EX-99.1 2 ex99_1xapr2019.htm EXHIBIT 99.1 Exhibit
Exhibit 99.1
    

a042919fleetstatuscover.jpg


Exhibit 99.1
    

erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 

New Contracts and Extensions
       
       Floaters
ENSCO DS-9 awarded a four-well contract with Total offshore Brazil that is expected to commence in June 2019
ENSCO DS-7 awarded a 180-day contract with Burullus Gas Company offshore Egypt, which commenced in April 2019
ENSCO 8503 awarded a six-well contract with Kosmos Energy in the U.S. Gulf of Mexico that is expected to commence in August 2019

       Jackups
ENSCO 100 awarded a nine-well contract with Faroe Petroleum in the North Sea that is expected to commence in November 2019. As a result, a previously disclosed contract with Premier is expected to be fulfilled by an ENSCO 120 Series rig
ENSCO 72 awarded a three-well contract with Petrofac in the North Sea that is expected to commence in May 2019
ENSCO 101 contract with Neptune in the North Sea extended by one well, with an estimated duration of three months
ENSCO 122 contract with NAM in the North Sea extended by one well, with an estimated duration of 30 days
ENSCO 68 awarded a one-well contract with Ankor Energy in the U.S. Gulf of Mexico that is expected to commence in May 2019, replacing a previously disclosed one-well contract with Fieldwood

Other
ENSCO 97 sold
 
Contract Backlog(1)
($ millions)
2019
2020
2021
2022 and Beyond
Total
 
Floaters
$
664.3

$
271.5

$

$

$
935.8

 
Jackups
544.1

349.7

191.8

103.8

1,189.4

 
Other(2)
124.9

170.6

146.9

9.0

451.4

 
Total
$
1,333.3

$
791.8

$
338.7

$
112.8

$
2,576.6

 
 
 
 
 
 
 
 
Contract Days(1)
2019
2020
2021
 
 
 
Floaters
3,220

787


 
 
 
Jackups
6,865

4,352

2,612

 
 
 
Other
2,811

4,026

3,284

 
 
 
Total
12,896

9,165

5,896

 
 
 
 
 
 
 
 
 
 
(1) Contract backlog and contract days as of March 31, 2019 exclusive of performance bonus, adjusted for drilling contracts signed or terminated after March 31, 2019 but prior to filing the Fleet Status Report on Form 8-K on April 29, 2019.

(2) "Other" includes contract backlog related to bareboat charter agreements for nine EnscoRowan rigs leased to ARO Drilling.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Page 1 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Asset Type / Status / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Drillships
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Marketed
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Rowan Relentless
 
GustoMSC P10000
 
12000
 
ExxonMobil
 
U.S. GOM
 
Sep. 18
 
Nov. 19
 
Plus one 1-well priced option
Rowan Reliance
 
GustoMSC P10000
 
12000
 
Available
 
U.S. GOM
 
 
 
 
 
 
Rowan Resolute
 
GustoMSC P10000
 
12000
 
LLOG
Fieldwood
 
U.S. GOM
U.S. GOM
 
Jun. 18
Mar. 19

 
Feb. 19
Mar. 20

 

Contracted for one year. Plus three 90-day unpriced options
Rowan Renaissance
 
GustoMSC P10000
 
12000
 
Total
Petronas
 
Mexico
Mexico
 
Jan. 19
Jun. 19

 
May 19
Sep. 19

 
35 days at zero rate in 1Q19
Contracted for one well expected to commence in Jun. 19. -----
ENSCO DS-12
 
DSME 12000
 
12000
 
BP
 
Senegal
 
Apr. 19
 
Sep. 19

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

 
DSME 12000
 
12000
 
Available
 
Spain
 
 
 
 
 
 
ENSCO DS-10
 
Samsung GF12000
 
10000/12000
 
Shell
 
Nigeria
 
Mar. 18
 
Mar. 20
 
Plus four 1-year priced options
ENSCO DS-9
 
Samsung GF12000
 
10000/12000
 
Total
Total
 
French Guiana
Brazil

 
Dec. 18
Jun. 19

 
Mar. 19
May 20

 
Contracted for one well
Contracted for four wells. Plus two 1-well options

ENSCO DS-8
 
Samsung GF12000
 
10000/12000
 
Total
 
Angola
 
Nov. 15
 
Nov. 20
 
Day rate of approx. $620,000, plus approx. $14,000 per day amortized through Nov. 20 for mobilization. Plus one 14-month priced option
ENSCO DS-7
 
