-----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, O+8IzhuTXOaB8uYOnNDc/RXX0fNs0CqJVq+8iFk2ldlsD93ip/kwx9zhEiATdmpf KcADkT3KeQkMbhNCJ8EI6g== 0000950129-02-000317.txt : 20020414 0000950129-02-000317.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950129-02-000317 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020125 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20020125 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: 1934 Act SEC FILE NUMBER: 001-11669 FILM NUMBER: 02517827 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 h93792e8-k.txt NOBLE DRILLING CORPORATION - 1/25/2002 ================================================================================ 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): JANUARY 25, 2002 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 ================================================================================ FORM 8-K ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits Exhibit 99.1 Noble Drilling Corporation and Subsidiaries Fleet Status Update as of January 24, 2002. ITEM 9. REGULATION FD DISCLOSURE. The Registrant hereby incorporates by reference into this Item 9 the Noble Drilling Corporation and Subsidiaries Fleet Status Update as of January 24, 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 Drilling Corporation and Subsidiaries Fleet Status Update as of January 24, 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, 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 our customers' drilling programs or budgets due to factors discussed herein or due to their own internal corporate events, the cancellation by customers of the Registrant 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 our competitors' drilling rig fleets that could make our 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 DRILLING CORPORATION Date: January 25, 2002 By: /s/ ROBERT D. CAMPBELL ---------------------------------------- ROBERT D. CAMPBELL, President 3 FORM 8-K INDEX TO EXHIBITS Exhibit No. Description - ----------- ----------- Exhibit 99.1 Noble Drilling Corporation and Subsidiaries Fleet Status Update as of January 24, 2002. 4 EX-99.1 3 h93792ex99-1.txt FLEET STATUS UPDATE AS OF 1/24/2002 EXHIBIT 99.1 NOBLE DRILLING CORPORATION AND SUBSIDIARIES FLEET STATUS UPDATE JANUARY 24, 2002
YEAR BUILT/ WATER RIG RIG DESIGN REBUILT DEPTH LOCATION - --- ---------- ------- ----- -------- U.S. GULF OF MEXICO (19) - ------------------------ JACKUPS (10) - ------------ Noble Eddie Paul MLT Class 84-E.R.C. (T) 1976/1995 390'-IC South Timbalier 295 Noble Leonard Jones MLT Class 53-E.R.C. (T) 1972/1998 390'-IC Eugene Island 354 Noble Bill Jennings MLT Class 84-E.R.C. (T) 1975/1997 390'-IC Eugene Island 339 Noble Johnnie Hoffman BakMar BMC 300 IC (T) (Z) 1976/1993 300'-IC West Cameron 170 Noble Sam Noble Levingston Class 111-C (T) 1982 300'-IC Eugene Island 113 Noble Gene Rosser Levingston Class 111-C (T) 1977/1996 300'-IC Sabine Pass Noble John Sandifer Levingston Class 111-C (T) 1975/1995 300'-IC West Cameron 504 Noble Tom Jobe MLT Class 82-SD-C (T) (Z) 1982 250'-IC Vermilion 24 Noble Earl Frederickson MLT Class 82-SD-C (T) (Z) 1979 250'-IC South Marsh Island 77 