ENSCO Reports on Preliminary Inspection of its Gulf of Mexico Rig Fleet Following Hurricane Rita.DALLAS -- ENSCO International Incorporated (NYSE NYSE See: New York Stock Exchange :ESV ESV end-systolic volume. ) announced that the Company has completed aerial inspections of its Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east rig fleet following Hurricane Rita. All rigs appear to be stable, and none appear to have sustained any structural damage. The only apparent issues relate to (1) a report that ENSCO 90 is not in trim, (2) the drill floor on ENSCO 68 has shifted, and (3) the ENSCO 69 skid-off drilling package also has shifted on the oil company platform. Onboard inspection of the platform will be completed prior to repositioning the skid-off package. ENSCO has returned personnel to several rigs, including ENSCO 69, and plans to have personnel back on all rigs by Tuesday evening. ENSCO 7500, the Company's deepwater semisubmersible sem·i·sub·mers·i·ble n. A seagoing, self-propelled barge that rides at anchor, stands on partially submerged vertical legs on submerged pontoons, and serves as living quarters and a base of operations in offshore drilling. rig, is back on location and preparing to recommence Re`com`mence´ v. i. 1. To commence or begin again. 2. To begin anew to be; to act again as. He seems desirous enough of recommencing courtier. - Johnson. v. t. 1. To commence again or anew. operations. ENSCO has 17 jackup rigs, one deepwater semisubmersible rig, and three platform rigs in the Gulf of Mexico. Statements contained in this press release that state Company or management intentions, anticipations, hopes, beliefs, expectations or predictions of future events are forward-looking statements. The forward-looking statements are made pursuant to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements include references to the condition of the ENSCO 68, ENSCO 69, ENSCO 90, and other Company drilling rigs in the Gulf of Mexico. 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) the actual condition of ENSCO 68, ENSCO 69, ENSCO 90, and other Company rigs in the Gulf of Mexico, (ii) the actual extent of damage to the Company's rigs as a result of Hurricane Rita and the resulting revenue loss or impact on continuation of the related drilling commitments, (iii) the operational and other risks associated with Hurricane Rita, and (iv) such other risks as are described from time to time in the Company's SEC filings. Copies of such filings may be obtained at no charge by contacting the Company's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 214-397-3045 or the investor relations section of the Company's website at http://www.enscous.com. 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 upon which any such statements are based. ENSCO, headquartered in Dallas, owns and operates a modern fleet of offshore drilling rigs servicing the petroleum industry on a global basis. |
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