Company Overview: Ensco plc
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Ensco plc (NYSE: ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. Our fleet of 8 ultra-deepwater semisubmersible and 42 premium jackup rigs (including five rigs under construction) are strategically located in the most prolific oil and gas markets around the world. We manage our operations through four major business units: Deepwater, Asia & Pacific Rim, Europe & Africa and North & South America. Ensco serves customers with high-quality equipment, a well-trained workforce and a strong record of safety and reliability. Nearly 4,000 Ensco employees work around the clock for our customers. Ensco redomesticated to the UK in 2009 and is an English limited company (England No. 7023598) with its corporate headquarters located in London.
Ensco is investing more than $3 billion to construct seven ultra-deepwater semisubmersibles - the ENSCO 8500 Series?. The first four have been delivered and have commenced operations under long-term contracts. Our customers have been extremely satisfied with the high quality of the rigs and Ensco?s personnel.
Ensco?s 42-rig premium jackup fleet is one of the world?s largest and most capable. We continue to execute on our long-established strategy of high grading our jackup fleet by investing in newer equipment. Since the beginning of 2005 Ensco has invested more than $1 billion in our jackup fleet including the acquisition of ENSCO 109, a KFELS Super B design jackup that was delivered in 2008. Recently, we committed approximately $450 million to build two new ultra-premium harsh environment jackups that are enhanced versions of the KFELS Super A design.
In April 2010, Ensco announced a significant increase in its quarterly cash dividend to $0.35 per share from $0.025 per share.
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