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ENSCO OFFSHORE

Keppel FELS Divests Interest in Rig for $80m

Keppel FELS Limited (Keppel FELS) has transferred its entire 75% interest in ENSCO Enterprises Ltd II (JVC) to ENSCO Offshore International Company (ENSCO) for a cash consideration of US$80 million. The JVC is part of an alliance agreement with ENSCO to build, own and operate a jackup rig, ENSCO 106, valued at around US$105 million. The agreement carries an option for ENSCO to purchase Keppel FELS' entire interest in the rig prior to or upon delivery. The consideration is based on the book value of Keppel FELS’ 75% interest in the JVC.


Keppel FELS Delivers Rig to ENSCO

Keppel FELS Limited (Keppel FELS) delivered ENSCO 107, a KFELS B Class design jackup drilling rig to ENSCO International Inc (ENSCO) one month ahead of contractual schedule and within budget. Guest-of-Honor, Mr. S. Dhanabalan, chairman of Temasek Holdings Pte Limited and Mr. Lim Chee Onn, executive chairman of Keppel Corporation Limited, were present to witness the christening ceremony, which came one day after Keppel FELS and ENSCO inked a new contract for the construction of a $338 million


ENSCO Completes Financing Facility

ENSCO International Incorporated announced the closing of a new $195 million loan facility guaranteed by MARAD. The facility will be used to finance the ENSCO 7500 semisubmersible drilling rig currently being constructed for ENSCO by Friede Goldman Offshore. The rig is scheduled to commence drilling operations for Burlington Resources during the fourth quarter of 2000. The MARAD guarantee covers both interim financing during the construction period as well as 15 year bonds to be issued upon


Keppel FELS Wins $427m ENSCO Deal

Seen here are William S. Chadwick, Jr., Executive Vice President - COO of ENSCO; Tong Chong Heong, MD & COO of Keppel Offshore & Marine; Daniel W. Rabun, Chairman, President and CEO of ENSCO; Choo Chiau Beng, Chairman & CEO of Keppel Offshore & Marine and Mr Paul Wildberger, General Manager, Capital Projects of ENSCO, in front of ENSCO 8500. Keppel FELS won an order for an ultra-deepwater semisubmersible (semi) drilling rig from a wholly-owned subsidiary of ENSCO International Incorporated


ENSCO and Chiles Offshore Announce Agreement to Merge

ENSCO International Incorporated and Chiles Offshore Inc. announced that they have signed a definitive merger agreement by which ENSCO will acquire Chiles. The Boards of both companies have approved the transaction. Under the terms of the merger agreement, Chiles' stockholders will receive 0.6575 shares of ENSCO common stock, plus cash of $5.25, for each share of Chiles' common stock. Total value of the transaction is approximately $578 million based on ENSCO's closing price as of May 14


Ensco Takes Delivery of ENSCO 8504 Rig

Ensco has taken delivery of ENSCO 8504, the fifth of the seven ENSCO 8500 Series(R) rigs constructed by Keppel FELS Limited in Singapore. After mobilizing to Brunei to complete deepwater sea trials and final outfitting, ENSCO 8504 will commence a previously announced drilling contract with Total E&P Deep Offshore Borneo B.V. The proprietary design of the ENSCO 8500 Series(R) was developed with input from customers to address the drilling requirements for virtually every deepwater field


Ensco Marine Sells Tug Supply Boat

Ensco Marine of Broussand, La. has sold its anchor handling tug supply boat Ensco Giant to Odyssea Marine. The vessel was built in 1976 by Mangone Shipyard in Houston, Texas and was fitted with a Smatco DAW-250 double drum waterfall anchor handling/towing winch. The vessel will be renamed Odyssea Giant and used in offshore anchor handling and towing in support of the new owner's offshore construction business both domestically and internationally


Keppel FELS Secures ENSCO Order

Keppel FELS Limited (Keppel FELS) won a repeat order for an ultra-deepwater semisubmersible drilling rig from a wholly-owned subsidiary of ENSCO International Incorporated (ENSCO). The total project value is approximately $338 million. The semi is scheduled for delivery in the first quarter 2009. To be named ENSCO 8501, this rig is similar to the first semi, ENSCO 8500, which ENSCO ordered with Keppel FELS in September 2005


ENSCO 7500 Is A Groundbreaker

As the offshore market, particularly in the Gulf of Mexico, continues to heat up, news from Dallas heralds a new era of ensuring safety and efficiency. ENSCO International took delivery of its new semisubmersible ENSCO 7500 from Friede Goldman Halter of Port Arthur, Texas, marking the drilling rig's place in offshore history as the first to complete certificate of inspection requirements under the USCG Alternate Compliance Program (ACP), as facilitated by ABS of Houston.


