EX-99 2 exhibit99form8koct2009.htm EXHIBIT 99-1 EXHIBIT 99.1

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

Statements contained in the Rig Contract Status Report regarding the Company's estimated rig availability, contract duration, future rig rates and cost adjustments, 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, cost adjustments, 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 repairs, maintenance, enhancement or construction, scheduled delivery dates for new rigs, and 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 current relatively depressed prices in particular, and the impact of commodity prices upon future levels of drilling activity and expenditures, (iv) further declines in rig activity, which may cause us to idle or stack additional rigs, (v) excess rig availability or supply resulting from delivery of newbuild 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) the ultimate resolution of the ENSCO 69 situation in general, and the potential return of the rig or package policy political risk insurance recovery in particular, (x) changes in the timing of revenue recognition resulting from the deferral of certain amounts earned from our customers for mobilization of our drilling rigs, time waiting on weather or time in shipyards, which are recognized over the contract term upon commencement of drilling operations, (xi) operational risks, including excessive unplanned downtime and hazards created by severe storms and hurricanes, (xii) risks associated with offshore rig operations or rig relocations in general and in foreign jurisdictions in particular, (xiii) renegotiation, nullification, cancellation 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, (xiv) inability to collect receivables, (xv) changes in the dates new contracts actually commence, (xvi) changes in the dates our rigs will enter a shipyard, be delivered, return to service or enter service, (xvii) risks inherent to domestic and foreign shipyard rig construction, repair or enhancement, including risks associated with concentration of our ENSCO 8500 Series® rig construction in a single foreign shipyard, unexpected delays in equipment delivery and engineering or design issues following shipyard delivery, (xviii) availability of transport vessels to relocate rigs, (xix) 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, (xx) 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, (xxi) self-imposed or regulatory limitations on drilling locations in the Gulf of Mexico during hurricane season, (xxii) 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, (xxiii) our ability to attract and retain skilled personnel, (xxiv) governmental action and political and economic uncertainties, including expropriation, nationalization, confiscation or deprivation of our assets, (xxv) terrorism or military action impacting our operations, assets or financial performance, (xxvi) outcome of litigation, legal proceedings, investigations, or insurance or other claims, (xxvii) adverse changes in foreign currency exchange rates, including their impact on the fair value measurement of our derivative financial instruments, (xxviii) potential long-lived asset or goodwill impairments, (xxix) potential reduction in fair value of our auction rate securities, and (xxx) 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 any forward-looking statement, to conform the statement to actual results, or reflect changes in the Company's expectations.

Bolded rig names and underlined text signify changes in rig status from the previous month.
            Est. Avail/  
Segment /   Water      Day Rate     Contract  
Region / Rig         Design (1)         Depth' (1)    Customer/Status $000's US     Location        Change                Comments                 
                               
Deepwater

Australia
ENSCO 7500   Dynamically Positioned   8000   Chevron   Low 550s   Australia   Sep. 10   Mob day rate of mid 360s and reimbursable mobilization expenses deferred and amortized over contract. In total, these equal approx. $170,000 per day over the contract term as noted in the 2Q09 SEC Form 10-Q. Plus cost adjustments. 3Q09 revenue was reduced by approx. $29 million for non-routine downtime  

U.S. Gulf of Mexico
ENSCO 8500   Dynamically Positioned   8500   Eni/Anadarko   Low 300s   Gulf of Mexico   Jun. 13   Plus lump sum payment of $20 million and one-time reimbursable costs of $27 million amortized over contract. Plus cost adjustments and four 1-year same-rate options. 3Q09 revenue was reduced by approx. $6 million for non-routine downtime  
ENSCO 8501   Dynamically Positioned   8500   Nexen/Noble Energy   Mid 370s   Gulf of Mexico   Apr. 13   Contract commenced on Oct. 8. As planned with customer, initial commencement will be followed by final acceptance testing (7-10 days at zero rate in Oct.) before commencing operations. Mob costs are reimbursed at $18,000 per day over primary contract term. Plus cost adjustments and unpriced options  
ENSCO 8502   Dynamically Positioned   8500   Under construction       Singapore   1Q10   Contracted in Gulf of Mexico to Nexen commencing late 2Q10 to 2Q12, mid 480s plus cost adjustments. Contract can change to 3 or 4 year term at operator's election at the same day rate  
ENSCO 8503   Dynamically Positioned   8500   Under construction       Singapore   4Q10   Contracted in Gulf of Mexico to Cobalt commencing early 2011 for 2 years, high 520s plus cost adjustments and priced & unpriced options  

