0000909518-01-500374.txt : 20011101
0000909518-01-500374.hdr.sgml : 20011101
ACCESSION NUMBER: 0000909518-01-500374
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011029
ITEM INFORMATION: Financial statements and exhibits
ITEM INFORMATION:
FILED AS OF DATE: 20011031
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: 1771578
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
a10-31_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 29, 2001
----------------------------------------------------------------
Date of earliest event reported: October 31, 2001
-----------------------------------------------
Diamond Offshore Drilling, Inc.
-------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 1-13926 76-0321760
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
15415 Katy Freeway, Houston, Texas 77094
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (281) 492-5300
---------------------------
Not Applicable
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(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 29, 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 29, 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/ William C. Long
----------------------------------------------
William C. Long
Vice President, General Counsel & Secretary
Dated: October 31, 2001
3
EXHIBIT INDEX
Exhibit number Description
-------------- -----------
99.1 Rig Status Report as of October 29, 2001
4
EX-99.1
3
a10-31ex99_1.txt
EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
OCTOBER 29, 2001
Rated
Water
Rig Name Depth Design Location Status
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Crusader 200' Mat Cantilever GOM Shipyard
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Drake 200' Mat Cantilever GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Champion 250' Mat Slot GOM Shipyard
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Columbia 250' Independent Leg Cantilever GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Spartan 250' Independent Leg Cantilever GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Spur 250' Independent Leg Cantilever GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Sovereign 250' Independent Leg Cantilever Indonesia Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Heritage 250' Independent Leg Cantilever Indonesia Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean King 300' Independent Leg Cantilever GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Nugget 300' Independent Leg Cantilever GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Summit 300' Independent Leg Cantilever GOM Shipyard
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Warwick 300' Independent Leg Cantilever GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Titan 350' Independent Leg Slot GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Tower 350' Independent Leg Slot GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
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
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Nomad 1,200' Aker H-3 North Sea Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean New Era 1,500' Korkut GOM Stacked
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Bounty 1,500' Victory Class Australia Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Guardian 1,500' Earl & Wright Sedco 711 Series North Sea Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Princess 1,500' Aker H-3 North Sea Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Whittington 1,500' Aker H-3 Brazil Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Epoch 1,640' Korkut China Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean General 1,640' Korkut Australia Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Prospector 1,700' Victory Class GOM Cold Stacked
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Endeavor 2,000' Victory Class GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Concord 2,200' F&G SS-2000 GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Lexington 2,200' F&G SS-2000 GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Voyager 3,200' Victory Class GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Worker 3,500' F&G 9500 Enhanced Pacesetter GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Quest 3,500' Victory Class GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Winner 3,500' Aker H-3 Brazil Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Alliance 5,000' Alliance Class Brazil Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Star 5,500' Victory Class GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Victory 5,500' Victory Class GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean America 5,500' Ocean Odyssey GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Valiant 5,500' Ocean Odyssey GOM Contracted
-----------------------------------------------------------------------------------------------------------------------------------
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
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted
-----------------------------------------------------------------------------------------------------------------------------------
Table Continued...
