EX-99 2 ex99_1xjul20191.htm EXHIBIT 99 Exhibit

    

a072519fleetstatuscover.jpg



    

erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 2019
 

 
New Contracts and Extensions
       
       Floaters
Rowan Relentless awarded a one-well contract with EnVen Energy in the U.S. Gulf of Mexico that is expected to commence in October 2019
ENSCO DS-12 contract with BP offshore Senegal extended by one well, with an estimated duration of 60 days
ENSCO DPS-1 contract with Woodside offshore Australia extended by one well with an estimated duration of 15 days

       Jackups
ENSCO 120 contract with ConocoPhillips in the North Sea extended by two years
ENSCO 122 awarded a two-well contract with Shell in the North Sea that is expected to commence in January 2020
Rowan Gorilla V contract with Total in the North Sea extended by six months
ENSCO 72 awarded a 40-well P&A contract with Eni in the North Sea that is expected to commence in November 2019
ENSCO 101 awarded a one-well contract with Eni in the North Sea that is expected to commence in September 2019
ENSCO 109 contract with Chevron offshore Angola extended by two years
ENSCO 107 awarded a five-month contract with Chevron offshore Australia that is expected to commence in September 2019
ENSCO 104 contract with ADNOC offshore UAE extended by seven months
ENSCO 96 contract with Saudi Aramco offshore Saudi Arabia extended by three months
ENSCO 102 awarded a one-well contract with W&T Offshore in the U.S. Gulf of Mexico that is expected to commence in August 2019
ENSCO 102 awarded a one-well contract with GulfSlope Energy in the U.S. Gulf of Mexico that is expected to commence in October 2019
Joe Douglas contract with BP offshore Trinidad extended by one-well, with an estimated duration of 100 days
Rowan EXL II contract with BP offshore Trinidad extended by one-well, with an estimated duration of 45 days

Other
ENSCO 102 contracts with W&T Offshore and GulfSlope Energy, noted above, partially replace a previously disclosed contract with Fieldwood
Rowan Gorilla IV sold





 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Page 1 of 10


erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Asset Type / Status / Rig
 
Design
 
Year Delivered
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(1)
 
Comments
Drillships
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Marketed
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rowan Relentless (DS-18)
 
GustoMSC P10000
 
2015
 
ExxonMobil
EnVen
 
U.S. GOM
U.S. GOM
 
Sep. 18
Oct. 19
 
Oct. 19
Nov. 19
 
-----
Contracted for one well. Plus two 1-well options

Rowan Reliance (DS-17)
 
GustoMSC P10000
 
2014
 
Available
 
U.S. GOM
 
 
 
 
 
Rig to be mobilized to Spain where it will be available for hire
Rowan Resolute (DS-16)
 
GustoMSC P10000
 
2014
 
Fieldwood
 
U.S. GOM
 
Mar. 19

 
Mar. 20

 
Contracted for one year. Plus three 90-day unpriced options
Rowan Renaissance (DS-15)
 
GustoMSC P10000
 
2014
 
Total
Petronas
 
Mexico
Mexico
 
Jan. 19
Jun. 19

 
May 19
Sep. 19

 

Contracted for one well
ENSCO DS-12
 
DSME 12000
 
2014
 
BP
 
Senegal
 
Apr. 19
 
Sep. 19

 
Contracted for three wells. Plus three 1-well options
ENSCO DS-11

 
DSME 12000
 
2013
 
Available
 
Spain
 
 
 
 
 
 
ENSCO DS-10
 
Samsung GF12000
 
2017
 
Shell
 
Nigeria
 
Mar. 18
 
Mar. 20
 
Plus four 1-year priced options
ENSCO DS-9
 
Samsung GF12000
 
2015
 
Total
 
Brazil

 
Jun. 19

 
May 20

 
Contracted for four wells. Plus two 1-well options

ENSCO DS-8
 
Samsung GF12000
 
2015
 
Total
 
Angola
 
Nov. 15
 
Nov. 20
 
Day rate of approx. $620,000, plus approx. $14,000 p/d amortized through Nov. 20 for mobilization. Plus one 14-month priced option
ENSCO DS-7
 
Samsung 96K
 
2013
 
Burullus
 
Egypt
 
Apr. 19
 
Oct. 19
 
Contracted for 180 days. Plus eight 1-well options
ENSCO DS-6
 
Samsung 96K
 
2012
 
Available
 
Spain
 
 
 
 
 
