Tondog

Ensco International Q1 '08 Performance Review

Time delays, 8500s

I would not be surprised to see additional delays on the other 8500s, these are big complicated machines and although Keppels is one of the most compitent yards in the world these projects almost always have "optimistic" projections. Normally upper level management sets the timeline then the project managers and engineers get tasked with trying to meet it. Put another way, I've yet to ever see a large shipyard new build meet an original estimate. This being said if anyone where to have a chance it would be Ensco / Keppel.

Tony