EX-99 2 ex99_1xfeb2018.htm EXHIBIT 99
Exhibit 99.1

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

New Contracts and Extensions Floaters • ENSCO 8504 awarded a five-well contract with Repsol offshore Vietnam that is expected to commence in April 2018 • ENSCO 8505 awarded a two-well contract with Deep Gulf Energy in the U.S. Gulf of Mexico, which commenced in November 2017 • ENSCO 8503 awarded a two-well contract with Walter Oil & Gas in the U.S. Gulf of Mexico, which commenced in February 2018 • ENSCO 8503 awarded a one-well contract with Apache in the U.S. Gulf of Mexico that is expected to commence in April 2018 • ENSCO DS-12 contract with Kosmos Energy extended by one well, to be drilled offshore Suriname, with an estimated duration of 60 days • ENSCO 8503 contract with Stone Energy in the U.S. Gulf of Mexico extended by two wells, with an estimated total duration of 55 days Jackups • ENSCO 104 awarded a 16-month contract with ADNOC offshore UAE, which commenced in February 2018 • ENSCO 107 awarded a five-well contract with Quadrant Energy offshore Australia that is expected to commence in May 2018 • ENSCO 140 and ENSCO 141 expected to commence work under multi-year contracts in the Middle East later this year • ENSCO 75 awarded a one-well contract with Exxon Mobil in the U.S. Gulf of Mexico, which was completed in December 2017 • ENSCO 75 awarded a one-well contract with Renaissance in the U.S. Gulf of Mexico, which was completed in February 2018 • ENSCO 75 awarded a two-well contract with Energy XXI in the U.S. Gulf of Mexico that is expected to commence in February 2018 • ENSCO 87 awarded a contract for three P&A and two recompletion wells with Fieldwood in the U.S. Gulf of Mexico that is expected to commence in March 2018 • ENSCO 68 awarded a one-well contract with ANKOR Energy in the U.S. Gulf of Mexico that is expected to commence in March 2018 • ENSCO 75 contract with Talos in the U.S. Gulf of Mexico extended by approximately 90 days to a 120-day term that is expected to commence in April 2018 • ENSCO 122 contract with NAM in the North Sea extended by one well, with an estimated duration of three months • ENSCO 121 contract with INEOS in the North Sea extended by one well, with an estimated duration of 75 days • ENSCO 72 contract with ENGIE in the North Sea extended by three months to March 2018 • ENSCO 101 contract with ENGIE in the North Sea extended by one month to February 2018 • ENSCO 68 contract with Byron Energy in the U.S. Gulf of Mexico extended by one well, with an estimated duration of 35 days

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|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

Other • ENSCO DPS-1 commenced a 12-well contract with Woodside offshore Australia during February 2018 • ENSCO 106 commenced a five-year contract with BP offshore Indonesia during January 2018 • ENSCO 102 commenced a 400-day contract with Arena in the U.S. Gulf of Mexico during November 2017

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|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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 |  | Talos Stone Walter Oil & Gas Apache Stone |  | U.S. GOM U.S. GOM U.S. GOM U.S. GOM U.S. GOM |  | Aug. 17 Dec. 17 Feb. 18 Apr. 18 Jun. 18 |  | Dec. 17 Feb. 18 Mar. 18 Apr. 18 Jul. 18 |  | Completed two wells Contracted for two wells (estimated duration 30 days) Contracted for one well (estimated duration 15 days) Contracted for one well (estimated duration 30 days)
ENSCO 8505 |  | Semisubmersible DP |  | 8500/10000 |  | Deep Gulf Energy |  | U.S. GOM |  | Nov. 17 |  | May 18 |  | Contracted for two wells (estimated duration Nov. 17 to May 18). Plus two 1-well priced options
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

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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
ENSCO DS-7 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Contract Preparations |  | Spain |  |  |  |  |  | Contracted to Noble Energy in the Mediterranean for six wells (estimated duration Apr. 18 to Dec. 18). Plus two 2-well priced options
ENSCO 5004 |  | Semisubmersible - Conv F & G Enhanced Pacesetter |  | 1500 |  | Mellitah |  | Mediterranean |  | Aug. 14 |  | Jul. 18 |  | Day rate of approx. $204,000, plus approx. $9,000 per day for mobilization and reimbursable upgrades amortized through Jul. 18
ENSCO DS-11 |  | Drillship, DP3 DSME |  | 12000 |  | Available |  | Spain |  |  |  |  |  |
ENSCO DS-3 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Preservation Stacked(3) |  | Spain |  |  |  |  |  |
ENSCO DS-5 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Preservation Stacked(3) |  | Spain |  |  |  |  |  |

