-----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, VeN04Oe6hlpUeVAQy3cgIOMJdG7ooakg+UoGAq5jM0xDICqV8rDGO4q/bRdwBKh4 4tPZfvAt8IJltJMlny9dBw== 0000950129-01-000442.txt : 20010205 0000950129-01-000442.hdr.sgml : 20010205 ACCESSION NUMBER: 0000950129-01-000442 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010201 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOBLE DRILLING CORP CENTRAL INDEX KEY: 0000777201 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 730374541 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11669 FILM NUMBER: 1521254 BUSINESS ADDRESS: STREET 1: 13135 SOUTH DAIRY ASHFORD STREET 2: SUITE 800 CITY: SUGAR LAND STATE: TX ZIP: 77478 BUSINESS PHONE: 7139743131 MAIL ADDRESS: STREET 1: 13135 SOUTH DAIRY ASHFORD STREET 2: SUITE 800 CITY: SUGAR LAND STATE: TX ZIP: 77478 8-K 1 h83695e8-k.txt NOBLE DRILLING CORPORATION - DATED 02/01/2001 1 ================================================================================ 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): FEBRUARY 1, 2001 NOBLE DRILLING CORPORATION (Exact name of Registrant as specified in its charter) DELAWARE 0-13857 73-0374541 (State of incorporation) (Commission file number) (I.R.S. employer 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 ================================================================================ 2 FORM 8-K ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits Exhibit 99.1 Noble Drilling Corporation Press Release dated February 1, 2001, announcing financial results for the quarter ended and year ended December 31, 2000. ITEM 9. REGULATION FD DISCLOSURE. The Registrant hereby incorporates by reference into this Item 9 the information set forth in its press release, dated February 1, 2001, a copy of which is furnished herewith as Exhibit 99.1 and shall not be deemed to be filed. 2 3 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 DRILLING CORPORATION Date: February 1, 2001 By: /s/ MARK A. JACKSON --------------------------------------------- MARK A. JACKSON, Senior Vice President & Chief Financial Officer (Principal Financial and Accounting Officer) 3 4 FORM 8-K INDEX TO EXHIBITS
Exhibit No. Description - ------------ ----------- Exhibit 99.1 Noble Drilling Corporation Press Release dated February 1, 2001, announcing financial results for the quarter ended and year ended December 31, 2000.
4 EX-99.1 2 h83695ex99-1.txt PRESS RELEASE - DATED 02/01/2001 1 EXHIBIT 99.1 [NOBLE DRILLING CORPORATION NEWS RELEASE] NOBLE DRILLING REPORTS FOURTH QUARTER AND FULL YEAR 2000 RESULTS SUGAR LAND, Texas, February 1, 2001 -- Noble Drilling Corporation's reported net income increased 143 percent for the fourth quarter of 2000 to $51.9 million, or $0.38 per diluted share, on operating revenues of $241.2 million, compared to net income, excluding the effects of non-recurring items, of $21.4 million, or $0.16 per diluted share, on operating revenues of $173.5 million for the fourth quarter of 1999. The quarterly results for 1999 included a restructuring charge of $7.5 million ($4.9 net of tax) related to early retirement packages offered to a number of employees and the relocation of the Company's Gulf Coast Marine division office in Lafayette, Louisiana to the centralized office in Sugar Land. Net income for the year ended December 31, 2000 increased 65 percent to $165.6 million, or $1.22 per diluted share, on operating revenues of $882.6 million, compared to net income, excluding the effects of extraordinary and non-recurring items, of $100.2 million, or $0.76 per