Ensco rig sent to S.America as Gulf permits sought

A brand-new Ensco Plc rig will move from the Gulf of Mexico to South America and be put to work for Tullow Oil Plc  for three months, while original client Cobalt International Energy Inc seeks drilling permits.
Ensco said on Wednesday the deal with a Tullow subsidiary would pay $440,000 a day for work off the French Guiana coast, not including about 50 days of mobilization and demobilization when the deepwater rig would earn 75 percent of that rate.
[Read more]
Source: Reuters