Ensco has entered a drilling contract for its ENSCO 120, an ultra-premium harsh environment jackup rig. The $120 million contract is with Nexen Petroleum to support its Golden Eagle development in the Central North Sea for 10 wells.
The contract could be increased by up to $140 million if Nexen extends the term through 11 one-well options.
The new jackup rigs will be enhanced versions of the KFELS Super A design capable of operating in water depths up to 400 feet.
“We are very pleased that Nexen has contracted ENSCO 120, which is scheduled for delivery in second quarter 2013,” said Dan Rabun, chairman, president and CEO of Ensco. “Nexen will receive unmatched value and increased drilling efficiencies from this extremely capable and versatile rig, as well as Ensco’s expertise and experience operating in the North Sea.”