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Africa |  |
ENSCO DS-4 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Chevron |  | Nigeria |  | Aug. 17 |  | Aug. 19 |  | Plus one 1-year priced option
ENSCO DS-8 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Total |  | Angola |  | Nov. 15 |  | Nov. 20 |  | Day rate of approx. $620,000, plus periodic rate increases and approx. $14,000 per day amortized through Nov. 20 for mobilization. Plus one 1-year priced option. As disclosed previously, we are in discussions with the customer regarding contract terms that could lead to a blend and extend arrangement, no change to the contract, or termination for convenience by the customer in accordance with terms. See our prospectus filed with the SEC on January 16, 2018 for additional information.
ENSCO DS-10 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Mobilizing |  | ----- |  |  |  |  |  | Contracted to Shell in Nigeria from Mar. 18 to Mar. 19. Plus five 1-year priced options
ENSCO DS-12 |  | Drillship, DP3 DSME |  | 12000 |  | Kosmos Energy |  | Mauritania/ Senegal |  | Oct. 17 |  | May 18 |  | New one well contract commenced in direct continuation of well in progress (estimated duration Jan. 18 to Mar. 18). Plus six 1-well options, the first of which has been exercised in Suriname (estimated duration Apr. 18 to May 18)

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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 DPS-1 |  | Semisubmersible DP F&G ExD Millennium |  | 10000 |  | Woodside |  | Australia |  | Feb. 18 |  | Aug. 19 |  | Contracted to Woodside in Australia for 12 wells (estimated duration Feb. 18 to Aug. 19). Plus two 3-month options or one 3-month and one 6-month option
ENSCO MS-1 |  | Semisubmersible F&G ExD Millennium |  | 8200 |  | Contract Preparations |  | Australia |  |  |  |  |  | Contracted to Woodside in Australia for one well (estimated duration May 18 to Jun. 18)
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 8504 |  | Semisubmersible DP |  | 8500/10000 |  | Contract Preparations |  | Singapore |  |  |  |  |  | Contracted to Repsol in Vietnam for five wells (estimated duration Apr. 18 to Oct. 18). Plus one option for one drill well or eight top hole sections
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-13 |  | Drillship, DP3 DSME |  | 12000 |  | Under Construction |  | South Korea |  |  |  |  |  | Scheduled delivery date 3Q19. Upon delivery, final milestone payment of approx. $84 million and accrued interest charges may be financed through a promissory note that will bear interest at a rate of 5% per annum with a maturity date of December 30, 2022
ENSCO DS-14 |  | Drillship, DP3 DSME |  | 12000 |  | Under Construction |  | South Korea |  |  |  |  |  | Scheduled delivery date 2Q20. Upon delivery, final milestone payment of approx. $165 million and accrued interest charges may be financed through a promissory note that will bear interest at a rate of 5% per annum with a maturity date of December 30, 2022

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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 |  | Byron Energy ANKOR Energy |  | U.S. GOM U.S. GOM |  | Nov. 17 Mar. 18 |  | Mar. 18 Apr. 18 |  | Contracted for three wells (estimated duration Nov. 17 to Mar. 18) Contracted for one well (estimated duration Mar. 18 to Apr. 18)
ENSCO 75 |  | MLT Super 116-C |  | 400 |  | Exxon Mobil Renaissance Energy XXI Talos |  | U.S. GOM U.S. GOM U.S. GOM U.S. GOM |  | Dec. 17 Jan. 18 Feb. 18 Apr. 18 |  | Dec. 17 Feb. 18 Apr. 18 Aug. 18 |  | Completed one-well contract Completed one-well contract Contracted for two wells (estimated duration (Feb. 18 to Apr. 18) Contracted for 120 days (estimated duration Apr. 18 to Aug. 18). Plus one 90-day option
ENSCO 87 |  | MLT 116-C |  | 350 |  | Fieldwood |  | U.S. GOM |  | Mar. 18 |  | Jul. 18 |  | Contracted for three P&A and two recompletion wells (estimated duration Mar. 18 to Jul. 18)
ENSCO 102 |  | KFELS MOD V-A |  | 400 |  | Arena |  | U.S. GOM |  | Nov. 17 |  | Dec. 18 |  | Zero rate for approx. 30 days in 4Q17. Plus one 90-day option
ENSCO 81 |  | MLT 116-C |  | 350 |  | Cold Stacked |  | U.S. GOM |  |  |  |  |  |
ENSCO 82 |  | MLT 116-C |  | 300 |  | Cold Stacked |  | U.S. GOM |  |  |  |  |  |

