EX-99 2 ex99_1xfeb2018.htm EXHIBIT 99 Exhibit
Exhibit 99.1
    

a022018fleetstatuscover.jpg



enscologoa12.jpg
 
 
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






Page 1 of 12


enscologoa12.jpg
 
 
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





Page 2 of 12


enscologoa12.jpg
 
 
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
enscologoa12.jpg
 
 
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
 
 
 
 
 
 



enscologoa12.jpg
 
 
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)

enscologoa12.jpg
 
 
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
enscologoa12.jpg
 
 
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
 
 
 
 
 
 
enscologoa12.jpg
 
 
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
enscologoa12.jpg
 
 
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 2Q18. 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
enscologoa12.jpg
 
 
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
enscologoa12.jpg
 
 
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.

enscologoa12.jpg
 
 
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.

Page 3 of 12