EX-99.1 2 ex99_1xapr2017.htm EXHIBIT 99.1
Exhibit 99.1

|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

| New Contracts • ENSCO 106 awarded a four-well contract with Sapura Energy offshore Malaysia, which commenced in March 2017 • ENSCO 121 awarded a three-well contract with INEOS in the North Sea that is expected to commence in July 2017 • ENSCO 68 awarded a one-well contract with Ankor Energy in the U.S. Gulf of Mexico that is expected to commence in June 2017 Contract Extensions • ENSCO 92 contract with ConocoPhillips in the North Sea extended by more than four years to December 2022 • ENSCO 107 contract with Chevron offshore Australia extended by three months to July 2017 • Contracts for ENSCO 121 and ENSCO 80 extended to April 2017 in the North Sea Other • ENSCO 122 commenced a five-month contract with Ithaca Energy in the North Sea during April 2017 • ENSCO 87 began a four-month program with Talos Energy in the U.S. Gulf of Mexico in February 2017 • Received notice of early termination for convenience from customer for ENSCO 104 with estimated effective date in May 2017 • ENSCO 56 sold for scrap value

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|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

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

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Floaters |  |  |  |  |  |  |  |  |  |  |  |  |  |
North & South America |  |
ENSCO 8503 |  | Semisubmersible DP |  | 8500/10000 |  | Stone W&T Offshore Talos |  | U.S. GOM U.S. GOM Mexico |  | Mar. 17 Apr. 17 Jun. 17 |  | Apr. 17 May 17 Sep. 17 |  |
ENSCO 8505 |  | Semisubmersible DP |  | 8500/10000 |  | Available |  | U.S. GOM |  |  |  |  |  |
ENSCO 8500 |  | Semisubmersible DP |  | 8500/10000 |  | Preservation Stacked(3) |  | U.S. GOM |  |  |  |  |  |
ENSCO 8501 |  | Semisubmersible DP |  | 8500/10000 |  | Preservation Stacked(3) |  | U.S. GOM |  |  |  |  |  |
ENSCO 8502 |  | Semisubmersible DP |  | 8500/10000 |  | Preservation Stacked(3) |  | U.S. GOM |  |  |  |  |  |
ENSCO 8506 |  | Semisubmersible DP |  | 8500/10000 |  | Preservation Stacked(3) |  | U.S. GOM |  |  |  |  |  |
ENSCO 6001 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Brazil |  | Jun. 13 |  | Jun. 18 |  | Day rate of approx. $284,000, plus approx. $20,000 per day amortized through Jun. 18 for capital upgrades. Plus cost adjustments
ENSCO 6002 |  | Semisubmersible - DP Megathyst |  | 5600 |  | Petrobras |  | Brazil |  | Jul. 13 |  | Dec. 19 |  | Day rate of approx. $248,000, plus approx. $17,000 per day amortized through Dec. 19 for capital upgrades. Plus cost adjustments

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|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

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

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Floaters |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe & Mediterranean |  |  |  |  |  |  |  |  |  |
ENSCO DS-6 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | BP |  | Egypt |  | Feb. 13 |  | Feb. 18 |  | Day rate of approx. $485,000, plus approx. $102,000 per day amortized through Feb. 18. Plus two 1-year options at mutually agreed rates
ENSCO 5004 |  | Semisubmersible - Conv F & G Enhanced Pacesetter |  | 1500 |  | Mellitah |  | Mediterranean |  | Aug. 14 |  | Jul. 18 |  | Expect to be on standby day rate of approx. $60,000 for five months from mid Apr. 17 to mid. Sep. 17, then return to day rate of approx. $204,000 for remainder of contract. Plus approx. $9,000 per day for mobilization and reimbursable upgrades amortized through Jul. 18
ENSCO DS-3 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Preservation Stacked(3) |  | Spain |  |  |  |  |  |
ENSCO DS-4 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Preservation Stacked(3) |  | Spain |  |  |  |  |  |
ENSCO DS-5 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Preservation Stacked(3) |  | Spain |  |  |  |  |  |
ENSCO DS-7 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Available |  | Spain |  |  |  |  |  | Notice of early termination for convenience received from the customer with an effective date of early Nov. 16. For the first 90 days following the effective date, the daily termination fee is equal to the operating day rate of approx. $585,000. For the remaining term through Nov. 17, the daily termination fee is equal to approx. $439,000. If the rig is contracted to a third party, the day rate revenue received is deducted from the approx. $439,000 due from the original customer through Nov. 17
Africa |  |
ENSCO DS-8 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | TOTAL |  | Angola |  | Nov. 15 |  | Nov. 20 |  | Day rate of approx. $618,000, plus periodic rate increases and approx. $14,000 per day amortized through Nov. 20 for mobilization. Plus one 1-year priced option