Samsung 96K
 
10000/12000
 
Burullus
 
Egypt
 
Apr. 19
 
Oct. 19
 
Contracted for 180 days. Plus eight 1-well options

Page 2 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Asset Type / Status / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Drillships
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Marketed
 
 
 
 
 
 
 
 
 
 
ENSCO DS-6
 
Samsung 96K
 
10000/12000
 
Available
 
Spain
 
 
 
 
 
 
ENSCO DS-4
 
Samsung 96K
 
10000/12000
 
Chevron
 
Nigeria
 
Aug. 17
 
Jul. 19
 
-----
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Under Construction
 
 
 
 
 
 
 
 
 
 
ENSCO DS-13
 
DSME 12000
 
12000
 
Under Construction
 
South Korea
 
 
 
 
 
Scheduled delivery date 3Q19
ENSCO DS-14
 
DSME 12000
 
12000
 
Under Construction
 
South Korea
 
 
 
 
 
Scheduled delivery date 2Q20
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preservation Stacked
 
 
 
 
 
 
 
 
 
 
ENSCO DS-5
 
Samsung 96K
 
10000/12000
 
Preservation Stacked(3)

 
Spain
 
 
 
 
 
 
ENSCO DS-3
 
Samsung 96K
 
10000/12000
 
Preservation Stacked(3)

 
Spain
 
 
 
 
 
 

Page 3 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Asset Type / Status / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Semisubmersibles
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Marketed
 
 
ENSCO DPS-1
 
F&G ExD Millennium, DP
 
10000
 
Woodside
Woodside
 
Australia
Australia
 
Feb. 18
Feb. 20
 
Jun. 19
May 20
 
Contracted for 12 wells
Contracted for two wells expected to commence in Feb. 20. Plus one 7-well option
ENSCO 8505
 
ENSCO 8500 Series,
DP + Moored
 
8500/10000
 
Eni


 
U.S. GOM
 
Jan. 19
 
Dec. 19
 
Contracted for six wells in the U.S. GOM and for two wells in Mexico
ENSCO 8504
 
ENSCO 8500 Series,
DP + Moored
 
8500/10000
 
JAPEX
 
Japan
 
Apr. 19
 
Jul. 19
 
Contracted for one well
ENSCO 8503
 
ENSCO 8500 Series,
DP + Moored
 
8500/10000
 
Talos
Apache

Kosmos

 
Mexico
U.S. GOM

U.S. GOM
 
Nov. 18
Jul. 19

Aug. 19
 
Jun. 19
Aug. 19

Mar. 20
 

Contracted for four wells expected to commence in Jul. 19
Contracted for six wells expected to commence in Aug. 19
ENSCO MS-1
 
F&G ExD Millennium, Moored
 
8200
 
Available
 
Malaysia
 
 
 
 
 
 
ENSCO 6002
 
Megathyst, DP
 
5600
 
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
 
7500
 
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
 
1500
 
Mellitah
 
Mediterranean
 
Aug. 14
 
Dec. 19
 
 

Page 4 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Asset Type / Status / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Semisubmersibles
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preservation Stacked
 
 
ENSCO 8506
 
ENSCO 8500 Series, DP
 
8500/10000
 
Preservation Stacked(3)
 
U.S. GOM
 
 
 
 
 
 
ENSCO 8502
 
ENSCO 8500 Series, DP
 
8500/10000
 
Preservation Stacked(3)

 
U.S. GOM
 
 
 
 
 
 
ENSCO 8501
 
ENSCO 8500 Series, DP
 
8500/10000
 
Preservation Stacked(3)

 
U.S. GOM
 
 
 
 
 
 
ENSCO 8500
 
ENSCO 8500 Series, DP
 
8500/10000
 
Preservation Stacked(3)

 
U.S. GOM
 
 
 
 
 
 


Page 5 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Region / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
North America
 
 
Ralph Coffman
 
LT 240-C
 
350
 
GulfSlope Energy
Undisclosed Operator
CGX
 
U.S. GOM
Trinidad

Guyana
 
Jul. 18
Jun. 19

Dec. 19

 
May 19
Nov. 19

Jan. 20
 

Contracted for 3 wells. Plus four 2-well priced options after completion of CGX contract
Contracted for 1 well expected to commence after completion of prior customer contract
Rowan EXL III
 
LT Super 116-E
 
350
 
Cantium
 
U.S. GOM
 
Nov. 18
 
Aug. 19
 
Plus two 6-month options
ENSCO 102
 
KFELS MOD V-A
 
400
 
Arena
Renaissance
Fieldwood
 
U.S. GOM
U.S. GOM
U.S. GOM
 
Nov. 17
Apr. 19
Jun. 19
 
Apr. 19
Jun. 19
Nov. 19
 

Contracted for one well. Plus one 1-well option
Contracted for three wells expected to commence in Jun. 19. Plus one 2-well option
ENSCO 75
 
