EX-99 2 exhibit99form8kjun2009.htm EXHIBIT 99.1 EXHIBIT 99.1

ENSCO INTERNATIONAL INCORPORATED
Rig Contract Status Report
As of June 15, 2009
 

Statements contained in the Rig Contract Status Report, including information regarding the Company's estimated rig availability, contract duration or future rig 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 and 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) risks associated with the current global economic crisis and its impact on capital markets and liquidity, (iii) prices of oil and natural gas in general and the recent decline in prices in particular and the impact of commodity prices upon future levels of drilling activity and expenditures, (iv) changes in the timing of revenue recognition resulting from the deferral of revenues payable by our customers (which are recognized over the contract term upon commencement of drilling operations) for mobilization of our drilling rigs, time waiting on weather or time in shipyards, (v) excess rig availability or supply resulting from delivery of new drilling rigs, (vi) heavy concentration of our rig fleet in premium jackups, (vii) cyclical nature of the industry, (viii) worldwide expenditures for oil and natural gas drilling, (ix) operational risks, including hazards created by severe storms and hurricanes, (x) risks associated with offshore rig operations or rig relocations in general and in foreign jurisdictions in particular, (xi) renegotiation, nullification or breach of contracts or letters of intent with customers or other parties, including failure to negotiate definitive contracts following announcements or receipt of letters of intent, (xii) inability to collect receivables, (xiii) changes in the dates new contracts actually commence, (xiv) changes in the dates our rigs will enter a shipyard, be delivered, return to service or enter service, (xv) risks inherent to domestic and foreign shipyard rig construction, repair or enhancement, including risks associated with concentration of our ENSCO 8500 Series® rig construction contracts in a single foreign shipyard, unexpected delays in equipment delivery and engineering or design issues following shipyard delivery, (xvi) availability of transport vessels to relocate rigs, (xvii) environmental or other liabilities, risks or losses, whether related to hurricane damage, losses or liabilities (including wreckage or debris removal) in the Gulf of Mexico or otherwise, that may arise in the future and are not covered by insurance or indemnity in whole or in part, (xviii) limited availability or high cost of insurance coverage for certain perils such as hurricanes in the Gulf of Mexico or associated removal of wreckage or debris, (xix) self-imposed or regulatory limitations on drilling locations in the Gulf of Mexico during hurricane season, (xx) impact of current and future government laws and regulation affecting the oil and gas industry in general and our operations in particular, including taxation as well as repeal or modification of same, (xxi) governmental action and political and economic uncertainties, including expropriation, nationalization, confiscation or deprivation of our assets, (xxii) expropriation, nationalization, deprivation, terrorism or military action impacting our operations, assets or financial performance, (xxiii) our ability to attract and retain skilled personnel, (xxiv) outcome of litigation, legal proceedings, investigations or claims, (xxv) adverse changes in foreign currency exchange rates, including their impact on the fair value measurement of our derivative financial instruments, (xxvi) potential long-lived asset or goodwill impairments, (xxvii) potential reduction in fair value of our auction rate securities and (xxviii) 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 www.enscointernational.com.
 
All information in this report is as of the date posted. The Company undertakes no duty to update the Rig Contract Status Report or any forward-looking statement, to conform the statement to actual results, or reflect changes in the Company's expectations.
 
            Est. Avail/  
    Water      Day Rate    Contract  
Rig / Region             Design             Depth'    Customer/Status     $US         Location       Change                Comments                 
                               
Deepwater

Australia
ENSCO 7500  Dynamically Positioned  8000  Chevron  Low 550's  Australia  Sep. 10  Mob rate of mid 360's deferred and amortized over contract. Plus cost adjustments and unpriced options. Assigned to ExxonMobil for an estimated 64-day well 

Gulf of Mexico
ENSCO 8500  Dynamically Positioned  8500  Eni/Anadarko  Mid 270's  Gulf of Mexico  Jun. 13  Commenced operations Jun. 6, 2009. Lump sum payment of $20 million amortized over contract. Plus cost adjustments and four 1-year same-rate options 
ENSCO 8501  Dynamically Positioned  8500  Load/ mobilize/ sea trials/ outfitting     Gulf of Mexico  Oct. 09  Delivered from shipyard in Singapore Jun. 8, 2009. Next commences operations for Nexen and Noble Energy mid Oct. 09 to 2Q 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 late 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, mid 510's plus cost adjustments and unpriced option 

Under Construction - uncontracted
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:  Bolded rig name and underlined text signify changes in rig status information from the previous month.
 

ENSCO INTERNATIONAL INCORPORATED
Rig Contract Status Report
As of June 15, 2009
 

            Est. Avail/  
    Water      Day Rate   Contract  
Rig / Region             Design             Depth'     Customer/Status     $US         Location       Change                Comments                 
                               
Asia & Pacific Rim

Middle East/India
ENSCO 50  F&G L-780 Mod II-C  300  Available     UAE       
ENSCO 53  F&G L-780 Mod II-C  300  BG  Low 100's  India  Feb. 10  Plus one 3-month same rate option and one 6-month unpriced option 
ENSCO 54  F&G L-780 Mod II-C  300  Bunduq  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  Dec. 09  Expect to enter shipyard in 3Q for approximately 35 days. One 5-well option, high 90's and one 4-well option, mid 110's 
ENSCO 94  Hitachi 250-C  250  Ras Gas  Mid 60's  Qatar  Jun. 10  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  Available  -----------  Bahrain  -----------    
ENSCO 97  MLT 82 SD-C  250  Available     Bahrain  -----------    

