Ensco (ESV +4.4%), owner of the world's second-largest offshore drilling fleet, reports...

|About: Ensco PLC (ESV)|By:, SA News Editor

Ensco (ESV +4.4%), owner of the world's second-largest offshore drilling fleet, reports better-than-expected Q4 earnings and revenues, and expects deepwater revenue to double in 2012 due to the earnings from new rigs. Q1 revenue should rise 8% from the Q4 level of $1B-plus, with deepwater revenue growing 15%, though contract drilling costs should rise ~7%.