-----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, SACilWFSmNoq4nLCVcZFTtmiMaVfbQKwrYjW+ydESJXkq/crxK+meV0Il+BxKzqy bHDzqZAi5uDh9DCHgdClLw== 0000950129-02-001225.txt : 20020415 0000950129-02-001225.hdr.sgml : 20020415 ACCESSION NUMBER: 0000950129-02-001225 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020311 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20020311 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: 02572438 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 h94888e8-k.txt NOBLE DRILLING CORPORATION - MARCH 11, 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): MARCH 11, 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 March 11, 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 March 11, 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 March 11, 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: March 11, 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 March 11, 2002. 4 EX-99.1 3 h94888ex99-1.txt NOBLE DRILLING CORP & SUBSIDIARIES FLEET STATUS EXHIBIT 99.1 NOBLE DRILLING CORPORATION AND SUBSIDIARIES FLEET STATUS UPDATE MARCH 11, 2002
YEAR BUILT/ WATER RIG RIG DESIGN REBUILT DEPTH LOCATION OPERATOR - --- ---------- ------- ----- -------- -------- 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 Apache Noble Leonard Jones MLT Class 53-E.R.C. (T) 1972/1998 390'-IC Eugene Island 224 BP Noble Bill Jennings MLT Class 84-E.R.C. (T) 1975/1997 390'-IC Eugene Island 339 ChevronTexaco Noble Johnnie Hoffman BakMar BMC 300 IC (T) (Z) 1976/1993 300'-IC West Cameron 170 Nexen Noble Sam Noble Levingston Class 111-C (T) 1982 300'-IC Eugene Island 113 Stacked Noble Gene Rosser Levingston Class 111-C (T) 1977/1996 300'-IC Sabine Pass Shipyard Noble John Sandifer Levingston Class 111-C (T) 1975/1995 300'-IC South Timbalier 26 Energy Partners Noble Tom Jobe MLT Class 82-SD-C (T) (Z) 1982 250'-IC High Island 167 Spinnaker Noble Earl Frederickson MLT Class 82-SD-C (T) (Z) 1979 250'-IC South Marsh Island 77 ChevronTexaco Noble Carl Norberg MLT Class 82-C (T) 1976/1996 250'-IC South Marsh Island 39 Westport Resources SEMISUBMERSIBLES (6) - -------------------- Noble Paul Romano Noble EVA 4000TM (T) 1981/1998 6,000' Green Canyon 117 Shell Noble Jim Thompson Noble EVA 4000TM (T) 1984/1999 6,000' Mississippi Canyon 809 Shell Noble Amos Runner Noble EVA 4000TM (T) 1982/1999 6,600' East Breaks 646 Kerr-McGee Noble Max Smith Noble EVA 4000TM (T) 1980/1999 6,000' Mississippi Canyon 773 Dominion Noble Homer Ferrington F&G 9500 Enhanced Pacesetter (T) 1985/1999 6,000' Mississippi Canyon 849 Samedan Noble Clyde Boudreaux F&G 9500 Enhanced Pacesetter 1987/1999 10,000' MS - F&G shipyard Shipyard SUBMERSIBLES (3) - ---------------- Noble Fri Rodli Transworld 1979/1998 70'-C West Cameron 38 Stacked Noble Joe Alford Pace 85 1982 85'-C Eugene Island 113 Stacked Noble Lester Pettus Pace 85 1982 85'-C Ship Shoal 72 PetroQuest INTERNATIONAL (30) - ------------------ MEXICO JACKUPS (1) - ------------------ Noble Lewis Dugger Levingston Class 111-C (T) 1977/1997 300'-IC Bay of Campeche Pemex BRAZIL JACKUPS (1) - ------------------ Noble Dick Favor BakMar BMC 150 IC 1982/1993 150'-IC Brazil Petrobras BRAZIL SEMISUBMERSIBLES (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 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
ANTICIPATED CONTRACT DAYRATE RIG EXPIRATION ($000) COMMENTS - --- ---------- ------- -------- U.S. GULF OF MEXICO (19) - ------------------------ JACKUPS (10) - ------------ Noble Eddie Paul 5/2002 40-41 45 days @ $40-41, effective 2/15/2002, then 45 days @ $35-37. Noble Leonard Jones 5/2002 29-31 90 days @ $29-31, rate effective 2/04/2002. Noble Bill Jennings 4/2002 32-34 Noble Johnnie Hoffman 3/2002 31-33 Rate effective 1/07/2002 through +/- 3/12/2002. Next to ADTI for one well @ $19-20 for +/- 45 days. Noble Sam Noble Stacked ready. Noble Gene Rosser Shipyard. Available +/- 4/01/2002. Noble John Sandifer 4/2002 18-19 On new contract 2/20/2002 for two wells. Noble Tom Jobe 4/2002 17-18 60 days @ $17-18, effective 2/11/2002, plus option at mutually agreed rate. Noble Earl Frederickson 4/2002 21-23 Rate effective 12/22/2001 through +/- 4/17/2002. Noble Carl Norberg 3/2002 17-18 Rig stacked for 19 days in January. On new contract 1/20/2002. SEMISUBMERSIBLES (6) - -------------------- Noble Paul Romano 12/2002 94-96 Effective 1/01/2002, the original five-year contact with Shell for the Romano, which was activated in 12/98, has been amended. The dayrate under the amended contract is $94-96 from its effective date 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 7/2004 158-160 Concurrent with the amended contract for the Romano, the original