diluted share, on operating revenues of $705.9 million for the year ended December 31, 1999. Results for the year ended December 31, 1999 included an extraordinary charge of $10.8 million, net of taxes of $5.9 million, related to the Company's purchase and retirement of $125 million principal amount of its 9 1/8% Senior Notes due 2006 and the restructuring charge taken in the fourth quarter of 1999. James C. Day, Chairman and Chief Executive Officer, said, "Our excellent results for the year are a function of aggressively positioning the Company to respond to the strengthening market through prudent acquisitions and our proprietary upgrade programs." The Company repurchased 914,000 shares of its common stock at a total cost of $30,986,000 during the fourth quarter of 2000. At December 31, 2000, the Company's consolidated balance sheet 2 reflected $1.577 billion in shareholders' equity, $177.1 million in cash and cash equivalents, and $699.6 million in total debt. Offshore contract drilling services revenues from deepwater drilling units (capable of drilling in 3,000 feet and greater) accounted for approximately 46 percent and 45 percent of the Company's total offshore contract drilling services revenues for the fourth quarter of 2000 and 1999, respectively. Five of the Company's six deepwater semisubmersibles activated since December 1998 are operating under long term contracts in the Gulf of Mexico and one is operating offshore Brazil. Offshore contract drilling services revenues from international sources accounted for approximately 48 percent and 62 percent of the Company's total offshore contract drilling services revenues for the fourth quarter of 2000 and 1999, respectively, as utilization and dayrates in the Gulf of Mexico increased significantly during 2000. Utilization on the Company's domestic jackup and submersible rigs increased to 100 percent in the fourth quarter of 2000, up from 71 percent in the fourth quarter of 1999. The average dayrate on these rigs increased to $41,300 in the fourth quarter of 2000, up from $22,200 in the same quarter of the prior year. Day said, "Barring a significant downturn in the worldwide economy, prospects for the sector are very encouraging. As announced previously, we are finalizing our engineering on two of our idle semisubmersibles, the Noble Dave Beard and Noble Clyde Boudreaux, for deepwater applications up to a water depth of 10,000 feet. Obviously these conversions will not occur without a commitment from a client. The conversions would take approximately 20 months and would be much more cost effective than new builds." Noble Drilling Corporation is a leading provider of diversified services for the oil and gas industry. Contract drilling services are performed with the Company's fleet of 49 offshore drilling units located in key markets worldwide. The Company's fleet of floating deepwater units consists of nine semisubmersibles and three dynamically positioned drillships, seven of which are designed to operate in water depths greater than 5,000 feet. The Company's premium fleet of 34 independent leg, cantilever 3 jackup rigs includes 21 units that operate in water depths of 300 feet and greater, four of which operate in 360 feet and greater, and 11 units that operate in water depths of 250 feet. In addition, the Company's fleet includes three submersible units. Eleven of the Company's units are capable of operating in harsh environments. Over 60 percent of the fleet is currently deployed in international markets, principally including