ENSCO 8502 Scheduled to Hit GOM in Third Quarter

Ensco reported that ENSCO 8502, a new ultra-deepwater semisubmersible drilling rig, is currently projected to commence operations in the third quarter of 2010. Commencement was previously scheduled for late-second quarter 2010 following shipyard delivery last month. The rig currently is in a shipyard in Singapore, where it is completing final preparations prior to mobilizing to the U.S. Gulf of Mexico.

The delay in commencement of operations is a result of recent fire damage that was contained in a portion of the engine room. There were no injuries to personnel. Insurance claims relating to the damage and repairs will be filed under appropriate insurance policies.

Delivery schedules for the remaining ENSCO 8500 Series® rigs remain unchanged.


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