EX-99.1 2 ex99_1xapr2019.htm EXHIBIT 99.1
Exhibit 99.1

Exhibit 99.1

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

New Contracts and Extensions Floaters • ENSCO DS-9 awarded a four-well contract with Total offshore Brazil that is expected to commence in June 2019 • ENSCO DS-7 awarded a 180-day contract with Burullus Gas Company offshore Egypt, which commenced in April 2019 • ENSCO 8503 awarded a six-well contract with Kosmos Energy in the U.S. Gulf of Mexico that is expected to commence in August 2019 Jackups • ENSCO 100 awarded a nine-well contract with Faroe Petroleum in the North Sea that is expected to commence in November 2019. As a result, a previously disclosed contract with Premier is expected to be fulfilled by an ENSCO 120 Series rig • ENSCO 72 awarded a three-well contract with Petrofac in the North Sea that is expected to commence in May 2019 • ENSCO 101 contract with Neptune in the North Sea extended by one well, with an estimated duration of three months • ENSCO 122 contract with NAM in the North Sea extended by one well, with an estimated duration of 30 days • ENSCO 68 awarded a one-well contract with Ankor Energy in the U.S. Gulf of Mexico that is expected to commence in May 2019, replacing a previously disclosed one-well contract with Fieldwood Other • ENSCO 97 sold |  | Contract Backlog(1) ($ millions) | 2019 | 2020 | 2021 | 2022 and Beyond | Total
| Floaters | $ | 664.3 |  | $ | 271.5 |  | $ | — |  | $ | — |  | $ | 935.8 |
| Jackups | 544.1 |  | 349.7 |  | 191.8 |  | 103.8 |  | 1,189.4 |
| Other(2) | 124.9 |  | 170.6 |  | 146.9 |  | 9.0 |  | 451.4 |
| Total | $ | 1,333.3 |  | $ | 791.8 |  | $ | 338.7 |  | $ | 112.8 |  | $ | 2,576.6 |
| Contract Days(1) | 2019 | 2020 | 2021 |  |
| Floaters | 3,220 |  | 787 |  | — |  |  |
| Jackups | 6,865 |  | 4,352 |  | 2,612 |  |  |
| Other | 2,811 |  | 4,026 |  | 3,284 |  |  |
| Total | 12,896 |  | 9,165 |  | 5,896 |  |  |
| (1) Contract backlog and contract days as of March 31, 2019 exclusive of performance bonus, adjusted for drilling contracts signed or terminated after March 31, 2019 but prior to filing the Fleet Status Report on Form 8-K on April 29, 2019. (2) "Other" includes contract backlog related to bareboat charter agreements for nine EnscoRowan rigs leased to ARO Drilling.

Page 1 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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

Asset Type / Status / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Drillships |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketed |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rowan Relentless |  | GustoMSC P10000 |  | 12000 |  | ExxonMobil |  | U.S. GOM |  | Sep. 18 |  | Nov. 19 |  | Plus one 1-well priced option
Rowan Reliance |  | GustoMSC P10000 |  | 12000 |  | Available |  | U.S. GOM |  |  |  |  |  |
Rowan Resolute |  | GustoMSC P10000 |  | 12000 |  | LLOG Fieldwood |  | U.S. GOM U.S. GOM |  | Jun. 18 Mar. 19 |  | Feb. 19 Mar. 20 |  | Contracted for one year. Plus three 90-day unpriced options
Rowan Renaissance |  | GustoMSC P10000 |  | 12000 |  | Total Petronas |  | Mexico Mexico |  | Jan. 19 Jun. 19 |  | May 19 Sep. 19 |  | 35 days at zero rate in 1Q19 Contracted for one well expected to commence in Jun. 19. -----
ENSCO DS-12 |  | DSME 12000 |  | 12000 |  | BP |  | Senegal |  | Apr. 19 |  | Sep. 19 |  | Contracted for two wells. Plus four 1-well options
ENSCO DS-11 |  | DSME 12000 |  | 12000 |  | Available |  | Spain |  |  |  |  |  |
ENSCO DS-10 |  | Samsung GF12000 |  | 10000/12000 |  | Shell |  | Nigeria |  | Mar. 18 |  | Mar. 20 |  | Plus four 1-year priced options
ENSCO DS-9 |  | Samsung GF12000 |  | 10000/12000 |  | Total Total |  | French Guiana Brazil |  | Dec. 18 Jun. 19 |  | Mar. 19 May 20 |  | Contracted for one well Contracted for four wells. Plus two 1-well options
ENSCO DS-8 |  | Samsung GF12000 |  | 10000/12000 |  | Total |  | Angola |  | Nov. 15 |  | Nov. 20 |  | Day rate of approx. $620,000, plus approx. $14,000 per day amortized through Nov. 20 for mobilization. Plus one 14-month priced option
ENSCO DS-7 |  | Samsung 96K |  | 10000/12000 |  | Burullus |  | Egypt |  | Apr. 19 |  | Oct. 19 |  | Contracted for 180 days. Plus eight 1-well options

