Forum Energy Technologies, Inc. (NYSE: FET) is pleased to announce the appointment of Prady Iyyanki to the position of Chief Operating Officer. In this newly created role, he will be responsible for leading Forum's global operations and driving growth and operational excellence across the organization. Prady will be based in Houston, Texas.

Cris Gaut, Forum's Chairman and Chief Executive Officer, commented, "Prady brings years of international business, process improvement and manufacturing industry experience to Forum. His leadership and depth of experience will be of great value to Forum as we continue to enhance our manufacturing excellence, supply chain efficiency, product quality, and innovation management processes."

Prior to joining Forum, Prady spent over sixteen years with General Electric (GE) in various senior management roles. Most recently Prady was President and CEO of the GE Oil and Gas Turbomachinery Equipment business segment, headquartered in Italy. He has a Bachelor of Science in Engineering from Jawaharlal Nehru Technology University, India and a Master of Science in Engineering from South Dakota State University.

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) has announced that Mr. Lars Sjöbring has been appointed Senior Vice President and General Counsel of Transocean Ltd. He will join the company upon completion of the notice period with his current employer and will be based in Geneva, Switzerland. In the interim, Mr. Allen Katz will continue to serve as the company's Interim Senior Vice President and General Counsel.

Mr. Sjöbring's qualifications include over 15 years of law practice in international settings, and he received his education in both Europe and the United States. Mr. Sjöbring has been serving as the Vice President Legal Affairs, General Counsel and Secretary of Autoliv, Inc., an automotive safety supplier, since 2007. Prior to joining Autoliv, Inc., from 2003 to 2007 Mr. Sjöbring was Senior Legal Counsel and subsequently Director Legal, M&A with Nokia Corporation.

Mr. Sjöbring earned Master of Law degrees from the University of Lund, Sweden, in 1994; Amsterdam University, Netherlands, in 1995; and Fordham University, United States, in 2003.
"Lars' background and experiences make him an outstanding addition to our management team and I look forward to his contributions," said Steven L. Newman, President and Chief Executive Officer of Transocean Ltd. "As we welcome Lars, I want to thank Allen Katz for his service as Interim General Counsel. His expertise and guidance has proven invaluable since he began advising the company in June 2010."

Acteon is pleased to announce the opening of its new Acteon Singapore Operations Center (ASOC) at the Offshore Marine Center in Singapore's Tuas industrial area. The Center is the first purpose-built Acteon facility and has been designed to accommodate multiple Acteon operating companies and support their offshore operations throughout South East Asia.

The 10,000 m2 port side facility offers Acteon companies both high grade office space and engineering capability in South East Asia. The ASOC provides Acteon operating companies with easy and unrestricted port mobilization and demobilization options for heavy equipment, which will be supported by a 128 te workshop crane capacity. Acteon's South East Asia customer base will now benefit from quicker response times on equipment supply and rapid turnaround rates.

Several Acteon companies, including Team Energy Resources, Menck, Claxton, Aquatic and LM Handling will utilize the ASOC for the following activities:
- Project Design and Engineering
- Equipment maintenance and servicing
- Equipment availability for rental and sales

Progressively, additional operating companies will be able to utilise the facility, as Acteon Group's position in South East Asia strengthens.

"There was a strong demand for Acteon companies having a dedicated facility from which to utilize and service the South East Asia region," said Acteon Group Ltd executive vice president Paul Alcock. "We are very committed to continuing our growth in South East Asia, and by investing heavily in establishing a dedicated local presence in Singapore, we have both secured easy and unrestricted port mobilization and demobilization options for heavy equipment in Teas, while vastly improving our access to customers in the region. They, in turn, will benefit from our enhanced and expedited service capabilities. This new center we hope will add significant value to our capabilities throughout South East Asia, and will add positively to the relationships we establish and develop in the region."

"We are delighted that Acteon has chosen to establish its regional service center at the Offshore Marine Centre to serve its customers in Asia better. The Offshore Marine Center, with its common waterfront area, is a strong testament to the collaboration between the government and industry to develop innovative solutions that optimize the use of resources," said Lim Kok Kiang, executive director, transport engineering, Singapore Economic Development Board.

Acteon companies, 2H Offshore and InterMoor, are pleased to announce that they have both been selected as one of the Houston Chronicle's Top Workplaces; a list of the best companies to work for in the Houston metro area.