Under Construction - uncontracted
ENSCO 8504   Dynamically Positioned   8500   Under construction       Singapore   2H11      
ENSCO 8505   Dynamically Positioned   8500   Under construction       Singapore   1H12      
ENSCO 8506   Dynamically Positioned   8500   Under construction       Singapore   2H12      

(1)  ENSCO 8500 Series® rigs are proprietary design, ultra-deepwater, dynamically positoned, semisubmersibles and may be modified for drilling in up to 10,000' water depths.
Note:  The day rates reflected in this Rig Contract Status Report are the operating day rates charged to customers, which may include estimated contractual adjustments for changes in operating costs and/or reimbursable cost adjustments for ongoing expenses such as crew, catering, insurance and taxes. The day rates, however, do not include certain types of non-recurring revenues such as lump sum mobilization payments, revenues earned during mobilizations, revenues associated with contract preparation and other non-recurring reimbursable items such as mobilizations and capital enhancements. Routine and non-routine downtime may influence the actual revenues recognized during the contract term. Please refer to the Company's SEC filings for more information.

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

Bolded rig names and underlined text signify changes in rig status from the previous month.
 
             Est. Avail/  
Segment /   Water      Day Rate     Contract  
Region / Rig             Design             Depth'     Customer/Status $000's US     Location        Change                Comments                 
                               
Asia & Pacific Rim

Middle East/India
ENSCO 50   F&G L-780 Mod II-C   300   Sime Darby   Low 60s   Qatar   Jan. 10   Accommodation mode plus 90-day option  
ENSCO 53   F&G L-780 Mod II-C   300   BG   Low 100s   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   ADOC   Low 150s   Qatar   Nov. 10   Plus cost adjustments and unpriced option  
ENSCO 76   MLT Super 116-C   350   Saudi Aramco   High 130s   Saudi Arabia   Sep. 10      
ENSCO 84   MLT 82 SD-C   250   Maersk   Low 170s   Qatar   Nov. 09   Plus cost adjustments. Rig at zero rate for 14 days in 3Q and 10 days in 4Q due to non-routine downtime  
ENSCO 88   MLT 82 SD-C   250   Ras Gas   Mid 80s   Qatar   Aug. 10   One 5-well option, high 90s and one 4-well option, mid 110s  
ENSCO 94   Hitachi 250-C   250   Ras Gas   Mid 60s   Qatar   May 12   Rate increases Jun. 10, high 60s. One 1-well option, mid 110s  
ENSCO 95   Hitachi 250-C   250   Saudi Aramco   Mid 80s   Saudi Arabia   Nov. 10   Rate increases Nov. 09, mid 90s  
ENSCO 96   Hitachi 250-C   250   McDermott   Mid 50s   Qatar   Nov. 09   Accommodation mode  
ENSCO 97   MLT 82 SD-C   250   Available       Bahrain          

Southeast Asia/Australia
ENSCO 51   F&G L-780 Mod II-C   300   Pertamina   Mid 80s   Indonesia   Oct. 09   Ongoing program to be transferred to ENSCO 67  
ENSCO 52   F&G L-780 Mod II-C   300   Petronas Carigali   Mid 160s   Malaysia   Nov. 10   Plus cost adjustments and unpriced 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 160s   Malaysia   Jan. 10   Plus cost adjustments and unpriced options  
ENSCO 67   MLT 84-CE   400   Committed       Malaysia   Jun. 10   Next to Pertamina in Nov. 09, mid 80s (replacing ENSCO 51)  
ENSCO 104   KFELS MOD V-B   400   ConocoPhillips   High 210s   Australia   Jan. 10   Plus cost adjustments and seven 1-well unpriced options  
ENSCO 106   KFELS MOD V-B   400   Committed       Malaysia   Oct. 10   Expect to contract and commence work mid Oct. 09, low 90s, and one unpriced 1-year option  
ENSCO 107   KFELS MOD V-B   400   OMV   High 180s   New Zealand   Dec. 09   Rate increases Nov. 09 to mid 190s, then Dec. to high 190s  
ENSCO 108   KFELS MOD V-B   400   Total   Mid 190s   Brunei   Jun. 10   Two 6-month options at market rate. Option exercise would result in a retroactive reduction in firm period rate to low 160s with options at market rate but floor in low 140s for first option period  
 
ENSCO I   Barge Rig       Cold stacked       Singapore          
 



Note:  The day rates reflected in this Rig Contract Status Report are the operating day rates charged to customers, which may include estimated contractual adjustments for changes in operating costs and/or reimbursable cost adjustments for ongoing expenses such as crew, catering, insurance and taxes. The day rates, however, do not include certain types of non-recurring revenues such as lump sum mobilization payments, revenues earned during mobilizations, revenues associated with contract preparation and other non-recurring reimbursable items such as mobilizations and capital enhancements. Routine and non-routine downtime may influence the actual revenues recognized during the contract term. Please refer to the Company's SEC filings for more information.



