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Last $24.04 USD
Change Today -0.23 / -0.95%
Volume 3.0M
ESV On Other Exchanges
Symbol
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As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

6 Chesterfield Gardens

London, W1J 5BQ

United Kingdom

Phone: 44 20 7659 4660

Fax:

Ensco plc operates as an offshore contract drilling company worldwide. The company provides offshore contract drilling services to the international oil and gas industry. It owns and operates an offshore drilling rig fleet of 70 rigs, including 7 rigs under construction, with drilling operations in majority of the strategic markets worldwide. The company’s rig fleet includes 10 drillships, 13 dynamically positioned semisubmersible rigs, 5 moored semisubmersible rigs, and 42 jackup rigs. Of its 70 rigs, 17 are located in North and South America (excluding Brazil)’ 17 are located in the Middle East and Africa (including 2 rigs under construction); 17 are located in the Asia Pacific rim (including 5 rigs under construction); 15 are located in Europe and the Mediterranean; and 4 are located in Brazil. The company’s customers include majority of the primary national and international oil companies, government-owned and independent oil and gas companies, and various independent operators. It has operations and drilling contracts in approximately 20 countries on 6 continents in every major offshore basin worldwide. The markets in which the company operates include the U.S. Gulf of Mexico, Mexico, Brazil, the Mediterranean, the North Sea, the Middle East, West Africa, Australia, and Southeast Asia. The company provides drilling services on a ‘day rate’ contract basis. Under day rate contracts, it provides a drilling rig and rig crews, and receives a fixed amount per day for each day the company is performing drilling or related services. The company’s business consists of three operating segments: Floaters, which includes its drillships and semisubmersible rigs; Jackups; and Other, which consists of management services on rigs owned by third-parties. The company’s two segments, Floaters and Jackups, provide one service, contract drilling. Customers During 2014, BP, the company’s major customer, accounted for 16% of consolidated revenues. Business Strategy The company’s business strategy has been to focus on ultra-deepwater floater and premium jackup operations and de-emphasize other assets and operations considered to be non-core or that do not meet its standards for financial performance. Environmental Matters The International Convention on Oil Pollution Preparedness, Response and Cooperation; the U.K. Merchant Shipping Act 1995; Marpol 73/78; the U.K. Merchant Shipping (Oil Pollution Preparedness, Response and Cooperation Convention) Regulations 1998 and other related legislation and regulations; and the Oil Pollution Act of 1990, as amended, The Clean Water Act, and other U.S. federal statutes applicable to the company and its operations, as well as similar statutes in Texas, Louisiana, other coastal states and other non-U.S. jurisdictions, address oil spill prevention, reporting and control and expand liability, fine and penalty exposure across various segments of the oil and gas industry. History Ensco plc was founded in 1975.

 

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Diamond Offshore Drilling Inc $29.82 USD -0.58
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Superior Energy Services Inc $23.61 USD -0.63
Transocean Ltd $16.40 USD -0.57
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