The Top Workplaces are determined based solely on employee feedback. The employee survey is conducted by WorkplaceDynamics, LLP, a leading research firm on organizational health and employee engagement. WorkplaceDynamics conducts regional Top Workplaces programs with 37 major publishing partners and recognizes a list of 150 National Top Workplaces. Over the past year, more than 5,000 organizations and one in every 88 employees in the U.S. have turned to WorkplaceDynamics to better understand what's on the minds of their employees.

285 companies participated in the program and 150 were selected for the prestigious Top Workplaces award. 2H Offshore placed seventh and InterMoor placed 59th out of 70 in the small company category (1 – 149 employees). In addition, 2H Offshore was awarded a special 'Communications Award,' in recognition of the company's outstanding performance in the Communications section of the survey.

Feedback from 2H employees on the survey included favorable comments on the "approachable" nature of the management team, "tremendous benefits and flexible working hours," the emphasis put on "knowledge sharing, communication and continued training" for employees and how "new ideas" are encouraged from all levels of staff. 2H Offshore celebrated its 20th anniversary in February 2013 and currently employs more than 300 people globally.

In the survey, InterMoor employees revealed that they valued "InterMoor's flexible approach to maintaining a work-life balance," "working alongside dedicated people" and "a sense of pride in the projects InterMoor is involved with." In addition to employer-provided health and dental plans, InterMoor employees enjoy regular team building activities and a company-matched 401K program. Employees are also supported in training and career advancement opportunities.

David Walters, 2H vice president commented, "At 2H Offshore, we have a strong work ethic, but we greatly believe that our high morale and sense of team spirit play a major role in our success. It is a fun and friendly place to work, and we emphasize the importance of communication and interpersonal relationships through collaborative projects, team work and regular team building activities. This achievement is a credit to each and every one our employees who contribute daily to creating and sustaining our excellent workplace culture."

"InterMoor is proud and honored to have been awarded a place on the Houston Chronicle's Top Workplaces list alongside 2H Offshore," said InterMoor President Tom Fulton. "All the Acteon companies place tremendous value on their employees and therefore employee satisfaction is one of our core principles at InterMoor."

The Houston Chronicle published the complete list of Top Workplaces on Sunday, Nov. 10, 2013.

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Wood Group Mustang announces John Etherington as general manager Malaysia, leading operations and strategic development in the Asia Pacific region. Kuala Lumpur is the hub of Wood Group Mustang's Malaysia operations, where Etherington will focus on an expanding presence in the offshore, onshore, chemicals, oil sands, process plants, industrial, and automation and control markets.

A native of the U.K., Etherington delivers 26 years of upstream and downstream oil and gas expertise, holding positions within engineering, project management, general management and operations. His scope of past projects include Qatar, United Arab Emirates, Iran, Saudi Arabia, India, Thailand, Indonesia, China, Australia, North Sea and Malaysia.

Etherington joins Wood Group Mustang after serving 19 years with WorleyParsons, most recently as chief operations officer for their joint venture in Kuala Lumpur, where he has resided for the past 16 years. He holds a Bachelor of Science in instrumentation and control engineering from the University of Teesside in the U.K. and is a chartered engineer with the Institute of Electrical Engineers in the U.K.

"John's proven track record and passion for the Asia Pacific region will allow Wood Group Mustang to build and deliver a project management and engineering capability recognized on a global scale serving our local and regional clients," shared Wood Group Mustang Executive Vice President John W. Dalton, Sr.

Wood Group Mustang's Kuala Lumpur office was established in late 2010 as the regional execution center for the upstream, automation, process plant and industrial sectors. The objective of the business is to serve and develop local industries by bringing Wood Group Mustang's technical excellence in project execution and delivery to the region. The office is located at The ICON Jalan Tun Razak, W-07-01, Level 7, West Wing, No.1 Jalan 1/68F off Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.

Statoil ASA (OSE:STL, NYSE:STO): Arne Sigve Nylund has been appointed executive vice president for Development and Production Norway.

Arne Sigve Nylund has been appointed executive vice president for Development and Production Norway. (Photo: Ivar Langvik)

Nylund will assume his new responsibilities on 1 January 2014 and report to Helge Lund, Chief Executive Officer. Nylund's office location will be Stavanger. He succeeds Øystein Michelsen, who has been appointed country manager in Tanzania.

Nylund is currently senior vice president, Processing and Manufacturing in Marketing, Processing and Renewable Energy (MPR), a role he has held since 2009.