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|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

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

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Floaters |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia & Pacific Rim |  |
ENSCO 8504 |  | Semisubmersible DP |  | 8500/10000 |  | Available |  | Singapore |  |  |  |  |  |
ENSCO 5006 |  | Semisubmersible - Conv Bingo 8,000 |  | 7000/7500 |  | INPEX |  | Australia |  | Jan. 15 |  | Aug. 19 |  | Day rate of approx. $362,000, plus approx. $125,000 per day amortized through Aug. 19 for capital upgrades and day rates during shipyard stay and mobilizations
ENSCO DS-9 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Available |  | Singapore |  |  |  |  |  |
ENSCO 5005 |  | Semisubmersible - Conv F & G Enhanced Pacesetter |  | 1500/1700 |  | Preservation Stacked(3) |  | Singapore |  |  |  |  |  |
Under Construction |  |
ENSCO DS-10 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Under construction |  | South Korea |  |  |  |  |  | Scheduled delivery date 1Q19

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|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

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

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
North & South America |  |
ENSCO 68 |  | MLT 84-CE |  | 400 |  | Enven W&T Offshore Ankor |  | U.S. GOM U.S. GOM U.S. GOM |  | Feb. 17 May 17 Jun. 17 |  | May 17 Jun. 17 Jul. 17 |  | Day rate of approx. $60,000 for Enven contract
ENSCO 75 |  | MLT Super 116-C |  | 400 |  | Walter Oil & Gas |  | U.S. GOM |  | Feb. 17 |  | Jul. 17 |  |
ENSCO 81 |  | MLT 116-C |  | 350 |  | Cold Stacked |  | U.S. GOM |  |  |  |  |  |
ENSCO 82 |  | MLT 116-C |  | 300 |  | Cold Stacked |  | U.S. GOM |  |  |  |  |  |
ENSCO 87 |  | MLT 116-C |  | 350 |  | Talos |  | U.S. GOM |  | Feb. 17 |  | Jul. 17 |  |

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|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

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

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
Europe |  |
ENSCO 70 |  | Hitachi K1032N |  | 250 |  | Cold Stacked |  | UK |  |  |  |  |  |
ENSCO 71 |  | Hitachi K1032N |  | 225 |  | Maersk |  | Denmark |  | Jul. 15 |  | Jul. 18 |  | Planned inspection for approx. 21 days in 4Q17. Day rate of approx. $93,000
ENSCO 72 |  | Hitachi K1025N |  | 225 |  | ENGIE |  | Netherlands |  | Jan. 17 |  | Aug. 17 |  | Day rate of approx. $67,000, plus various priced options of up to 460 days in total for ENSCO 72 and ENSCO 101
ENSCO 80 |  | MLT 116-CE |  | 225 |  | ENGIE Repsol-Sinopec |  | UK UK |  | Apr. 14 Jun. 17 |  | Apr. 17 Dec. 18 |  | Day rate of approx. $70,000 for ENGIE contract
ENSCO 92 |  | MLT 116-C |  | 225 |  | ConocoPhillips |  | UK |  | Feb. 17 |  | Dec. 22 |  | Planned inspection for approx. 23 days in 3Q17
ENSCO 100 |  | MLT 150-88-C |  | 350 |  | Premier |  | UK |  | Jul. 15 |  | Nov. 18 |  | Day rate of approx. $185,000
ENSCO 101 |  | KFELS MOD V-A |  | 400 |  | ENGIE |  | Netherlands |  | Nov. 16 |  | Aug. 17 |  | Day rate of approx. $74,000, plus various priced options of up to 460 days in total for ENSCO 72 and ENSCO 101
ENSCO 102 |  | KFELS MOD V-A |  | 400 |  | Available |  | UK |  |  |  |  |  |
ENSCO 120 |  | ENSCO 120 Series |  | 400 |  | Available |  | UK |  |  |  |  |  | Expect to work in the UK North Sea from Jul. 17 to Jul. 20, subject to receipt of notice to commence work from customer
ENSCO 121 |  | ENSCO 120 Series |  | 400 |  | Wintershall INEOS |  | Denmark UK |  | Jun. 14 Jul. 17 |  | Apr. 17 Feb. 18 |  | Plus five 1-well options
ENSCO 122 |  | ENSCO 120 Series |  | 400 |  | Ithaca |  | UK |  | Apr. 17 |  | Aug. 17 |  | Day rate of approx. $100,000