Page 2 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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

Asset Type / Status / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Drillships |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketed |  |  |  |  |  |  |  |  |  |
ENSCO DS-6 |  | Samsung 96K |  | 10000/12000 |  | Available |  | Spain |  |  |  |  |  |
ENSCO DS-4 |  | Samsung 96K |  | 10000/12000 |  | Chevron |  | Nigeria |  | Aug. 17 |  | Jul. 19 |  | -----
Under Construction |  |  |  |  |  |  |  |  |  |
ENSCO DS-13 |  | DSME 12000 |  | 12000 |  | Under Construction |  | South Korea |  |  |  |  |  | Scheduled delivery date 3Q19
ENSCO DS-14 |  | DSME 12000 |  | 12000 |  | Under Construction |  | South Korea |  |  |  |  |  | Scheduled delivery date 2Q20
Preservation Stacked |  |  |  |  |  |  |  |  |  |
ENSCO DS-5 |  | Samsung 96K |  | 10000/12000 |  | Preservation Stacked(3) |  | Spain |  |  |  |  |  |
ENSCO DS-3 |  | Samsung 96K |  | 10000/12000 |  | Preservation Stacked(3) |  | Spain |  |  |  |  |  |

Page 3 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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

Asset Type / Status / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Semisubmersibles |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketed |  |
ENSCO DPS-1 |  | F&G ExD Millennium, DP |  | 10000 |  | Woodside Woodside |  | Australia Australia |  | Feb. 18 Feb. 20 |  | Jun. 19 May 20 |  | Contracted for 12 wells Contracted for two wells expected to commence in Feb. 20. Plus one 7-well option
ENSCO 8505 |  | ENSCO 8500 Series, DP + Moored |  | 8500/10000 |  | Eni |  | U.S. GOM |  | Jan. 19 |  | Dec. 19 |  | Contracted for six wells in the U.S. GOM and for two wells in Mexico
ENSCO 8504 |  | ENSCO 8500 Series, DP + Moored |  | 8500/10000 |  | JAPEX |  | Japan |  | Apr. 19 |  | Jul. 19 |  | Contracted for one well
ENSCO 8503 |  | ENSCO 8500 Series, DP + Moored |  | 8500/10000 |  | Talos Apache Kosmos |  | Mexico U.S. GOM U.S. GOM |  | Nov. 18 Jul. 19 Aug. 19 |  | Jun. 19 Aug. 19 Mar. 20 |  | Contracted for four wells expected to commence in Jul. 19 Contracted for six wells expected to commence in Aug. 19
ENSCO MS-1 |  | F&G ExD Millennium, Moored |  | 8200 |  | Available |  | Malaysia |  |  |  |  |  |
ENSCO 6002 |  | Megathyst, DP |  | 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 5006 |  | Bingo 8000, Moored |  | 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 5004 |  | F&G Enhanced Pacesetter, Moored |  | 1500 |  | Mellitah |  | Mediterranean |  | Aug. 14 |  | Dec. 19 |  |

