EX-99 2 exhibit99form8kjan2009.htm EXHIBIT 99.1 EXHIBIT 99.1

ENSCO INTERNATIONAL INCORPORATED
Contract Status of Offshore Rig Fleet
As of January 15, 2009
 

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.enscointernational.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  Shipyard     UAE  Jan. 09    
ENSCO 53  F&G L-780 Mod II-C  300  Shipyard     UAE  Mar. 09    
ENSCO 54  F&G L-780 Mod II-C  300  ADOC  Low 150's  UAE / Qatar  Nov. 10  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  Low 60's  Qatar  Mar. 10  Operating rate commences Feb. 09, mid 60's. One 7-well option, high 60's and one 1-well option, mid 110's 
ENSCO 95  Hitachi 250-C  250  Saudi Aramco  Mid 80's  Saudi Arabia  Nov. 09  One 1-year option, mid 90's 
ENSCO 96  Hitachi 250-C  250  Saudi Aramco  Mid 90's  Saudi Arabia  Jan. 09    
ENSCO 97  MLT 82 SD-C  250  Saudi Aramco  Low 100's  Saudi Arabia  Oct. 09  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  
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  Shipyard     Singapore  Feb. 09    
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  Apr. 09    
ENSCO 104  KFELS MOD V-B  400  BP  Mid 240's  Indonesia  Mar. 09  Plus cost adjustments. Next to ConocoPhillips in E. Timor/Australia Mar. to Oct. 09, mid 240's plus cost adjustments and seven 1-well unpriced options 
ENSCO 106  KFELS MOD V-B  400  Apache  Mid 260's  Australia  Mar. 09    
ENSCO 107  KFELS MOD V-B  400  OMV  Mid 220's  New Zealand  Aug. 09  Plus cost adjustments. Rate applicable for 365 days then mutually agreed and four 1-well unpriced options. Thereafter Origin has two 1-well unpriced options and then OMV has five 1-well market priced options 
ENSCO 108  KFELS MOD V-B  400  BP  High 190's  Indonesia  Mar. 09  Plus cost adjustments. Next 24 day demob and then shipyard for approximately 28 days. Shipyard rate, mid 140's deferred until contract commencement. Then to Total in Brunei to May 10, mid 190's and two 6-month options at market rate 
 
ENSCO I  Barge Rig     Available     Singapore     Stacked in Singapore 

          Note:  Highlighted/underlined rig names signify changes in rig status information from the previous month.
 

ENSCO INTERNATIONAL INCORPORATED
Contract Status of Offshore Rig Fleet
As of January 15, 2009
 

            Est. Avail/  
    Water          Contract  
Rig Name      Design      Depth    Customer/Status Day Rate    Location   Change                Comments                 
                               
Europe & Africa
North Sea
ENSCO 70  Hitachi K1032N  250  DONG  Low 210's  UK  Feb. 09  Market rate, assigned to ADTI to Feb. 09. Then to Perenco to May 09, mid 190's 
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  ATP  Mid 210's  UK  Jun. 09  Plus cost adjustments and same rate options through 2009 
ENSCO 80  MLT 116-CE  225  ConocoPhillips  Mid 210's  UK  Jun. 12  Plus cost adjustments. Rates mutually agreed annually 
ENSCO 92  MLT 116-C  225  Venture  High 210's  UK  Dec. 09  Plus cost adjustments. Next to Synergy to May 09, high 210's. Then to shipyard for 14 days. Next to East Irish Sea consortium to Dec. 09, mid 210's plus cost adjustments and three 1-well options, mid 210's 
ENSCO 100  MLT 150-88-C  350  AGR Peak  High 250's  UK  Mar. 09  Plus cost adjustments and unpriced option. Now assigned to ConocoPhillips to Mar. 09 
ENSCO 101  KFELS MOD V-A  400  Maersk  Low 270's  DK  Mar. 09  Next to Gaz de France Suez to Aug. 09, high 270's plus cost adjustments and two 1-well unpriced options 
ENSCO 102  KFELS MOD V-A  400  ConocoPhillips  High 280's  UK / DK  Dec. 11  Plus cost adjustments. Rates mutually agreed annually. 
Africa                      
ENSCO 85  MLT 116-C  300  PA Resources  Mid 80's  Tunisia  Mar. 09  On standby to Mar. 09, then resumes operations to Jun. 09, mid 120's 
ENSCO 105  KFELS MOD V-B  400  BG  Low 200's  Tunisia  May 10  Plus cost adjustments and unpriced option 