Fairmount Delivers ENSCO Rig in Malta

Photo courtesy Fairmount Marine

Fairmount Marine said it had delivered rig ENSCO 5004 in Malta at the end of a voyage that began offshore Rio de Janeiro. Rig ENSCO 5004 is a 1982 built 94.7 meters long and 70.4 meters wide semi-submersible drilling rig. The towage of rig ENSCO 5004 from Rio de Janeiro to Malta took about 5,782 nautical miles and during the voyage speeds well over seven knots were reached. Fairmount Marine is a marine contractor for ocean towage and heavy lift transportation, headquartered in Rotterdam


Houlder Attracting Houston’s Offshore Engineering Talent

Garry Kennie

U.K.-based engineering group Houlder has launched a new venture to support clients headquartered in the United States following an increasing number of successful global projects for oil majors, operators and service providers. Houlder Americas Inc


GoM Drill Rig Damaged, Coast Guard Monitoring

ENSCO 8506: Photo courtesy of Keppel

The U.S. Coast Guard (USCG) is overseeing response efforts, as the offshore drilling rig ENSCO 8506 began taking sea-water into a ballast tank after being hit by a large wave in heavy seas more than 100 miles south of Galveston. The ballast tank is located in one of the rig's column ballast


Diamond Offshore profit falls as rig demand softens

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a 17 percent drop in quarterly profit as demand fell for rigs used in deep water drilling. Contract drillers face a tough year as vessels ordered during boom times are delivered just as energy


Diamond Offshore Shares on the Rise

Photo courtesy Diamond Offshore

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices, sending its shares up as much as 10.5 percent. The company - owned 50


Keppel Secures $225 Million Order From Ensco

Keppel FELS Limited, a wholly-owned subsidiary of Keppel Offshore & Marine has secured a contract to construct a KFELS B Class jackup rig, ENSCO 110, from Ensco plc. The construction cost, together with the commissioning, systems integration testing and project management is expected to be


Deepwater Market Surge Spurs Ensco Drillship Order

UK-based Ensco has ordered an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-10, will be the eighth Samsung DP3 drillship in the Ensco fleet, further extending the benefits of Ensco’s fleet standardization


Ensco Q2 2013 Contracted Revenue Backlog $11-biliion

Image courtesy of Ensco

Offshore drilling services provider Ensco on the crest of the wave according to their second quarter 2013 financial results. Record Revenues Totaling $1.2 Billion
 Operating Income Grew 12%
 $11 Billion of Contracted Revenue Backlog


Keppel Scores S$100 Million Upgrade and Repair Projects

Photo: Keppel

Keppel Offshore & Marine Ltd., through its wholly-owned subsidiaries, Keppel FELS and Keppel Verolme, has secured upgrade and repair contracts totaling about S$100million from repeat customers. Keppel FELS in Singapore will be undertaking the upgrade and modification of a semisubmersible


Enso Report Record Earnings, Revenues in Q3 2013

Offshore drilling rig owners Ensco plc record revenues of US$1.3-Billion in their third quarter 2013 financial report. Highlights: Record Revenues Totaling $1.3 Billion
 Record Earnings of $379 Million
 Earnings Per Share Grew 9%
$11 Billion of Contracted Revenue Backlog


Keppel FELS Delivers Jackup Rig to Ensco

ENSCO 121.jpg

Delivery marks 20th rig completion by Keppel FELS in 2013.   Keppel FELS Ltd. (Keppel FELS) has delivered ENSCO 121, the second ultra-premium harsh environment ENSCO 120 Series jackup rig, to Ensco plc (Ensco). Built to an enhanced version of Keppel’s proprietary KFELS Super A Class


Fairmount Tugboat Takes ENSCO Rig From Rio to Malta

Image courtesy of Fairmount Marine

Fairmount Marine say they have safely delivered the semi-submersible drilling rig ENSCO 5004 to Malta at the end of a voyage that began offshore Rio de Janeiro. The 5,782 nautical mile towage of the 94,7 meters long and 70,4 meters wide rig from from Rio de Janeiro to Malta was accomplished at


Transocean Estimates 18-24 Months to Recovery

Reuters - Transocean Ltd, owner of the world's largest offshore drilling fleet, said it could take up to 18-24 months for demand to recover as customers delay drilling programs. Demand for offshore rigs is tapering as major oil companies trim exploration and production budgets in the face of


Fairmount Tows Rig from Brazil to Singapore

Tug Fairmount Expedition (Photo: Fairmount Marine)

Fairmount Marine said it has safely delivered rig ENSCO 5002 in Singapore. The rig was towed from Rio de Janeiro, Brazil, via Cape Good Hope, by tug Fairmount Expedition. ENSCO 5002 is a 1975 built 70 meters long and 61 meters wide semisubmersible drilling rig


Two Unusual Medevacs: Research Ship Physician, Australian Sailor

Patient & PO Ulrich: Photo credit USCG

The ship's doctor on board a Norwegian research vessel in the Gulf of Mexico has been airlifted to hospital by a US Coastguard helicopter, and at the other end of the world, a sailor from an Australian warship remotely located off the country's far northwest coast also needed emergency medical


Sailor Rescued from HMAS Armidale

Following a combined operation yesterday involving a range of government and private agencies, a Royal Australian Navy sailor is now resting in hospital in Broome, Western Australia, following a casualty evacuation operation in Australia’s far North West Shelf region.


 
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