EX-99 2 exhibit99form8ksep2008.htm EXHIBIT 99.1 EXHIBIT 99.1

ENSCO INTERNATIONAL INCORPORATED
Contract Status of Offshore Rig Fleet
As of September 15, 2008
 

Statements contained in the Contract Status of Offshore Rig Fleet Report, including information regarding the Company's estimated rig availability, contract duration or future rig day rates, customers or contract status (including letters of intent) are forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include references to future rig rates or utilization, rig enhancement projections, shipyard construction or work completion, and other contract or letter of intent commitments, including new rig commitments, the period of time and number of rigs that will be in a shipyard for enhancement or construction, scheduled delivery dates for new rigs, scheduled commencement dates for new contracts, rig relocations. It is important to note that our actual results could differ materially from those projected in such forward-looking statements. The factors that could cause actual results to differ materially from those in the forward-looking statements include the following: (i) industry conditions and competition, including changes in rig supply and demand or new technology, (ii) cyclical nature of the industry, (iii) worldwide expenditures for oil and gas drilling, (iv) operational risks, including hazards created by severe storms and hurricanes, (v) risks associated with offshore rig operations or rig relocations in general, and in foreign jurisdictions in particular, (vi) renegotiation, nullification, or breach of contracts or letters of intent with customers or other parties, (vii) changes in the dates our rigs undergoing shipyard construction work, repairs or enhancement will enter a shipyard, be delivered, return to or enter service, (viii) changes in the dates new contracts actually commence (ix) risks inherent to domestic and foreign shipyard rig construction, rig repair or rig enhancement, including risks associated with concentration of our ENSCO 8500 Series® rig construction contracts in a single shipyard, unexpected project delays in delivery and engineering or design issues following shipyard delivery (x) unavailability of transport vessels to relocate rigs, (xi) environmental or other liabilities, risks, or losses including hurricane related equipment damage, loss or wreckage or debris removal in the U.S. Gulf of Mexico, that may arise in the future which are not covered by insurance or indemnity in whole or in part, (xii) the impact of current and future laws and government regulation affecting the oil and gas industry in general or our operation in particular, including taxation as well as repeal or modification of same, (xiii) political and economic uncertainty, (xiv) limited availability of economic insurance coverage for certain perils such as hurricanes in the Gulf of Mexico or removal of wreckage or debris, (xv) self-imposed or regulatory limitations on jackup rig drilling locations in the Gulf of Mexico during hurricane season, (xvi) our ability to attract and retain skilled or other personnel, (xvii) excess rig availability or supply resulting from delivery of new drilling units, (xviii) heavy concentration of our rig fleet in premium jackups, (xix) expropriation, nationalization, deprivation, terrorism or military action impacting our operations, assets or financial performance, (xx) the outcome of litigation, legal procedures, investigations or claims, (xxi) potential reduction in fair value of our auction rate securities, and (xxii) other risks as described from time to time as Risk Factors and otherwise in the Company's SEC filings. Copies of such SEC filings may be obtained at no charge by contacting our investor relations department at 214-397-3045 or by referring to the investor relations section of our website at http://www.enscous.com.
 
All information in this report is as of the date posted. The Company undertakes no duty to update the Contract Status of Offshore Rig Fleet Report or any forward-looking statement, to conform the statement to actual results, or reflect changes in the Company's expectations.
 
