-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S/zhM6PWNj/9ozzAXE832jz9J3bgaLnlGhhruoea4sxzpMdP4Og13hudOCXFkvZy +qcHAMt0BdtJIAgchGSKDQ== 0000950129-02-006046.txt : 20021209 0000950129-02-006046.hdr.sgml : 20021209 20021209170943 ACCESSION NUMBER: 0000950129-02-006046 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021209 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20021209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOBLE CORP CENTRAL INDEX KEY: 0001169055 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 980366361 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31306 FILM NUMBER: 02852652 BUSINESS ADDRESS: STREET 1: 13135 S DAIRY ASHFORD CITY: SUGAR LAND STATE: TX ZIP: 77478 BUSINESS PHONE: 281 276 6100 8-K 1 h01893e8vk.txt NOBLE CORPORATION - DATE OF REPORT:DECEBMER 9,2002 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): DECEMBER 9, 2002 NOBLE CORPORATION (Exact name of Registrant as specified in its charter) CAYMAN ISLANDS 0-13857 98-0366361 (State or other jurisdiction of (Commission file number) (I.R.S. employer incorporation or organization) identification number)
13135 SOUTH DAIRY ASHFORD, SUITE 800 SUGAR LAND, TEXAS 77478 (Address of principal executive offices) (Zip code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (281) 276-6100 ================================================================================ FORM 8-K ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits Exhibit 99.1 Noble Corporation and Subsidiaries Fleet Status Update as of December 9, 2002. ITEM 9. REGULATION FD DISCLOSURE. The Registrant hereby incorporates by reference into this Item 9 the Noble Corporation and Subsidiaries Fleet Status Update as of December 9, 2002 of the Registrant, which is attached as Exhibit 99.1 and will be published on the Registrant's web site at http://www.noblecorp.com. The report provides certain summary information about the operations of the drilling units of the Registrant. The report is being furnished in accordance with Rule 101 (e) (1) under Regulation FD and shall not be deemed to be filed. The Noble Corporation and Subsidiaries Fleet Status Update as of December 9, 2002 contains forward-looking statements about the Registrant's business, financial condition and prospects. The Registrant's actual results could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including, without limitation, changes in United States tax laws, or the enactment of new United States tax laws, that may result in the Registrant being subject to taxation in the United States on its worldwide earnings, other material changes in the tax laws of the United States or other countries in which the Registrant operates which could increase its effective tax rate, volatility in crude oil and natural gas prices, the discovery of significant additional oil and/or gas reserves or the construction of significant oil and/or gas delivery or storage systems that impact regional or worldwide energy markets, potential deterioration in the demand for the drilling services of the Registrant and resulting declining dayrates, changes in customers' drilling programs or budgets due to factors discussed herein or due to their own internal corporate events, the cancellation by customers of drilling contracts or letter agreements or letters of intent for drilling contracts or their exercise of early termination provisions generally found in the Registrant's drilling contracts, intense competition in the drilling industry, changes in oil and gas drilling technology or in competitors' drilling rig fleets that could make the Registrant's drilling rigs less competitive or require major capital investment to keep them competitive, political and economic conditions in the United States and in international markets where the Registrant operates, acts