 
ENSCO DS-4
 
Samsung 96K
 
2010
 
Chevron

 
Nigeria

 
Aug. 17
 
Jul. 19
 
Rig to be mobilized to Spain where it will be available for hire
Under Construction
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ENSCO DS-13
 
DSME 12000
 
 
 
Under Construction
 
South Korea
 
 
 
 
 
Scheduled delivery date 3Q19
ENSCO DS-14
 
DSME 12000
 
 
 
Under Construction
 
South Korea
 
 
 
 
 
Scheduled delivery date 2Q20
Preservation Stacked
 
 
 
 
 
 
 
 
 
 
 
 
ENSCO DS-5
 
Samsung 96K
 
2011
 
Preservation Stacked(2)

 
Spain
 
 
 
 
 
 
ENSCO DS-3
 
Samsung 96K
 
2010
 
Preservation Stacked(2)

 
Spain
 
 
 
 
 
 

Page 2 of 10


erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Asset Type / Status / Rig
 
Design
 
Year Delivered
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(1)
 
Comments
Semisubmersibles
 
 
 
 
 
 
 
 
 
 
 
 
Marketed
 
 
 
 
 
 
 
 
 
 
ENSCO DPS-1
 
F&G ExD Millennium, DP
 
2012
 
Woodside
Woodside
 
Australia
Australia
 
Feb. 18
Feb. 20
 
Jul. 19
Jun. 20
 
Contracted for 12 wells
Contracted for three wells. Plus one 7-well option
ENSCO 8505
 
ENSCO 8500 Series,
DP + Moored
 
2012
 
Eni


 
U.S. GOM
 
Jan. 19
 
Feb. 20
 
Contracted for six wells in the U.S. GOM and for two wells in Mexico
ENSCO 8504
 
ENSCO 8500 Series,
DP + Moored
 
2011
 
JAPEX
Demobilizing
 
Japan
-----
 
Apr. 19
 
Jul. 19
 

Rig is en route to Malaysia where it will be available for hire
ENSCO 8503
 
ENSCO 8500 Series,
DP + Moored
 
2010
 
Talos
Apache
Kosmos

 
Mexico
U.S. GOM
U.S. GOM
 
Nov. 18
Jul. 19
Sep. 19
 
Jun. 19
Sep. 19
Apr. 20
 

Contracted for four wells
Contracted for six wells. Plus one 140-day option
ENSCO MS-1
 
F&G ExD Millennium, Moored
 
2011
 
Available
 
Malaysia
 
 
 
 
 
 
ENSCO 6002
 
Megathyst, DP
 
2001
 
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
 
1999
 
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
 
1982
 
Mellitah
 
Mediterranean
 
Aug. 14
 
Feb. 20
 
Planned inspection for approx. 14 days in 3Q19
Preservation Stacked
 
 
ENSCO 8506
 
ENSCO 8500 Series, DP
 
2012
 
Preservation Stacked(2)
 
U.S. GOM
 
 
 
 
 
 
ENSCO 8502
 
ENSCO 8500 Series, DP
 
2010
 
Preservation Stacked(2)

 
U.S. GOM
 
 
 
 
 
 
ENSCO 8501
 
ENSCO 8500 Series, DP
 
2009
 
Preservation Stacked(2)

 
U.S. GOM
 
 
 
 
 
 
ENSCO 8500
 
ENSCO 8500 Series, DP
 
2008
 
Preservation Stacked(2)

 
U.S. GOM
 
 
 
 
 
 

Page 3 of 10


erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Asset Type / Rig
 
Design
 
Year Delivered
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(1)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Heavy Duty Ultra-Harsh Environment(3)
 
 
Rowan Norway (292)
 
KFELS N Class
 
2011
 
Turkish Petroleum
ConocoPhillips
 
Turkey
Norway
 
Nov. 18
Sep. 19
 
Jul. 19
Mar. 20
 

Plus one 6-month and one 13-month priced options
Rowan Stavanger (291)
 
KFELS N Class
 
2011
 
Repsol
Equinor
 
Norway
Norway
 
Nov. 18
Sep. 19
 
Apr. 19
Feb. 20
 

Plus one 5-well priced option and recurring 6-month priced options through Dec. 25
Rowan Viking
(290)
 
KFELS N Class
 
2010
 
MOL
Lundin
 
Norway
Norway
 
Apr. 19
Mar. 20
 
Aug. 19
Nov. 20
 

Contracted for seven wells, with minimum duration of 265 days. Plus four 1-well priced options
Bob Palmer
(250)
 
MLT Super Gorilla XL
 
2003
 
Saudi Aramco
 
Saudi Arabia
 
Jun. 18
 
Jun. 21
 
Leased to ARO Drilling(5)
Rowan Gorilla VII (249)
 