three-year contract 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 8/2004 146-148 Noble Max Smith 1/2005 139-141 Dominion for three wells @ $139-141, 4th well @ $104-106, rig with Dominion through +/- 4/01/2002. Noble Homer Ferrington 1/2005 84-86 Rig on standby rate of $45,000 through 1/13/2002. Samedan @ $84-86 on 2/13/2002 for +/- 40 days. Noble Clyde Boudreaux Engineering complete. Structural steel work being carried out on hull. Procuring certain long lead time capital equipment. SUBMERSIBLES (3) - ---------------- Noble Fri Rodli Stacked cold. Noble Joe Alford Stacked ready. Noble Lester Pettus 4/2002 19-21 Plus one well option. INTERNATIONAL (30) - ------------------ MEXICO JACKUPS (1) - ------------------ Noble Lewis Dugger 7/2004 56-58 Rig will be off rate in March for +/- 7-10 days for spudcan inspection. BRAZIL JACKUPS (1) - ------------------ Noble Dick Favor 3/2002 38-40 Current contract will expire +/- 3/15/2002. Contract extended with Petrobras for 360 days @ $35-36. BRAZIL SEMISUBMERSIBLES (1) - --------------------------- Noble Paul Wolff 5/2005 138-140 The rig went off rate on 3/06/2002 for +/- 20 days to perform underwater survey. The rig has sustained 61 hours of downtime to date in 1Q '02. BRAZIL DRILLSHIPS (3) - --------------------- Noble Leo Segerius 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. Noble Roger Eason 4/2003 74-76 Noble Muravlenko 3/2003 58-60
NOBLE DRILLING CORPORATION AND SUBSIDIARIES FLEET STATUS UPDATE MARCH 11, 2002
YEAR BUILT/ WATER RIG RIG DESIGN REBUILT DEPTH LOCATION OPERATOR - --- ---------- ------- ----- -------- -------- NORTH SEA JACKUPS (8) - --------------------- 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 Maersk Noble George Sauvageau NAM (T) 1981 300'-IC Netherlands NAM Noble Ronald Hoope MSC/CJ46 (T) 1982 250'-IC Netherlands Elf Petroland Noble Piet van Ede MSC/CJ46 (T) 1982 250'-IC Netherlands Gaz de Franz Noble Lynda Bossler MSC/CJ46 (T) (Z) 1982 250'-IC Netherlands Clyde Noble Julie Robertson Baker Marine Europe Class (T) 1981 390'-IC* United Kingdom BG NORTH SEA SEMISUBMERSIBLES (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 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 150'-IC Nigeria Shell 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 BP Qatar Noble Jimmy Puckett F&G L-780 MOD II-IC (T) 1982/2002 300'-IC UAE Shipyard INDIA JACKUPS (1) - ----------------- Noble Ed Holt Levingston Class 111-C (T) 1981/1994 300'-IC India ONGC FAR EAST SEMISUBMERSIBLES (1) - ----------------------------- Noble Dave Beard F&G 9500 Enhanced Pacesetter 1986 10,000' Dalian, China Shipyard
ANTICIPATED CONTRACT DAYRATE RIG EXPIRATION ($000) COMMENTS - --- ---------- ------- -------- NORTH SEA JACKUPS (8) - --------------------- Noble Al White 12/2002 51-53 On new rate of $51-53 on 01/29/2002 for +/- 100 days, then one well @ $72-74 and one well @ $80-82. Noble Byron Welliver 8/2002 63-65 Noble Kolskaya 5/2002 73-75 Noble George Sauvageau 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 5/2002 78-80 Dayrate of $78-80 for 1st Quarter 2002, then $82-84 for April and May of 2002. Noble Piet van Ede 12/2002 80-81 Noble Lynda Bossler 6/2002 79-81 Six-month extension from 1/01/2002 @ $79-81. Noble Julie Robertson 12/2002 87-88 BG for five wells plus two option wells, anticipated to be 12-14 months @ $87-88. NORTH SEA SEMISUBMERSIBLES (1) - ------------------------------ Noble Ton van Langeveld Contract with Kerr-McGee for two firm wells @ +/- 45 days/well, plus two option wells. First well @ $68-70, second well @ $71-73. Start +/- 3/15/2002. WEST AFRICA JACKUPS (6) - ----------------------- Noble Tommy Craighead 4/2002 57-59 Noble Percy Johns 4/2003 57-59 Contract recently extended for one year at same dayrate. Noble Roy Butler 4/2003 51-53 On contract 4/15/2001, year two at a mutually agreed dayrate. Noble Ed Noble 3/2003 51-53 Contract recently extended for one year at same dayrate. Noble Lloyd Noble 10/2002 57-59 Noble Don Walker 11/2002 59-60 ARABIAN GULF JACKUPS (7) - ------------------------ Noble Kenneth Delaney 5/2002 53-54 Noble George McLeod 6/2002 53-54 Noble Gus Androes 12/2002 53-55 Noble Chuck Syring 6/2003 50-52 One year contract extension effective June 2002 @ $50-51. Noble Crosco Panon 4/2002 39-41 Noble Charles Copeland 7/2002 57-59 Noble Jimmy Puckett Rig undergoing shipyard repairs. Contract from Dolphin Energy, 1-well, 120 days @ $56-57, commencing 2Q 2002. INDIA JACKUPS (1) - ----------------- Noble Ed Holt 11/2002 33-35 FAR EAST SEMISUBMERSIBLES (1) - ----------------------------- Noble Dave Beard 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. -----END PRIVACY-ENHANCED MESSAGE-----