November 14, 2012 at 13:40 PM EST
Ensco Falls On Midwater But Rises On Deep Water
Offshore driller Ensco (ESV) bought its way into Brazil's offshore waters last year when it acquired Pride International for $7 billion. Houston-based Pride gave London-based Ensco 10 rigs off Brazil and others off West Africa, which is another major offshore oil basin. After the merger, Ensco became the second-largest offshore driller in the
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