MLT Super 116-C 
  
400
 
Talos
 
U.S. GOM


 
May 18

 
Sep. 19
 
Plus one 90-day option
ENSCO 87
 
MLT 116-C
  
350
 
ExxonMobil


 
U.S. GOM

 
 
Nov. 18
 
May 19
 
Contracted for 11 wells
ENSCO 68
 
MLT 84-CE
  
400
 
Castex
Ankor

Castex
 
U.S. GOM
U.S. GOM

U.S. GOM
 
Aug. 18
May 19

Jun. 19
 
Apr. 19
Jun. 19

Jul. 19
 
Contracted for two wells
Contracted for one well expected to commence in May 19. Replaces previously disclosed Fieldwood contract 
Contracted for one well
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Central & South America
 
 
Rowan Gorilla VI
 
MLT Super Gorilla
 
400
 
Shell
 
Trinidad
 
Apr. 18
 
Sep. 19
 
Contracted for drilling program until approx. Apr. 19 then accommodation mode until approx. Sep. 19. Plus one 2-month priced option
Joe Douglas
 
LT 240-C
 
350
 
BP
 
Trinidad
 
Aug. 16
 
Jun. 19
 
-----
Rowan EXL II
 
LT Super 116-E
 
350
 
BP
Repsol
 
Trinidad
Guyana
 
Apr. 18
Aug. 19
 
Jun. 19
Oct. 19
 

Contracted for one well expected to commence in Aug. 19

Page 6 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Region / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Europe
 
 
Rowan Norway
 
KFELS N Class
 
400
 
Turkish Petroleum
ConocoPhillips
 
Turkey
Norway
 
Nov. 18
Jun. 19
 
May 19
Jan. 20
 

Plus one 6-month priced option and one 12-month priced option
Rowan Stavanger
 
KFELS N Class
 
400
 
Repsol
Equinor
 
Norway
Norway
 
Nov. 18
Sep. 19
 
Apr. 19
Feb. 20
 

Plus five 1-well priced options
Rowan Viking
 
KFELS N Class
 
400
 
MOL
Lundin
 
Norway
Norway
 
Apr. 19
Mar. 20
 
Aug. 19
Nov. 20
 

Contracted for seven wells, with minimum duration of 265 days expected to commence in Mar. 20. Plus four 1-well priced options
Rowan Gorilla VII
 
MLT Super Gorilla
 
400
 
Chrysaor
 
UK
 
May 18
 
Nov. 19
 
Plus two 1-year unpriced options
Rowan Gorilla V
 
MLT Super Gorilla
 
400
 
Total
 
UK
 
Sep. 17
 
Sep. 19
 
Plus one 6-month priced option
ENSCO 122
 
KFELS Super A
 
400
 
NAM
 
UK
 
Sep. 17
 
Aug. 19
 
Contracted for six wells. Plus various options through Dec. 20
ENSCO 121
 
KFELS Super A
 
400
 
Eni
ONE

Premier
 
UK
UK/Netherlands
UK
 
Dec. 18
Apr. 19

Mar. 20
 
Apr. 19
Dec. 19

May 20
 
Contracted for one well
Contracted for three wells expected to commence in Apr. 19. Plus three 1-well options
Contracted for one well expected to commence in Mar. 20. Plus two 1-well options. Transferred from ENSCO 100(4)
ENSCO 120
 
KFELS Super A
 
400
 
ConocoPhillips
 
UK
 
Jul. 17
 
Jul. 20
 
Plus two 1-year options
ENSCO 101
 
KFELS MOD V-A
 
400
 
Neptune
 
UK
 
Oct. 18
 
Jul. 19
 
Inspection for 21 days in 2Q19. -----

Page 7 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Region / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Europe (continued)
 
 
ENSCO 100
 
MLT 150-88-C
 
350
 
Repsol-Sinopec
Faroe Petroleum
 
UK
UK
 
Jun. 19
Nov. 19
 
Nov. 19
Jun. 20
 
Contracted for five wells expected to commence in Jun. 19
Contracted for nine P&A wells expected to commence after completion of Repsol-Sinopec contract. Plus twelve 1-well options 
ENSCO 92
 
MLT 116-C
 
225
 
ConocoPhillips
 
UK
 
Feb. 17
 
Dec. 22
 
 
ENSCO 72
 
Hitachi K1025N
 
225
 
Corallian
Petrofac
 
UK
UK
 
Dec. 18
May 19
 
Mar. 19
Jul. 19
 

Contracted for three wells expected to commence in May 19
ENSCO 112
 
LT Super 116-E
 
350
 
Cold Stacked
 
Malta
 
 
 