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|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

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

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
Middle East |  |
ENSCO 54 |  | F&G L-780 Mod II-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Sep. 14 |  | Sep. 22 |  | Planned inspection for approx. 80 days in 1Q18. Day rate of approx. $72,000, plus approx. $5,000 per day for upgrade costs and mobilization amortized through Sep. 22
ENSCO 76 |  | MLT Super 116-C |  | 350 |  | Saudi Aramco |  | Saudi Arabia |  | Jan. 15 |  | Dec. 18 |  | Day rate of approx. $127,000 to year-end 2017. Day rate increases to approx. $170,000 Jan. 18 to Dec. 18
ENSCO 84 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | Saudi Arabia |  | Jan. 17 |  | Aug. 21 |  | Day rate of approx. $72,000
ENSCO 88 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | Saudi Arabia |  | Nov. 13 |  | Nov. 19 |  | Day rate of approx. $65,000, plus one 1-year priced option
ENSCO 96 |  | Hitachi 250-C |  | 250 |  | Saudi Aramco |  | Saudi Arabia |  | Feb. 15 |  | Feb. 19 |  | Planned inspection for approx. 60 days in 3Q17. Day rate of approx. $65,000 to year-end 2017. Day rate increases to approx. $125,000 Jan. 18 to Feb. 19
ENSCO 97 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | Saudi Arabia |  | Jan. 15 |  | Feb. 19 |  | Planned inspection for approx. 21 days in 3Q17. Day rate of approx. $65,000 to year-end 2017. Day rate increases to approx. $125,000 Jan. 18 to Feb. 19
ENSCO 104 |  | KFELS MOD V-B |  | 400 |  | NDC/ Wintershall |  | UAE |  | Nov. 16 |  | May 17 |  | Received notice of early termination for convenience from customer with estimated effective date of May 17. Day rate of approx. $64,000
ENSCO 110 |  | KFELS MOD V-B |  | 400 |  | Available |  | UAE |  |  |  |  |  |
ENSCO 140 |  | ENSCO 140 Series |  | 340/400 |  | Available |  | UAE |  |  |  |  |  |
ENSCO 141 |  | ENSCO 140 Series |  | 340/400 |  | Available |  | UAE |  |  |  |  |  |

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|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