North & South America
 
Gulf of Mexico
ENSCO 60  Levingston 111-C  300  LLOG  Low 70's  Gulf of Mexico  Jan. 09  Next to Seneca to Feb. 09, mid 70's 
ENSCO 68  MLT 84-CE  400  Chevron USA  Low 150's  Gulf of Mexico  Feb. 09  Next 30 day mobilization to Venezuela with mob revenue deferred. Contracted to Chevron to Nov. 09, low 200's 
ENSCO 75  MLT Super 116-C  400  Eni  Mid 170's  Gulf of Mexico  Mar. 09    
ENSCO 82  MLT 116-C  300  Shipyard     Gulf of Mexico  Jan. 09  Next to Hunt Oil to Apr. 09, low 100's. Then to Chevron to Jan. 10, mid 150's 
ENSCO 83  MLT 82 SD-C  250  ANKOR  Mid 120's  Gulf of Mexico  Jan. 10  Rate to be mutually agreed from Jul. 09 
ENSCO 86  MLT 82 SD-C  250  Devon  Mid 70's  Gulf of Mexico  Jan. 09    
ENSCO 87  MLT 116-C  350  Walter  Low 150's  Gulf of Mexico  Jan. 09  Next to Stone Energy to Feb. 09, low 150's 
ENSCO 90  MLT 82 SD-C  250  Apache  Mid 80's  Gulf of Mexico  Mar. 09    
ENSCO 98  MLT 82 SD-C  250  Shipyard     Gulf of Mexico  Jan. 09    
ENSCO 99  MLT 82 SD-C  250  ExxonMobil  Low 100's  Gulf of Mexico  Nov. 09  Well to well, indexed rate 


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

ENSCO INTERNATIONAL INCORPORATED
Contract Status of Offshore Rig Fleet
As of January 15, 2009
 

            Est. Avail/  
    Water          Contract  
Rig Name      Design      Depth    Customer/Status Day Rate    Location   Change                Comments                 
                               
Mexico
ENSCO 81  MLT 116-C  350  Pemex  Mid 160's  Mexico  Jun. 10  Indexed to global rates, adjusts Jun. 09 
ENSCO 89  MLT 82 SD-C  250  Shipyard     Gulf of Mexico  Feb. 09  Next to Pemex in Mexico Mar. 09 to Mar. 12, mid 150's. Rates adjust to global index rate after initial 6 months 
ENSCO 93  MLT 82 SD-C  250  Shipyard     Gulf of Mexico  Mar. 09  Next to Pemex in Mexico mid Apr. 09 to Mar. 12, mid 160's. Rates adjust to global index rate after initial 6 months 

Venezuela
ENSCO 69  MLT 84-S  400  PDVSA  Mid 180's  Venezuela  Aug. 10  Plus cost adjustments and three 1-year unpriced options  

Deepwater
 
ENSCO 7500  Dynamically Positioned  8000  Chevron  En route  Australia  Apr. 09  Mob rate of mid 360's deferred until operations commence in mid Apr. 09 to Sep. 10, then operating rate low 550's plus cost adjustments and unpriced options 
ENSCO 8500  Dynamically Positioned  8500  Sea Trials/ Outfitting     Gulf of Mexico  Mar. 09  Contracted to Anadarko and Eni commencing Mar. 09 to Mar. 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  Jun. 09  Contracted in Gulf of Mexico to Nexen and Noble Energy commencing late 3Q 09 to 1Q 13, mid 350's plus cost adjustments and unpriced options 
ENSCO 8502  Dynamically Positioned  8500  Under construction     Singapore  1Q 10  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  4Q 10  Contracted in Gulf of Mexico to Cobalt commencing 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    


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