ENSCO delays redeployment of two jack-up rigs from Gulf to Middle East - June 27, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryJune 2004

Vol. 9, No. 26

Week of June 27, 2004

ENSCO delays redeployment of two jack-up rigs from Gulf to Middle East

Ray Tyson

Petroleum News Houston correspondent

Offshore drilling contractor ENSCO International said June 18 the scheduled redeployment of the ENSCO 93 and 95 jack-up rigs from the U.S. Gulf of Mexico to the Middle East has been delayed.

The delay, which will cost ENSCO an additional $3 million to $4 million in the 2004 second quarter, resulted from an inability to meet the contractual loading date for the transport vessel due to a delay in completion of a drilling contract for the ENSCO 93 and other operational considerations, the company said.

The rigs were scheduled for upgrades in a Middle East shipyard upon arrival, and were not subject to drilling contract commitments, the company said, adding that ENSCO intends to proceed with rig relocations as soon as alternative transportation can be secured. To mitigate the delay in availability for work in the Middle East, the company said it would complete some of the upgrades prior to departure.

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