Ensco purchases Diamond Offshore’s Ocean Shield jackup drilling rig

Ensco, a company engaged in offshore drilling services to the petroleum industry, has announced that a subsidiary of the company has purchased Diamond Offshore’s Ocean Shield jackup drilling rig.

The company said it will rename the Keppel FELS (KFELS) Super B Class design rig as Ensco 109. The rig design includes two million pound hoisting capacity, a 15,000 psi high-pressure blowout preventer and nearly 5,000 barrels of liquid mud capacity. The design also permits drilling in water depths up to 35,000ft.

Ensco 109 was purchased with available cash for approximately $186 million. The company will assume the current drilling contract for the rig with Apache in Australia that extends through May 2011.

Dan Rabun, chairman, president and CEO of Ensco, said: “The Middle East and Southeast Asia, in particular, are regions where we believe customers will require more high-spec, deep-gas jackup rigs. Ensco 109 will address this growing need and is expected to command higher day rates than standard duty jackups.

Purchasing Ensco 109 is part of our long-established strategy of high-grading our fleet by investing in newer equipment. We will continue to look for opportunities to acquire premium offshore rigs that can generate favourable returns for our shareholders.”

A service of YellowBrix, Inc.

 

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