EX-99.2 3 h66211exv99w2.htm EX-99.2 exv99w2
Exhibit 99.2
(IMAGE)
GULF OF MEXICO BARGE RIG FLEET Rated1Q’082Q’083Q’084Q’081Q’09 (trailing 13 weeks) RIG #DepthJAN FEBMARAPRMAYJUN JULAUGSEP OCTNOVDECJANFEB MAR RIG # DEEP DRILLING BARGE RIGS 12B18,000’12B 15B15,000’15B 50B20,000’50B 51B20,000’51B 54B25,000’54B 55B25,000’55B 56B25,000’56B 72B30,000’72B 76B30,000’76B 77B30,000’77B RIG UTILIZATION94%98%82%67%36% (est.) AVERAGE DAYRATE$44,800$43,300$44,300$44,600$37,200 (est.) INTERMEDIATE DRILLING BARGE RIGS 8B14,000’8B 20B13,000’20B 21B14,000’21B RIG UTILIZATION50%95%100%50%3% (est.) AVERAGE DAYRATE$35,000$30,300$32,800$30,300$25,400 (est.) SHALLOW DRILLING / WORKOVER BARGE RIGS 6Bn.a.6B 16B12,000’16B 23Bn.a.Sold23B TOTAL GULF OF MEXICO BARGE RIG FLEET RIG UTILIZATION76%91%79%61%31% (est.) AVG. RIGS AVAILABLE15.715.015.015.015.0 (est.) = Working = Not Working = Repair, Refurb & Upgrade = Actual | Estimate · Average utilization and average dayrates shown here represent averages for the Company’s drilling rigs that were operating under a drilling contract. · Actual utilization is based on days available and revenue-producing days for each period. Estimated utilization is based on weekly activity for the prior 13 weeks. · The Company cautions that numerous factors in addition to average utilization and average dayrates can impact the Company’s operating results and that a particular trend in average utilization and average dayrates may or may not indicate a trend in or be indicative of the Company’s financial performance. March, 2009