ENSCO to construct new Ultra-Deepwater Semisubmersible Rig

ENSCO International Incorporated announced that one of its subsidiaries has entered into an agreement with the Keppel FELS Limited (Keppel FELS) Shipyard in Singapore to construct an ultra-deepwater semisubmersible rig to be named ENSCO 8503. The total project cost of ENSCO 8503 is currently estimated to be approximately $427 million, with delivery expected to be in the third quarter of 2010.