ENSCO International Incorporated

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ENSCO International Incorporated ("ENSCO") is one of the leading offshore oil and gas drilling contractors in the world. ENSCO has 56 offshore rigs servicing domestic and international markets. The Company is based in Dallas, Texas and is publicly traded on the New York Stock Exchange under the symbol ESV. ENSCO is focused on the offshore contract drilling business that is essential to oil companies in their worldwide exploration and development efforts. The Company owns and operates one of the world's largest fleets of premium jackup rigs. Forty-one of the Company's 43 premium jackup rigs were added since 1992. In August 2002, the Company acquired Chiles Offshore Inc., which owned five ultra-premium jackup rigs. ENSCO operates a high quality, modern fleet of rigs with one of the most efficient cost structures in the industry. As a result, the Company’s operating margins have been consistently among the highest in the offshore contract drilling industry. ENSCO's strategy is to maintain a conservative capital structure. The Company had approximately $196 million of cash and temporary investments and a long-term debt as a percent of long-term debt plus Equity of 21% as of March 31, 2003. As the result of the Company's strong balance sheet, ENSCO has the financial flexibility to pursue additional growth opportunities.