He joined Statoil in 1987 with the transfer of the operatorship of Statfjord from Mobil. He has a background from a range of operational and leadership positions. He has been platform manager at Gullfaks, operations manager at Statfjord and senior vice president for Statfjord operations and Operations West in DPN.

"Arne Sigve Nylund is an experienced leader from both upstream and downstream operations in Statoil. His deep understanding of both the onshore and offshore parts of Statoil makes him a very strong fit for the challenging position as head of DPN," says Statoil CEO Helge Lund.

"Arne Sigve Nylund is recognised for his strong interpersonal skills. He works well with internal as well as external stakeholders. He has experience from driving challenging projects and change agendas, and has demonstrated ability to create trust and strong results. The Norwegian Continental Shelf is the backbone of Statoil's activities, and I look forward to having Arne Sigve as part of the team realising the full NCS potential over the years to come," Lund adds.

"DPN is a very important business area in Statoil. The years to come will be both exciting and demanding. Our ability to adapt, improve and change is a prerequisite for future success. I am really looking forward to again have the opportunity to work together with all the competent and dedicated people in DPN to deliver on our goals and contribute to Statoil's improvement agenda," says Arne Sigve Nylund.

Nylund has a BSc in engineering from the Stavanger Technical College, 1981, a BSc in operations management from University of Stavanger, 1988 and a business economist degree from Norwegian School of Economics, 1989.

Nylund's successor will be announced in the near future.

CSA Ocean Sciences Inc. (CSA) GeoSpatial Services (GS) business line is using remote sensing and Geographic Information System (GIS) technology to map shoreline sensitivity to oil spills in the eastern Mediterranean Sea. The Environmental Sensitivity Index (ESI) is a widely used system for ranking and classifying shoreline sensitivity based on characteristics such as degree of wave energy, potential penetration of oil into the substrate, and natural oil retention times of the shore type. This type of information is crucial to mitigate the potential impact of an oil spill.

With increased offshore energy exploration and development activities in the eastern Mediterranean, shorelines in this region are increasingly at risk of exposure to oil spills and other incidents. The challenges of security and accessibility in these countries makes traditional approaches of aerial and ground surveys difficult, particularly for the considerable length of these Mediterranean shorelines. CSA GS has developed a technique to acquire, examine, and interpret high-resolution, georeferenced satellite imagery and assign ESI Shore Types to digital shoreline segments in GIS. The technique can be applied to any shoreline in the world for which an understanding of coastal environments is of interest.

Because the work occurs within the spatial framework of GIS, it enables the integration of other layers of spatial data such as sensitive resources, oil spill model trajectories, environmental sampling designs, and response plans. Once integrated into GIS, the shoreline classifications can also be made available online through a secure, web-accessible GeoPortal that is designed and operated by CSA, without the need for third-party web publishing.

Keith Van Graafeiland, Director of the CSA GeoSpatial Services business line, offers, “CSA has previously completed ESI Shore Type mapping in the eastern Mediterranean as part of an Environmental Baseline Survey and Environmental Impact Assessment conducted for oil and gas interests. CSA GeoSpatial Services has plans to expand the analysis to benefit other countries in the region, and potentially in other parts of the world.”

This application is part of CSA’s Marine Environmental Services for Spill Response, in which CSA assists energy sector clients in preparing for and responding to oil and gas releases and associated damage assessments.

For more information on CSA’s capabilities and marine environmental services for spill response, please visit our website at www.csaocean.com or call 772-219-3000.

CSA Ocean Sciences Inc. specializes in consulting services for Federal, State, and private industry clients in multidisciplinary projects, integrating science and technology to evaluate environmental activities throughout the world. CSA offers a wide variety of services related to environmental management and community planning to support clients working in marine, estuarine, wetland, freshwater, and terrestrial habitats throughout the United States and overseas.

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Superior Energy Services has been named one of Houston's 2013 Top Workplaces by the Houston Chronicle for the second year in a row, announced David Dunlap, Superior Energy Services' President and CEO.

The list honors 150 workplaces in the Houston area ranging from small companies with less than 150 employees to large companies employing more than 500 people. This is the second year for Superior Energy Services to receive recognition within in the "Top Large Companies" category.
The results are based on an employee survey conducted by Workplace Dynamics LLC. Qualifying companies are measured by employee responses regarding company leadership, advancement opportunities, compensation and employee benefits.

Superior's employee benefits package – which includes maternity and paternity leave; medical, dental and vision healthcare options; flexible hours; employee orientations; employee recognition programs; and safety initiatives set Superior apart as a workplace that recognizes the importance of creating a welcoming, responsive and safe employment environment.

