ESV - Ensco - October Fleet Status And Backlog Analysis (Part I)
Source: Glassdoor Picture: Ensco DS-9
Introduction
Ensco PLC (ESV) has been, and still is, one of our long-term investments in the offshore drilling segment. The company is well diversified and presents a solid fleet with about 58 rigs comprised of some of the highest-specification and most modern drillships and jack-ups in the industry.
The recent announcement about the merger between Ensco and Rowan (RDC) that I have analyzed in this preceding article will reinforce the number-one position this new combined company will have in the offshore drilling world with a fleet