BRIEF-Ensco PLC concludes discussions with Petrobras regarding revised commercial terms on rig contracts

May 5, 2016 

* Ensco Plc – Concluded discussions with Petrobras regarding revised commercial terms with respect to some rig contracts – SEC Filing

* Ensco Plc – Ensco 6002 has had its contract term extended to December 2019

* Ensco Plc – Previous downtime on Ensco 6001 that could have been applied toward limit permitting contract termination has been reduced to zero

* Ensco Plc – Ensco 6003 and Ensco 6004 had their contracts terminated effective May 1, 2016 by mutual agreement

* Ensco Plc – In Q2 of 2016, we plan to mobilize Ensco 6003 and Ensco 6004 out of Brazil and permanently retire these rigs Source – 1.usa.gov/26WRyUD Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

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