Ensco plc (NYSE: ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. Our fleet of eight ultra-deepwater semisubmersible rigs (including four under construction) and 40 premium jackup rigs are strategically located in the most prolific oil and gas markets around the world and are managed through four major business units: Deepwater, Asia & Pacific Rim, Europe & Africa and North & South America. Nearly 4,000 Ensco employees work around the clock for our customers.
Highlights
We recently achieved important milestones in its ultra-deepwater expansion. In 2009, ENSCO 8500 and ENSCO 8501, the first two of seven ultra-deepwater semisubmersibles in the $3 Billion+ ENSCO 8500 Series® newbuild program, commenced drilling operations in the Gulf of Mexico. The third semi in the 8500 Series is expected to commence operations in 3rd quarter 2010. The proprietary design of the ENSCO 8500 Series® ultra-deepwater semisubmersibles was developed with extensive input from customers to address the drilling requirements of virtually all deepwater fields around the world.
Rated for work in 8,500' of water, the new ultra-deepwater semisubmersible rigs may be modified to operate in water depths up to 10,000'. The uniform design streamlines operations across all of the 8500 Series rigs to control costs and enhance reliability for our customers.
Ensco’s 40-rig premium jackup fleet is one of the world's largest and most capable. Ten new jackup rigs were added over the past decade and more than $1.3 billion has been invested to upgrade the capability of the jackup fleet.
In December 2009, Ensco redomesticated to the UK and, in March 2010, we changed our name to Ensco plc to commemorate the opening of our new global headquarters in London.
In April 2010, Ensco announced a significant increase in its quarterly cash divided to $0.35 per share from $0.025 per share.
Summary Financial Information
(in millions, except per share data)
| Income Statement |
|
Three Months Ended 30 Jun 2010 |
Three Months Ended 30 Jun 2009 |
|
Revenues |
$406 |
$497 |
|
Operating Income |
125 |
264 |
|
Net Income |
126 |
200 |
|
Diluted EPS |
0.89 |
1.41 |
|
Diluted EPS - Continuing Operations |
$0.82 |
$1.55 |
| Balance Sheet |
|
30 Jun 2010 |
|
Cash and Cash Equivalents |
$1,237 |
|
Total Assets |
6,921 |
|
Long-term Debt |
249 |
|
Shareholders’ Equity |
5,774 |
|
Market Capitalization ($41.20 at 30 Jun 2010) |
$5,805 |