EX-99.1 2 ex99_1xapr2018.htm EXHIBIT 99.1
Exhibit 99.1

|  |  | Ensco plc Fleet Status Report 23 April 2018 |  |  |

New Contracts and Extensions Floaters • ENSCO 8503 contract with Deep Gulf Energy in the U.S. Gulf of Mexico extended by two wells, with an estimated total duration of 130 days. Option wells transferred from ENSCO 8505 • ENSCO 8505 awarded a one-well contract with Eni in the U.S. Gulf of Mexico that is expected to commence in May 2018 • ENSCO 8505 awarded a two-well contract with Marubeni in the U.S. Gulf of Mexico that is expected to commence in May 2018 Jackups • ENSCO 108 expected to work in the Middle East from 4Q18 to 4Q21 • ENSCO 68 awarded a three-well contract with Energy XXI in the U.S. Gulf of Mexico that is expected to commence in May 2018 • ENSCO 68 awarded a two-well contract with Castex Energy in the U.S. Gulf of Mexico that is expected to commence in July 2018 • ENSCO 72 awarded a seven-well contract with Petrofac in the North Sea that is expected to commence in April 2018 • ENSCO 101 contract with Neptune Energy in the North Sea extended by three wells, with an estimated total duration of seven months. ENSCO 101 contract with ENGIE transferred to Neptune Energy following its acquisition of ENGIE E&P International in February 2018 • ENSCO 101 awarded a one-well contract with Nautical Petroleum in the North Sea that is expected to commence in July 2018 during a break between the first and second well of the Neptune Energy contract noted above • ENSCO 121 contract with INEOS in the North Sea extended by one well, with an estimated duration of 14 days Other • ENSCO DS-10 commenced a one-year contract with Shell offshore Nigeria during March 2018 • ENSCO DS-7 commenced a six-well contract with Noble Energy offshore Israel during April 2018 • ENSCO 8504 contract terminated by customer due to force majeure • ENSCO 7500, ENSCO 81 and ENSCO 82 sold for scrap value

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|  |  | Ensco plc Fleet Status Report 23 April 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 |  | Apache Deep Gulf Energy |  | U.S. GOM U.S. GOM |  | Apr. 18 Apr. 18 |  | Apr. 18 Aug. 18 |  | Contracted for one well (estimated duration 15 days) Contracted for two wells (estimated duration Apr. 18 to Aug. 18). Transferred from ENSCO 8505
ENSCO 8505 |  | Semisubmersible DP |  | 8500/10000 |  | Deep Gulf Energy Eni Marubeni Stone |  | U.S. GOM U.S. GOM U.S. GOM U.S. GOM |  | Nov. 17 May 18 May 18 Jun. 18 |  | Apr. 18 May 18 Jun. 18 Jul. 18 |  | Contracted for two wells (estimated duration Nov. 17 to Apr. 18). Plus two 1-well priced options transferred to ENSCO 8503 Contracted for one well (estimated duration 10 days) Contracted for two wells (estimated duration 45 days) Contracted for one well (estimated duration 30 days). Transferred from ENSCO 8503
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 DS-12 |  | Drillship, DP3 DSME |  | 12000 |  | Kosmos Energy |  | Suriname |  | Oct. 17 |  | May 18 |  | -----. Contracted for one well (estimated duration Apr. 18 to May 18). -----
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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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-7 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Noble Energy |  | Israel |  | Apr. 18 |  | Dec. 18 |  | Contracted 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 |  | Aug. 18 |  | Day rate of approx. $204,000, plus approx. $9,000 per day for mobilization and reimbursable upgrades amortized through Jul. 18
ENSCO DS-6 |  | Drillship, DP3 Samsung |  | 10000/12000 |  | Available |  | Spain |  |  |  |  |  |
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 23 April 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. We are in final discussions with the customer and expect to execute a contract amendment that will not impact the day rate or term. We do not expect a significant impact to our operating results from the amendment. See our Form 10-K filed with the SEC on February 27, 2018 for additional information.
ENSCO DS-10 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Shell |  | Nigeria |  | Mar. 18 |  | Mar. 19 |  | Plus five 1-year priced options