of war or terrorism and the aftermath of the September 11, 2001 terrorist attacks on the United States, cost overruns or delays on shipyard repair, maintenance, conversion or upgrade projects, adverse weather (such as hurricanes) and seas, operational risks (such as blowouts and fires), limitations on the Registrant's insurance coverage, and requirements and potential liability imposed by governmental regulation of the drilling industry (including environmental regulation). All of the foregoing risks and uncertainties are beyond the Registrant's ability to control, and in many cases, the Registrant cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in the report, the words "believes", "anticipates", "expects", "plans" and similar expressions as they relate to the Registrant or its management are intended to identify forward-looking statements. 2 FORM 8-K SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NOBLE CORPORATION Date: December 9, 2002 By: /s/ ROBERT D. CAMPBELL ----------------------------------- Robert D. Campbell, President 3 FORM 8-K INDEX TO EXHIBITS Exhibit No. Description - ----------- ----------- Exhibit 99.1 Noble Corporation and Subsidiaries Fleet Status Update as of December 9, 2002. 4 EX-99.1 3 h01893exv99w1.txt NOBLE CORP. & SUBSIDIARIES FLEET STATUS UPDATE EXHIBIT 99.1 NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS UPDATE DECEMBER 9, 2002
YEAR BUILT/ WATER RIG RIG DESIGN REBUILT DEPTH LOCATION OPERATOR - --- ---------- ------- ----- -------- -------- U.S. GULF OF MEXICO (17) - ------------------------ JACKUPS (6) - ----------- Noble Eddie Paul MLT Class 84-E.R.C.(T) 1976/1995 390'-IC High Island 538 Energy Partners Noble Leonard Jones MLT Class 53-E.R.C.(T) 1972/1998 390'-IC Eugene Island 273 Nexen Noble Bill Jennings MLT Class 84-E.R.C.(T) 1975/1997 390'-IC Main Pass 199 BP Noble Tom Jobe MLT Class 82-SD-C(T)(Z) 1982 250'-IC West Cameron 312 Forest Oil Noble Earl Frederickson MLT Class 82-SD-C(T)(Z) 1979/1999 250'-IC High Island 207 EOG Noble Carl Norberg MLT Class 82-C(T) 1976/1996 250'-IC East Cameron 82 El Paso SEMISUBMERSIBLES (8) - -------------------- Noble Paul Romano Noble EVA 4000TM(T) 1981/1998 6,000' Mississippi Canyon 809 Shell Noble Jim Thompson Noble EVA 4000TM(T) 1984/1999 6,000' Garden Banks 472 Shell Noble Amos Runner Noble EVA 4000TM(T) 1982/1999 6,600' Garden Banks 877 Kerr-McGee Noble Max Smith Noble EVA 4000TM(T) 1980/1999 6,000' South Timbalier 308 Anadarko Noble Homer Ferrington F&G 9500 Enhanced Pacesetter(T) 1985/2000 6,000' East Breaks 712 Pioneer Noble Clyde Boudreaux F&G 9500 Enhanced Pacesetter 1987/1999 10,000' MS - F&G shipyard Shipyard Noble Lorris Bouzigard IPF Pentagone(T) 1975/2002 4,000' * MS - F&G shipyard Shipyard Noble Therald Martin IPF Pentagone(T) 1977/2003 4,000' * MS - F&G shipyard Shipyard SUBMERSIBLES (3) - ---------------- Noble Fri Rodli Transworld 1979/1998 70'-C West Cameron 29 Stacked Noble Joe Alford Pace 85 1982/1997 85'-C West Cameron 45 Stone Noble Lester Pettus Pace 85 1982/1997 85'-C Eugene Island 27 Energy Partners INTERNATIONAL (36) - ------------------ MEXICO JACKUPS (5) - ------------------ Noble Lewis Dugger Levingston Class 111-C(T) 1977/1997 300'-IC Bay of Campeche Pemex Noble Gene Rosser Levingston Class 111-C(T) 1977/1996 300'-IC Bay of Campeche Pemex Noble Sam Noble Levingston Class 111-C(T) 1982 300'-IC Bay of Campeche Pemex Noble Johnnie Hoffman BakMar BMC 300 IC (T)(Z) 1976/1993 300'-IC Bay of Campeche Pemex Noble John Sandifer Levingston Class 111-C(T) 1975/1995 300'-IC Bay of Campeche Pemex ANTICIPATED CONTRACT DAYRATE RIG EXPIRATION ($000) COMMENTS - --- ---------- ------- -------- U.S. GULF OF MEXICO (17) - ------------------------ JACKUPS (6) - ----------- Noble Eddie Paul 1/2003 29-31 Rig stacked from 11/14/2002 through 11/23/2002. Two-wells, plus option