 
 
 
ENSCO 111
 
KFELS MOD V-B
 
400
 
Cold Stacked
 
Malta
 
 
 
 
 
 
ENSCO 71
 
Hitachi K1032N
 
225
 
Preservation
Stacked(3)
 
UK
 
 
 
 
 
 
ENSCO 70
 
Hitachi K1032N
 
250
 
Preservation
Stacked(3)
 
UK
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Africa
 
 
ENSCO 109
 
KFELS MOD V-Super B
 
350
 
Chevron
 
Angola
 
Dec. 14
 
Jul. 19
 
Planned inspection for approx. 15 days in 2Q19

Page 8 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Region / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Middle East
 
 
ENSCO 141
 
LT Super 116-E
 
340/400
 
Saudi Aramco
 
Saudi Arabia
 
Aug. 18
 
Aug. 21
 
 
ENSCO 140
 
LT Super 116-E
 
340/400
 
Saudi Aramco
 
Saudi Arabia
 
Jul. 18
 
Jun. 21
 
 
ENSCO 110
 
KFELS MOD V-B
 
400
 
North Oil Company
 
Qatar
 
Sep. 17
 
Sep. 20
 
Plus one 1-year priced option
ENSCO 108
 
KFELS MOD V-B
 
400
 
Saudi Aramco
 
Saudi Arabia
 
Nov. 18
 
Nov. 21
 
 
ENSCO 104
 
KFELS MOD V-B
 
400
 
ADNOC
 
UAE
 
Feb. 18
 
May 19
 
 
ENSCO 76
 
MLT Super 116-C
 
350
 
Saudi Aramco
 
Saudi Arabia
 
Jan. 15
 
Dec. 22
 
Planned inspection for approx. 15 days in 2Q19
ENSCO 54
 
F&G L-780 Mod II-C
 
300
 
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
ENSCO 96
 
Hitachi 250-C
 
250
 
Saudi Aramco
 
Saudi Arabia
 
Feb. 15
 
Aug. 19
 
 
ENSCO 88
 
MLT 82 SD-C
 
250
 
Saudi Aramco
 
Saudi Arabia
 
Nov. 13
 
Nov. 19
 
Day rate of approx. $65,000
ENSCO 84
 
MLT 82 SD-C
 
250
 
Saudi Aramco
 
Saudi Arabia
 
Jan. 17
 
Aug. 21
 
Day rate of approx. $72,000
Rowan California
 
MLT 116-C
 
300
 
Cold Stacked
 
Bahrain
 
 
 
 
 
 

Page 9 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment /
Region / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Jackups
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Asia & Pacific Rim
 
 
ENSCO 115
 
Pacific Class 400
 
400
 
Mubadala Petroleum
 
Thailand
 
Mar. 19
 
Jan. 20
 
Contracted for ten months. Plus one 2-month option and three 4-month options
ENSCO 107
 
KFELS MOD V-B
 
400
 
Quadrant Energy/ Vermilion Energy
Jadestone Energy
 
Australia

Australia
 
May 18

Mar. 19
 
Jan. 19

May 19
 
Contracted for 160 days with Quadrant. Assigned to Vermilion for two wells.
Contracted for one well. Plus one 1-well option
ENSCO 106
 
KFELS MOD V-B
 
400
 
BP
 
Indonesia
 
Jan. 18
 
Jan. 23
 
Plus 13 1-well priced options
ENSCO 67
 
MLT 84-CE
 
400
 
Pertamina
 
Indonesia
 
Jan. 19
 
May 20
 
Contracted for 500 days
ENSCO 114
 
Pacific Class 400
 
400
 
Cold Stacked

 
Philippines
 
 
 
 
 
 
ENSCO 113
 
Pacific Class 400
 
400
 
Cold Stacked

 
Philippines
 
 
 
 
 
 
ENSCO 105
 
KFELS MOD V-B
 
400
 
Preservation
Stacked(3)

 
Singapore
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Under Construction
 
 
ENSCO 123
 
KFELS Super A
 
400
 
Contract Prep.
Premier

Premier
 
Singapore
UK

UK
 

Jul. 19

Jun. 20
 

Oct. 19

Jul. 21
 

Contracted for two wells expected to commence in Jul. 19. Plus one 1-well option
Contracted for four wells expected to commence in Jun. 20. Plus three 1-well options(4)