Page 4 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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

Asset Type / Status / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Semisubmersibles |  |  |  |  |  |  |  |  |  |  |  |  |  |
Preservation Stacked |  |
ENSCO 8506 |  | ENSCO 8500 Series, DP |  | 8500/10000 |  | Preservation Stacked(3) |  | U.S. GOM |  |  |  |  |  |
ENSCO 8502 |  | ENSCO 8500 Series, DP |  | 8500/10000 |  | Preservation Stacked(3) |  | U.S. GOM |  |  |  |  |  |
ENSCO 8501 |  | ENSCO 8500 Series, DP |  | 8500/10000 |  | Preservation Stacked(3) |  | U.S. GOM |  |  |  |  |  |
ENSCO 8500 |  | ENSCO 8500 Series, DP |  | 8500/10000 |  | Preservation Stacked(3) |  | U.S. GOM |  |  |  |  |  |

Page 5 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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 America |  |
Ralph Coffman |  | LT 240-C |  | 350 |  | GulfSlope Energy Undisclosed Operator CGX |  | U.S. GOM Trinidad Guyana |  | Jul. 18 Jun. 19 Dec. 19 |  | May 19 Nov. 19 Jan. 20 |  | Contracted for 3 wells. Plus four 2-well priced options after completion of CGX contract Contracted for 1 well expected to commence after completion of prior customer contract
Rowan EXL III |  | LT Super 116-E |  | 350 |  | Cantium |  | U.S. GOM |  | Nov. 18 |  | Aug. 19 |  | Plus two 6-month options
ENSCO 102 |  | KFELS MOD V-A |  | 400 |  | Arena Renaissance Fieldwood |  | U.S. GOM U.S. GOM U.S. GOM |  | Nov. 17 Apr. 19 Jun. 19 |  | Apr. 19 Jun. 19 Nov. 19 |  | Contracted for one well. Plus one 1-well option Contracted for three wells expected to commence in Jun. 19. Plus one 2-well option
ENSCO 75 |  | MLT Super 116-C |  | 400 |  | Talos |  | U.S. GOM |  | May 18 |  | Sep. 19 |  | Plus one 90-day option
ENSCO 87 |  | MLT 116-C |  | 350 |  | ExxonMobil |  | U.S. GOM |  | Nov. 18 |  | May 19 |  | Contracted for 11 wells
ENSCO 68 |  | MLT 84-CE |  | 400 |  | Castex Ankor Castex |  | U.S. GOM U.S. GOM U.S. GOM |  | Aug. 18 May 19 Jun. 19 |  | Apr. 19 Jun. 19 Jul. 19 |  | Contracted for two wells Contracted for one well expected to commence in May 19. Replaces previously disclosed Fieldwood contract Contracted for one well
Central & South America |  |
Rowan Gorilla VI |  | MLT Super Gorilla |  | 400 |  | Shell |  | Trinidad |  | Apr. 18 |  | Sep. 19 |  | Contracted for drilling program until approx. Apr. 19 then accommodation mode until approx. Sep. 19. Plus one 2-month priced option
Joe Douglas |  | LT 240-C |  | 350 |  | BP |  | Trinidad |  | Aug. 16 |  | Jun. 19 |  | -----
Rowan EXL II |  | LT Super 116-E |  | 350 |  | BP Repsol |  | Trinidad Guyana |  | Apr. 18 Aug. 19 |  | Jun. 19 Oct. 19 |  | Contracted for one well expected to commence in Aug. 19