Rig Name Operator Current Term Start Date Estimated End Date
-------------------------------------------------------------------------------------------------------------------------------
Ocean Crusader - - mid September 2001 early December 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Drake Chevron 60-day extension plus option early October 2001 late November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Champion - - early August 2001 mid November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Columbia Murphy one well plus option early October 2001 early November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Spartan BP six month term late May 2001 late November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Spur BP 120-day extension plus option early October 2001 early February 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean Sovereign Maxus two-year term mid September 2000 mid October 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean Heritage Maxus one-year term late January 2001 late January 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean King BP one-well mid September 2001 late October 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Nugget Seneca three workovers plus options early October 2001 mid November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Summit - - mid June 2001 mid November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Warwick BP 90 day extension plus option early October 2001 early January 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean Titan Dominion one-well plus option late September 2001 early December 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Tower Spinnaker drill and complete one-well plus late October 2001 early January 2002
option
-------------------------------------------------------------------------------------------------------------------------------
Ocean Liberator - - - -
-------------------------------------------------------------------------------------------------------------------------------
Ocean Century - - - -
-------------------------------------------------------------------------------------------------------------------------------
Ocean Ambassador - - - -
-------------------------------------------------------------------------------------------------------------------------------
Ocean Nomad Shell one well late October 2001 mid November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean New Era - - - -
-------------------------------------------------------------------------------------------------------------------------------
Ocean Bounty Bass Strait one well mid October 2001 mid November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Guardian Shell nine months plus option mid May 2001 mid February 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean Princess Talisman three-month term early September 2001 early December 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Whittington Devon one well plus option mid October 2001 mid November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Epoch CACT second option well early August 2001 late November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean General OMV four wells plus one abandonment early October 2001 late January 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean Prospector - - - -
-------------------------------------------------------------------------------------------------------------------------------
Ocean Endeavor Walter second of two wells mid October 2001 late November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Concord Walter complete one well mid September 2001 early November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Lexington Murphy nine month term plus option early June 2001 early March 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean Saratoga Pogo Producing two wells mid August 2001 early December 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Yorktown Enterprise 15-well development mid September 2001 late August 2003
-------------------------------------------------------------------------------------------------------------------------------
Ocean Voyager Westport one well plus option mid September 2001 late October 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Yatzy Petrobras five-year term plus option early November 1998 early November 2003
-------------------------------------------------------------------------------------------------------------------------------
Ocean Worker Shell four-year term plus option mid January 1998 mid January 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean Quest BHP one well mid August 2001 early November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Winner Petrobras 18-month extension early July 2001 early November 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean Alliance Petrobras two-year term - DO early September 2000 early September 2002
exercised early
termination option for
third year
-------------------------------------------------------------------------------------------------------------------------------
Ocean Star Kerr McGee two wells plus option late October 2001 early December 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Victory BP three months plus option late October 2001 mid January 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean America Anadarko one well assignment from BP early April 2001 late November 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Valiant Amerada Hess 810 day term late April 2001 late December 2001
-------------------------------------------------------------------------------------------------------------------------------
Ocean Baroness - - - early March 2002
-------------------------------------------------------------------------------------------------------------------------------
Ocean Rover - - - Second Quarter 2003
-------------------------------------------------------------------------------------------------------------------------------
Ocean Confidence BP five-year term early January 2001 early January 2006
-------------------------------------------------------------------------------------------------------------------------------
Ocean Clipper Petrobras three-year term mid January 2000 early January 2003
-------------------------------------------------------------------------------------------------------------------------------
Table continued...
Rig Name Dayrate (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 shipyard for scheduled survey then available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Nugget lower 20's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Summit - available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Warwick upper 40's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Titan lower 50's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Tower lower 20's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Liberator - available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Century - -
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Ambassador - available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Nomad lower 70's two wells with Veba in lower 70's ending mid February 2002.
-----------------------------------------------------------------------------------------------------------------------------------
Ocean New Era - available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Bounty upper 90's Woodside to demobe rig to Freemantle in mid 80's ending early
December 2001
-----------------------------------------------------------------------------------------------------------------------------------
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 late May 2002.
-----------------------------------------------------------------------------------------------------------------------------------
Ocean General mid 90's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Prospector - -
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Endeavor lower 30's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Concord lower 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
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Quest lower 90's one well with Kerr McGee in lower 80's ending early December 2001
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Winner lower 80's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Alliance 110's downtime for repairs from early September 2001 through early November
2001. Loss of hire insurance includes 30-day deductible.
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Star 120's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Victory 120's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean America 110's available
-----------------------------------------------------------------------------------------------------------------------------------
Ocean Valiant 120's available
-----------------------------------------------------------------------------------------------------------------------------------
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