the North Sea, Africa, Brazil, the Middle East and Mexico. The Company also provides labor contract drilling services, well site and project management services, and engineering services. The Company's common stock is traded on the New York Stock Exchange under the symbol "NE". This news release may contain "forward-looking statements" about the business, financial performance and prospects of the Company. Statements about the Company's or management's plans, intentions, expectations, beliefs, estimates, predictions, or similar expressions for the future are forward-looking statements. No assurance can be given that the outcomes of these forward-looking statements will be realized, and actual results could differ materially from those expressed as a result of various factors. A discussion of these factors, including risks and uncertainties, is set forth from time to time in the Company's filings with the U.S. Securities and Exchange Commission. Additional information on Noble Drilling Corporation is available via the world wide web at http://www.noblecorp.com. ### 4 NOBLE DRILLING CORPORATION AND SUBSIDIARIES SUMMARY OF RESULTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited)
Quarter Ended December 31, -------------------------- 2000 1999 ---------- ---------- Operating Revenues $ 241,179 $ 173,487 Operating Costs and Expenses (160,074) (145,644) ---------- ---------- Operating Income 81,105 27,843 Other Income (Expense), Net (11,028) (9,824) ---------- ---------- Income Before Income Taxes 70,077 18,019 Income Tax Provision (18,220) (1,511) ---------- ---------- Net Income (1) $ 51,857 $ 16,508 ========== ========== Earnings Per Share: Basic (1) $ 0.39 $ 0.13 Diluted (1) $ 0.38 $ 0.12 Weighted Average Common Shares Outstanding: Basic 133,925 131,798 Diluted 135,655 133,216
- ---------- (1) The amount for the quarter ended December 31, 1999 included a non-recurring charge of $4.9 million, or $0.04 per basic and diluted share. 5 NOBLE DRILLING CORPORATION AND SUBSIDIARIES SUMMARY OF RESULTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited)
Year Ended December 31, -------------------------- 2000 1999 ---------- ---------- Operating Revenues $ 882,600 $ 705,903 Operating Costs and Expenses (613,976) (555,942) ---------- ---------- Operating Income 268,624 149,961 Other Income (Expense), Net (42,317) (24,475) ---------- ---------- Income Before Income Taxes and Extraordinary Charge 226,307 125,486 Income Tax Provision (60,753) (30,184) ---------- ---------- Income Before Extraordinary Charge 165,554 95,302 Extraordinary Charge, Net of Tax (1) -- (10,833) ---------- ---------- Net Income (2) $ 165,554 $ 84,469 ========== ========== Earnings Per Share: Basic: Income Before Extraordinary Charge $ 1.24 $ 0.72 Extraordinary Charge (1) -- (0.08) ---------- ---------- Net Income (2) $ 1.24 $ 0.64 ========== ========== Diluted: Income Before Extraordinary Charge $ 1.22 $ 0.72 Extraordinary Charge (1) -- (0.08) ---------- ---------- Net Income (2) $ 1.22 $ 0.64 ========== ========== Weighted Average Common Shares Outstanding: Basic 133,439 131,493 Diluted 135,461 132,597
- ---------- (1) The amount for 1999 relates to the Company's purchase and retirement of $125 million principal amount of its 9 1/8% Senior Notes due 2006. (2) The amount for the year ended December 31, 1999 included a non-recurring charge of $4.9 million, or $0.04 per basic and diluted share. NDC-244 2/1/01 For additional information, contact: John T. Rynd, Vice President - Investor Relations, Noble Drilling Services Inc. Noble Drilling Corporation, 281-276-6100 6 [NOBLE LOGO] NOBLE DRILLING CORPORATION QUARTER ENDED DECEMBER 31, 2000 SUPPLEMENTARY FINANCIAL AND OPERATIONAL DATA 7 NOBLE DRILLING CORPORATION QUARTERLY CONSOLIDATED STATEMENTS OF OPERATIONS QUARTER ENDED DECEMBER 31, 2000 AND CERTAIN PRECEDING QUARTERS (In thousands, except per share amounts) (Unaudited)