MLT Super Gorilla
 
2002
 
Chrysaor
 
UK
 
May 18
 
Nov. 19
 
Plus two 1-year unpriced options
Rowan Gorilla VI (248)
 
MLT Super Gorilla
 
2000
 
Shell
 
Trinidad
 
Apr. 18
 
Sep. 19
 
Contracted for drilling program until Apr. 19 then accommodation mode until Sep. 19. Plus one 2-month priced option
Rowan Gorilla V (247)
 
MLT Super Gorilla
 
1998
 
Total
 
UK
 
Sep. 17
 
Mar. 20
 
Plus one 8-month, one 3-month and one 6-month priced options

Page 4 of 10


erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Region / Rig
 
Design
 
Year Delivered
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(1)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Heavy Duty Harsh Environment(3)
 
 
ENSCO 123
 
KFELS Super A
 
2019
 
Contract Prep.
Premier
Premier
 
UK
UK
UK
 

Aug. 19
Jun. 20
 

Dec. 19
Jul. 21
 

Contracted for two wells. Plus one 1-well option
Contracted for four wells. Plus three 1-well options(4)
ENSCO 122
 
KFELS Super A
 
2014
 
NAM
Shell
 
UK
UK
 
Sep. 17
Jan. 20
 
Oct. 19
Oct. 20
 
-----
Contracted for two wells. Plus seven 1-well priced options
ENSCO 121
 
KFELS Super A
 
2013
 
Eni
ONE
Premier
 
UK
UK/Netherlands
UK
 
Dec. 18
Apr. 19
Mar. 20
 
Apr. 19
Dec. 19
May 20
 

Contracted for three wells. Plus three 1-well options
Contracted for one well. Plus two 1-well options(4)
ENSCO 120
 
KFELS Super A
 
2013
 
ConocoPhillips
 
UK
 
Jul. 17
 
Jul. 22
 
-----
ENSCO 102
 
KFELS MOD V-A
 
2002
 
Arena
Renaissance
W&T Offshore
GulfSlope
Fieldwood
 
U.S. GOM
U.S. GOM
U.S. GOM
U.S. GOM
U.S. GOM
 
Nov. 17
May 19
Aug. 19
Oct. 19
Nov. 19
 
Apr. 19
Aug. 19
Sep. 19
Nov. 19
Dec. 19
 


Contracted for one well
Contracted for one well
ENSCO 101
 
KFELS MOD V-A
 
2000
 
Neptune
Eni

 
Netherlands
UK

 
Oct. 18
Sep. 19

 
Aug. 19
Oct. 19

 
Inspection for 21 days in 2Q19
Contracted for one well

ENSCO 100
 
MLT Gorilla
 
1987
 
Repsol-Sinopec
Faroe Petroleum
 
UK
UK
 
Jun. 19
Nov. 19
 
Nov. 19
Jun. 20
 
Contracted for five wells
Contracted for nine P&A wells. Plus twelve 1-well options


Page 5 of 10


erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Region / Rig
 
Design
 
Year Delivered
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(1)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Heavy Duty(3)
 
 
Joe Douglas
(118)
 
LT 240-C
 
2011
 
BP
 
Trinidad
 
Aug. 16
 
Sep. 19
 
 
Ralph Coffman
(117)
 
LT 240-C
 
2009
 
GulfSlope
Undisclosed Operator
CGX
 
U.S. GOM
Trinidad

Guyana
 
Jul. 18
Jul. 19

Oct. 19

 
Jun. 19
Oct. 19

Dec. 19
 

Contracted for three wells. Plus four 2-well priced options after completion of CGX contract
Contracted for one well
Rowan Mississippi (116)
 
LT 240-C
 
2008
 
Saudi Aramco
 
Saudi Arabia
 
Dec. 18
 
Dec. 21
 
Leased to ARO Drilling(5)
ENSCO 115
 
Pacific Class 400
 
2013
 
Mubadala Petroleum
 
Thailand
 
Mar. 19
 
Jan. 20
 
Contracted for ten months. Plus one 2-month option and three 4-month options
ENSCO 114
 
Pacific Class 400
 
2012
 
Cold Stacked

 
Philippines
 
 
 
 
 
 
ENSCO 113
 
Pacific Class 400
 
2012
 
Cold Stacked

 
Philippines
 
 
 
 
 
 
ENSCO 111
 
KFELS MOD V-B
 
2003
 
Cold Stacked
 
Malta
 
 
 
 
 
