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busterb · 03-14-2008, 09:15 PM

Offshore drilling, Newfoundland. Look at the price per-day of the rig!
ENSCO International Incorporated announced that the Company has entered into a letter of intent from a customer for a drilling contract for ENSCO 8503, an ultra-deepwater
semisubmersible rig currently under construction. The contemplated contract will be for a two-year term, with an option for the customer to extend the contract at mutually agreed rates and term. The aggregate day rate revenue for the two-year term is expected to be approximately $372 million. The base operating rate is $510,000 per day, and the day rate will be subject to adjustment for variances in operating costs from current levels.

03-14-2008, 09:15 PM	#92
busterb NSABFD Join Date: Jul 2004 Location: MS. usa Posts: 3,908	Offshore drilling, Newfoundland. Look at the price per-day of the rig! ENSCO International Incorporated announced that the Company has entered into a letter of intent from a customer for a drilling contract for ENSCO 8503, an ultra-deepwater semisubmersible rig currently under construction. The contemplated contract will be for a two-year term, with an option for the customer to extend the contract at mutually agreed rates and term. The aggregate day rate revenue for the two-year term is expected to be approximately $372 million. The base operating rate is $510,000 per day, and the day rate will be subject to adjustment for variances in operating costs from current levels. __________________ I've haven't left very deep footprints in the sands of time. But, boy I've left a bunch.