"We are honored to be recognized as a top workplace in the Houston area for the second consecutive year," said Dunlap. "Superior's acknowledgement among the other prestigious companies recognized on the list is a testament to our workplace environment but, more importantly, to our dedicated employees who make Superior a great place to work."

Hoover Container Solutions (Hoover), a subsidiary of Hoover Group, Inc., has announced the grand opening of its new distribution and service center in Scott, La. The opening of this facility will provide an increased ease of operation for Hoover products and services to the Gulf of Mexico and the southeastern United States.

The new distribution and service center sits on nine acres and is comprised of 25,000 square feet of warehouse and 3,000 square feet of office. Overseen by Robbie Monlezun, Hoover's regional operations manager, the new facility currently employs 11 individuals and is expected to more than double within the next six months.

The site hosts the most robust, state-of-the-art tank cleaning equipment in the Gulf Coast and will handle operations such as tank wash, recertification, reconditioning and transportation of intermediate bulk containers (IBCs) including the capability to perform NAS 6 & 8 cleaning of chemical tanks. In addition to the variety of services offered at this location, Hoover's new Louisiana facility will sell and rent stainless and poly IBCs, offshore chemical tanks, ISO tank containers, offshore baskets, cutting boxes and related products.

"Our new location allows us to more than double the capacity of our previous tank cleaning capabilities and significantly increase the available inventory of our products," said Paul Lewis, Hoover's president and chief operating officer. "We value our customer base in Louisiana, and Hoover's expansion is a reflection of our desire to provide a convenient location to better meet their needs."

As a result of the agreement, MOLTECH is granted rights and responsibilities as VIKING's sole agent and distributor in Japan for the sales of VIKING's marine life-saving and fire-fighting products to Japanese shipyards and owners.

Marine and fire safety equipment leader VIKING Life-Saving Equipment (VIKING) and MOL Techno-Trade Ltd. (MOLTECH) have entered a strategic alliance and sole agency agreement, establishing MOLTECH as the exclusive agent for VIKING in Japan.

MOLTECH will be offering the full range of VIKING's safety solutions including the industry leading Shipowner Agreements (SOA) - agreements that combine global product availability and servicing with financing in fixed price structures and the convenience of VIKING's management of the service schedules. The Shipowner Agreements are planned and monitored from a single point of contact and were an industry game-changer, when first introduced back in 2009.

VIKING has already enjoyed many years of representation on the Japanese market and the role of existing distributors remains unchanged, however, under the control of MOLTECH.

"The agreement is a tremendous milestone for VIKING and will ensure that our products and solutions are widely available to shipowners and shipyards in Japan", says Henrik Uhd Christensen, CEO of VIKING Life-Saving Equipment, and continues:

"MOLTECH has demonstrated a capability to drive bottom line results by bridging interests and finding solutions that satisfy both Japanese and non-Japanese interests and different cultural dimensions. Further, being part of the MOL family of companies MOLTECH has the inherent capability to execute the business level which VIKING targets in the Japanese market. This provides us with the foundation of a dynamic and enduring relationship."

CSA Ocean Sciences is happy to welcome Dr. Michele Halvorsen to the science staff as the Ocean Sound and Marine Mammals Business Line Manager. Michele's areas of expertise include marine life and biotechnology; environmental acoustic ecology; and effects of intense anthropogenic sounds such as sonar, pile driving, seismic, noise, behavior, fish fitness/physiology, bioacoustics, and acoustic monitoring systems.

Michele earned her undergraduate degree in Zoology from Southern Illinois University and her Ph.D. in Biological Sciences from the University of Illinois at Chicago, where she received training in neurophysiology of the auditory system of mammals and fish and in neuroethology.

Along with colleagues Drs. Woodley and Carlson, Michele helped develop a Fish Index of Trauma (FIT) model that maps the exposure sound metrics with the fish's biological responses. Recently relocated from Washington state where she was a program manager at the Pacific Northwest National Laboratory in Sequim, Michele is getting settled in Palm City, FL.

Bath-based BMT Defence Services Ltd (BMT), a subsidiary of BMT Group Ltd, has announced the opening of a second office in Bath. Plymouth House on Monmouth Street will house the Norwegian LSV (Logistics and Support Vessel) project team – a prestigious design contract BMT recently won in partnership with South Korea's Daewoo Shipbuilding and Marine Engineering (DSME).

