ENSCO Completes Sale of Venezuela Barge Rig Fleet

ENSCO International has finalized the closing of the previously reported transaction involving the sale of assets in Venezuela. The transaction included the sale of six (6) Lake Maracaibo barge drilling rigs and related assets to Maersk Contractors Venezuela, S.A. a subsidiary of A.P. Moller-Maersk A/S, for cash consideration of $59.6 million. ENSCO expects to recognize a minimal after-tax gain on the sale during the second quarter.
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