Please read the forward-looking statements disclaimer at the top of the first page.



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

Bolded rig names and underlined text signify changes in rig status from the previous month.
            Est. Avail/  
Segment /   Water      Day Rate     Contract  
Region / Rig             Design             Depth'     Customer/Status $000's US     Location        Change                Comments                 
                               
Europe & Africa
 
North Sea
ENSCO 70   Hitachi K1032N   250   Available   ------------   UK   ------------   ------------------------------  
ENSCO 71   Hitachi K1032N   225   Maersk   Mid 90s   Denmark   Oct. 09      
ENSCO 72   Hitachi K1025N   225   Committed       UK   Feb. 10   Next to Eni in mid Nov. 09, low 90s  
ENSCO 80   MLT 116-CE   225   ConocoPhillips   Low 130s   UK   Dec. 12   Sublet to Ithaca to Nov. 09 plus one 14-day option in accommodation mode, low 80s. Then contract to be suspended to Apr. 10. Rates mutually agreed annually  
ENSCO 92   MLT 116-C   225   EIS Consortium*   Mid 210s   UK   Feb. 10   Plus cost adjustments. Rate from mid Dec. 09, low 150s  
ENSCO 100   MLT 150-88-C   350   Shipyard       Poland   Nov. 09   Next expect to work Jan. 10 to Jun. 10, low 110s plus one unpriced 6-month option  
ENSCO 101   KFELS MOD V-A   400   Available       UK          
ENSCO 102   KFELS MOD V-A   400   ConocoPhillips   Low 200s   UK   Dec. 11   Plus cost adjustments. Rate to Jan. 10, thereafter to be negotiated  

Mediterranean
                             
ENSCO 85   MLT 116-C   300   Aegean Energy   Mid 90s   Greece   Dec. 09   ------------------------------  

Africa
                             
ENSCO 105   KFELS MOD V-B   400   BG   Low 200s   Tunisia   May 10   Plus cost adjustments and unpriced option  

*EIS (East Irish Sea Consortium) - Venture, BHPB, HRL Centrica, EOG
                               
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   Available       Gulf of Mexico          
ENSCO 82   MLT 116-C   300   Chevron   Mid 150s   Gulf of Mexico   Jun. 10   Rate changes Jan. 10 to high 50s  
ENSCO 86   MLT 82 SD-C   250   Available       Gulf of Mexico          
ENSCO 87   MLT 116-C   350   Proserv   Low 50s   Gulf of Mexico   Oct. 09      
ENSCO 90   MLT 82 SD-C   250   Cold stacked       Gulf of Mexico          
ENSCO 99   MLT 82 SD-C   250   Available       Gulf of Mexico          
 
Mexico
ENSCO 81   MLT 116-C   350   Pemex   Low 100s   Mexico   Jun. 10   Indexed to global rates, adjusts late Dec. 09  
ENSCO 83   MLT 82 SD-C   250   Pemex   Low 110s   Mexico   Nov. 12   Plus cost adjustments  
ENSCO 89   MLT 82 SD-C   250   Pemex   Low 100s   Mexico   Mar. 12   Rates adjust to global index rate every 3 months (next Nov. 09)  
ENSCO 93   MLT 82 SD-C   250   Pemex   Mid 110s   Mexico   Mar. 12   Rates adjust to global index rate every 3 months (next Jan. 10)  
ENSCO 98   MLT 82 SD-C   250   Pemex   Low 110s   Mexico   Apr. 12   Plus cost adjustments  

Venezuela
ENSCO 68   MLT 84-CE   400   Chevron   Low 200s   Venezuela   Jan. 10   Chevron assigned contract to Repsol to Oct. 09 plus one well option. Then to MORUY II (Teikoku)  
 


Note:  The day rates reflected in this Rig Contract Status Report are the operating day rates charged to customers, which may include estimated contractual adjustments for changes in operating costs and/or reimbursable cost adjustments for ongoing expenses such as crew, catering, insurance and taxes. The day rates, however, do not include certain types of non-recurring revenues such as lump sum mobilization payments, revenues earned during mobilizations, revenues associated with contract preparation and other non-recurring reimbursable items such as mobilizations and capital enhancements. Routine and non-routine downtime may influence the actual revenues recognized during the contract term. Please refer to the Company's SEC filings for more information.


Please read the forward-looking statements disclaimer at the top of the first page.