Muir Macdonald, Managing Director at BMT Defence Services comments: "We were fortunate to find suitable design studio space close to our Lower Bristol Road headquarters for this exciting project. Our growth in international projects has brought a further 40 people into the company over the last 12 months and I am delighted that we continue to attract the highest quality people to the industry."

As well as continuing to pursue contracts in both the UK and abroad, BMT has invested much time and effort to become an integrated member of the local community. With strong links into schools and universities, BMT is dedicated to supporting the development of key skills such as science, technology, engineering and maths.

Flexible pipe specialist FlexTech has surpassed its first year turnover target of £500,000 just six months after start-up and anticipates reaching £1million by the end of the year.
Flexible pipe expert Craig Keyworth(photo) established the Aberdeen-based company in March of this year, after operating as a flexible pipe consultant for a number of years prior.

Mr Keyworth, who is also FlexTech's Engineering Director, said: "I'm very pleased with the company's initial progress. We are building a great track record of developing bespoke solutions to individual challenges, project managing complex design scopes, delivering on schedule and on budget."

FlexTech's core business is the successful delivery of flexible pipe and riser engineering projects, offloading systems and integrity management and inspection. It also has a range of innovative products designed to facilitate ease of installation, ensure operational integrity and prolong the life of the flexible in field.

The company moved to new premises in September 2013, representing a six-figure investment in a new office as well as specialist software and infrastructure. The company also has a half-acre research and development facility in Lincolnshire, with a further one acre to allow for future planned expansion.

Within its initial six months, FlexTech has completed work and supplied equipment globally for a range of companies from UK and international operators as well as installation contractors, with a number of high profile jobs scheduled for 2014.

Mr Keyworth continued: "The business has been a long-term plan and we have a wealth of internal practical experience and a team driven for success, both for the clients and for ourselves as an organisation. The ultimate aim is for a reputation as a company capable of delivering on all flexible pipe requirements. We are a highly skilled, dynamic company and pride ourselves on our solutions-based approach and ability to adapt quickly and professionally to our clients' needs whatever or wherever they may be."

FlexTech currently has a team of six subsea and marine specialists and aims to add a further eight employees within the next 12 months. It has recently recruited two new directors, who, along with Mr Keyworth, boast more than 50 years' experience in the oil and gas industry among them.

Mr Keyworth said: "The business isn't just about making money, it's about the team and how they work together and with our clients. We have recruited a team with an extensive knowledge and background in flexible pipes that is willing to go the extra mile to provide excellent service and results to our clients.

"Our experience in the industry and our innovative and practical approach which saves our clients time, effort and money, has been in high demand, and we are looking forward to a busy 2014 and beyond."

DOF Subsea, a leading provider of subsea services to the oil and gas industry, has appointed Colin Ferguson (photo) as country manager for Angola.

Colin, who started his career as a commercial diver, has more than 20 years' experience working on large scale engineering projects in the upstream oil and gas industry. He joins DOF Subsea from Superior Energy Services/Hallin Marine Services, where he was country manager for Angola.

Colin brings a wealth of experience to DOF Subsea, having worked in many countries in West Africa as well as in South Africa, the Persian Gulf, India and Thailand. His previous positions have been with oil and gas companies including Mermaid Offshore Services, Global Industries Limited and Stolt Comex Seaway.

Talking about his appointment, Colin said: "I am extremely excited to join DOF Subsea and support the company as it grows business in West Africa. Having been based in the sub-Saharan region for most of my career, I have a great deal of experience working in the area which I look forward to using in this role as we develop DOF Subsea Angola Lda."

As part of his position as General Manager at DOF Subsea Angola, Colin will focus on enhancing the company's profile and business potential in Angola. Training and development for personnel and monitoring the financial and health and safety performance will also be key aspects of Colin's role.

Colin continued: "DOF Subsea operates to an exceptionally high standard across each of its global projects and I will be working to ensure that this remains the case in Angola, with all personnel working to company policies and procedures whilst receiving appropriate training and development opportunities."

Jan–Kristian Haukeland, Executive Vice President for the Atlantic Region, said: "Colin's appointment is an important move for us as we expand operations in the West African region and we are delighted to welcome him to the company.

"Building upon our existing business relationships in the area will be one of Colin's main focuses, as well as seeking out new prospects. He will also be identifying opportunities for DOF Subsea to raise its profile in West Africa through increased involvement in CSR activities and projects in the community."