QUARTER ENDED --------------------------------------------------------------------------- 12/31/00 09/30/00 06/30/00 03/31/00 12/31/99 09/30/99 ---------- ---------- ---------- ---------- ---------- ---------- OPERATING REVENUES: Contract drilling services $ 211,442 $ 190,450 $ 190,416 $ 163,078 $ 147,715 $ 146,597 Labor contract drilling services 6,837 7,052 7,628 7,963 6,986 7,916 Turnkey drilling services 19,302 19,363 30,343 13,039 18,053 21,095 Engineering, consulting and other 3,598 9,013 2,337 739 733 1,217 ---------- ---------- ---------- ---------- ---------- ---------- 241,179 225,878 230,724 184,819 173,487 176,825 ---------- ---------- ---------- ---------- ---------- ---------- OPERATING COSTS AND EXPENSES: (1) Contract drilling services 97,048 90,424 95,930 83,193 82,261 79,950 Labor contract drilling services 5,752 5,549 6,358 5,726 5,993 6,820 Turnkey drilling services 20,814 18,954 23,778 16,006 15,541 19,743 Engineering, consulting and other 1,796 5,949 1,847 282 240 414 Depreciation and amortization 28,308 28,250 27,865 26,364 24,988 24,119 Selling, general and administrative 6,356 5,456 5,594 6,377 9,142 4,579 Restructuring charge (2) -- -- -- -- 7,479 -- ---------- ---------- ---------- ---------- ---------- ---------- 160,074 154,582 161,372 137,948 145,644 135,625 ---------- ---------- ---------- ---------- ---------- ---------- OPERATING INCOME 81,105 71,296 69,352 46,871 27,843 41,200 OTHER INCOME (EXPENSE): Interest expense (13,405) (13,913) (13,761) (15,371) (14,343) (14,502) Interest capitalized -- -- -- 1,872 3,734 4,218 Other, net 2,377 3,175 4,660 2,049 785 3,096 ---------- ---------- ---------- ---------- ---------- ---------- INCOME BEFORE INCOME TAXES 70,077 60,558 60,251 35,421 18,019 34,012 INCOME TAX PROVISION (3) (18,220) (15,745) (16,870) (9,918) (1,511) (8,842) ---------- ---------- ---------- ---------- ---------- ---------- NET INCOME $ 51,857 $ 44,813 $ 43,381 $ 25,503 $ 16,508 $ 25,170 ========== ========== ========== ========== ========== ========== EARNINGS PER SHARE-DILUTED $ 0.38 $ 0.33 $ 0.32 $ 0.19 $ 0.12 $ 0.19 ========== ========== ========== ========== ========== ========== WEIGHTED AVERAGE SHARES OUTSTANDING-DILUTED 135,655 135,919 135,616 134,622 133,216 132,961 ========== ========== ========== ========== ========== ==========
- ---------- Notes to Statements of Operations Follow on Next Page Page 2 8 NOBLE DRILLING CORPORATION QUARTERLY CONSOLIDATED STATEMENTS OF OPERATIONS QUARTER ENDED DECEMBER 31, 2000 AND CERTAIN PRECEDING QUARTERS NOTES: (1) Certain reclassifications have been made to the prior quarter consolidated statements of operations to conform to the classifications used in the quarterly period ended December 31, 2000. These reclassifications have no impact on operating income. (2) For the quarter ended December 31, 1999, the amount relates to a non-recurring restructuring charge for early retirement packages and relocation of the Gulf Coast Marine division office in Lafayette to the centralized office in Sugar Land, which was completed during the second quarter of 2000. (3) For the quarter ended December 31, 1999, the amount includes a non-recurring tax benefit of $2.6 million. Page 3 9 NOBLE DRILLING CORPORATION QUARTERLY CONSOLIDATED BALANCE SHEET DATA QUARTER ENDED DECEMBER 31, 2000 AND CERTAIN PRECEDING QUARTERS ($000s) (UNAUDITED)
