-----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, Nb0ioMtBuepbTAljcgMIqFbhE3s75ksahrjicvJ3Zsm9FozlyIXoP5Y1T4USMxrm nQWfb57Paay2qDwPCaNtbw== 0000909518-02-000715.txt : 20021001 0000909518-02-000715.hdr.sgml : 20021001 20021001143205 ACCESSION NUMBER: 0000909518-02-000715 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020930 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20021001 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: 02778216 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 mv10-1_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 1, 2002 ----------------------------------------------------------------- Date of earliest event reported: SEPTEMBER 30, 2002 ------------------------------------------------ DIAMOND OFFSHORE DRILLING, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) DELAWARE 1-13926 76-0321760 - -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 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 September 30, 2002 ITEM 9. REGULATION FD DISCLOSURE The Registrant hereby incorporates by reference into this Item 9 the summary report of the status, as of September 30, 2002, 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 1, 2002 3 EXHIBIT INDEX Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of September 30, 2002 4 EX-99 3 mv101_ex99-1.txt Exhibit 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF SEPTEMBER 30, 2002
RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ---------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted Walter Oil & Gas - ---------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted ChevronTexaco - ---------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Cold Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg Cantilever GOM Contracted Spinnaker - ---------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Cantilever Indonesia Contracted CNOOC - ---------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Cantilever Singapore Shipyard for water-depth - upgrade - ---------------------------------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg Cantilever GOM Shipyard for water-depth - upgrade - ---------------------------------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg Cantilever GOM Shipyard for water-depth - upgrade - ---------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg Cantilever GOM Contracted BP - ---------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg Cantilever GOM Contracted Pogo Producing - ---------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg Cantilever GOM Contracted EOG Resources - ---------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg Cantilever GOM Contracted BP - ---------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Contracted Walter Oil & Gas - ---------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg Slot GOM Shipyard for cantilever - upgrade - ---------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 S. Africa Under tow - - ---------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted El Paso - ---------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted Santos - ---------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco North Sea Contracted Shell 711 Series - ---------------------------------------------------------------------------------------------------------------- 1 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ---------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman - ---------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Ghana Idle - - ---------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut Vietnam Contracted BP - ---------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Vietnam Contracted PetroVietnam - ---------------------------------------------------------------------------------------------------------------- Ocean Prospector 1,700' Victory Class GOM Cold Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class GOM Cold Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Concord 2,200' F&G SS-2000 GOM Contracted - - ---------------------------------------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Contracted LLOG - ---------------------------------------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted Taylor Energy - ---------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Enterprise - ---------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Cold Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras - ---------------------------------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced Pacesetter GOM Contracted Amerada Hess - ---------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Shipyard for special survey - - ---------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras - ---------------------------------------------------------------------------------------------------------------- Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras - ---------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted Kerr McGee - ---------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Shipyard for special survey - - ---------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Murphy - ---------------------------------------------------------------------------------------------------------------- 2 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ---------------------------------------------------------------------------------------------------------------- Ocean Baroness 7,000' Victory Class Malaysia Contracted Murphy - ---------------------------------------------------------------------------------------------------------------- Ocean Rover 7,000' Victory Class Singapore Shipyard 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 one well late September 2002 late October 2002 - ------------------------------------------------------------------------------------------------ Ocean Drake one well plus option mid September 2002 mid October 2002 - ------------------------------------------------------------------------------------------------ Ocean Champion - early August 2001 - - ------------------------------------------------------------------------------------------------ Ocean Columbia one well plus option mid September 2002 late October 2002 - ------------------------------------------------------------------------------------------------ Ocean Sovereign two-year term mid September 2000 mid October 2002 - ------------------------------------------------------------------------------------------------ Ocean Heritage - late June 2002 mid