Page 6 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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 |  |
Rowan Norway |  | KFELS N Class |  | 400 |  | Turkish Petroleum ConocoPhillips |  | Turkey Norway |  | Nov. 18 Jun. 19 |  | May 19 Jan. 20 |  | Plus one 6-month priced option and one 12-month priced option
Rowan Stavanger |  | KFELS N Class |  | 400 |  | Repsol Equinor |  | Norway Norway |  | Nov. 18 Sep. 19 |  | Apr. 19 Feb. 20 |  | Plus five 1-well priced options
Rowan Viking |  | KFELS N Class |  | 400 |  | MOL Lundin |  | Norway Norway |  | Apr. 19 Mar. 20 |  | Aug. 19 Nov. 20 |  | Contracted for seven wells, with minimum duration of 265 days expected to commence in Mar. 20. Plus four 1-well priced options
Rowan Gorilla VII |  | MLT Super Gorilla |  | 400 |  | Chrysaor |  | UK |  | May 18 |  | Nov. 19 |  | Plus two 1-year unpriced options
Rowan Gorilla V |  | MLT Super Gorilla |  | 400 |  | Total |  | UK |  | Sep. 17 |  | Sep. 19 |  | Plus one 6-month priced option
ENSCO 122 |  | KFELS Super A |  | 400 |  | NAM |  | UK |  | Sep. 17 |  | Aug. 19 |  | Contracted for six wells. Plus various options through Dec. 20
ENSCO 121 |  | KFELS Super A |  | 400 |  | Eni ONE Premier |  | UK UK/Netherlands UK |  | Dec. 18 Apr. 19 Mar. 20 |  | Apr. 19 Dec. 19 May 20 |  | Contracted for one well Contracted for three wells expected to commence in Apr. 19. Plus three 1-well options Contracted for one well expected to commence in Mar. 20. Plus two 1-well options. Transferred from ENSCO 100(4)
ENSCO 120 |  | KFELS Super A |  | 400 |  | ConocoPhillips |  | UK |  | Jul. 17 |  | Jul. 20 |  | Plus two 1-year options
ENSCO 101 |  | KFELS MOD V-A |  | 400 |  | Neptune |  | UK |  | Oct. 18 |  | Jul. 19 |  | Inspection for 21 days in 2Q19. -----

Page 7 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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 (continued) |  |
ENSCO 100 |  | MLT 150-88-C |  | 350 |  | Repsol-Sinopec Faroe Petroleum |  | UK UK |  | Jun. 19 Nov. 19 |  | Nov. 19 Jun. 20 |  | Contracted for five wells expected to commence in Jun. 19 Contracted for nine P&A wells expected to commence after completion of Repsol-Sinopec contract. Plus twelve 1-well options
ENSCO 92 |  | MLT 116-C |  | 225 |  | ConocoPhillips |  | UK |  | Feb. 17 |  | Dec. 22 |  |
ENSCO 72 |  | Hitachi K1025N |  | 225 |  | Corallian Petrofac |  | UK UK |  | Dec. 18 May 19 |  | Mar. 19 Jul. 19 |  | Contracted for three wells expected to commence in May 19
ENSCO 112 |  | LT Super 116-E |  | 350 |  | Cold Stacked |  | Malta |  |  |  |  |  |
ENSCO 111 |  | KFELS MOD V-B |  | 400 |  | Cold Stacked |  | Malta |  |  |  |  |  |
ENSCO 71 |  | Hitachi K1032N |  | 225 |  | Preservation Stacked(3) |  | UK |  |  |  |  |  |
ENSCO 70 |  | Hitachi K1032N |  | 250 |  | Preservation Stacked(3) |  | UK |  |  |  |  |  |
Africa |  |
ENSCO 109 |  | KFELS MOD V-Super B |  | 350 |  | Chevron |  | Angola |  | Dec. 14 |  | Jul. 19 |  | Planned inspection for approx. 15 days in 2Q19

