rig day rates including adjustments with the customer; backlog; cost adjustments; utilization; estimated rig availability; contract duration, status, terms and other contract commitments; customers; rig enhancement projects; new rig commitments; the expected period of time and number of rigs that will be in a shipyard for repairs, maintenance, enhancement or construction; sale leaseback transactions; scheduled delivery dates for new rigs; and the timing of delivery, mobilization, contract commencement, relocation or other movement of rigs. Such statements are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including commodity price fluctuations, customer demand, new rig supply, downtime and other risks associated with offshore rig operations, relocations, severe weather or hurricanes; changes in worldwide rig supply and demand, competition and technology; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; risks inherent to shipyard rig construction, repair, maintenance or enhancement; possible cancellation, suspension or termination of drilling contracts as a result of mechanical difficulties, performance, customer finances, the decline or the perceived risk of a further decline in oil and/or natural gas prices, or other reasons, including terminations for convenience (without cause); the outcome of litigation, legal proceedings, investigations or other claims or contract disputes; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to attract and retain skilled personnel on commercially reasonable terms; environmental or other liabilities, risks or losses; debt restrictions that may limit our liquidity and flexibility; our ability to realize the expected benefits from our redomestication and actual contract commencement dates; cybersecurity risks and threats; and the occurrence or threat of epidemic or pandemic diseases or any governmental response to such occurrence or threat. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, as updated in our subsequent quarterly reports on Form 10-Q, which are available on the SEC’s website at www.sec.gov or on the Investor Relations section of our website at www.enscoplc.com. Each forward-looking statement contained herein speaks only as of the date of this Fleet Status Report, and we undertake no obligation to publicly update or revise any forward looking statements, except as required by law.
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