Ensco plc

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Ensco plc
Type Public limited company
Traded as NYSEESV
S&P 500 Component
Industry Oil and gas services
Founded 1987 (Dallas)
Headquarters London, United Kingdom (incorporation)
San Felipe Plaza
Houston, Texas, USA (operational)1
Key people Daniel Rabun (Chairman, President, and CEO)
Revenue Increase$2.450 billion USD (2008)
Operating income Increase$1.402 billion USD (2008)
Net income Increase$1.151 billion USD (2008)
Website www.enscoplc.com
An Ensco offshore platform in the Persian Gulf
ENSCO DS6 Drillship taking on fuel bunkers in Walvis Bay, Namibia during the transit to Angola and start of contract with BP.

Ensco plc is a multinational oil and gas services company headquartered in London, United Kingdom. It is the world's second-largest offshore oil and gas well drilling company, and has 49 offshore jack-ups, seven drillships and 20 semi-submersible drilling rigs.2

With over 7,000 employees, and annual revenue in the $2.3 billion range, the Company is publicly traded on the New York Stock Exchange under the symbol ESV.

History

In 2009 Ensco announced that it would move its headquarters to London and become a UK-registered company. It stated that it did not plan to move "a large number" of employees to London and that the COO of the company would remain based in Dallas.3

In February 2011, Ensco agreed to acquire its rival Pride International for $7.3 billion.4 The acquisition provided Ensco access to the lucrative Brazil and West African markets, as well as greatly diversified its asset base from being largely jack-up rigs into the drillship and semi-submersible rigs as well. As a result of the acquisition, Ensco moved its offices from Dallas to Houston.5

References

  1. ^ Contact Ensco
  2. ^ "Ensco shares buoyed by quarterly results". Reuters. 9 August 2011. Retrieved 2 September 2011. 
  3. ^ "Dallas-based Ensco to move headquarters to U.K." The Dallas Morning News. Tuesday November 10, 2009. Retrieved on November 13, 2009.
  4. ^ "Ensco to buy Pride International for $7.3bn". BBC News. 7 February 2011. Retrieved 2 September 2011. 
  5. ^ Ensco to close Dallas office, conduct layoffs

External links

See also








Creative Commons License