well at mutually agreed terms and conditions. Noble Leonard Jones 1/2003 Rate of $36-38 effective 10/28/2002 to 12/08/2002. Next to Nexen for one well @ $29-31 on +/- 12/11/2002. Noble Bill Jennings 12/2002 34-36 Rate effective 10/15/2002. Option well at mutually agreed terms and conditions. Noble Tom Jobe 1/2003 22-24 Rate effective 10/21/02 through +/-12/15/2002. Next well with Forest Oil @ $24-25 for +/- 25 days. Noble Earl Frederickson 12/2002 22-24 Rate effective 10/17/2002. Option well at mutually agreed terms and conditions. Noble Carl Norberg 12/2002 22-24 Rate effective 10/24/2002. Option well at mutually agreed terms and conditions. SEMISUBMERSIBLES (8) - -------------------- Noble Paul Romano 12/2002 94-96 One-year option from 12/2002 at mutually agreed terms and conditions. Noble Jim Thompson 7/2004 154-156 Noble Amos Runner 8/2004 84-86 Rate effective 12/01/2002 for +/- 45 days. This well does not reduce Kerr-McGee's contractual obligation under its existing long-term contract for the unit. After this well, rig goes back to contract rate of $146-148. Noble Max Smith 1/2005 79-81 Rate effective through +/- 12/12/2002. Next well @ $89-91 for +/- 45 days. Anadarko will receive a 1/2 day credit against its obligation for each of the days on these two wells. The rig is contracted to Amerada Hess and Anadarko for 456.25 days each over a five-year period from 1/2000. Both parties have the right but not the obligation to use the rig in 2002. Amerada Hess has +/- 216 days remaining and Anadarko has +/- 198 days remaining (prior to these wells) of their original commitment. In 2003 both parties are obligated to utilize the rig for 95 days each @ $154-156. Noble Homer Ferrington 3/2005 99-101 Rate effective 9/1/2002 for +/- 140 days @ $99-101. The contract with Pioneer will reduce Mariner Energy's outstanding contract commitment day for day. Rig is contracted to Mariner Energy and Samedan for 660 days each over a five-year period from 3/2000. Mariner has +/- 210 days remaining (prior to the Pioneer program) and Samedan has +/- 380 days remaining of their original commitment. Noble Clyde Boudreaux Engineering complete. Structural steel work being carried out on hull. Procuring certain long lead time capital equipment. Noble Lorris Bouzigard Rig undergoing upgrade/refurbishment to living quarters and drilling equipment. Anticipate rig to be available for service in late January or February 2003. Noble Therald Martin Rig undergoing upgrade/refurbishment to living quarters and drilling equipment. Anticipate rig to be available for service in April 2003. SUBMERSIBLES (3) - ---------------- Noble Fri Rodli Stacked cold. Noble Joe Alford 12/2002 17-19 Rate effective 10/15/2002. Noble Lester Pettus 12/2002 17-19 Rate effective 11/11/2002. INTERNATIONAL (36) - ------------------ MEXICO JACKUPS (5) - ------------------ Noble Lewis Dugger 7/2004 56-58 Noble Gene Rosser 4/2005 48-50 Noble Sam Noble 10/2005 49-51 Commenced 1,082-day contract on 10/26/2002. Noble Johnnie Hoffman 7/2005 49-51 Commenced 981-day contract on 11/02/2002. Noble John Sandifer 7/2005 49-51 Commenced 960-day contract on 11/23/2002.
Page 1 NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS UPDATE DECEMBER 9, 2002
YEAR BUILT/ WATER RIG RIG DESIGN REBUILT DEPTH LOCATION OPERATOR - --- ---------- ------- ----- -------- -------- BRAZIL JACKUP (1) - ----------------- Noble Dick Favor BakMar BMC 150 IC(T) 1982/1993 150'-IC Brazil Petrobras BRAZIL SEMISUBMERSIBLE (1) - -------------------------- Noble Paul Wolff Noble EVA 4000TM(T) 1981/1998 8,900'-DP Brazil Petrobras BRAZIL DRILLSHIPS (3) - --------------------- Noble Leo Segerius Gusto Engineering Pelican(T) 1981/1996 5,000'-DP Brazil Petrobras Noble Roger Eason Neddrill(T) 1977/1997 6,000'-DP Brazil Petrobras Noble Muravlenko Gusto Engineering Ice