            Est. Avail/  
    Water           Contract  
Rig Name      Design      Depth    Customer/Status Day Rate    Location   Change                Comments                 
                               
Asia & Pacific Rim
Middle East/India
ENSCO 50  F&G L-780 Mod II-C  300  BG  Mid 170's  India  Jan. 09  Plus cost adjustments 
ENSCO 53  F&G L-780 Mod II-C  300  BG  Mid 170's  India  Oct. 08  Plus cost adjustments 
ENSCO 54  F&G L-780 Mod II-C  300  Survey     UAE  Sep. 08  Next to ADOC to Oct. 2010, low 150's plus cost adjustments and unpriced option 
ENSCO 76  MLT Super 116-C  350  Saudi Aramco  Mid 120's  Saudi Arabia  Sep. 09  One 1-year option, high 130's 
ENSCO 84  MLT 82 SD-C  250  Maersk  Low 170's  Qatar  Nov. 09  Plus cost adjustments 
ENSCO 88  MLT 82 SD-C  250  Ras Gas  Mid 80's  Qatar  Jun. 09  One 5-well option, high 90's, and one 4-well option, mid 110's 
ENSCO 94  Hitachi 250-C  250  Ras Gas/ Shipyard/ Standby  Low 40's  Qatar  Jan. 10  Shipyard /Standby rate increases to low 50's late Sep. 08 and to mid 50's in Oct. 08, then resume operations mid 60's in Nov. 08. One 7-well option, mid 60's, and one 1-well option, mid 110's 
ENSCO 95  Hitachi 250-C  250  Saudi Aramco  Mid 70's  Saudi Arabia  Nov. 09  Rate increases to mid 80's in Nov. 08, plus one 1-year option, mid 90's 
ENSCO 96  Hitachi 250-C  250  Saudi Aramco  Low 80's  Saudi Arabia  Dec. 09  Rate increases Dec. 08 to mid 90's 
ENSCO 97  MLT 82 SD-C  250  Saudi Aramco  Low 90's  Saudi Arabia  Oct. 09  Rate increases Oct. 08 to low 100's, plus one 1-year option, low 110's 

Southeast Asia/Australia
ENSCO 51  F&G L-780 Mod II-C  300  Pearl  Low 190's  Thailand  Feb. 09  Plus cost adjustments and mutually agreed options  
ENSCO 52  F&G L-780 Mod II-C  300  Petronas Carigali  Mid 160's  Malaysia  Nov. 10  Plus cost adjustments and mutually agreed options 
ENSCO 56  F&G L-780 Mod II-C  300  Asian Drilling Services  Mid 160's  New Zealand  Dec. 08  Deferral of 48 days revenue in 3Q while WOW. Rate increases for second well approximately mid Oct. 08 to high 180's plus cost adjustments. Then to shipyard for approximately 21 days 
ENSCO 57  F&G L-780 Mod II-C  300  Petronas Carigali  High 160's  Malaysia  Jan. 10  Plus cost adjustments and mutually agreed options 
ENSCO 67  MLT 84-CE  400  ConocoPhillips  Low 200's  Indonesia  Jun. 09    
ENSCO 104  KFELS MOD V-B  400  BP  Mid 240's  Indonesia  Mar. 09  Plus cost adjustments and priced four 3-month options, mid 250's plus cost adjustments 

          Note:  Highlighted/underlined rig names signify changes in rig status information from the previous month. WOW means Waiting on Weather.
 

ENSCO INTERNATIONAL INCORPORATED
Contract Status of Offshore Rig Fleet
As of September 15, 2008
 

            Est. Avail/  
    Water          Contract  
Rig Name      Design      Depth    Customer/Status Day Rate    Location   Change                Comments                 
                               
Southeast Asia/Australia
ENSCO 106  KFELS MOD V-B  400  Apache  High 260's  Australia  Mar. 09  Unpriced option 
ENSCO 107  KFELS MOD V-B  400  OMV  Low 220's  New Zealand  Jun. 09  Deferral of est. 40 days revenue in 3Q while WOW, low 200's. Plus cost adjustments; rate applicable for 365 days then mutually agreed and four 1-well options, low 220's. Thereafter Origin has four 1-well unpriced options and then OMV has five 1-well unpriced options 
ENSCO 108  KFELS MOD V-B  400  BP  Mid 190's  Indonesia  Feb. 09  Rate increases Nov. 08 to low 200's, plus cost adjustments 
 