AS OF ---------------------------------------------------------------------------- 12/31/00 09/30/00 06/30/00 03/31/00 12/31/99 9/30/99 ---------- ---------- ---------- ---------- ---------- ---------- Total cash and marketable debt securities $ 177,124 $ 202,583 $ 130,532 $ 61,624 $ 136,837 $ 153,408 Total current assets 379,307 420,863 330,703 269,830 290,625 329,227 Property and equipment (net) 2,095,129 2,054,887 2,073,086 2,084,868 2,049,769 2,009,212 Total assets 2,596,589 2,619,605 2,560,538 2,500,098 2,432,324 2,433,449 Total current liabilities 204,922 229,875 222,463 218,757 233,336 249,167 Short-term debt and current installments of long-term debt 49,351 60,631 61,226 59,009 59,460 59,905 Total debt 699,642 747,626 761,812 774,976 790,353 807,521 Total liabilities 1,019,368 1,065,652 1,062,816 1,055,280 1,034,282 1,068,907 Shareholders' equity 1,577,221 1,553,953 1,497,722 1,444,818 1,398,042 1,364,542
- ---------- Page 4 10 NOBLE DRILLING CORPORATION CONSOLIDATED OPERATIONAL FINANCIAL DATA ($000s EXCEPT UTILIZATION AMOUNTS, OPERATING DAYS, AVERAGE DAYRATE, MARKETABLE RIGS AND TURNKEY WELLS)
UNAUDITED ------------------------------------------------------------------------------------------------------- 4TH QUARTER 2000 4TH QUARTER 1999 YTD DECEMBER 2000 --------------------------------- --------------------------------- --------------------------------- Domestic International Triton Domestic International Triton Domestic International Triton -------- ------------- -------- -------- ------------- -------- -------- ------------- -------- REVENUES - -------- OFFSHORE Drilling $110,386 $ 101,056 $ -- $ 56,207 $ 91,508 $ -- $382,814 $ 372,572 $ -- Labor -- 6,837 -- -- 6,986 -- -- 29,480 -- TURNKEY DRILLING -- -- 19,302 -- -- 18,053 -- -- 82,047 ENGINEERING, CONSULTING AND OTHER 579 2,661 358 332 401 -- 2,061 6,601 7,025 DIRECT EXPENSES - --------------- OFFSHORE Drilling $ 37,860 $ 59,188 $ -- $ 24,207 $ 58,054 $ -- $135,575 $ 231,020 $ -- Labor -- 5,752 -- -- 5,993 -- -- 23,385 -- TURNKEY DRILLING -- -- 20,814 -- -- 15,541 -- -- 79,552 ENGINEERING, CONSULTING AND OTHER 462 957 377 126 114 -- 1,448 1,978 6,448 STATISTICS - ---------- OFFSHORE DRILLING Utilization 99% 90% -- 77% 65% -- 91% 81% -- Operating Days 1,557 2,242 -- 1,028 1,716 -- 5,705 8,133 -- Average Dayrate $ 70,897 $ 45,074 $ -- $ 54,676 $ 53,326 $ -- $ 67,101 $ 45,810 $ -- Marketable Rigs - period end 18 29 -- 13 29 -- 18 29 -- TURNKEY WELLS COMPLETED -- -- 5 -- -- 7 -- -- 20 TURNKEY WELLS IN-PROGRESS -- -- -- -- -- 3 -- -- --
Page 5 11 NOBLE DRILLING CORPORATION AND SUBSIDIARIES MONTHLY FLEET STATUS AS OF FEBRUARY 1, 2001
YEAR BUILT/ WATER RIG DESIGN REBUILT DEPTH LOCATION OPERATOR ---------- ------- ----- -------- -------- JACKUP RIGS - ----------- DOMESTIC (10) Noble Eddie Paul MLT Class 84-E.R.C. (T) 1976/1995 390'-IC South Timbalier 295-A Apache Noble Leonard Jones MLT Class 53-E.R.C. (T) 1972/1998 390'-IC Grand Isle 33 Apache Noble Bill Jennings MLT Class 84-E.R.C. (T) 1975/1997 390'-IC South Timbalier 265 Magnum Hunter Noble Johnnie Hoffman BakMar BMC 300 IC (T) 1976/1993 300'-IC West Cameron 170 Nexen Noble Sam Noble Levingston Class 111-C (T) 1982 300'-IC West Cameron 206 Forest Oil Noble John Sandifer Levingston Class 111-C (T) 1975/1995 300'-IC West Cameron 60 BHP Noble Tom Jobe MLT Class 82-SD-C (T) (Z) 1982 250'-IC Mobile 1005 Spirit 