EX-99.1 2 ex99_1xoct2015.htm EXHIBIT 99.1
Exhibit 99.1

|  |  | Ensco plc Fleet Status Report 19 October 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 |  |
ENSCO DS-3 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | BP |  | High 480s |  | U.S. Gulf of Mexico |  | Jun. 16 |  | -----. Plus cost adjustments
ENSCO DS-4 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Available |  | ----- |  | U.S. Gulf of Mexico |  | ----- |  | -----. Received $146 million lump sum payment related to prior customer's previously reported early termination of our contract. Excluding a $17 million receivable balance for mobilization and capital upgrades completed prior to contract commencement that would have been amortized over the remainder of the initial contract term and an $18 million contract intangible asset write-down, the lump sum payment will add $111 million to revenue in 3Q15
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 |  | Available |  | ----- |  | U.S. Gulf of Mexico |  | ----- |  | -----. Rig on special standby rate for 28 days in 3Q15 and 7 days in 4Q15. Prior contract amended to apply to ENSCO 8506 effective 8 October 2015
ENSCO 8501 |  | Semisubmersible DP |  | 8500/10000 |  | Cold Stacked |  |  |  | U.S. Gulf of Mexico |  |  |  |
ENSCO 8502 |  | Semisubmersible DP |  | 8500/10000 |  | Cold Stacked |  |  |  | U.S. Gulf of Mexico |  |  |  |
ENSCO 8503 |  | Semisubmersible DP |  | 8500/10000 |  | Stone Energy |  | Low 340s |  | U.S. Gulf of Mexico |  | Jul. 17 |  | Upgrade and inspection for 55 days in 3Q15
ENSCO 8505 |  | Semisubmersible DP |  | 8500/10000 |  | Shipyard/Contracted/Marubeni |  |  |  | U.S. Gulf of Mexico |  | Jan. 18 |  | Shipyard upgrade for approx. 70 days in 4Q15. Contracted to Marubeni in the U.S. Gulf of Mexico Dec. 15 to Jan. 18 at various day rates between low 150s and low 210s depending on scope of work
ENSCO 8506 |  | Semisubmersible DP |  | 8500/10000 |  | Eni |  | Low 300s |  | U.S. Gulf of Mexico |  | Feb. 16 |  | Rate adjusts to low 200s late Nov. 15

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|  |  | Ensco plc Fleet Status Report 19 October 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |
ENSCO 6001 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Low 340s |  | Brazil |  | Jun. 18 |  | Zero rate for 16 days in 3Q15 and 8 days in 4Q15. Plus approx. $20,000 per day amortized through Jun. 18 for capital upgrades. Plus cost adjustments
ENSCO 6002 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Low 340s |  | Brazil |  | Ju1. 18 |  | Low 230s average rate during shipyard upgrade for ----- 36 days in 3Q15. Plus approx. $25,000 per day amortized Sep. 15 to Jul. 18 for capital upgrades. Plus cost adjustments
ENSCO 6003 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Low 300s |  | Brazil |  | Jan. 17 |  | -----. Eligible for bonus opportunity up to 15%, plus cost adjustments
ENSCO 6004 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Low 300s |  | Brazil |  | Oct. 16 |  | Eligible for bonus opportunity up to 15%, plus cost adjustments

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|  |  | Ensco plc Fleet Status Report 19 October 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 |  | Zero rate for 17 days in 3Q15. Plus approx. $26,000 per day for mobilization and reimbursable upgrades amortized through Jan. 17
ENSCO DS-1 |  | Drillship - DP Gusto 10,000 |  | 6000/10000 |  | Cold Stacked |  |  |  | Spain |  |  |  |
Africa |  |
ENSCO DS-6 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | BP |  | Mid 380s |  | Spain |  | Feb. 18 |  | Rig on special standby rate. 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 580s |  | Angola |  | Nov. 17 |  | Plus periodic rate increases and approx. $19,000 per day amortized through Nov. 17 for mobilization and capital upgrades. Plus one 1-year priced option
ENSCO DS-8 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Mobilizing/Contracted/TOTAL |  |  |  | Angola |  | Nov. 20 |  | Mobilizing for customer acceptance testing in advance of contract commencement in Angola from mid Nov. 15 to mid Nov. 20, initially high 610s. Plus periodic rate increases resulting in mid 650s average rate over drilling program. -----. Plus mob fee of approx. $26 million to be amortized over primary contract term. Plus one 1-year priced option

