ENSCO International reports damage to Jackup Rig
  by: OilOnline
  Tuesday, June 20, 2006

ENSCO International Inc. has reported that ENSCO 107, a KFELS Mod V-B jackup, sustained damage while pre-loading on a drilling location offshore Vietnam. No personnel were injured and there was no environmental impact.

Preliminary inspection indicates relatively minor damage to the rig, which has been safely jacked down and is currently under tow to Vung Tau, Vietnam. ENSCO anticipates that the rig will move to the Keppel FELS shipyard in Singapore to effect repairs. Repair costs in excess of a $5.5 million deductible are expected to be covered by insurance.

The rig is under contract to the Korean National Oil Company for a seven-well program offshore Vietnam. Pending further review and evaluation, it is unknown when the rig will return to work although very preliminary initial estimates suggest an approximate 60-day suspension of operations. The incident is not expected to have a material impact upon ENSCO's results of operations.