December 2002 - ------------------------------------------------------------------------------------------------ Ocean Spartan - early April 2002 early October 2002 - ------------------------------------------------------------------------------------------------ Ocean Spur - mid April 2002 mid November 2002 - ------------------------------------------------------------------------------------------------ Ocean King 90-day extension plus early August 2002 mid December 2002 option - ------------------------------------------------------------------------------------------------ Ocean Nugget second of three wells plus late July 2002 late November 2002 option - ------------------------------------------------------------------------------------------------ Ocean Summit one well plus option early September 2002 late October 2002 - ------------------------------------------------------------------------------------------------ Ocean Warwick one year early January 2002 late December 2002 - ------------------------------------------------------------------------------------------------ Ocean Titan one well early August 2002 early October 2002 - ------------------------------------------------------------------------------------------------ Ocean Tower - mid August 2002 mid February 2003 - ------------------------------------------------------------------------------------------------ Ocean Liberator - late September 2002 early November 2002 - ------------------------------------------------------------------------------------------------ Ocean Century - 1998 - - ------------------------------------------------------------------------------------------------ Ocean Ambassador one well plus option mid August 2002 mid October 2002 - ------------------------------------------------------------------------------------------------ Ocean Nomad - mid August 2002 mid October 2002 - ------------------------------------------------------------------------------------------------ Ocean New Era - late October 2001 - - ------------------------------------------------------------------------------------------------ Ocean Bounty one well plus option plus mid September 2002 mid October 2002 demobe - ------------------------------------------------------------------------------------------------ Ocean Guardian five wells plus option early February 2002 early December 2002 - ------------------------------------------------------------------------------------------------ 1 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------ Ocean Princess two wells mid March 2002 early October 2002 - ------------------------------------------------------------------------------------------------ Ocean Whittington - late September 2002 - - ------------------------------------------------------------------------------------------------ Ocean Epoch five wells plus demobe early December 2001 mid November 2002 - ------------------------------------------------------------------------------------------------ Ocean General two well program plus mid May 2002 late November 2002 options plus demobe - ------------------------------------------------------------------------------------------------ Ocean Prospector - 1998 - - ------------------------------------------------------------------------------------------------ Ocean Endeavor - early March 2002 - - ------------------------------------------------------------------------------------------------ Ocean Concord - early September 2002 early October 2002 - ------------------------------------------------------------------------------------------------ Ocean Lexington one well mid September 2002 early October 2002 - ------------------------------------------------------------------------------------------------ Ocean Saratoga one well plus option early September 2002 mid October 2002 - ------------------------------------------------------------------------------------------------ Ocean Yorktown 15-well development plus mid September 2001 late July 2003 options - ------------------------------------------------------------------------------------------------ Ocean Voyager - early March 2002 - - ------------------------------------------------------------------------------------------------ Ocean Yatzy five-year term plus early November 1998 early November 2003 option - ------------------------------------------------------------------------------------------------ Ocean Worker one well plus option mid September 2002 early November 2002 - ------------------------------------------------------------------------------------------------ Ocean Quest - late August 2002 early October 2002 - ------------------------------------------------------------------------------------------------ Ocean Winner 18-month extension early July 2001 early November 2002 - ------------------------------------------------------------------------------------------------ Ocean Alliance four-year contract early September 2000 early September 2004 - ------------------------------------------------------------------------------------------------ Ocean Star two wells mid September 2002 mid November 2002 - ------------------------------------------------------------------------------------------------ Ocean Victory - mid August 2002 early October 2002 - ------------------------------------------------------------------------------------------------ Ocean America - mid August 2002 early October 2002 - ------------------------------------------------------------------------------------------------ Ocean Valiant seven month term plus early September 2002 early May 2003. option - ------------------------------------------------------------------------------------------------ 2 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------ Ocean Baroness fourth well early August 2002 early October 2002 - ------------------------------------------------------------------------------------------------ Ocean Rover - early January 2002 third 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 high teens two wells with Walter in the lower 20's ending early December 2002. - -------------------------------------------------------------------------------------------- Ocean Drake lower 20's available. - -------------------------------------------------------------------------------------------- Ocean Champion - - - -------------------------------------------------------------------------------------------- Ocean Columbia lower 20's available. - -------------------------------------------------------------------------------------------- Ocean