Profile: Ensco PLC (ESV)
30 Nov 2016
Ensco plc, incorporated on September 18, 2009, is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company's segments include Floaters, Jackups and Other. Its Floaters segment includes the Company's drillships and semisubmersible rigs, and provides contract drilling. The Other segment consists of management services on rigs owned by third parties. The Jackups segments provide contract drilling. It owns and operates an offshore drilling rig fleet of over 60 rigs, including approximately four rigs under construction, with drilling operations in markets around the globe. Its rig fleet includes approximately 10 drill ships, over 10 semisubmersible rigs, approximately three moored semisubmersible rigs and over 40 jackup rigs. Of its approximately 70 rigs, approximately 30 are located in the Middle East, Africa and Asia Pacific (including over four rigs under construction), over 20 are located in North and South America (including Brazil), and approximately 20 are located in Europe and the Mediterranean.
The Company's customers include national and international oil companies, in addition to independent operators. The Company has operations and drilling contracts spanning approximately 15 countries on over six continents. The markets in which it operates include the United States Gulf of Mexico, Mexico, Brazil, the Mediterranean, the North Sea, the Middle East, West Africa, Australia and Southeast Asia. The Company also owns jackup rigs, which include ENSCO 120, ENSCO 121 and ENSCO 122. The Company, through an agreement with Samsung Heavy Industries, has three ultra-deep-water drill ships, which include ENSCO DS-8 (under construction), ENSCO DS-9 and ENSCO DS-10. It provides drilling services on a day rate contract basis. Under day rate contracts, the Company provides a drilling rig and rig crews, and receives a fixed amount per day for each day it performs drilling or related services.
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