 
ENSCO 110
 
KFELS MOD V-B
 
2015
 
North Oil Company
 
Qatar
 
Sep. 17
 
Sep. 20
 
Plus two 1-year priced options
ENSCO 109
 
KFELS MOD V-Super B
 
2008
 
Chevron
 
Angola
 
Dec. 14
 
Jul. 21
 
Inspection for 15 days in 2Q19
ENSCO 108
 
KFELS MOD V-B
 
2007
 
Saudi Aramco
 
Saudi Arabia
 
Nov. 18
 
Nov. 21
 
 
ENSCO 107
 
KFELS MOD V-B
 
2006
 
Jadestone Energy
Chevron
 
Australia
Australia
 
Mar. 19
Sep. 19
 
May 19
Jan. 20
 

Contracted for five months. Plus four 30-day priced options
ENSCO 106
 
KFELS MOD V-B
 
2005
 
BP
 
Indonesia
 
Jan. 18
 
Jan. 23
 
Plus 13 1-well priced options. Planned inspection for approx. 15 days in 4Q19 and 20 days in 1Q20
ENSCO 105
 
KFELS MOD V-B
 
2002
 
Preservation
Stacked(2)

 
Singapore
 
 
 
 
 
 
ENSCO 104
 
KFELS MOD V-B
 
2002
 
ADNOC
 
UAE
 
Feb. 18
 
Dec. 19
 
 

Page 6 of 10


erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Region / Rig
 
Design
 
Year Delivered
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(1)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Standard Duty - Modern
 
 
Earnest Dees
(148)
 
LT Super 116-E
 
2013
 
Saudi Aramco
 
Saudi Arabia
 
Aug. 19
 
Aug. 22
 
Leased to ARO Drilling(5)
Bess Brants
(147)
 
LT Super 116-E
 
2013
 
Saudi Aramco
 
Saudi Arabia
 
Jul. 19
 
Jul. 22
 
Leased to ARO Drilling(5)
Rowan EXL IV (146)
 
LT Super 116-E
 
2011
 
Saudi Aramco
 
Saudi Arabia
 
Sep. 18
 
Sep. 21
 
Leased to ARO Drilling(5)
Rowan EXL III (145)
 
LT Super 116-E
 
2010
 
Cantium
 
U.S. GOM
 
Nov. 18
 
Jul. 19
 
-----
Rowan EXL II
(144)
 
LT Super 116-E
 
2010
 
BP
Repsol
 
Trinidad
Guyana
 
Apr. 18
Sep. 19
 
Aug. 19
Oct. 19
 

Contracted for one well
Rowan EXL I
(143)
 
LT Super 116-E
 
2010
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 18
 
Oct. 21
 
Leased to ARO Drilling(5)
ENSCO 112
(142)
 
LT Super 116-E
 
2008
 
Cold Stacked
 
Malta
 
 
 
 
 
 
ENSCO 141
 
LT Super 116-E
 
2016
 
Saudi Aramco
 
Saudi Arabia
 
Aug. 18
 
Aug. 21
 
 
ENSCO 140
 
LT Super 116-E
 
2016
 
Saudi Aramco
 
Saudi Arabia
 
Jul. 18
 
Jun. 21
 
 
ENSCO 76
 
MLT Super 116-C
 
2000
 
Saudi Aramco
 
Saudi Arabia
 
Jan. 15
 
Dec. 22
 
Inspection for 15 days in 2Q19. Planned inspection for approx. 60 days in 1Q20
ENSCO 75
 
MLT Super 116-C 
 
1999
 
Talos
 
U.S. GOM


 
May 18

 
Sep. 19
 
Plus one 90-day option

Page 7 of 10


erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Region / Rig
 
Design
 
Year Delivered
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(1)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Standard Duty
 
 
ENSCO 96
 
Hitachi 250-C
 
1982
 
Saudi Aramco
 
Saudi Arabia
 
Feb. 15
 
Oct. 19
 
 
ENSCO 92
 
MLT 116-C
 
1982
 
ConocoPhillips
 
UK
 
Feb. 17
 
Dec. 22
 
 
ENSCO 88
 
MLT 82 SD-C
 
1982
 
Saudi Aramco
 
Saudi Arabia
 
Nov. 13
 
Nov. 19
 
Day rate of approx. $65,000
ENSCO 87
 
MLT 116-C
 
1982
 
ExxonMobil
Available



 
U.S. GOM
U.S. GOM


 
 
