Ensco International Incorporated reported diluted earnings per common share from continuing operations of $1.05 for third quarter 2009, compared to $2.06 per share in third quarter 2008.

Earnings from discontinued operations were zero cents per share in
third quarter 2009, compared to a loss of $0.09 per share a year ago.
Diluted earnings per share were $1.05 in third quarter 2009, compared
to $1.97 in third quarter 2008. Discontinued operations relate to rigs
no longer in the Company’s fleet.

Chairman, President and Chief Executive Officer Dan Rabun stated, “We
recently added ENSCO 8501 to our active fleet of ultra-deepwater
semisubmersibles, and we expect deepwater segment revenues to grow
significantly in 2010 and 2011. We also are pleased to report that new
and existing customers recently contracted several of our premium
jackups. Jackup utilization is projected to rise, which will help to
lessen the impact of declining day rates.”

On October 14, 2009, Ensco filed a Current Report on Form 8-K with the
SEC updating the Company’s Annual Report on Form 10-K for the year
ended December 31, 2008 to reflect the retrospective application of two
accounting standards adopted on January 1, 2009, and the
reclassification of ENSCO 69 as discontinued operations in 2008 and
prior periods. Prior period results in this news release and the
attached schedules reflect the updated amounts in the Current Report.

On September 4, 2009, the Company reported that unplanned downtime for
ENSCO 7500 and ENSCO 8500 would reduce diluted earnings per share for
third quarter 2009. Based on the actual downtime incurred for repairs
required on these two rigs in the third quarter, earnings were reduced
by $0.19 per share.

Revenues in third quarter 2009 declined to $425 million from $620
million a year ago. Average day rates increased year-to-year for the
deepwater segment, but declined for the premium jackup fleet. Rig
utilization in third quarter 2009 declined in all of the operating
segments, compared to the prior year. Total third quarter 2009
operating expenses increased to $250 million from $247 million last
year, primarily due to an increase in depreciation related to ENSCO
8500 commencing operations.

Segment Highlights

Deepwater

Deepwater segment revenues grew by 131% year-to-year to $63 million in
third quarter 2009, mostly driven by commencement of ENSCO 8500
operations in early-June 2009. The average deepwater rig day rate
increased to $387,000 from $362,000 a year ago, however, utilization
declined to 64% from 87% in third quarter 2008. Contract drilling
expense increased 318% year-to-year, primarily due to adding ENSCO 8500
to the active fleet and ENSCO 7500 incurring both higher operating
costs in Australia and increased mobilization expense that is deferred
and recognized over the term of the contract.

Total Jackup Segments

Revenues from Ensco’s worldwide premium jackup fleet totaled $363
million in third quarter 2009, down from $592 million a year ago. The
decline was largely due to a decrease in utilization to 61% from 97%
last year and an $8,000 decline in the average day rate to $148,000.
Contract drilling expense declined 16% year-over-year, mostly due to
reduced personnel and other costs related to lower utilization.

Chief Financial Officer Jay Swent commented, “Cash now exceeds $1
billion, and we expect cash generation will continue to be strong as
total capital commitments for the ENSCO 8500 Series® newbuild program
decline, just as deepwater segment revenues begin to rise.”

Source: Ensco International

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• Ensco International Reports Third Quarter 2009 Results

    Ensco International Incorporated reported diluted earnings per common share from continuing operations of $1.05 for third quarter 2009, compared to $2.06 per share in third quarter 2008. Earnings from discontinued operations were zero cents per share in third quarter 2009, compared to a loss of $0.09 per share a year ago. Diluted

• Ensco International Reports Third Quarter 2009 Results

    Ensco International Incorporated reported diluted earnings per common share from continuing operations of $1.05 for third quarter 2009, compared to $2.06 per share in third quarter 2008. Earnings from discontinued operations were zero cents per share in third quarter 2009, compared to a loss of $0.09 per share a year ago. Diluted

• Ensco International Reports Third Quarter 2009 Results

    Ensco International Incorporated reported diluted earnings per common share from continuing operations of $1.05 for third quarter 2009, compared to $2.06 per share in third quarter 2008. Earnings from discontinued operations were zero cents per share in third quarter 2009, compared to a loss of $0.09 per share a year ago. Diluted

• Ensco International Reports Third Quarter 2009 Results

    Ensco International Incorporated reported diluted earnings per common share from continuing operations of $1.05 for third quarter 2009, compared to $2.06 per share in third quarter 2008. Earnings from discontinued operations were zero cents per share in third quarter 2009, compared to a loss of $0.09 per share a year ago. Diluted

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