Noble Carl Norberg MLT Class 82-C (T) 1976/1996 250'-IC South Marsh Island 39 SEMISUBMERSIBLES (6) - -------------------- Noble Paul Romano Noble EVA 4000TM (T) 1981/1998 6,000' Green Canyon 117 Noble Jim Thompson Noble EVA 4000TM (T) 1984/1999 6,000' Mississippi Canyon 809 Noble Amos Runner Noble EVA 4000TM (T) 1982/1999 6,600' East Breaks 689 Noble Max Smith Noble EVA 4000TM (T) 1980/1999 6,000' Mississippi Canyon 773 Noble Homer Ferrington F&G 9500 Enhanced Pacesetter (T) 1985/1999 6,000' Viosca Knoll 917 Noble Clyde Boudreaux F&G 9500 Enhanced Pacesetter 1987/1999 10,000' MS - F&G shipyard SUBMERSIBLES (3) - ---------------- Noble Fri Rodli Transworld 1979/1998 70'-C West Cameron 38 Noble Joe Alford Pace 85 1982 85'-C Eugene Island 113 Noble Lester Pettus Pace 85 1982 85'-C Ship Shoal 63 INTERNATIONAL (30) - ------------------ MEXICO JACKUPS (1) - ------------------ Noble Lewis Dugger Levingston Class 111-C (T) 1977/1997 300'-IC Bay of Campeche BRAZIL JACKUPS (1) - ------------------ Noble Dick Favor BakMar BMC 150 IC 1982/1993 150'-IC Brazil BRAZIL SEMISUBMERSIBLES (1) - --------------------------- Noble Paul Wolff Noble EVA 4000TM (T) 1981/1998 8,900'-DP Brazil BRAZIL DRILLSHIPS (3) - --------------------- Noble Leo Segerius Gusto Engineering Pelican (T) 1981 5,000'-DP Brazil ANTICIPATED CONTRACT DAYRATE RIG OPERATOR EXPIRATION ($000) COMMENTS - --- -------- ---------- ------ -------- U.S. GULF OF MEXICO (19) - ------------------------ JACKUPS (10) - ------------ Noble Eddie Paul Apache 5/2002 44-46 Rate effective 1/01/2002 for 45 days, then 45 days @ $40-41, then 45 days @ $ 35-37. Noble Leonard Jones Apache 4/2002 40-41 Rate effective 1/01/2002 through +/- 1/26/2002. Next to BP for 90 days @ $29-31. Rig will be down for 7 days for mud pump repair prior to commencing BP contract. Noble Bill Jennings ChevronTexaco 4/2002 32-34 Noble Johnnie Hoffman Nexen 2/2002 31-33 Rate effective 1/07/2002 through +/- 2/12/2002. Noble Sam Noble Stacked Stacked ready. Noble Gene Rosser Shipyard Shipyard. Rig released 9/03/2001. Installing 3rd mud pump. Available +/- 2/15/2002. Noble John Sandifer El Paso 2/2002 20-21 Rate effective 12/28/2001 through +/- 2/16/2002. Noble Tom Jobe Stacked Rig was under contract @ $21-23 from 11/14/2001 through 1/14/2002. Noble Earl Frederickson ChevronTexaco 4/2002 21-23 Rate effective 12/22/2001 through +/- 4/17/2002. Noble Carl Norberg Westport Resources 2/2002 20-22 Rig stacked from 12/22/2001 through 1/20/2002. SEMISUBMERSIBLES (6) - -------------------- Noble Paul Romano Shell 12/2002 94-96 In connection with the amendment of the Noble Jim Thompson contract, effective 1/01/2002, the original five-year contract with Shell for the Romano, which was activated in 12/98, has been amended. The dayrate under the amended contract is $94-96 from 1/01/2002 through 12/31/2002. The fifth year of the original contract has been changed to a Shell option, upon mutually agreed terms and conditions. Noble Jim Thompson Shell 7/2004 158-160 In connection with the amendment of the Noble Paul Romano contract, the original three-year contract for the Thompson with Shell has been extended through 7/01/2004 @ $154-156. Prior to this