Ensco, an offshore contract drilling company, has announced that a subsidiary of the company has sold ENSCO 57, an F&G L-780 MOD II-C design jackup drilling rig. The sale price was approximately $47 million.
ENSCO 57 was built in the early 1980s. As of March 31, 2010, the net book value for ENSCO 57 was approximately $30 million. The rig will be reclassified as discontinued operations on Ensco’s financial statements as of second quarter 2010, the company said.
Jay Swent, CFO of Ensco, said: “The sale of ENSCO 57, along with two other jackup rigs earlier this year, is part of our long-established strategy of high-grading our fleet by investing in newer equipment and divesting selected assets.”
A service of YellowBrix, Inc.