Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/ensco-plc-sells-jackup-rig-ensco-85-for-64-million.shtmlEnsco plc sells jackup rig ENSCO 85 for $64 million
Ensco plc has sold ENSCO 85, a jackup rig built in 1981, for $64 million. The net book value of the rig was
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Ensco plc has sold ENSCO 85, a jackup rig built in 1981, for $64 million. The net book value of the rig was approximately $54 million. The pre-tax gain on this sale was approximately $10 million, which will be included in second quarter 2014 operating results.
'Year to date, we have sold three jackup rigs and recently we ordered two ENSCO 140 Series jackups,' said Executive Vice President and Chief Financial Officer Jay Swent. 'Continuous high-grading keeps us at the forefront of industry technology and we continue to have the largest premium jackup fleet in the world.'