Page 3 of 11

|  |  | Ensco plc Fleet Status Report 19 October 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 |  | Available |  |  |  | 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 |  | Available |  |  |  | Singapore |  |  |  |
ENSCO DS-9 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Available |  | Low 550s |  | Singapore |  |  |  | Per contract terms for termination for convenience, effective 16 July 2015 the customer is obligated to pay termination fees monthly for two years equal to the operating day rate of approx. $550,000, which may be partially defrayed should Ensco re-contract the rig within the next two years and/or mitigate certain costs during this time period while the rig is idle and without a contract
Under Construction |  |
ENSCO DS-10 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Under construction |  |  |  | South Korea |  | 1Q17 |  |

(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 19 October 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |
North & South America |  |
ENSCO 68 |  | MLT 84-CE |  | 400 |  | Inspection & Maintenance/Contracted/Chevron |  | ----- |  | U.S. Gulf of Mexico |  | Mar. 16 |  | Inspection and maintenance for approx. 28 days in 4Q15. Contracted to Chevron for 6 wells (est. Nov. 15 to Mar. 16), high 60s
ENSCO 75 |  | MLT Super 116-C |  | 400 |  | Available |  | ----- |  | U.S. Gulf of Mexico |  | ----- |  |
ENSCO 81 |  | MLT 116-C |  | 350 |  | Cold Stacked |  |  |  | U.S. Gulf of Mexico |  |  |  |
ENSCO 82 |  | MLT 116-C |  | 300 |  | Cold Stacked |  |  |  | U.S. Gulf of Mexico |  |  |  |
ENSCO 86 |  | MLT 82 SD-C |  | 250 |  | Cold Stacking Preparations |  |  |  | U.S. Gulf of Mexico |  |  |  |
ENSCO 87 |  | MLT 116-C |  | 350 |  | Castex |  | Mid 70s |  | U.S. Gulf of Mexico |  | Oct. 15 |  |
ENSCO 99 |  | MLT 82 SD-C |  | 250 |  | Cold Stacked |  |  |  | U.S. Gulf of Mexico |  |  |  |

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|  |  | Ensco plc Fleet Status Report 19 October 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 |  | Available |  |  |  | UK |  |  |  |
ENSCO 71 |  | Hitachi K1032N |  | 225 |  | Maersk |  | Mid 90s |  | Denmark |  | Jul. 18 |  | Working under letter of intent. Expect to work to Jul. 18
ENSCO 72 |  | Hitachi K1025N |  | 225 |  | Maersk |  | Mid 90s |  | Denmark |  | Sep. 18 |  | Working under letter of intent. Expect to work to Sep. 18
ENSCO 80 |  | MLT 116-CE |  | 225 |  | GDF |  | Mid 140s |  | UK |  | Apr. 17 |  | Planned inspection for approx. 30 days in 3Q16. Plus cost adjustments and unpriced option
ENSCO 92 |  | MLT 116-C |  | 225 |  | ConocoPhillips |  | Low 110s |  | UK |  | Aug. 18 |  | Special workover rate Apr. 15 to Jan. 16, low 110s. Then rate to be mutually agreed annually thereafter Jan. 16 to Aug. 18
ENSCO 100 |  | MLT 150-88-C |  | 350 |  | Premier |  | Mid 180s |  | UK |  | Jun. 18 |  |
ENSCO 101 |  | KFELS MOD V-A |  | 400 |  | BP |  | High 210s |  | UK |  | Jun. 16 |  | Rate decreases to low 150s, mid Dec. 15 to mid Jun. 16. Plus one 6-month priced option and one 6-month unpriced option
ENSCO 102 |  | KFELS MOD V-A |  | 400 |  | Available |  |  |  | UK |  |  |  |
ENSCO 120 |  | ENSCO 120 Series |  | 400 |  | Nexen |  | Mid 230s |  | UK |  | Aug. 16 |  | 4-well extension exercised at low 180s (est. mid Jan. 16 to Aug. 16). Planned inspection for approx. 14 days in 3Q16. Plus approx. $11,000 per day for mobilization amortized through Nov. 15. Plus cost adjustments and two 1-well priced options and five 1-well unpriced options
ENSCO 121 |  | ENSCO 120 Series |  | 400 |  | Wintershall |  | Low 230s |  | Denmark |  | Jun. 16 |  | Planned inspection for approx. 14 days in 2Q16. Plus approx. $10,000 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