Class(T) 1982/1997 4,000'-DP Brazil Petrobras NORTH SEA JACKUPS (8) - --------------------- Noble Al White CFEM T-2005 C(T) 1982/1997 360'-IC Netherlands TotalFinaElf Noble Byron Welliver CFEM T-2005 C(T) 1982 300'-IC Denmark Maersk Noble Kolskaya Gusto Engineering (T) 1985/1997 330'-IC Netherlands Wintershall Noble George Sauvageau NAM(T) 1981 300'-IC Netherlands NAM Noble Ronald Hoope MSC/CJ46(T) 1982 250'-IC Netherlands TotalFinaElf Noble Piet van Ede MSC/CJ46(T) 1982 250'-IC Netherlands Gaz de Franz Noble Lynda Bossler MSC/CJ46(T)(Z) 1982 250'-IC United Kingdom ConocoPhillips Noble Julie Robertson Baker Marine Europe Class(T) 1981/2000 390'-IC** United Kingdom BG NORTH SEA - --------- SEMISUBMERSIBLE (1) - ------------------- Noble Ton van Langeveld Offshore SCP III Mark 2(T) 1979/2000 1,500' United Kingdom Stacked WEST AFRICA JACKUPS (6) - ----------------------- Noble Tommy Craighead F&G L-780 MOD II-IC(T) 1982/1990 300'-IC Nigeria Addax Noble Percy Johns F&G L-780 MOD II-IC(T) 1981/1995 300'-IC Nigeria ExxonMobil Noble Roy Butler F&G L-780 MOD II-IC(T) 1982/1996 300'-IC Nigeria ChevronTexaco Noble Ed Noble MLT Class 82-SD-C(T) 1984/1990 250'-IC Nigeria ExxonMobil Noble Lloyd Noble MLT Class 82-SD-C(T) 1983/1990 250'-IC Nigeria ChevronTexaco Noble Don Walker BakMar BMC 150 IC(T) 1982/1992 150'-IC Nigeria Shell ANTICIPATED CONTRACT DAYRATE RIG EXPIRATION ($000) COMMENTS - --- ---------- ------- -------- BRAZIL JACKUP (1) - ----------------- Noble Dick Favor 3/2003 35-36 BRAZIL SEMISUBMERSIBLE (1) - -------------------------- Noble Paul Wolff 5/2005 138-140 BRAZIL DRILLSHIPS (3) - --------------------- Noble Leo Segerius 3/2005 Rig in shipyard for installation of new crane after damage to existing crane boom. Anticipate to be on dayrate +/- 1/15/2003. Loss of hire insurance applicable (after satisfaction of 21 day deductible) until rig returns on contract. Loss of hire insurance is 70% of the operating rate of $110,000/day. Rig is equipped with aluminum alloy riser. Noble Roger Eason 12/2003 74-76 Rig off contract for BOP repair from 11/23/2002 until 11/30/2002. Rig operating without a BOP @ 80% of dayrate until the BOP is repaired and returned to service. Noble Muravlenko 3/2003 58-60 NORTH SEA JACKUPS (8) - --------------------- Noble Al White 3/2003 81-82 On new rate of $63-64 on +/- 12/16/2002, plus one well option. Noble Byron Welliver 8/2003 63-65 Noble Kolskaya 3/2003 62-64 Rate effective from 7/05/2002 through +/- 12/15/2002, then one well +/- 90 days @ $67-69. Noble George Sauvageau 4/2003 68-70 Rate effective from 10/10/2002 through +/- 4/10/2003 @ $68-70. Noble Ronald Hoope 2/2003 57-59 Rate effective 8/27/2002. Noble Piet van Ede 3/2003 80-81 Contract extended effective 1/01/2003 for 90 days @ $67-69. Noble Lynda Bossler 2/2003 56-58 Rate effective 11/04/2002. Two wells +/- 90 days @ $56-58. Next to BP-Netherlands, two wells for +/- 180 days @ $67-69, plus two option wells for +/-130 days @ $71-72. Noble Julie Robertson 3/2003 87-88 NORTH SEA - --------- SEMISUBMERSIBLE (1) - ------------------- Noble Ton van Langeveld On rate of $37-39 from 10/12/2002 through 12/10/2002. Rig bid to Kerr-McGee on a four-well program for a mid-January start. WEST AFRICA JACKUPS (6) - ----------------------- Noble Tommy Craighead 4/2003 57-59 Noble Percy Johns 4/2003 57-59 Rig down 19 days in November for leg repair. Noble Roy Butler 4/2003 51-53 Noble Ed Noble 1/2003 51-53 ExxonMobil exercised its early termination right; contract terminates on 1/10/2003 or completion of well then in progress, whichever is earlier. Noble Lloyd Noble 2/2003 57-59 ChevronTexaco exercised its early termination right; contract terminates on 2/04/2003 or completion of well then in progress, whichever is earlier. Noble Don Walker 12/2002 59-60 Negotiating with Shell for contract extension.