76 Noble Earl Frederickson MLT Class 82-SD-C (T) 1979 250'-IC West Cameron 48 Halliburton/Chevron Noble Carl Norberg MLT Class 82-C (T) 1976/1996 250'-IC South Marsh 8 Chevron Noble Charles Copeland MLT Class 82-SD-C (T) 1979/1995 250'-IC Pascagoula F&G Shipyard INTERNATIONAL (24) Noble Gene Rosser Levingston Class 111-C (T) 1977/1996 300'-IC Bay of Campeche Pemex Noble Lewis Dugger Levingston Class 111-C (T) 1977/1997 300'-IC Bay of Campeche Pemex Noble Dick Favor BakMar BMC 150 IC 1982/1993 150'-IC Brazil Petrobras 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 300'-IC Nigeria Chevron Noble Ed Noble MLT Class 82-SD-C (T) 1984/1990 250'-IC Nigeria Stacked Noble Lloyd Noble MLT Class 82-SD-C (T) 1983/1990 250'-IC Nigeria Shell Noble Don Walker BakMar BMC 150 IC (T) 1982 150'-IC Nigeria Texaco Noble Jimmy Puckett F&G L-780 MOD II-IC 1982 300'-IC India ONGC Noble Ed Holt Levingston Class 111-C (T) 1981/1994 300'-IC India ONGC Noble Kenneth Delaney F&G L-780 MOD II-IC (T) 1983/1998 300'-IC Qatar Stacked Noble George McLeod F&G L-780 MOD II-IC (T) 1981/1995 300'-IC Qatar Stacked 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 India Under Tow CONTRACT DAYRATE EXPIRATION ($000) COMMENTS ---------- ------- -------- JACKUP RIGS - ----------- DOMESTIC (10) Noble Eddie Paul 12/01 60-61 Rate renews every 90 days, next renewal 2/28/01. Noble Leonard Jones 12/01 60-61 Rate renews every 90 days, next renewal 4/5/01. Noble Bill Jennings 2/01 60-63 Two well extension from 2/15 @ $63-65. Noble Johnnie Hoffman 7/01 48-50 Plus option at mutually agreed rates. Noble Sam Noble 3/01 42-44 Then 90 day extension @ $46-47. Noble John Sandifer 2/01 43-45 Next to Apache for one year, initial rate $46-48, rate renews every 90 days. Noble Tom Jobe 4/01 46-48 Rate review every 90 days. Noble Earl Frederickson 2/01 45-47 Rate review every 90 days. Noble Carl Norberg 3/01 44-46 Plus additional 30 day well at mutually agreed rates. Noble Charles Copeland Quarters refurbishment, addition of 3rd mud pump, available mid-March. INTERNATIONAL (24) Noble Gene Rosser 2/01 38-40 Contract expires 2/15/01. Noble Lewis Dugger 2/01 48-50 Contract expires 2/2/01, will mobilize to GOM. Demob paid by Pemex. Noble Dick Favor In Brazil, underging Petrobras acceptance. On rate +/- 2/8/01, one year @ $38-40. Noble Tommy Craighead 4/01 48-49 Extended through March Noble Percy Johns 3/01 54-56 Rate increase 1/15/01. Bid to ExxonMobil for one year. Noble Roy Butler 2/01 40-42 Plus option at mutually agreed rates. Noble Ed Noble Bid to ExxonMobil. Noble Lloyd Noble 2/01 36-38 1 to 2 wells prior to arrival of Don Walker. Noble Don Walker 5/01 45-47 Next to Shell. Noble Jimmy Puckett 4/01 17-19 Anticipate 20-30 days downtime at end of contract. Will bid to ONGC for 2 year contract. Noble Ed Holt 11/02 33-35 Noble Kenneth Delaney Bidding in region in the mid-$40's. Noble George McLeod Bidding in region in the mid-$40's. Noble Gus Androes 4/01 24-26 3 wells. Noble Chuck Syring 1/01 40-42 ETA in Qatar 2/1/01. Anticipate 30 days downtime prior to next contract.
Page 6 12 NOBLE DRILLING CORPORATION AND SUBSIDIARIES MONTHLY FLEET STATUS AS OF FEBRUARY 1, 2001