Page 6 of 11

|  |  | Ensco plc Fleet Status Report 19 October 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 |  | Mid 90s |  | UAE |  | Feb. 16 |  | Plus two 1-year unpriced options. Planned inspection for approx. 21 days in 1Q16
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 |  | Saudi Arabia |  | Nov. 15 |  | Received notice of early termination, however, in discussions with customer for future work opportunities
ENSCO 88 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | Mid 80s/Low 100s |  | Saudi Arabia |  | Nov. 16 |  | Revised operating rate Apr. 15 to Jan. 16, mid 80s. Then low 100s Jan. 16 to Nov. 16. Plus one 1-year priced option. Planned inspection for approx. 14 days in 4Q16
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 |  | NDC |  | Mid 110s |  | UAE |  | Sep. 18 |  | Plus one 2-year unpriced option
ENSCO 110 |  | KFELS MOD V-B |  | 400 |  | NDC |  | Mid 110s |  | UAE |  | May 18 |  | Plus two 1-year unpriced options
Africa |  |
ENSCO 109 |  | KFELS MOD V-Super B |  | 350 |  | Chevron |  | Low 170s |  | Angola |  | Feb. 18 |  | Planned inspection for approx. 30 days in 2Q16. Plus $13,000 per day for mobilization amortized through Jan. 18. Plus cost adjustments

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|  |  | Ensco plc Fleet Status Report 19 October 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 |  | Planned inspection for approx. 14 days in 2Q16. Plus ---- one 1-year unpriced option
ENSCO 56 |  | F&G L-780 Mod II-C |  | 300 |  | Cold Stacked |  |  |  | Malaysia |  |  |  |
ENSCO 67 |  | MLT 84-CE |  | 400 |  | Available |  |  |  | Malaysia |  |  |  |
ENSCO 105 |  | KFELS MOD V-B |  | 400 |  | Available |  |  |  | Singapore |  |  |  |
ENSCO 106 |  | KFELS MOD V-B |  | 400 |  | Available |  | ----- |  | Malaysia |  | ----- |  | -----
ENSCO 107 |  | KFELS MOD V-B |  | 400 |  | Contracted/ STOS |  |  |  | New Zealand |  | Feb. 16 |  | Contracted to STOS in New Zealand from Nov. 15 to Feb. 16 for well intervention and platform support work, low 130s. Plus 1-well priced option. Plus approx. $30,000 per day for contract preparations amortized through Feb. 16
ENSCO 108 |  | KFELS MOD V-B |  | 400 |  | PTTEP |  | Low 160s |  | Thailand |  | Apr. 17 |  | Plus one 1-year priced option

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|  |  | Ensco plc Fleet Status Report 19 October 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. 17 |  | ----- Plus cost adjustments
Mad Dog |  | Deepwater Spar Drilling Rig |  | 4500 |  | BP |  | Mid 60s |  | U.S. Gulf of Mexico |  | Jan. 17 |  | Plus cost adjustments
ENSCO 83 |  | MLT 82 SD-C |  | 250 |  | Pemex |  | Low 90s |  | Mexico |  | Oct. 16 |  | Planned inspection for approx. 14 days in 3Q15
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 |  | ----- |  | ----- |  | Mexico |  | ----- |  | Drilling rig management charter has ended. Completing re-inspection before delivering rig to owner

(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 19 October 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 |  |
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 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 19 October 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 and 2016.
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; expected work commitments and contracts; contract duration, status, terms and other contract commitments; letters of intent; 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 cancellation of letters of intent or any failure to execute definitive contracts following announcements of letters of intent; 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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