ENSCO I  Barge Rig     Available     Singapore     Stacked in Singapore 

Europe & Africa
North Sea
ENSCO 70  Hitachi K1032N  250  DONG  Mid 210's  UK  Feb. 09  Market rate, assigned to ADTI to Feb. 09, and well to well unpriced options. Next expect to work to Apr. 09, low 220's plus cost adjustments 
ENSCO 71  Hitachi K1032N  225  Maersk  Low 200's  DK  Aug. 09  Two 1-year options, 1st year high 210's and 2nd year high 220's 
ENSCO 72  Hitachi K1025N  225  Total  Low 200's  NL  Sep. 08  Plus cost adjustments. Next expect 18 days off rate for regulatory work. Then expect to work to Apr. 09, mid 210's plus cost adjustment and same rate options through 2009 
ENSCO 80  MLT 116-CE  225  ConocoPhillips  Low 200's  UK  Feb. 09  Plus cost adjustments through 2008, plus unpriced 1-well option. 2009 rate to be mutually agreed 
ENSCO 92  MLT 116-C  225  BG  Mid 210's  UK  Sep. 08  Plus cost adjustments. Next to Senergy to Mar. 09, and initially assigned to Tullow for approximately 70 days, mid 210's plus cost adjustments. Then expect to work to Nov. 09, mid 210's plus cost adjustments and same rate well to well options through 2009 
ENSCO 100  MLT 150-88-C  350  AGR Peak  High 250's  UK  Mar. 09  Plus cost adjustments and unpriced option. Rate to be mutually agreed after Mar. 09 
ENSCO 101  KFELS MOD V-A  400  Maersk  Low 270's  UK / DK  Jan. 09  Next to Gaz de France to Apr. 09, high 270's plus cost adjustments for earlier of one well or 150 days, then mutually agreed or market rate. Then to Maersk in Denmark Apr. to Jul. 09, low 270's. Thereafter two 1-well unpriced options with Gaz de France 
ENSCO 102  KFELS MOD V-A  400  ConocoPhillips  Mid 280's   UK / DK  Dec. 11  Plus cost adjustments. Rates to be mutually agreed on an annual basis 
Africa                      
ENSCO 85  MLT 116-C  300  PA Resources  Low 200's  Tunisia  Feb. 09  Unpriced option 
ENSCO 105  KFELS MOD V-B  400  BG  Low 200's  Tunisia  May 09  Plus cost adjustments and unpriced options 

North & South America
Gulf of Mexico
Jackups
ENSCO 60  Levingston 111-C  300  LLOG  Low 70's  Gulf of Mexico  Dec. 08    
ENSCO 68  MLT 84-CE  400  W & T  Low 130's  Gulf of Mexico  Sep. 08  Next to Merit to Dec. 08, low 110's. Then to Chevron to Feb. 09, low 150's. Then to mobilize to Chevron in Venezuela to Dec. 09, low 200's 
ENSCO 74  MLT Super 116-C  400  Mariner  Low 160's  Gulf of Mexico  Dec. 08  Damaged during Hurricane Ike, status unknown 
ENSCO 75  MLT Super 116-C  400  Eni  Low 120's  Gulf of Mexico  Dec. 08  Rate increases late Oct. 08 to mid 140's, plus one 120-day option, mid 170's 
ENSCO 82  MLT 116-C  300  WOW     Gulf of Mexico  Sep. 08  Next to Chevron to Dec. 08, low 90's. Then to Hunt Oil to Mar. 09, low 100's 
ENSCO 83  MLT 82 SD-C  250  Hunt  Low 100's  Gulf of Mexico  Oct. 08  Next to ANKOR Energy to May 09, low 110's. Rate will adjust Jan. 09 


          Note:  Highlighted/underlined rig names signify changes in rig status information from the previous month. WOW means Waiting on Weather.
                     Please note forward-looking statement disclaimer at the top of the first page.
 

