ENSCO Sells Ven Barge Rigs to AP Moller

Flush with cash and bullish on the future, AP Moller has stepped up and signed an MOA to acquire six Lake Maracaibo barge drilling rigs and related assets for cash consideration of $59 million from ENSCO International Incorporated (NYSE: ESV). According to ENSCO, the sale does not include the ENSCO I barge drilling rig, which is currently under long-term contract in Indonesia. There were no financial advisors on the deal.

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