Nov. 18

 
Jun. 19
 
 
ENSCO 84
 
MLT 82 SD-C
 
1981
 
Saudi Aramco
 
Saudi Arabia
 
Jan. 17
 
Aug. 21
 
Day rate of approx. $72,000. Planned inspection for approx. 60 days in 3Q20 and 60 days in 4Q20
ENSCO 72
 
Hitachi K1025N
 
1981
 
Petrofac
Eni

 
UK
UK

 
May 19
Nov. 19


 
Jul. 19
Aug. 22


 

Contracted for 40-well P&A program. Planned inspection for 14 days in 2Q20
ENSCO 71
 
Hitachi K1032N
 
1982
 
Preservation
Stacked(2)
 
UK
 
 
 
 
 
 
ENSCO 70
 
Hitachi K1032N
 
1981
 
Preservation
Stacked(2)
 
UK
 
 
 
 
 
 
ENSCO 68
 
MLT 84-CE
 
1976
 
Castex
Ankor
Castex
 
U.S. GOM
U.S. GOM
U.S. GOM
 
Aug. 18
May 19
Aug. 19
 
Apr. 19
Jun. 19
Sep. 19
 


Contracted for one well
ENSCO 67
 
MLT 84-CE
 
1976
 
Pertamina
 
Indonesia
 
Jan. 19
 
May 20
 
Contracted for 500 days
ENSCO 54
 
F&G L-780 Mod II-C
 
1982
 
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
Rowan California (42)
 
MLT 116-C
 
1983
 
Cold Stacked
 
Bahrain
 
 
 
 
 
 
Arch Rowan
(37)
 
MLT 116-C
 
1981
 
Saudi Aramco
 
Saudi Arabia
 
Sep. 18
 
Sep. 21
 
Leased to ARO Drilling(5)
Charles Rowan
(36)
 
MLT 116-C
 
1981
 
Saudi Aramco
 
Saudi Arabia
 
Sep. 18
 
Sep. 21
 
Leased to ARO Drilling(5)
Rowan Middletown (22)
 
MLT 116-C
 
1980
 
Saudi Aramco
 
Saudi Arabia
 
Sep. 18
 
Sep. 21
 
Leased to ARO Drilling(5)

Page 8 of 10


erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment / Rig
 
Design
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(1)
 
Comments
Other
 
 
 
 
 
 
 
 
 
 
 
 
Drilling Management
 
 
Thunder Horse
 
Deepwater Semisubmersible
 
BP
 
U.S. GOM
 
Jan. 17
 
Jan. 22
 
Day rate of approx. $127,000 from Apr. 19. Plus five 1-year options
Mad Dog
 
Deepwater Spar Drilling Rig
 
BP
 
U.S. GOM
 
Jan. 17
 
Jan. 22
 
Day rate of approx. $86,000 from Apr. 19. Plus five 1-year options
 
 
 
 
 
 
 
 
 
 
 
 
 
ARO Drilling
 
 
 
 
 
 
 
 
 
 
 
 
Jackup Rigs Owned by ARO Drilling
 
 
Gilbert Rowe
 
MLT 116-C
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 17
 
Oct. 20
 
Day rate of approx. $69,000
Bob Keller
 
LT Tarzan 225-C
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 17
 
Oct. 20
 
Day rate of approx. $130,000
J.P. Bussell
 
LT Tarzan 225-C
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 17
 
Oct. 20
 
Day rate of approx. $130,000
Hank Boswell
 
LT Tarzan 225-C
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 18
 
Oct. 21
 
Undisclosed day rate. Inspection for 14 days in 3Q19
Scooter Yeargain
 
LT Tarzan 225-C
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 18
 
Oct. 21
 
Undisclosed day rate
SAR 201
 
BMC 200-H
 
Saudi Aramco
 
Saudi Arabia
 
Feb. 18
 
Feb. 21
 
Day rate of approx. $79,000
SAR 202
 
KFELS Super B
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 17
 
Oct. 20
 
Day rate of approx. $195,000
 
 
 
 
 
 
 
 
 
 
 
 
 
Held for Sale
 
 
 
 
 
 
 
 
 
 
 
 
Rowan Gorilla IV
 
MLT Gorilla
 
Sold
 
 
 
 
 
 
 
 

(1) 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.
(2) 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 EnscoRowan personnel. These steps are designed to reduce the time and lower cost to reactivate the rig when market conditions improve.
(3) Heavy duty jackups are well-suited for operations in tropical revolving storm areas.
(4) EnscoRowan 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 9 of 10


erlockupinterima02.jpg
 
 
Ensco Rowan plc
Fleet Status Report
July 25, 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.

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