ENSCO International Incorporated reported a net loss of $10.7 million ($0.07 per diluted share) on revenues of $206.8 million for the three months ended December 31, 2002, compared to net income of $29.9 million ($0.22 per diluted share) on revenues of $179.1 million for the three months ended December 31, 2001. Included in the fourth quarter results is a $46.1 million non-cash after tax charge ($0.31 per diluted share) for impairment of the Company's Venezuela assets and operations due to the ongoing political and economic uncertainty in Venezuela and the resulting virtual shutdown of industry activity. Excluding this impairment charge, the Company's net income for the quarter ended December 31, 2002, was $35.4 million ($0.24 per diluted share).