Ensco plc orders two new Ultra-Premium Harsh Environment Jackup Rigs

Ensco plc announced today that one of its subsidiaries has finalized a fixed-price shipyard construction contract with Keppel FELS Limited (“KFELS”) in Singapore for construction of two new ultra-premium harsh environment jackup rigs. Including commissioning, system integrated-testing and project management, the construction cost is expected to be approximately $230 million per rig. The shipyard construction price for both rigs is approximately $440 million. The first rig is scheduled for delivery in the second quarter 2013 and the second rig in fourth quarter 2013. The shipyard contract also includes options for two additional jackups of the same design at similar terms that may be exercised by 2 August 2011.
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Source: Your Oil and Gas News