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ENSCO International Incorporated Announces Delivery of New Ultra-High Specification Jackup Rig.


DALLAS -- ENSCO International ENSCO International is the largest offshore Jack-Up Oil and Gas well drilling corporation [1], with 50 offshore Jack-Up and 5 Semi-submersible drilling rig's servicing domestic US, international, and Scientific drilling markets.  Incorporated (NYSE NYSE

See: New York Stock Exchange
: ESV ESV end-systolic volume. ) announced today that a subsidiary of the Company has taken delivery of ENSCO 108, an enhanced KFELS B Class design jackup rig constructed by Keppel FELS FELS Function-Embedded Listening Skills  Limited ("Keppel FELS") in Singapore. The rig, which was delivered on time and within budget, is contracted to work in Indonesia until the second quarter of 2008 with term extension options that could be exercised by the customer to extend the contract up to two additional years.

Dan Rabun, President and Chief Executive Officer of ENSCO commented, "We are pleased to complete another successful project with Keppel FELS. ENSCO 108 is the Company's ninth ultra-high specification jackup rig constructed by Keppel FELS since 1999."

With the addition of ENSCO 108, ENSCO's premium jackup fleet has increased to 44 rigs, ten of which are new ultra-high specification rigs built over the last seven years.

Statements contained in this news release that state Company or management intentions, hopes, beliefs, anticipations, expectations or predictions of future events are forward-looking statements. Such forward-looking statements include references to the duration of the drilling contract for ENSCO 108. It is important to note that the Company's actual results could differ materially from those projected in such forward-looking statements. The factors that could cause actual results to differ materially from those in the forward-looking statements include the following: (i) delay in the contract startup of ENSCO 108, (ii) risks associated with mobilizing to and operating in a foreign jurisdiction, (iii) general operational risks, (iv) force majeure [French, A superior or irresistible power.] An event that is a result of the elements of nature, as opposed to one caused by human behavior.

The term force majeure
 events, (v) renegotiation, nullification nullification, in U.S. history, a doctrine expounded by the advocates of extreme states' rights. It held that states have the right to declare null and void any federal law that they deem unconstitutional. , or breach of contracts, and (vi) the risks described from time to time in the Company's SEC filings. Copies of such filings may be obtained by contacting the Company or the SEC.

The Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements to reflect any change in Company or management expectations or any change in events, conditions or circumstances on which any such statements are based.

ENSCO, headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation).
The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl.
, owns and operates a modern fleet of offshore drilling rigs servicing the petroleum industry on a global basis.
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 30, 2007
Words:351
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