The company sold the Ensco 69 and Wisconsin for a pre-tax gain of about $24 million.
Ensco executive vice president Jay Swent said the sale was part of the company’s “high-grading” through shedding of older and less-capable assets while reinvesting in better rigs.
Over the past four year, Ensco has sold 13 rigs, with proceeds reinvested in the fleet, buying 12 high-performance rigs over the same period.
The