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

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
Africa |  |
ENSCO 109 |  | KFELS MOD V-Super B |  | 350 |  | Chevron |  | Angola |  | Dec. 14 |  | Jan. 18 |  | Day rate of approx. $172,000, plus $13,000 per day for mobilization amortized through Jan. 18. Plus cost adjustments
Asia & Pacific Rim |  |
ENSCO 52 |  | F&G L-780 Mod II-C |  | 300 |  | Murphy/Repsol |  | Malaysia |  | Aug. 14 |  | Aug. 17 |  | Sublet to Repsol Apr. 17 to Aug. 17. Day rate of approx. $99,000
ENSCO 67 |  | MLT 84-CE |  | 400 |  | Pertamina |  | Indonesia |  | Dec. 16 |  | Dec. 17 |  | Day rate of approx. $50,000, plus one 1-year priced option
ENSCO 105 |  | KFELS MOD V-B |  | 400 |  | Cold Stacked |  | Singapore |  |  |  |  |  |
ENSCO 106 |  | KFELS MOD V-B |  | 400 |  | Sapura Energy BP |  | Malaysia Indonesia |  | Mar. 17 Jan. 18 |  | Sep. 17 Jan. 23 |  | Plus 13 1-well priced options
ENSCO 107 |  | KFELS MOD V-B |  | 400 |  | Chevron |  | Australia |  | Oct. 16 |  | Jul. 17 |  | Day rate of approx. $129,000, plus three 1-month options
ENSCO 108 |  | KFELS MOD V-B |  | 400 |  | PTTEP |  | Thailand |  | Apr. 14 |  | Apr. 17 |  | Day rate of approx. $160,000

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|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

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

Segment / Region / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Jackups |  |  |  |  |  |  |  |  |  |  |  |  |  |
Under Construction |  |
ENSCO 123 |  | ENSCO 120 Series |  | 400 |  | Under construction |  | Singapore |  |  |  |  |  | Scheduled delivery date 1Q18
Other |  |
Drilling Management |  |
Thunder Horse |  | Deepwater Semisubmersible |  | 6000 |  | BP |  | U.S. GOM |  | Jan. 17 |  | Jan. 22 |  | Day rate of approx. $95,000, plus cost adjustments and five 1-year options
Mad Dog |  | Deepwater Spar Drilling Rig |  | 4500 |  | BP |  | U.S. GOM |  | Jan. 17 |  | Jan. 22 |  | Day rate of approx. $57,000, plus cost adjustments and five 1-year options
Held for Sale |  |
Continuing Operations |  |
ENSCO 56 |  | F&G L-780 Mod II-C |  | 300 |  | Sold |  |  |  |  |  |  |  | Sold for scrap value. Sale price in line with net book value of rig
ENSCO 86 |  | MLT 82 SD-C |  | 250 |  | Cold Stacked |  | U.S. GOM |  |  |  |  |  |
ENSCO 99 |  | MLT 82 SD-C |  | 250 |  | Cold Stacked |  | U.S. GOM |  |  |  |  |  |
Discontinued Operations |  |
ENSCO 7500 |  | Semisubmersible DP |  | 7500/8000 |  | Cold Stacked |  | Spain |  |  |  |  |  |
ENSCO 90 |  | MLT 82 SD-C |  | 250 |  | Cold Stacked |  | U.S. GOM |  |  |  |  |  |

(1) For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.
(2) Contract duration does not include any unexercised optional extensions. Contract end dates can vary based on how long it takes to complete the wells subject to the contract.
(3) Prior to stacking, upfront steps are taken to preserve the rig. This may include a quayside power source to dehumidify key equipment and/or provide electrical current to the hull to prevent corrosion. Also, certain equipment may be removed from the rig for storage in a temperature-controlled environment. While stacked, large equipment that remains on the rig is periodically inspected and maintained by Ensco personnel. These steps are designed to reduce the time and lower cost to reactivate the rig when market conditions improve.
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|  |  | Ensco plc Fleet Status Report 24 April 2017 |  |  |

Additional Information Regarding this Fleet Status Report
Day Rate and Terms. The day rates reflected in this Fleet Status Report are stated in U.S. dollars and 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. Ensco announced in its Fleet Status Report dated 22 February 2017 that going forward it does not expect to release day rates for new contracts in its Fleet Status Reports. Significant zero rate estimates are reflected in the comments section for 2017.
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; discussions 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 or letters of award; 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; repudiation; or termination of drilling contracts, including termination for convenience (without cause), as a result of mechanical difficulties, performance, customer liquidity and finances, the decline or the perceived risk of a further decline in oil and/or natural gas prices, or other reasons; the cancellation of letters of intent or any failure to execute definitive contracts following announcements of letters of intent or letters of award or other expected work commitments; 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; and cybersecurity risks and threats. 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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