Operational and Financial Overview

ENSCOROWAN Global Rig Fleet Substantial Portion of Current Global Supply are Retirement Candidates ■ ~40 floaters1 could be candidates for retirement based on age and contract expirations Floaters Jackups Delivered Rigs Under Contract 127 307 Future Contract 30 47 Idle/Stacked 40 98 Marketed Fleet 197 452 Non-Marketed 44 64 Total Fleet 241 516 Marketed Utilization 80% 78% Total Utilization 65% 69% Newbuild Rigs Contracted 3 1 Uncontracted 28 20 Build in China 0 51 Total Newbuilds 31 72 ■ ~160 jackups¹ could be retired as expiring contracts and survey costs lead to the removal of older rigs from drilling supply Uncontracted newbuilds expected to be delayed further, while several newbuilds in China are unlikely to join the global fleet Source: IHS Markit RigPoint as of April 2019 1 Includes rigs >30 years of age that are idle without follow-on work or have contracts expiring before year-end 2019 without follow-on work and rigs 15 to 30 years of age that have been idle for more than two years and without follow-on work 14

View entire presentation