Page 8 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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 141 |  | LT Super 116-E |  | 340/400 |  | Saudi Aramco |  | Saudi Arabia |  | Aug. 18 |  | Aug. 21 |  |
ENSCO 140 |  | LT Super 116-E |  | 340/400 |  | Saudi Aramco |  | Saudi Arabia |  | Jul. 18 |  | Jun. 21 |  |
ENSCO 110 |  | KFELS MOD V-B |  | 400 |  | North Oil Company |  | Qatar |  | Sep. 17 |  | Sep. 20 |  | Plus one 1-year priced option
ENSCO 108 |  | KFELS MOD V-B |  | 400 |  | Saudi Aramco |  | Saudi Arabia |  | Nov. 18 |  | Nov. 21 |  |
ENSCO 104 |  | KFELS MOD V-B |  | 400 |  | ADNOC |  | UAE |  | Feb. 18 |  | May 19 |  |
ENSCO 76 |  | MLT Super 116-C |  | 350 |  | Saudi Aramco |  | Saudi Arabia |  | Jan. 15 |  | Dec. 22 |  | Planned inspection for approx. 15 days in 2Q19
ENSCO 54 |  | F&G L-780 Mod II-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Sep. 14 |  | Sep. 22 |  | Day rate of approx. $72,000, plus approx. $5,000 per day for upgrade costs and mobilization amortized through Sep. 22
ENSCO 96 |  | Hitachi 250-C |  | 250 |  | Saudi Aramco |  | Saudi Arabia |  | Feb. 15 |  | Aug. 19 |  |
ENSCO 88 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | Saudi Arabia |  | Nov. 13 |  | Nov. 19 |  | Day rate of approx. $65,000
ENSCO 84 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco |  | Saudi Arabia |  | Jan. 17 |  | Aug. 21 |  | Day rate of approx. $72,000
Rowan California |  | MLT 116-C |  | 300 |  | Cold Stacked |  | Bahrain |  |  |  |  |  |

Page 9 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asia & Pacific Rim |  |
ENSCO 115 |  | Pacific Class 400 |  | 400 |  | Mubadala Petroleum |  | Thailand |  | Mar. 19 |  | Jan. 20 |  | Contracted for ten months. Plus one 2-month option and three 4-month options
ENSCO 107 |  | KFELS MOD V-B |  | 400 |  | Quadrant Energy/ Vermilion Energy Jadestone Energy |  | Australia Australia |  | May 18 Mar. 19 |  | Jan. 19 May 19 |  | Contracted for 160 days with Quadrant. Assigned to Vermilion for two wells. Contracted for one well. Plus one 1-well option
ENSCO 106 |  | KFELS MOD V-B |  | 400 |  | BP |  | Indonesia |  | Jan. 18 |  | Jan. 23 |  | Plus 13 1-well priced options
ENSCO 67 |  | MLT 84-CE |  | 400 |  | Pertamina |  | Indonesia |  | Jan. 19 |  | May 20 |  | Contracted for 500 days
ENSCO 114 |  | Pacific Class 400 |  | 400 |  | Cold Stacked |  | Philippines |  |  |  |  |  |
ENSCO 113 |  | Pacific Class 400 |  | 400 |  | Cold Stacked |  | Philippines |  |  |  |  |  |
ENSCO 105 |  | KFELS MOD V-B |  | 400 |  | Preservation Stacked(3) |  | Singapore |  |  |  |  |  |
Under Construction |  |
ENSCO 123 |  | KFELS Super A |  | 400 |  | Contract Prep. Premier Premier |  | Singapore UK UK |  | Jul. 19 Jun. 20 |  | Oct. 19 Jul. 21 |  | Contracted for two wells expected to commence in Jul. 19. Plus one 1-well option Contracted for four wells expected to commence in Jun. 20. Plus three 1-well options(4)

Page 10 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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

