Ensco has announced the sale of its two remaining cold-stacked jackups for a total of $33 million.
The two jackups, ENSCO 69 (300′ ILS) and Wisconsin (300′ ILS), were both built in 1976.
Executive Vice President and Chief Financial Officer Jay Swent said, “This sale is part of Ensco’s ongoing strategy of high-grading our fleet by divesting older, less-capable assets and reinvesting in advanced-technology rigs. We believe our orderly process of selling rigs has generated superior value for shareholders over time, and that this strategy keeps us at the forefront of industry technology with one of the newest and most capable fleets in the world.”
During the past four years, Ensco has sold 13 rigs and proceeds have been reinvested in the fleet.
Over the same period, Ensco has taken delivery of 12 high-performance rigs, including five Samsung DP3 ultra-deepwater drillships, five ENSCO 8500 Series ultra-deepwater semisubmersibles and two ENSCO 120 Series ultra-premium harsh environment jackups.