Ensco Q2 2013 Contracted Revenue Backlog $11-biliion
Offshore drilling services provider Ensco on the crest of the wave according to their second quarter 2013 financial results. Chairman, President and Chief Executive Officer Dan Rabun stated, “We continue to see strong, broad-based customer demand given the steady pace of new discoveries that must be appraised and developed. Mr. Revenues grew 17% to a record $1.248 billion in second quarter 2013 from $1.071 billion a year ago. Operating income grew 12% to $452 million and earnings increased $20 million to a record $361 million.
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 strategy. It will be built at the Samsung Heavy Industries, Co. Ltd. (SHI) shipyard in South Korea, with delivery scheduled for the third quarter of 2015. The agreement includes an option for an additional drillship of the same design. Ensco Chairman, President and CEO Dan Rabun said, “We continue to see very strong demand for rigs in existing deepwater markets, along with growing demand from emerging exploration areas.
ABS to Class Ensco Deepwater Drillships
Ensco plc has selected ABS as the class society for its advanced-capability, ultra deepwater drillship to be built at the Samsung Heavy Industries, Co. Ltd (SHI) Shipyard in Geoje, South Korea. The ENSCO DS-8 will be the sixth Samsung DP3 drillship in the fleet and will extend the benefits of Ensco’s fleet standardization strategy. With drilling capabilities in water depths to 12,000 feet and a total vertical drilling depth of 40,000 feet, this new vessel will meet the demands of ultra deepwater drilling. “Samsung is the market leader in drillship newbuilds and utilizes advanced shipbuilding technology. We’re proud that ABS will be the first class society to deliver this new drillship design,” says In Yong Jeong, ABS District Principle Surveyor.
Korean Shipyard Wins Ultra-deepwater Drillship Contract
Ensco plc has has ordered a new advanced-capability, ultra-deepwater drillship to be built at the Samsung Heavy Industries, Co. Ltd. (SHI) Shipyard in Geoje, South Korea. The vessel, ENSCO DS-8, will be the sixth Samsung DP3 drillship in the Ensco fleet, extending the benefits of Ensco’s fleet standardization strategy. It is scheduled for delivery in the third quarter of 2014. Including commissioning, systems integration testing, project management and spares, the construction cost is expected to be approximately $645 million. Consistent with the previous five Samsung ultra-deepwater drillships ordered since 2007…