Page 2 NOBLE CORPORATION AND SUBSIDIARIES FLEET STATUS UPDATE DECEMBER 9, 2002
YEAR BUILT/ WATER RIG RIG DESIGN REBUILT DEPTH LOCATION OPERATOR - --- ---------- ------- ----- -------- -------- ARABIAN GULF JACKUPS (7) - ------------------------ Noble Kenneth Delaney F&G L-780 MOD II-IC(T) 1983/1998 300'-IC UAE NDC Noble George McLeod F&G L-780 MOD II-IC(T) 1981/1995 300'-IC UAE NDC Noble Gus Androes Levingston Class 111-C(T) 1982/1996 300'-IC Qatar Maersk Noble Chuck Syring MLT Class 82-C(T) 1976/1996 250'-IC Qatar Maersk Noble Crosco Panon Levingston Class 111-C(T) 1976/2001 300'-IC Qatar Elf Petroleum Qatar Noble Charles Copeland MLT Class 82-SD-C(T) 1979/2001 250'-IC Qatar ChevronTexaco Noble Jimmy Puckett F&G L-780 MOD II-IC(T) 1982/2002 300'-IC Qatar Bunduq INDIA JACKUP (1) - ---------------- Noble Ed Holt Levingston Class 111-C(T) 1981/1994 300'-IC India ONGC FAR EAST - -------- SEMISUBMERSIBLES (3) - -------------------- Noble Dave Beard F&G 9500 Enhanced Pacesetter 1986 10,000' Dalian, China Shipyard Bingo 9000 - 3 Trosvik Bingo 9000 1999 10,000'*** Dalian, China Shipyard Bingo 9000 - 4 Trosvik Bingo 9000 1999 10,000'*** Dalian, China Shipyard - ----------------------------------------------------------------------------------------------------------------------------------- ANTICIPATED CONTRACT DAYRATE RIG EXPIRATION ($000) COMMENTS - --- ---------- ------- -------- ARABIAN GULF JACKUPS (7) - ------------------------ Noble Kenneth Delaney 5/2003 53-54 Rig in shipyard from 10/01/2002 through 11/02/2002 for hull repair and spud can inspection. Noble George McLeod 6/2003 53-54 Noble Gus Androes 6/2003 53-55 Contract extended for six months from 1/01/2003 @ $50-51. Noble Chuck Syring 6/2003 50-52 Noble Crosco Panon 1/2003 39-41 Rig will be in shipyard for +/- 35 to 45 days in 1Q 2003, then commence an 11-well program for TFE @ $44-45. Noble Charles Copeland 7/2003 52-54 Contract commenced 9/8/2002. One well for ChevronTexaco and 2 wells for Petronas. Noble Jimmy Puckett 4/2003 50-52 Contract commenced on 10/15/2002 for six months. INDIA JACKUP (1) - ---------------- Noble Ed Holt 12/2002 33-35 Rig will go to shipyard on +/- 12/20/2002 for 90-120 days for hull and spud can repairs. Bid to ONGC for a two-year contract to commence +/- 3/15/2003-4/15/2003. FAR EAST - -------- SEMISUBMERSIBLES (3) - -------------------- Noble Dave Beard Completing engineering. Bingo 9000 - 3 Baredeck hull. Rig 3 and Rig 4 purchased 3/27/2002 for $45.0 million. In third quarter 2002, obtained cancellation of sellers' options to repurchase. Bingo 9000 - 4 See Bingo 9000-3 - -----------------------------------------------------------------------------------------------------------------------------
(T) Denotes Top Drive. (Z) Denotes Zero Discharge. (*) Rig to be upgraded to 4,000' utilizing aluminum alloy riser. Estimated timing of aluminum riser deployment: Noble Therald Martin - 1Q 2003; Noble Lorris Bouzigard - +/- 3Q 2003. (**) Leg extensions being fabricated to enable the rig to operate in up to 390' of water in a non-harsh environment. (***) Baredeck hull constructed as capable to operate in 10,000' of water. Page 3 -----END PRIVACY-ENHANCED MESSAGE-----