UK driller Ensco saw its net loss deepen over the first quarter 2018 with its revenues down on lower rig utilization and dayrate decline.
In the first quarter of this year Ensco’s net loss increased to $140.1 million from a $25.7 million loss in the same period last year.
Revenues were $417 million in the first quarter 2018 compared to $471 million a year ago due to a decline in reported utilization to 54% from 58% and a decline in the average day rate to $132,000 from $156,000.
Brazil Energy Insight 
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