June 2, 2008
ENSCO orders a semi and hires Mark Burns
Dallas-headquartered ENSCO International Incorporated (NYSE: ESV) has ordered a sixth ultra-deepwater semisubmersible and hired Mark Burns to be President of its ENSCO Offshore International Company.
The US$537 contract with Keppel FELS Limited (Keppel FELS) for the sixth consecutive semi of the ENSCO 8500 Series follows shortly after of the award of the fifth semi, ENSCO 8504, that was announced on 6 May 2008.
This latest rig, ENSCO 8505, is capable of drilling in up to 8,500 feet of water. Features include a two million pound quad derrick, offline pipe handling capability, 35,000 ft drilling capacity, and DP2. requirements. Delivery is expected in the first half of 2012.
ENSCO Chairman, President and CEO Daniel W. Rabun, of ENSCO said, "Deepwater has become a very important part of our business. We estimate that our deepwater fleet, including the 8500 Series semis, will contribute approximately 30% of our total revenue when in operation."
Mark Burns comes to ENSCO from Noble Drilling (U.S.) Inc., where he was Vice President & Division Manager, responsible for management of Noble's offshore units located in the U.S. Gulf of Mexico. The winner of the IADC Contractor of the Year award in 2007, he will be based in ENSCO's Dallas headquarters and will replace Paul Mars, who is retiring effective July 2, 2008.