Ensco plc (NYSE:ESV) Files An 8-K Other Events
Item 8.01 Other Events
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Item 8.01
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Other Events
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drillship construction contract (the Amendment) with Samsung
Heavy Industries (SHI), the shipyard constructing the ENSCO
DS-10 (Drillship). Under the terms of the Amendment:
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The delivery date for the Drillship has been extended to
March 31, 2019 (the Extended Delivery Date). Ensco may elect to take delivery of the Drillship earlier upon giving SHI 75 days advance notice. Notwithstanding the Extended Delivery Date, SHI agreed to complete construction of the Drillship by March 31, 2017. |
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Payment of $75 million of the approximately $309 million
unpaid balance of the purchase price for the Drillship has been deferred to March 31, 2019, or such earlier date as Ensco may elect to take delivery of the Drillship. The remaining $234 million of the purchase price is to be paid in January 2017. |
About Ensco plc (NYSE:ESV)
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling. The Jackups segments provide contract drilling. The Other segment consists of management services on rigs owned by third parties. It owns and operates an offshore drilling rig fleet of over 60 rigs, including approximately four rigs under construction. Its rig fleet includes approximately 10 drill ships, over 10 semisubmersible rigs, approximately three moored semisubmersible rigs and over 40 jackup rigs. Of its approximately 70 rigs, approximately 30 are located in the Middle East, Africa and Asia Pacific, over 20 are located in North and South America (including Brazil), and approximately 20 are located in Europe and the Mediterranean. Ensco plc (NYSE:ESV) Recent Trading Information
Ensco plc (NYSE:ESV) closed its last trading session up +0.39 at 11.89 with 10,023,876 shares trading hands.