• Indonesia Vice Minister of Energy and Mineral Resources Praises Economic Benefit of New Facility
• New High Bay Workshop Allows for the First Production of Vertical Subsea Trees in Asia-Pacific
• Project Underscores GE's Commitment to Development of Local Oil and Gas Talent
• GE Invests in Facility Expansion to Meet Demand for Offshore and Deep Water Oil and Gas Production Equipment

Indonesia Vice Minister of Energy and Mineral Resources H.E. Susilo Siswoutomo officiated the grand opening of GE's (NYSE: GE) newly expanded Batam Island subsea manufacturing facility.

The facility features a new high bay workshop that will enable GE to begin manufacturing its first vertical subsea production trees in the Asia-Pacific region and increase local content in Indonesia. In the future, this facility will have capabilities to produce both vertical and horizontal subsea production trees. The expansion has created nearly 30 new jobs at the facility and is expected to add another 50 to 70 new jobs over the next three years.

GE Oil & Gas has invested more than USD$15 million in Batam since 2011 for plant expansion, technology upgrades and the new high bay workshop. This latest expansion is GE's largest investment to date at the Batam manufacturing site.

GE is a leading supplier of subsea equipment and services to the global oil and gas industry. The company completed its facility expansion as Indonesia's government more rapidly expands development of its offshore energy resources.

"Increasing our country's oil and gas production and transportation infrastructure is a top priority for supporting Indonesia's economic growth," said Vice Minister of Energy and Mineral Resources of the Republic of Indonesia Susilo Siswoutomo. "The expansion of GE's subsea equipment facility will be a significant contribution for expanding our country's manufacturing base, creating employment and developing human resources in the oil and gas industry."

Highlighting GE's focus on local workforce development, employees at the new vertical subsea trees workshop are trained at GE's Singapore and Aberdeen, U.K., center of excellence and also receive additional training to address localized content requirements for Indonesia.

"We expanded our Batam subsea manufacturing facility to meet the growing demand for subsea production equipment as our customers look to develop new oil and gas reserves in more challenging locations in the Asia-Pacific region," said Handry Satriago, CEO of GE Indonesia. "The expansion of our Batam facility underscores GE's commitment to localizing more of our company's business capabilities in Southeast Asia, especially in Indonesia to support the country's local economic and energy goals."

GE has operated in Indonesia since 1940, providing the latest technology and solutions in aviation, transportation, power generation, energy management, oil and gas, health and lighting. GE has 800 employees in its 10 facilities and project locations in Indonesia in addition to its country head office in Jakarta and two factories in Batam and Yogjakarta and a service center in Bandung.

In February 2013, GE Chairman and CEO Jeff Immelt visited Indonesia and announced GE's plan to spend USD$300 million in the next five years to support the country's infrastructure development. This includes the expansion of Batam subsea manufacturing facility as well as the establishment of the GE Learning and Technology Center, a partnership with Perusahaan Listrik Negara (PLN), Garuda Indonesia and Pertamina, to provide a center for leadership and engineering and the localization of GE applied technology. GE has invested more than USD$1 billion in Indonesia to date.

Ensco plc (NYSE: ESV) announces that Chairman, President and CEO Dan Rabun (photo) has decided to retire after nearly eight years of service. Mr. Rabun will continue to serve in his current role as Chairman, President and CEO until the Board of Directors has completed the succession process and a new CEO has been appointed. To assist with the new CEO's transition, Mr. Rabun will remain Chairman through at least the 2014 Annual General Meeting.

Mr. Rabun's planned retirement from the CEO role has been part of the Board's succession planning process for more than a year. A special committee chaired by Paul Rowsey, the Board's Lead Director, is directing the succession process. This committee has been working with Heidrick & Struggles International Inc., a leading executive recruiting firm, and is considering both external and internal candidates.

"Dan has made many contributions to the success of our Company - especially his unwavering passion to further advance safety and operational excellence," said Mr. Rowsey. "Over the past eight years revenue and stockholders' equity have more than quadrupled, dividends have grown from $0.10 to $3.00 per share annually and we are now among the largest and most well-respected offshore drillers."
Mr. Rowsey concluded, "We are grateful that Dan will facilitate a smooth transition as we complete the succession process."

Mr. Rabun commented, "I have truly enjoyed leading Ensco over the past eight years. We have a highly-talented management team and exceptionally dedicated employees who have made our many achievements possible. In particular, I am especially proud that we have taken our safety performance to an even higher level. Our new CEO will benefit, as I have, , from our employees' commitment to go beyond expectations in everything they do."