two-year extension, the original contract was scheduled to terminate 7/01/2002. Noble Amos Runner Kerr-McGee 8/2004 146-148 Noble Max Smith Dominion 1/2005 139-141 Dominion for three wells @ $139-141, 4th well @ $104-106, rig with Dominion through +/- 4/01/2002. Noble Homer Ferrington Idle 1/2005 Rig on standby rate of $45,000 from 12/28/2001 through 1/13/2002. Next to Samedan @ $80-81 on +/- 2/15/2002 for +/- 40 days. Noble Clyde Boudreaux Shipyard Engineering complete. Structural steel work being carried out on hull. Procuring certain long lead time capital equipment. SUBMERSIBLES (3) - ---------------- Noble Fri Rodli Stacked Stacked ready. Noble Joe Alford Stacked Stacked ready. Rig released 12/15/2001. Noble Lester Pettus PetroQuest 1/2002 19-21 Rig on contract with PetroQuest from 10/25/2001 through +/- 1/29/2002, plus one-well option. INTERNATIONAL (30) - ------------------ MEXICO JACKUPS (1) - ------------------ Noble Lewis Dugger Pemex 7/2004 56-58 On new contract 12/16/2001, 932 days @ $56-58. BRAZIL JACKUPS (1) - ------------------ Noble Dick Favor Petrobras 2/2002 38-40 Current contract will expire +/- 2/18/2002. Negotiating a possible 6-12 month extension with Petrobras. BRAZIL SEMISUBMERSIBLES (1) - --------------------------- Noble Paul Wolff Petrobras 5/2005 138-140 Rig will go to drydock for intermediate survey either early February or mid-April. The rig will be off contract for +/- 20 days to perform survey. BRAZIL DRILLSHIPS (3) - --------------------- Noble Leo Segerius Petrobras 3/2005 107-109 Commenced 3-year contract on 12/15/2001 @ initial rate of $107-109. To shipyard for up to 90 days (+/- 4/01/2002-6/30/2002), then recommence contract @ $109-111.
Page 1 NOBLE DRILLING CORPORATION AND SUBSIDIARIES FLEET STATUS UPDATE JANUARY 24, 2002
YEAR BUILT/ WATER RIG RIG DESIGN REBUILT DEPTH LOCATION - --- ---------- ------- ----- -------- Noble Roger Eason Neddrill (T) 1977 6,000'-DP Brazil Noble Muravlenko Gusto Engineering Ice Class (T) 1982/1997 4,000'-DP Brazil NORTH SEA JACKUPS (8) - --------------------- Noble Al White CFEM T-2005 C (T) 1982/1997 360'-IC Netherlands Noble Byron Welliver CFEM T-2005 C (T) 1982 300'-IC Denmark Noble Kolskaya Gusto Engineering (T) 1985 330'-IC Denmark Noble George Sauvageau NAM (T) 1981 300'-IC Netherlands Noble Ronald Hoope MSC/CJ46 (T) 1982 225'-IC Netherlands Noble Piet van Ede MSC/CJ46 (T) 1982 205'-IC Netherlands Noble Lynda Bossler MSC/CJ46 (T) (Z) 1982 205'-IC Netherlands Noble Julie Robertson Baker Marine Europe Class (T) 1981/2000 390'-IC* United Kingdom NORTH SEA SEMISUBMERSIBLES (1) - ------------------------------ Noble Ton van Langeveld Offshore SCP III Mark 2 (T) 1979/2000 1,500' United Kingdom WEST AFRICA JACKUPS (6) - ----------------------- Noble Tommy Craighead F&G L-780 MOD II-IC (T) 1982/1990 300'-IC Nigeria Noble Percy Johns F&G L-780 MOD II-IC (T) 1981/1995 300'-IC Nigeria Noble Roy Butler F&G L-780 MOD II-IC (T) 1982 300'-IC Nigeria Noble Ed Noble MLT Class 82-SD-C (T) 1984/1990 250'-IC Nigeria Noble Lloyd Noble MLT Class 82-SD-C (T) 1983/1990 250'-IC Nigeria Noble Don Walker BakMar BMC 150 IC (T) 1982 150'-IC Nigeria ARABIAN GULF JACKUPS (7) - ------------------------ Noble Kenneth Delaney F&G L-780 MOD II-IC (T) 1983/1998 300'-IC Abu Dhabi Noble George McLeod F&G L-780 MOD II-IC (T) 1981/1995 300'-IC Abu Dhabi Noble Gus Androes Levingston Class 111-C (T) 1982/1996 300'-IC Qatar Noble Chuck Syring MLT Class 82-C (T) 1976/1996 250'-IC Qatar Noble Crosco Panon Levingston Class 111-C (T) 1976/2001 300'-IC Qatar Noble Charles Copeland MLT Class 82-SD-C (T) 1979/2001 250'-IC Qatar Noble Jimmy Puckett F&G L-780 MOD II-IC 1982/2002 300'-IC UAE INDIA JACKUPS (1) - ----------------- Noble Ed Holt Levingston Class 111-C (T) 1981/1994 300'-IC India FAR EAST SEMISUBMERSIBLES (1) - ----------------------------- Noble Dave Beard F&G 9500 Enhanced Pacesetter 1986 10,000' Dalian, China ANTICIPATED CONTRACT DAYRATE RIG OPERATOR EXPIRATION ($000) COMMENTS - --- -------- ---------- ------ -------- Noble Roger Eason Petrobras 4/2003 74-76 Noble Muravlenko Petrobras 3/2003 58-60 NORTH SEA JACKUPS (8) - --------------------- Noble Al White Elf Petroland 5/2002 39-41 On new rate of $51-53 on +/- 01/26/2002 for +/- 100 days, then one well @ $72-74. Noble Byron Welliver Maersk 8/2002 63-65 Noble Kolskaya Maersk 4/2002 73-75 Noble George Sauvageau NAM 4/2003 83-85 From 10/10/2001 @ $83-85 through 4/10/2002. Market rate adjustment on 4/10/2002 and again on 10/10/2002. Noble Ronald Hoope Elf Petroland 5/2002 78-80 Dayrate of $78-80 for 1Q 2002, then $82-84 for April and May of 2002. Noble Piet van Ede Gaz de Franz 12/2002 80-81 Noble Lynda Bossler Clyde 6/2002 79-81 Six-month extension from 1/01/2002 @ $79-81. Noble Julie Robertson British Gas 12/2002 87-88 British Gas for five wells plus two option wells, anticipated to be 12-14 months. NORTH SEA SEMISUBMERSIBLES (1) - ------------------------------ Noble Ton van Langeveld Stacked Rig released on 12/28/2001. WEST AFRICA JACKUPS (6) - ----------------------- Noble Tommy Craighead Addax 4/2002 57-59 Noble Percy Johns ExxonMobil 4/2002 57-59 Noble Roy Butler ChevronTexaco 4/2003 51-53 On contract 4/15/2001, year two at a mutually agreed dayrate. Noble Ed Noble ExxonMobil 3/2002 51-53 Noble Lloyd Noble ChevronTexaco 10/2002 57-59 Noble Don Walker Shell 11/2002 59-60 ARABIAN GULF JACKUPS (7) - ------------------------ Noble Kenneth Delaney NDC 5/2002 53-54 Rig will be in shipyard for +/- 14 days in 1Q '02 and +/- 11 days in 2Q '02. Noble George McLeod NDC 6/2002 53-54 Noble Gus Androes Maersk 12/2002 53-55 Noble Chuck Syring Maersk 6/2003 50-52 Dayrate effective June 2002 @ $50-51. Noble Crosco Panon Elf Petroleum Qatar 4/2002 39-41 Noble Charles Copeland BP Qatar 7/2002 57-59 Noble Jimmy Puckett Shipyard Rig undergoing shipyard repairs. LOI from Dolphin Energy for 1 well, 120 days @ $55-56, commencing 2Q 2002. INDIA JACKUPS (1) - ----------------- Noble Ed Holt ONGC 11/2002 33-35 FAR EAST SEMISUBMERSIBLES (1) - ----------------------------- Noble Dave Beard Shipyard Completing engineering.
- -------------------------------------------------------------------------------- (T) Denotes Top Drive. (Z) Denotes Zero Discharge. (*) Leg extensions being fabricated to enable the rig to operate in up to 390' of water in a non-harsh environment. Page 2 -----END PRIVACY-ENHANCED MESSAGE-----