YEAR BUILT/ WATER RIG DESIGN REBUILT DEPTH LOCATION OPERATOR ---------- ------- ----- -------- -------- Noble Crosco Panon Levingston Class 111-S (T) 1976/2001 300'-IS Sharjah Lamprell Shipyard Noble Al White CFEM T-2005 C (T) 1982/1997 360'-IC Netherlands Elf Petroland Noble Byron Welliver CFEM T-2005 C (T) 1982 300'-IC Denmark Maersk Noble Kolskaya Gusto Engineering (T) 1985 330'-IC Denmark Danop-Am. Hess Noble George Sauvageau NAM (T) 1981 300'-IC Netherlands Wintershall Noble Ronald Hoope MSC/CJ46 (T) 1982 225'-IC Netherlands Elf Petroland Noble Piet van Ede MSC/CJ46 (T) 1982 205'-IC Netherlands Transcanada Noble Lynda Bossler MSC/CJ46 (T) 1982 205'-IC Netherlands Clyde Noble Julie Robertson Baker Marine Europe Class (T) 1981 180'-IC Netherlands Shipyard DRILLSHIPS (3) - -------------- Noble Leo Segerius Gusto Engineering Pelican (T) 1981 5,000'-DP Brazil Petrobras Noble Roger Eason Neddrill (T) 1977 6,000'-DP Brazil Petrobras Noble Muravlenko Gusto Engineering Ice Class (T) 1982/1997 4,000'-DP Brazil Petrobras SEMISUBMERSIBLE RIGS (9) - ------------------------ Noble Paul Romano Noble EVA 4000(TM) 1981/1998 6,000' Garden Banks 602 Shell Noble Paul Wolff Noble EVA 4000(TM) 1981/1998 8,900' Brazil Petrobras Noble Jim Thompson Noble EVA 4000(TM) 1984/1999 6,000' Garden Banks 297 Shell Noble Amos Runner Noble EVA 4000(TM) 1982/1999 6,600' Green Canyon 338 Murphy Oil Noble Max Smith Noble EVA 4000(TM) 1980/1999 6,000' East Breaks 558 Anadarko Noble Ton van Langeveld Offshore SCP III Mark 2 (T) 1979/1986 1,500' U.K. Stacked Noble Homer Ferrington F&G 9500 Enhanced Pacesetter 1985/1999 6,000' East Breaks 421 Samedan Oil Noble Clyde Boudreaux F&G 9500 Enhanced Pacesetter 1987/1999 6,000' MS - F&G shipyard Shipyard Noble Dave Beard F&G 9500 Enhanced Pacesetter 1986 6,000' Dalian, China Shipyard SUBMERSIBLE RIGS (3) - -------------------- Noble Fri Rodli Transworld 1979/1998 70'-C Ship Shoal 59 Murphy Oil Noble Joe Alford Pace 85 1982 85'-C Eugene Island 7 Ocean Energy Noble Lester Pettus Pace 85 1982 85'-C South Timbalier 72 Forest Oil CONTRACT DAYRATE EXPIRATION ($000) COMMENTS ---------- ------- -------- Noble Crosco Panon In shipyard for conversion to cantilever. Next to Elf in 5/01 in the low $40's for 8 months. Noble Al White 2/01 33-35 From Feb., 1 well @ $34-36, 1 well @ $39-41, 1 well @ $51-52, 1 well @ $72-74. Each well +/- 70 days each. Noble Byron Welliver 8/01 43-45 Then $63-65 from 9/1/2001 to 8/31/2002. Noble Kolskaya 4/01 50-52 Noble George Sauvageau 4/01 46-48 One well farmout from NAM. Noble Ronald Hoope 3/01 71-73 Rate firm through 3/12/01. Then 1 well @ $60-62, 1 well @ $66-68. Noble Piet van Ede 12/01 54-56 Noble Lynda Bossler 6/01 57-59 6 month extension from July @ $68-70. Noble Julie Robertson Off drydock 2/22/01. Bidding in North Sea and West Africa. DRILLSHIPS (3) - -------------- Noble Leo Segerius 10/01 61-63 Noble Roger Eason 3/03 74-76 Anticipated in drydock 3/15/01 for 5 year survey. Expected downtime 45-60 days, 1st 15 days on dayrate. Noble Muravlenko 3/02 Entered drydock 12/30/00 for 5 year survey. Anticipated return to work 2/15/01. 1st 15 days on dayrate. SEMISUBMERSIBLE RIGS (9) - ------------------------ Noble Paul Romano 12/03 134-136 Noble Paul Wolff 5/05 138-140 Noble Jim Thompson 7/02 158-160 Noble Amos Runner 8/04 145-147 Noble Max Smith 1/05 154-156 Anadarko for one well. Noble Ton van Langeveld Contract with Marathon 2 x 36 day wells commencing 5/01, 1st well $55-57, 2nd well $61-63. Noble Homer Ferrington 1/05 80-82 One more well with Samedan, next to Mariner in 4,000' water. Noble Clyde Boudreaux Engineering complete. Final conversion subject to firm contract. Noble Dave Beard Completing engineering. SUBMERSIBLE RIGS (3) - -------------------- Noble Fri Rodli 3/01 33-35 Noble Joe Alford 3/01 33-35 One well extension. Noble Lester Pettus 6/01 34-36 Six month extension.
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