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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 |  | Preservation Stacked(3) |  | UK |  |  |  |  |  |
ENSCO 71 |  | Hitachi K1032N |  | 225 |  | Preservation Stacked(3) |  | UK |  |  |  |  |  |
ENSCO 72 |  | Hitachi K1025N |  | 225 |  | ENGIE |  | Netherlands |  | Jan. 17 |  | Mar. 18 |  | Day rate of approx. $67,000
ENSCO 80 |  | MLT 116-CE |  | 225 |  | Repsol-Sinopec |  | UK |  | Jun. 17 |  | Apr. 18 |  | Contracted for 13 wells (estimated duration Jun. 17 to Apr. 18). Plus one 100-day option
ENSCO 92 |  | MLT 116-C |  | 225 |  | ConocoPhillips |  | UK |  | Feb. 17 |  | Dec. 22 |  |
ENSCO 100 |  | MLT 150-88-C |  | 350 |  | Premier |  | UK |  | Jul. 15 |  | Aug. 18 |  | Day rate of approx. $185,000. Contracted for 18 wells (estimated duration Jul. 15 to Aug. 18). Plus four 3-well options
ENSCO 101 |  | KFELS MOD V-A |  | 400 |  | ENGIE |  | Netherlands |  | Nov. 16 |  | Feb. 18 |  | Day rate of approx. $74,000. Plus various priced options for up to seven wells in total
ENSCO 111 |  | KFELS MOD V-B |  | 400 |  | Cold Stacked |  | Malta |  |  |  |  |  |
ENSCO 112 |  | MLT Super 116-E |  | 350 |  | Cold Stacked |  | Malta |  |  |  |  |  |
ENSCO 120 |  | ENSCO 120 Series |  | 400 |  | ConocoPhillips |  | UK |  | Jul. 17 |  | Jul. 20 |  | Plus two 1-year options
ENSCO 121 |  | ENSCO 120 Series |  | 400 |  | INEOS |  | UK |  | Jul. 17 |  | Jun. 18 |  | Contracted for four wells (estimated duration Jul. 17 to Jun. 18). Plus four 1-well priced options
ENSCO 122 |  | ENSCO 120 Series |  | 400 |  | NAM |  | Netherlands |  | Sep. 17 |  | Jun. 18 |  | Contracted for three wells (estimated duration Sep. 17 to Jun. 18). Plus various options through Dec. 20

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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 2 Q18. 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 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 1Q18. Day rate of approx. $65,000 to year-end 2018. Day rate increases to approx. $125,000 Jan. 19 to Feb. 19
ENSCO 97 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | Saudi Arabia |  | Jan. 15 |  | Feb. 19 |  | Day rate of approx. $65,000 to year-end 2018. Day rate increases to approx. $125,000 Jan. 19 to Feb. 19
ENSCO 104 |  | KFELS MOD V-B |  | 400 |  | ADNOC |  | UAE |  | Feb. 18 |  | May 19 |  |
ENSCO 110 |  | KFELS MOD V-B |  | 400 |  | North Oil Company |  | Qatar |  | Sep. 17 |  | Sep. 20 |  | Plus one 1-year priced option
ENSCO 140 |  | ENSCO 140 Series |  | 340/400 |  | Contract Preparations |  | UAE |  |  |  |  |  | Expect to work in the Middle East on a multi-year contract
ENSCO 141 |  | ENSCO 140 Series |  | 340/400 |  | Contract Preparations |  | UAE |  |  |  |  |  | Expect to work in the Middle East on a multi-year contract

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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 |  | Jul. 19 |  | In conjunction with one year extension of contract, rig on standby day rate of $20,000 from mid Oct. 17 to mid Mar. 18. Then planned inspection for approx. 30 days from mid Mar. 18 to mid Apr. 18. Next return to day rate of approx. $172,000 from mid Apr. 18 to Jul. 18, followed by undisclosed day rate from Aug. 18 to Jul. 19
Asia & Pacific Rim |  |
ENSCO 67 |  | MLT 84-CE |  | 400 |  | Pertamina |  | Indonesia |  | Dec. 16 |  | Dec. 18 |  | In conjunction with proposed extension of contract, rig on zero rate from late Feb. 18 to late May 18
ENSCO 105 |  | KFELS MOD V-B |  | 400 |  | Preservation Stacked(3) |  | Singapore |  |  |  |  |  |
ENSCO 106 |  | KFELS MOD V-B |  | 400 |  | BP |  | Indonesia |  | Jan. 18 |  | Jan. 23 |  | Plus 13 1-well priced options
ENSCO 107 |  | KFELS MOD V-B |  | 400 |  | Available |  | Singapore |  |  |  |  |  | Contracted to Quadrant Energy in Australia for five wells (estimated duration May 18 to Oct. 18). Plus five 1-well options
ENSCO 108 |  | KFELS MOD V-B |  | 400 |  | Available |  | Singapore |  |  |  |  |  |
ENSCO 113 |  | Pacific Class 400 |  | 400 |  | Cold Stacked |  | Philippines |  |  |  |  |  |
ENSCO 114 |  | Pacific Class 400 |  | 400 |  | Cold Stacked |  | Philippines |  |  |  |  |  |
ENSCO 115 |  | Pacific Class 400 |  | 400 |  | Mubadala Petroleum |  | Thailand |  | Oct. 17 |  | Aug. 18 |  | Plus two 4-month priced options

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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 |  |  |  |  |  | Milestone payment of $207 million made in Jan. 18 and remaining payment of $6 million to be made upon delivery in 1Q19
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 |  |
Discontinued Operations |  |
ENSCO 7500 |  | Semisubmersible DP |  | 7500/8000 |  | Cold Stacked |  | Spain |  |  |  |  |  |

(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.

|  |  | Ensco plc Fleet Status Report 20 February 2018 |  |  |

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 and 2018.
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, letters of award or other correspondence indicating an 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; costs and difficulties related to the integration of Atwood Oceanics, Inc.; 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 or awards; 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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