|  |  | Ensco plc Fleet Status Report 23 April 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 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 |  | Available |  | Singapore |  |  |  |  |  | A force majeure event was declared on the project ENSCO 8504 was scheduled to commence offshore Vietnam during Apr. 18 and the customer has terminated this contract
ENSCO DS-9 |  | Drillship, DP3 Samsung GF12000 |  | 10000/12000 |  | Available |  | 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 23 April 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 |  | ANKOR Energy Energy XXI Castex |  | U.S. GOM U.S. GOM U.S. GOM |  | Apr. 18 May 18 Jul. 18 |  | May 18 Jul. 18 Oct. 18 |  | Contracted for one well (estimated duration Apr. 18 to May 18) Contracted for three wells (estimated duration May 18 to Jul. 18) Contracted for two wells (estimated duration Jul. 18 to Oct. 18)
ENSCO 75 |  | MLT Super 116-C |  | 400 |  | Energy XXI Talos |  | U.S. GOM U.S. GOM |  | Feb. 18 May 18 |  | May 18 Sep. 18 |  | Contracted for two wells (estimated duration (Feb. 18 to May 18) Contracted for 120 days (estimated duration May 18 to Sep. 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 |  | Plus one 90-day option

|  |  | Ensco plc Fleet Status Report 23 April 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 |  | Petrofac |  | UK |  | Apr. 18 |  | Sep. 18 |  | Contracted for seven wells (estimated duration Apr. 18 to Sep. 18). Plus two 1-well options
ENSCO 80 |  | MLT 116-CE |  | 225 |  | Repsol-Sinopec |  | UK |  | Jun. 17 |  | May 18 |  | Contracted for 13 wells (estimated duration Jun. 17 to May 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 |  | Neptune Nautical Neptune |  | UK UK UK |  | Mar. 18 Jul. 18 Sep. 18 |  | May 18 Aug. 18 Jan. 19 |  | Contracted for one well (estimated duration Mar. 18 to May 18) Contracted for one well (estimated duration Jul. 18 to Aug. 18) Contracted for two wells (estimated duration Sep. 18 to Jan. 19). Plus unlimited 1-well options
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 |  | Jul. 18 |  | Contracted for five wells (estimated duration Jul. 17 to Jul. 18). Plus three 1-well priced options
ENSCO 122 |  | ENSCO 120 Series |  | 400 |  | NAM |  | Netherlands |  | Sep. 17 |  | Jul. 18 |  | Contracted for three wells (estimated duration Sep. 17 to Jul. 18). Plus various options through Dec. 20

|  |  | Ensco plc Fleet Status Report 23 April 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 |  | Nov. 18 |  | Day rate of approx. $127,000 to Nov. 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 2 Q18. 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 from 2Q18 to 2Q21
ENSCO 141 |  | ENSCO 140 Series |  | 340/400 |  | Contract Preparations |  | UAE |  |  |  |  |  | Expect to work in the Middle East from 3Q18 to 3Q21

|  |  | Ensco plc Fleet Status Report 23 April 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 |  |  |  |  |  | Expect to work in the Middle East from 4Q18 to 4Q21
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 23 April 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 |  |
Continuing Operations |  |
ENSCO 5005 |  | Semisubmersible - Conv F & G Enhanced Pacesetter |  | 1500/1700 |  | Cold Stacked |  | Singapore |  |  |  |  |  |
ENSCO 81 |  | MLT 116-C |  | 350 |  | Sold |  |  |  |  |  |  |  | Sold for scrap value. Immaterial gain on sale to be recognized in 2Q18
ENSCO 82 |  | MLT 116-C |  | 300 |  | Sold |  |  |  |  |  |  |  | Sold for scrap value. Immaterial gain on sale to be recognized in 2Q18
Discontinued Operations |  |
ENSCO 7500 |  | Semisubmersible DP |  | 7500/8000 |  | Sold |  |  |  |  |  |  |  | Sold for scrap value. Immaterial gain on sale recognized in 1Q18

(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 23 April 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 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; our ability to enter into, and the terms of, future drilling contracts; the cancellation of letters of intent or any failure to execute definitive contracts following announcements of letters of intent, 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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