USA: Ensco International has announced that its subsidiary company has 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 US$95 million.
As of the end of 2009, the total net book value for 'ENSCO 50' and 'ENSCO 51' was approximately US$63 million.
"We have a long history of high-grading our fleet by investing in newer equipment and divesting older assets," Chief Financial Officer Jay Swent commented. "Monetising 'ENSCO 50' and 'ENSCO 51' provides us added flexibility to potentially acquire new premium jackups as we continue investing in our growing fleet of ultra-deepwater semisubmersibles."
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