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Ensco International Sells 2 Drilling Rigs

March 22, 2010 (FinancialWire) — Ensco International plc (NYSE: ESV) said that subsidiaries of the company have sold two jackup drilling rigs, ENSCO 50 and ENSCO 51. Both are F&G L-780 MOD II-C designs built in the early 1980s.

The combined sale price for the two rigs is approximately $95 million.

As of December 31, 2009, the total net book value for ENSCO 50 and ENSCO 51 was around $63 million, according to Ensco. Both rigs will be reclassified as discontinued operations on Ensco’s financial statements as of first quarter 2010.

U.K.-based Ensco International is a provider of offshore drilling services to the petroleum industry. The firm operates a fleet of ultra-deepwater semisubmersible and premium jackup drilling rigs.

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