Hurricane-Damaged Jackup Rig ENSCO 64 Declared a Constructive Total Loss

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Hurricane-Damaged Jackup Rig ENSCO 64 Declared a Constructive Total Loss

    DALLAS, April 19 /PRNewswire-FirstCall/ -- ENSCO International
Incorporated (NYSE: ESV) announced that the Company's jackup drilling rig
which was severely damaged by Hurricane Ivan in September 2004, ENSCO 64, has
been declared a constructive total loss for insurance purposes.  The Company
expects to receive the $65 million insurance proceeds within the next two
weeks, and plans to recognize an after tax gain of approximately $8 million
related to this insurance settlement during the second quarter of 2005.
    A final determination as to the extent of loss and related insurance
recovery on ENSCO 25, the Company's platform rig that also was damaged by
Hurricane Ivan, is expected to be concluded during the second quarter of 2005.
The recovery, net of deductible, is anticipated to be approximately
$1.3 million.
    Statements contained in this news release that state Company or management
intentions, plans, hopes, beliefs, anticipations, expectations or predictions
of future events are forward-looking statements.  Such forward-looking
statements include references to the expected insurance settlement on ENSCO
25, receipt of insurance proceeds on ENSCO 64 and ENSCO 25, and associated
financial reporting.  It is important to note that the Company's actual
results could differ materially from those projected in such forward-looking
statements.  The factors that could cause actual results to differ materially
from those in the forward-looking statements include the following: (i) a
delay in the anticipated receipt of insurance proceeds or change in the amount
thereof, (ii) the actual determination as to the extent of loss and insurance
recovery on ENSCO 25, and (iii) the risks described from time to time in the
Company's SEC filings.  Copies of such filings may be obtained by contacting
the Company or the SEC.
    The Company disclaims any obligation or undertaking to disseminate any
updates or revisions to any forward-looking statements to reflect any change
in Company or management expectations or any change in events, conditions or
circumstances on which any such statements are based.
    ENSCO, headquartered in Dallas, Texas, owns and operates a modern fleet of
offshore drilling rigs servicing the petroleum industry on a global basis.

SOURCE ENSCO International Incorporated

http://www.enscous.com
CONTACT:
Richard LeBlanc of ENSCO International
Incorporated, +1-214-397-3011