Ensco has entered a $120m charter contract for an ultra-premium harsh environment jack-up rig with Nexen Petroleum.
Under the terms of the contract, Ensco 120 will be employed to drill ten wells in Nexen’s Golden Eagle development in the central North Sea.
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Nexen may extend the term through 11 one-well options, which would increase the contract’s value by an estimated $140m.
The Ensco 120 series of jack-ups is being built by Keppel FELS at its shipyard in Singapore.
The 150-seat drill rig will be delivered in the second quarter of 2013.
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