ENSCO INTERNATIONAL INCORPORATED
Contract Status of Offshore Rig Fleet
As of September 15, 2008
 

            Est. Avail/  
    Water          Contract  
Rig Name      Design      Depth    Customer/Status Day Rate    Location   Change                Comments                 
                               
Gulf of Mexico
Jackups
ENSCO 86  MLT 82 SD-C  250  Devon  Low 110's  Gulf of Mexico  Nov. 08  Plus one 1-well option, rate firm for earlier of option well or Jun. 09 
ENSCO 87  MLT 116-C  350  Walter  Mid 110's  Gulf of Mexico  Oct. 08    
ENSCO 89  MLT 82 SD-C  250  Chevron  Mid 80's  Gulf of Mexico  Sep. 08  Next to Hall Houston to Dec. 08, mid 80's 
ENSCO 90  MLT 82 SD-C  250  Apache  Mid 90's  Gulf of Mexico  Dec. 08  Rate increases Oct. 08 to low 100's 
ENSCO 93  MLT 82 SD-C  250  Hunt  Mid 90's  Gulf of Mexico  Oct. 08  Next to Nexen to Dec. 08, high 80's 
ENSCO 98  MLT 82 SD-C  250  Leed  Low 80's  Gulf of Mexico  Dec. 08  Rate from mid Oct. 08 to be mutually agreed, plus two 1-well unpriced options 
ENSCO 99  MLT 82 SD-C  250  Stone Energy  Mid 70's  Gulf of Mexico  Nov. 08  Rate increases mid Sep. 08 to mid 110's. Then to ExxonMobil to Aug. 09, indexed rate 

Semisubmersibles		                      
ENSCO 7500  Dynamically Positioned  8000  Chevron  Mid 360's  Gulf of Mexico  Sep. 10  Rig to mobilize Oct. 08 to Australia, mid 360's mob rate deferred until operations commence in late Dec. 08, operating rate low 550's plus cost adjustments 
ENSCO 8500  Dynamically Positioned  8500  Under construction     Singapore  3Q 08  Contracted in Gulf of Mexico to Anadarko and Eni commencing mid 1Q 09 to 1Q 13, mid 270's plus cost adjustments & lump sum payment of $20 million, and four 1-year same-rate options 
ENSCO 8501  Dynamically Positioned  8500  Under construction     Singapore  2Q 09  Contracted in Gulf of Mexico to Nexen and Noble Energy commencing 3Q 09 to 4Q 12, mid 350's plus cost adjustments, and unpriced options 
ENSCO 8502  Dynamically Positioned  8500  Under construction     Singapore  4Q 09  Contracted in Gulf of Mexico to Nexen commencing 2Q 10 to 2Q 12, low 470's, plus cost adjustments. Contract can change to 3 or 4 year term at operator's election wherein the day rate would adjust to slightly lower rates 
ENSCO 8503  Dynamically Positioned  8500  Under construction     Singapore  3Q 10  Contracted in Gulf of Mexico to Cobalt commencing late 2010 / early 2011 for 2 years, low 510's, plus cost adjustments and unpriced option 
ENSCO 8504  Dynamically Positioned  8500  Under construction     Singapore  2H 11    
ENSCO 8505  Dynamically Positioned  8500  Under construction     Singapore  1H 12    
ENSCO 8506  Dynamically Positioned  8500  Under construction     Singapore  2H 12    
Mexico
ENSCO 81  MLT 116-C  350  Pemex  Mid 160's  Mexico  Jun. 10  Indexed to global rates after Dec. 08 

Venezuela
ENSCO 69  MLT 84-S  400  PDVSA  Mid 180's  Venezuela  Sep. 08     


          Note:  Highlighted/underlined rig names signify changes in rig status information from the previous month. WOW means Waiting on Weather.
                     Please note forward-looking statement disclaimer at the top of the first page.