Sovereign lower 30's Singapore shipyard for leg upgrade ending early February 2003. - -------------------------------------------------------------------------------------------- Ocean Heritage - available. - -------------------------------------------------------------------------------------------- Ocean Spartan - available. - -------------------------------------------------------------------------------------------- Ocean Spur - available. - -------------------------------------------------------------------------------------------- Ocean King upper 20's Repairs should be completed in early October with total downtime of approximately 4 weeks. - -------------------------------------------------------------------------------------------- Ocean Nugget upper teens available. - -------------------------------------------------------------------------------------------- Ocean Summit upper 20's available. - -------------------------------------------------------------------------------------------- Ocean Warwick upper 20's available. - -------------------------------------------------------------------------------------------- Ocean Titan lower 20's one well plus option with Walter in lower 20's ending early January 2003. - -------------------------------------------------------------------------------------------- Ocean Tower - available. - -------------------------------------------------------------------------------------------- Ocean Liberator - under tow to S. Africa for cold stacking. - -------------------------------------------------------------------------------------------- Ocean Century - - - -------------------------------------------------------------------------------------------- Ocean Ambassador lower 40's available. - -------------------------------------------------------------------------------------------- Ocean Nomad - one-well with Agip in lower 40's ending early December 2002. - -------------------------------------------------------------------------------------------- Ocean New Era - available. - -------------------------------------------------------------------------------------------- Ocean Bounty lower 90's demobe to Darwin in lower 70's for 30 days after completion of well. - -------------------------------------------------------------------------------------------- Ocean Guardian lower 90's special survey upon completion of contract ending late December 2002, then available. - -------------------------------------------------------------------------------------------- 1 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - -------------------------------------------------------------------------------------------- Ocean Princess lower 70's shipyard upon completion of contract for anchor winch repairs ending late October 2002, then available. - -------------------------------------------------------------------------------------------- Ocean Whittington - available. - -------------------------------------------------------------------------------------------- Ocean Epoch lower 70's available. - -------------------------------------------------------------------------------------------- Ocean General mid 60's available. - -------------------------------------------------------------------------------------------- Ocean Prospector - - - -------------------------------------------------------------------------------------------- Ocean Endeavor - - - -------------------------------------------------------------------------------------------- Ocean Concord - one-well plus option with DOTS/Mariner in upper 30's ending late October 2002. - -------------------------------------------------------------------------------------------- Ocean Lexington mid 30's available. - -------------------------------------------------------------------------------------------- Ocean Saratoga mid 30's available. - -------------------------------------------------------------------------------------------- Ocean Yorktown lower 60's available. - -------------------------------------------------------------------------------------------- Ocean Voyager - - - -------------------------------------------------------------------------------------------- Ocean Yatzy 120's available. - -------------------------------------------------------------------------------------------- Ocean Worker lower 40's available. - -------------------------------------------------------------------------------------------- Ocean Quest - available. - -------------------------------------------------------------------------------------------- Ocean Winner lower 80's one year extension in lower 60's with Petrobras ending early November 2003. - -------------------------------------------------------------------------------------------- Ocean Alliance 110's available. - -------------------------------------------------------------------------------------------- Ocean Star upper 80's nine month term work with Kerr McGee in mid 80's ending mid August 2003. - -------------------------------------------------------------------------------------------- Ocean Victory - available. - -------------------------------------------------------------------------------------------- Ocean America - one well plus option with Ocean Energy in upper 60's ending mid January 2003. - -------------------------------------------------------------------------------------------- Ocean Valiant lower 80's available. - -------------------------------------------------------------------------------------------- 2 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - -------------------------------------------------------------------------------------------- Ocean Baroness 120's fifth well with Murphy in 120's ending late November 2002, then demobe with Murphy in 170's ending late December 2002. - -------------------------------------------------------------------------------------------- Ocean Rover - available. - -------------------------------------------------------------------------------------------- Ocean Confidence 170's available. - -------------------------------------------------------------------------------------------- Ocean Clipper lower 90's shipyard for 30 days beginning early October 2002; one year extension in 100's with Petrobras ending early January 2004. - --------------------------------------------------------------------------------------------
NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico 3 ** TABLE COMPLETE ** -----END PRIVACY-ENHANCED MESSAGE-----