Segment / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |
Jackup Rigs Leased to ARO Drilling(5) |  |
Bob Palmer |  | MLT Super Gorilla XL |  | 475 |  | Saudi Aramco |  | Saudi Arabia |  | Jun. 18 |  | Jun. 21 |  |
Rowan Mississippi |  | LT 240-C |  | 375 |  | Saudi Aramco |  | Saudi Arabia |  | Dec. 18 |  | Dec. 21 |  |
Earnest Dees |  | LT Super 116-E |  | 350 |  | Saudi Aramco |  | Saudi Arabia |  | Jul. 19 |  | Jul. 22 |  |
Bess Brants |  | LT Super 116-E |  | 350 |  | Saudi Aramco |  | Saudi Arabia |  | Jul. 19 |  | Jul. 22 |  |
Rowan EXL IV |  | LT Super 116-E |  | 320 |  | Saudi Aramco |  | Saudi Arabia |  | Sep. 18 |  | Sep. 21 |  |
Rowan EXL I |  | LT Super 116-E |  | 350 |  | Saudi Aramco |  | Saudi Arabia |  | Oct. 18 |  | Oct. 21 |  |
Arch Rowan |  | MLT 116-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Sep. 18 |  | Sep. 21 |  | Inspection for 14 days in 1Q19
Charles Rowan |  | MLT 116-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Sep. 18 |  | Sep. 21 |  |
Rowan Middletown |  | MLT 116-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Sep. 18 |  | Sep. 21 |  | Inspection for 14 days in 1Q19
Drilling Management |  |
Thunder Horse |  | Deepwater Semisubmersible |  | 6000 |  | BP |  | U.S. GOM |  | Jan. 17 |  | Jan. 22 |  | Day rate of approx. $95,000 to Mar. 19. Day rate increased to approx. $127,000 from Apr. 19. Plus 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 to Mar. 19. Day rate increased to approx. $86,000 from Apr. 19. Plus five 1-year options

Page 11 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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

Segment / Rig |  | Design |  | Water Depth'(1) |  | Customer/ Status |  | Location |  | Contract Start Date |  | Contract End Date(2) |  | Comments
ARO Drilling |  |  |  |  |  |  |  |  |  |  |  |  |  |
Jackup Rigs Owned by ARO Drilling |  |
Gilbert Rowe |  | MLT 116-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Oct. 17 |  | Oct. 20 |  | Day rate of approx. $69,000
Bob Keller |  | LT Tarzan 225-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Oct. 17 |  | Oct. 20 |  | Day rate of approx. $130,000
J.P. Bussell |  | LT Tarzan 225-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Oct. 17 |  | Oct. 20 |  | Day rate of approx. $130,000. Inspection for 14 days in 1Q19
Hank Boswell |  | LT Tarzan 225-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Oct. 18 |  | Oct. 21 |  | Undisclosed day rate. Planned inspection for 14 days in 2Q19
Scooter Yeargain |  | LT Tarzan 225-C |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Oct. 18 |  | Oct. 21 |  | Undisclosed day rate. Inspection for 14 days in 1Q19
SAR 201 |  | BMC 200-H |  | 200 |  | Saudi Aramco |  | Saudi Arabia |  | Feb. 18 |  | Feb. 21 |  | Day rate of approx. $79,000
SAR 202 |  | KFELS Super B |  | 300 |  | Saudi Aramco |  | Saudi Arabia |  | Oct. 17 |  | Oct. 20 |  | Day rate of approx. $195,000
Held for Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing Operations |  |
ENSCO 97 |  | MLT 82 SD-C |  | 250 |  | Saudi Aramco Sold |  | Saudi Arabia |  | Jan. 15 |  | Feb. 19 |  | Day rate of approx. $65,000 Immaterial gain on sale to be recognized in 2Q19
Rowan Gorilla IV |  | MLT Gorilla |  | 450 |  | 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.
(4) Ensco has the right to provide any ENSCO 120 Series rig to fulfill these Premier contracts.
(5) Rigs leased to ARO Drilling via bareboat charter agreements to fulfill contracts between ARO Drilling and Saudi Aramco
Page 12 of 13

|  |  | Ensco Rowan plc Fleet Status Report April 29, 2019 |

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.
Forward Looking Statements. 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 Ensco plc and Rowan Companies plc; risks related to our joint venture with Saudi Aramco, including the timing and amount of future distributions from the joint venture or contributions to the joint venture; 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.enscorowan.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 13 of 13