The rig owner said it plans to realise an after-tax gain of around $8 million related to the insurance settlement during the second quarter of 2005.
The Ensco 64 was severely damaged by Hurricane Ivan in the US Gulf in September 2004. Ensco recently awarded Singapore yard Keppel Fels a $117.2 million contract to build a replacement jack-up, a K-Fels B Class design to be named Ensco 108.
Meanwhile,