Page 10 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
Other
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Jackup Rigs Leased to ARO Drilling(5)
 
 
Bob Palmer
 
MLT Super Gorilla XL
 
475
 
Saudi Aramco
 
Saudi Arabia
 
Jun. 18
 
Jun. 21
 
 
Rowan Mississippi
 
LT 240-C
 
375
 
Saudi Aramco
 
Saudi Arabia
 
Dec. 18
 
Dec. 21
 
 
Earnest Dees
 
LT Super 116-E
 
350
 
Saudi Aramco
 
Saudi Arabia
 
Jul. 19
 
Jul. 22
 
 
Bess Brants
 
LT Super 116-E
 
350
 
Saudi Aramco
 
Saudi Arabia
 
Jul. 19
 
Jul. 22
 
 
Rowan EXL IV
 
LT Super 116-E
 
320
 
Saudi Aramco
 
Saudi Arabia
 
Sep. 18
 
Sep. 21
 

Rowan EXL I
 
LT Super 116-E
 
350
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 18
 
Oct. 21
 
 
Arch Rowan
 
MLT 116-C
 
300
 
Saudi Aramco
 
Saudi Arabia
 
Sep. 18
 
Sep. 21
 
Inspection for 14 days in 1Q19
Charles Rowan
 
MLT 116-C
 
300
 
Saudi Aramco
 
Saudi Arabia
 
Sep. 18
 
Sep. 21
 
 
Rowan Middletown
 
MLT 116-C
 
300
 
Saudi Aramco
 
Saudi Arabia
 
Sep. 18
 
Sep. 21
 
Inspection for 14 days in 1Q19
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Drilling Management
 
 
Thunder Horse
 
Deepwater Semisubmersible
 
6000
 
BP
 
U.S. GOM
 
Jan. 17
 
Jan. 22
 
Day rate of approx. $95,000 to Mar. 19. Day rate increased to approx. $127,000 from Apr. 19. Plus five 1-year options
Mad Dog
 
Deepwater Spar Drilling Rig
 
4500
 
BP
 
U.S. GOM
 
Jan. 17
 
Jan. 22
 
Day rate of approx. $57,000 to Mar. 19. Day rate increased to approx. $86,000 from Apr. 19. Plus five 1-year options

Page 11 of 13


erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 2019
 
Changes: bolded rig names and underlined text signify changes in rig status from previous report
Segment / Rig
 
Design
 
Water
Depth'(1)
 
Customer/
Status
 
Location
 
Contract Start Date
 
Contract End Date(2)
 
Comments
ARO Drilling
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Jackup Rigs Owned by ARO Drilling
 
 
Gilbert Rowe
 
MLT 116-C
 
300
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 17
 
Oct. 20
 
Day rate of approx. $69,000
Bob Keller
 
LT Tarzan 225-C
 
300
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 17
 
Oct. 20
 
Day rate of approx. $130,000
J.P. Bussell
 
LT Tarzan 225-C
 
300
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 17
 
Oct. 20
 
Day rate of approx. $130,000. Inspection for 14 days in 1Q19
Hank Boswell
 
LT Tarzan 225-C
 
300
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 18
 
Oct. 21
 
Undisclosed day rate. Planned inspection for 14 days in 2Q19
Scooter Yeargain
 
LT Tarzan 225-C
 
300
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 18
 
Oct. 21
 
Undisclosed day rate. Inspection for 14 days in 1Q19
SAR 201
 
BMC 200-H
 
200
 
Saudi Aramco
 
Saudi Arabia
 
Feb. 18
 
Feb. 21
 
Day rate of approx. $79,000
SAR 202
 
KFELS Super B
 
300
 
Saudi Aramco
 
Saudi Arabia
 
Oct. 17
 
Oct. 20
 
Day rate of approx. $195,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Held for Sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing Operations
 
 
ENSCO 97
 
MLT 82 SD-C
 
250
 
Saudi Aramco
Sold
 
Saudi Arabia

 
Jan. 15
 
Feb. 19
 
Day rate of approx. $65,000
Immaterial gain on sale to be recognized in 2Q19
Rowan Gorilla IV
 
MLT Gorilla
 
450
 
Cold Stacked
 
U.S. GOM
 
 
 
 
 
 

(1) For rigs that may be modified to drill in deeper water depths, both the currently outfitted and maximum upgrade capabilities are shown.
(2) 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.
(3) 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 Ensco personnel. These steps are designed to reduce the time and lower cost to reactivate the rig when market conditions improve.
(4) Ensco 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

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erlockupinterim.jpg
 
 
Ensco Rowan plc
Fleet Status Report
April 29, 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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