0000909518-01-500347.txt : 20011019 0000909518-01-500347.hdr.sgml : 20011019 ACCESSION NUMBER: 0000909518-01-500347 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20011015 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20011015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIAMOND OFFSHORE DRILLING INC CENTRAL INDEX KEY: 0000949039 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 760321760 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13926 FILM NUMBER: 1759622 BUSINESS ADDRESS: STREET 1: 15415 KATY FREEWAY CITY: HOUSTON STATE: TX ZIP: 77094 BUSINESS PHONE: 7134925300 MAIL ADDRESS: STREET 1: 15415 KATY FREEWAY CITY: HOUSTON STATE: TX ZIP: 77094 8-K 1 do-8k.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report: OCTOBER 16, 2001 ----------------------------------------------------------------- Date of earliest event reported: OCTOBER 15, 2001 ------------------------------------------------ DIAMOND OFFSHORE DRILLING, INC. -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) DELAWARE 1-13926 76-0321760 -------------------------------------------------------------------------------- (State or Other (Commission File Number) (IRS Employer Jurisdiction Identification No.) of Incorporation) 15415 KATY FREEWAY, HOUSTON, TEXAS 77094 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (281) 492-5300 ---------------------------- NOT APPLICABLE -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) INFORMATION TO BE INCLUDED IN THE REPORT ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS ------------------------------------------------------------------ (c) Exhibits. Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of October 15, 2001 ITEM 9. REGULATION FD DISCLOSURE ------------------------ The Registrant hereby incorporates by reference into this Item 9 the summary report of the status, as of October 15, 2001, of the offshore drilling rigs of the Registrant attached as Exhibit 99.1, which is being furnished in accordance with Rule 101(e)(1) under Regulation FD and shall not be deemed to be filed. Statements in this report that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, include, but are not limited to, statements regarding the current term, start and end dates and comments concerning future contracts and availability and other aspects of the Registrant's drilling rigs. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those anticipated or projected. A discussion of the risk factors that could impact these areas and the Registrant's overall business and financial performance can be found in the Registrant's reports filed with the Securities and Exchange Commission. These factors include, among others, general economic and business conditions, casualty losses, industry fleet capacity, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations, customer preferences and various other matters, many of which are beyond the Registrant's control. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the rig status report, and the Registrant undertakes no obligation to publicly update or revise any forward-looking statements. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DIAMOND OFFSHORE DRILLING, INC. By: /s/ Gary T. Krenek ---------------------------------------- Gary T. Krenek Vice President & Chief Financial Officer Dated: October 15, 2001 3 EXHIBIT INDEX Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of October 15, 2001 4 EX-99 3 rigs.txt EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF OCTOBER 15, 2001
RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR ----------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Shipyard - ----------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted Chevron ----------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Shipyard - ----------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg GOM Contracted Murphy Cantilever ----------------------------------------------------------------------------------------------------------------- Ocean Spartan 250' Independent Leg GOM Contracted BP Cantilever ----------------------------------------------------------------------------------------------------------------- Ocean Spur 250' Independent Leg GOM Contracted BP Cantilever ----------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Indonesia Contracted Maxus Cantilever ----------------------------------------------------------------------------------------------------------------- Ocean Heritage 250' Independent Leg Indonesia Contracted Maxus Cantilever ----------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg GOM Contracted BP Cantilever ----------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg GOM Contracted Seneca Cantilever ----------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg GOM Shipyard - Cantilever ----------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg GOM Contracted BP Cantilever ----------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Contracted Dominion ----------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg Slot GOM Contracted Spinnaker ----------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 Ivory Coast Stacked - ----------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked - ----------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Stacked - ----------------------------------------------------------------------------------------------------------------- 1 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR ----------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Contracted Veba ----------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Contracted Texaco JIP ----------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted Bass Strait ----------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco North Sea Contracted Shell 711 Series ----------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman ----------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Brazil Contracted Devon ----------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut China Contracted CACT ----------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Australia Contracted OMV ----------------------------------------------------------------------------------------------------------------- Ocean Prospector 1,700' Victory Class GOM Cold Stacked - ----------------------------------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class GOM Contracted Westport ----------------------------------------------------------------------------------------------------------------- Ocean Concord 2,200' F&G SS-2000 GOM Contracted Walter ----------------------------------------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Murphy ----------------------------------------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted Pogo Producing ----------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Enterprise ----------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Contracted Westport ----------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras ----------------------------------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced GOM Contracted Shell Pacesetter ----------------------------------------------------------------------------------------------------------------- 2 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR ----------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted BHP ----------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras ----------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted Kerr McGee ----------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Contracted BP ----------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Contracted Anadarko ----------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Amerada Hess ----------------------------------------------------------------------------------------------------------------- Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras ----------------------------------------------------------------------------------------------------------------- Ocean Baroness 6,500' Victory Class Singapore Shipyard Upgrade - ----------------------------------------------------------------------------------------------------------------- Ocean Rover 6,500' Victory Class GOM Upgrade - ----------------------------------------------------------------------------------------------------------------- Ocean Confidence 7,500' DP Aker H-3.2 Modified GOM Contracted BP ----------------------------------------------------------------------------------------------------------------- Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras -----------------------------------------------------------------------------------------------------------------
NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico 3 ** TABLE CONTINUED....... **
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE --------------------------------------------------------------------------------------------------- Ocean Crusader - mid September 2001 early December 2001 --------------------------------------------------------------------------------------------------- Ocean Drake 60-day extension early October 2001 late November 2001 plus option --------------------------------------------------------------------------------------------------- Ocean Champion - early August 2001 late October 2001 --------------------------------------------------------------------------------------------------- Ocean Columbia one well plus option early October 2001 early November 2001 --------------------------------------------------------------------------------------------------- Ocean Spartan six month term late May 2001 late November 2001 --------------------------------------------------------------------------------------------------- Ocean Spur 120-day extension early October 2001 early February 2002 plus option --------------------------------------------------------------------------------------------------- Ocean Sovereign two-year term mid September 2000 mid October 2002 --------------------------------------------------------------------------------------------------- Ocean Heritage one-year term late January 2001 late January 2002 --------------------------------------------------------------------------------------------------- Ocean King one-well mid September 2001 early November 2001 --------------------------------------------------------------------------------------------------- Ocean Nugget three workovers early October 2001 mid November 2001 plus options --------------------------------------------------------------------------------------------------- Ocean Summit - mid June 2001 mid November 2001 --------------------------------------------------------------------------------------------------- Ocean Warwick 90 day extension early October 2001 early January 2002 plus option --------------------------------------------------------------------------------------------------- Ocean Titan one-well plus option late September 2001 mid November 2001 --------------------------------------------------------------------------------------------------- Ocean Tower one well plus option early August 2001 late October 2001 --------------------------------------------------------------------------------------------------- Ocean Liberator - - - --------------------------------------------------------------------------------------------------- Ocean Century - - - --------------------------------------------------------------------------------------------------- Ocean Ambassador - - - --------------------------------------------------------------------------------------------------- 1 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE --------------------------------------------------------------------------------------------------- Ocean Nomad one well early August 2001 mid October 2001 --------------------------------------------------------------------------------------------------- Ocean New Era one well (mud lift JIP) early August 2001 late October 2001 plus option --------------------------------------------------------------------------------------------------- Ocean Bounty one well mid October 2001 mid November 2001 --------------------------------------------------------------------------------------------------- Ocean Guardian nine months plus option mid May 2001 mid February 2002 --------------------------------------------------------------------------------------------------- Ocean Princess three-month term early September 2001 early December 2001 --------------------------------------------------------------------------------------------------- Ocean Whittington one well plus option mid October 2001 mid November 2001 --------------------------------------------------------------------------------------------------- Ocean Epoch second option well early August 2001 early November 2001 --------------------------------------------------------------------------------------------------- Ocean General four wells plus one early October 2001 late January 2002 abandonment --------------------------------------------------------------------------------------------------- Ocean Prospector - - - --------------------------------------------------------------------------------------------------- Ocean Endeavor one well mid May 2001 late August 2001 --------------------------------------------------------------------------------------------------- Ocean Concord one well mid September 2001 early November 2001 --------------------------------------------------------------------------------------------------- Ocean Lexington nine month term early June 2001 early March 2002 --------------------------------------------------------------------------------------------------- Ocean Saratoga two wells mid August 2001 late November 2001 --------------------------------------------------------------------------------------------------- Ocean Yorktown 16-well development mid September 2001 late August 2003 --------------------------------------------------------------------------------------------------- Ocean Voyager one well plus option mid September 2001 late October 2001 --------------------------------------------------------------------------------------------------- Ocean Yatzy five-year term early November 1998 early November 2003 plus option --------------------------------------------------------------------------------------------------- Ocean Worker four-year term mid January 1998 mid January 2002 plus option --------------------------------------------------------------------------------------------------- 2 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE --------------------------------------------------------------------------------------------------- Ocean Quest one well mid August 2001 late October 2001 --------------------------------------------------------------------------------------------------- Ocean Winner 18-month extension early July 2001 early November 2002 --------------------------------------------------------------------------------------------------- Ocean Star six month term late April 2001 late October 2001 --------------------------------------------------------------------------------------------------- Ocean Victory 180-day term late March 2001 mid October 2001 --------------------------------------------------------------------------------------------------- Ocean America one well assignment early April 2001 late November 2001 from BP --------------------------------------------------------------------------------------------------- Ocean Valiant 810 day term late April 2001 late December 2001 --------------------------------------------------------------------------------------------------- Ocean Alliance three-year term early September 2000 early September 2003 --------------------------------------------------------------------------------------------------- Ocean Baroness - - early March 2002 --------------------------------------------------------------------------------------------------- Ocean Rover - - Second Quarter 2003 --------------------------------------------------------------------------------------------------- Ocean Confidence five-year term early January 2001 early January 2006 --------------------------------------------------------------------------------------------------- Ocean Clipper three-year term mid January 2000 early January 2003 ---------------------------------------------------------------------------------------------------
NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico 3 ** TABLE CONTINUED....... **
DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION ---------------------------------------------------------------------------------------------- Ocean Crusader - shipyard for scheduled survey then available ---------------------------------------------------------------------------------------------- Ocean Drake lower 20's available ---------------------------------------------------------------------------------------------- Ocean Champion - shipyard for inspection and repair then available ---------------------------------------------------------------------------------------------- Ocean Columbia lower 20's available ---------------------------------------------------------------------------------------------- Ocean Spartan upper 40's 120-day extension plus option with BP in mid 40's ending late March 2002. ---------------------------------------------------------------------------------------------- Ocean Spur lower 40's available ---------------------------------------------------------------------------------------------- Ocean Sovereign lower 30's available ---------------------------------------------------------------------------------------------- Ocean Heritage mid 30's available ---------------------------------------------------------------------------------------------- Ocean King mid 50's available ---------------------------------------------------------------------------------------------- Ocean Nugget lower 20's available ---------------------------------------------------------------------------------------------- Ocean Summit - available ---------------------------------------------------------------------------------------------- Ocean Warwick upper 40's available ---------------------------------------------------------------------------------------------- Ocean Titan lower 50's available ---------------------------------------------------------------------------------------------- Ocean Tower mid 40's available ---------------------------------------------------------------------------------------------- Ocean Liberator - available ---------------------------------------------------------------------------------------------- Ocean Century - - ---------------------------------------------------------------------------------------------- Ocean Ambassador - available ---------------------------------------------------------------------------------------------- 1 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION ---------------------------------------------------------------------------------------------- Ocean Nomad mid 60's one well with Shell in lower 70's ending mid November 2001; followed by two wells with Veba in lower 70's ending mid February 2002. ---------------------------------------------------------------------------------------------- Ocean New Era mid 40's available ---------------------------------------------------------------------------------------------- Ocean Bounty upper 90's Woodside to demobe rig to Darwin in mid 80's ending early January 2002 ---------------------------------------------------------------------------------------------- Ocean Guardian lower 70's available ---------------------------------------------------------------------------------------------- Ocean Princess upper 60's three month option plus option with Talisman in upper 70's ending early March 2002. ---------------------------------------------------------------------------------------------- Ocean Whittington lower 60's available ---------------------------------------------------------------------------------------------- Ocean Epoch lower 60's five wells plus options with BP in Vietnam in lower 60's ending early March 2002, rate change after 3/1/02 to lower 70's ending early May 2002. ---------------------------------------------------------------------------------------------- Ocean General mid 90's available ---------------------------------------------------------------------------------------------- Ocean Prospector - - ---------------------------------------------------------------------------------------------- Ocean Endeavor lower 40's available ---------------------------------------------------------------------------------------------- Ocean Concord mid 40's available ---------------------------------------------------------------------------------------------- Ocean Lexington upper 40's available ---------------------------------------------------------------------------------------------- Ocean Saratoga mid 50's available ---------------------------------------------------------------------------------------------- Ocean Yorktown lower 60's available ---------------------------------------------------------------------------------------------- Ocean Voyager mid 40's available ---------------------------------------------------------------------------------------------- Ocean Yatzy 120's available ---------------------------------------------------------------------------------------------- Ocean Worker 120's available ---------------------------------------------------------------------------------------------- 2 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION ---------------------------------------------------------------------------------------------- Ocean Quest lower 90's one well with Kerr McGee in lower 80's ending late November 2001 ---------------------------------------------------------------------------------------------- Ocean Winner lower 80's available ---------------------------------------------------------------------------------------------- Ocean Star 100's two wells plus option with Kerr McGee in 120's ending early December 2001. ---------------------------------------------------------------------------------------------- Ocean Victory 110's three month extension with BP in 120's ending mid January 2002. ---------------------------------------------------------------------------------------------- Ocean America 110's available ---------------------------------------------------------------------------------------------- Ocean Valiant 120's available ---------------------------------------------------------------------------------------------- Ocean Alliance 110's downtime for repairs from early September 2001 through mid October 2001. ---------------------------------------------------------------------------------------------- Ocean Baroness - LOI for two wells plus options with Murphy in 170's ending mid August 2002. ---------------------------------------------------------------------------------------------- Ocean Rover - available ---------------------------------------------------------------------------------------------- Ocean Confidence 170's available ---------------------------------------------------------------------------------------------- Ocean Clipper lower 90's available ----------------------------------------------------------------------------------------------
NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico 3