Southeast Asia/Australia
ENSCO 51  F&G L-780 Mod II-C  300  Available     Thailand        
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  Available     Malaysia       
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  Available     Malaysia       
ENSCO 104  KFELS MOD V-B  400  ConocoPhillips  Mid 220's  Australia  Jan. 10  Plus cost adjustments and seven 1-well unpriced options 
ENSCO 106  KFELS MOD V-B  400  Available     Malaysia       
ENSCO 107  KFELS MOD V-B  400  OMV  Mid 220's  New Zealand  Sep. 09  One 1-well option exercised starting mid Aug. 09, low 190's plus cost adjustments and three 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  Mobilizing/ Total     Brunei  Jun. 10  Shipyard average day rate, low 150's, deferred until contract commencement. Expected to commence operations mid Jun. 09, mid 190's and two 6-month options at market rate. Option exercise would result in a retroactive reduction in firm period rate to low 160's with options at market rate but floor in low 140's for first option period 
 
ENSCO I  Barge Rig     Cold stacked     Singapore       








          Note:  Bolded rig name and underlined text 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
Rig Contract Status Report
As of June 15, 2009
 

            Est. Avail/  
    Water      Day Rate   Contract  
Rig / Region             Design             Depth'     Customer/Status     $US         Location       Change                Comments                 
                               
Europe & Africa
 
North Sea
ENSCO 70  Hitachi K1032N  250  Shipyard     Denmark  Jul. 09  Next to Maersk on accommodation to Sep. 09, mid 110's and six 1-week options, low 110's 
ENSCO 71  Hitachi K1032N  225  Maersk  Low 200's  Denmark  Aug. 09  --------------------- 
ENSCO 72  Hitachi K1025N  225  ATP  Mid 210's  UK  Jun. 09  Plus cost adjustments 
ENSCO 80  MLT 116-CE  225  ConocoPhillips  Mid 210's  UK  Jul. 12  Expect to work in non-drilling support mode Jul. 09 to Sep. 09, low 100's. Then expect contract to be suspended to Jan. 10 at zero rate (available for sublet). Plus cost adjustments. Rates mutually agreed annually 
ENSCO 92  MLT 116-C  225  EIS Consortium*  Mid 210's  UK  Jan. 10  Plus cost adjustments and three unpriced 1-well options 
ENSCO 100  MLT 150-88-C  350  Shipyard     Poland  Oct. 09    
ENSCO 101  KFELS MOD V-A  400  GdF Suez  Low 280's  UK  Aug. 09  Plus cost adjustments 
ENSCO 102  KFELS MOD V-A  400  ConocoPhillips  High 280's  UK / Denmark  Dec. 11  Rate Sep. 09 to Feb. 10, low 200's plus cost adjustments. Thereafter rates to be negotiated 

Africa
                      
ENSCO 85  MLT 116-C  300  PA Resources  Mid 120's  Tunisia  Jul. 09    
ENSCO 105  KFELS MOD V-B  400  BG  Low 200's  Tunisia  May 10  Plus cost adjustments and unpriced option 

*EIS (East Irish Sea Consortium) - EOG, Challenger, Venture, BHPB, HRL Centrica
                               
North & South America

U.S. Gulf of Mexico
ENSCO 60  Levingston 111-C  300  Cold stacked     Gulf of Mexico       
ENSCO 75  MLT Super 116-C  400  ANKOR  Low 100's  Gulf of Mexico  Jul. 09  --------------------- 
ENSCO 82  MLT 116-C  300  Chevron  Mid 150's  Gulf of Mexico  Jan. 10    
ENSCO 83  MLT 82 SD-C  250  Shipyard  -----------  Gulf of Mexico  Sep. 09  Next to Pemex in Mexico (substituted for ENSCO 90) commencing Sep. 09 to Nov. 12, low 110's plus cost adjustments 
ENSCO 86  MLT 82 SD-C  250  Apache  Low 60's  Gulf of Mexico  Jul. 09    
ENSCO 87  MLT 116-C  350  ExxonMobil  Low 80's  Gulf of Mexico  Jul. 09    
ENSCO 90  MLT 82 SD-C  250  Cold stacked     Gulf of Mexico  --------  --------------------- 
ENSCO 99  MLT 82 SD-C  250  ExxonMobil  Mid 70's  Gulf of Mexico  Jun. 09  Next to Newfield to Jul. 09, high 40's 
 
Mexico
ENSCO 81  MLT 116-C  350  Pemex  Mid 160's  Mexico  Jun. 10  Indexed to global rates, adjusts late Jun. 09 to low 100's 
ENSCO 89  MLT 82 SD-C  250  Pemex  Mid 150's  Mexico  Mar. 12  Rates adjust to global index rate after initial 6 months (Aug. 09) and every 3 months thereafter 
ENSCO 93  MLT 82 SD-C  250  Pemex  Mid 160's  Mexico  Mar. 12  Rates adjust to global index rate after initial 6 months (Oct. 09) and every 3 months thereafter 
ENSCO 98  MLT 82 SD-C  250  Pemex  Low 110's  Mexico  Apr. 12  Plus cost adjustments 

Venezuela
ENSCO 68  MLT 84-CE  400  Chevron  Low 200's  Venezuela  Dec. 09  Chevron assigned contract to Repsol to Sep. 09 plus one same rate 1-well option. Then to Teikoku to Dec. 09 
ENSCO 69  MLT 84-S  400  -----------  -----------  Venezuela  --------  (Note: See Ensco News Release dated June 8, 2009 regarding the dispute over PDVSA's non-payment of invoices and Ensco's contract termination)  






          Note:  Bolded rig name and underlined text signify changes in rig status information from the previous month.
                     Please note forward-looking statement disclaimer at the top of the first page.