-----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, FPqjtClf4tx5dAcEqazUj3yLLQosZg8TYOfdRkw0csSKY6iL2s4N1yMLts9QPm19 xAoEunqDTB1yuJA7J2CVYA== 0000909518-03-000010.txt : 20030114 0000909518-03-000010.hdr.sgml : 20030114 20030109130157 ACCESSION NUMBER: 0000909518-03-000010 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030106 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20030109 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: 03508843 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 mv1-8_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: JANUARY 9, 2003 ----------------------------------------------------------------- Date of earliest event reported: JANUARY 6, 2003 ------------------------------------------------ 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 January 6, 2003 ITEM 9. REGULATION FD DISCLOSURE ------------------------ The Registrant hereby incorporates by reference into this Item 9 the summary report of the status, as of January 6, 2003, 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: January 9, 2003 3 EXHIBIT INDEX Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of January 6, 2003 4 EX-99 3 mv1-8_rigs.txt Exhibit 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JANUARY 6, 2003
RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ---------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted ADTI/Westport Resources - ---------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted ChevronTexaco - ---------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Cold Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg Cantilever GOM Contracted El Paso - ---------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Cantilever Indonesia Contracted CNOOC - ---------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Cantilever Indonesia Contracted CNOOC - ---------------------------------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg Cantilever GOM Idle - - ---------------------------------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg Cantilever GOM Contracted Mariner - ---------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg Cantilever GOM Contracted BP America - ---------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg Cantilever GOM Contracted Pogo Producing - ---------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg Cantilever GOM Contracted ChevronTexaco - ---------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg Cantilever GOM Contracted BP America - ---------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Contracted Walter Oil & Gas - ---------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg Cantilever GOM Shipyard for cantilever - upgrade - ---------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 S. Africa Cold Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted Walter Oil & Gas - ---------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Contracted Agip - ---------------------------------------------------------------------------------------------------------------- 1 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ---------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Cold Stacked - - ---------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class New Zealand Contracted Conoco - ---------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright North Sea Shipyard - Sedco 711 Series - ---------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Shipyard - - ---------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Ghana Idle - - ---------------------------------------------------------------------------------------------------------------- Ocean Vanguard 1,500' Bingo 3000 North Sea Contracted Norsk Hydro - ---------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut Australia Enroute - - ---------------------------------------------------------------------------------------------------------------- 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 Energy Partners Ltd - ---------------------------------------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Kerr McGee - ---------------------------------------------------------------------------------------------------------------- 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 GOM Contracted Spinnaker Pacesetter - ---------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted Murphy - ---------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras - ---------------------------------------------------------------------------------------------------------------- 2 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ---------------------------------------------------------------------------------------------------------------- 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 Contracted Amerada Hess - ---------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Contracted Ocean Energy - ---------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Shipyard - - ---------------------------------------------------------------------------------------------------------------- Ocean Baroness 7,000' Victory Class Singapore Shipyard - - ---------------------------------------------------------------------------------------------------------------- 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 plus option early November 2002 mid January 2003 - ------------------------------------------------------------------------------------------------ Ocean Drake 12 months late August 2002 late August 2003 - ------------------------------------------------------------------------------------------------ Ocean Champion - early August 2001 - - ------------------------------------------------------------------------------------------------ Ocean Columbia one well late December 2002 mid January 2003 - ------------------------------------------------------------------------------------------------ Ocean Sovereign first three months of mid October 2002 mid January 2003 Ocean Heritage Contract - see Ocean Heritage below - ------------------------------------------------------------------------------------------------ Ocean Heritage 12 month term program, late December 2002 early September 2003 assumes last ten months after Ocean Sovereign has completed first two months - ------------------------------------------------------------------------------------------------ Ocean Spartan - late December 2002 - - ------------------------------------------------------------------------------------------------ Ocean Spur one well late November 2002 mid January 2003 - ------------------------------------------------------------------------------------------------ Ocean King 90-day extension plus early August 2002 mid January 2003 option - ------------------------------------------------------------------------------------------------ Ocean Nugget one well mid November 2002 early January 2003 - ------------------------------------------------------------------------------------------------ Ocean Summit first of three wells early January 2003 mid March 2003 - ------------------------------------------------------------------------------------------------ Ocean Warwick one year early January 2002 mid January 2003 - ------------------------------------------------------------------------------------------------ Ocean Titan one well early October 2002 mid February 2003 - ------------------------------------------------------------------------------------------------ Ocean Tower - mid August 2002 late March 2003 - ------------------------------------------------------------------------------------------------ Ocean Liberator - late November 2002 - - ------------------------------------------------------------------------------------------------ Ocean Century - 1998 - - ------------------------------------------------------------------------------------------------ Ocean Ambassador one well plus option mid December 2002 late January 2003 - ------------------------------------------------------------------------------------------------ Ocean Nomad one well plus two one mid October 2002 mid January 2003 well options - ------------------------------------------------------------------------------------------------ 1 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------ Ocean New Era - late October 2001 - - ------------------------------------------------------------------------------------------------ Ocean Bounty one well plus option late December 2002 early January 2003 - ------------------------------------------------------------------------------------------------ Ocean Guardian special survey early January 2003 late January 2003 - ------------------------------------------------------------------------------------------------ Ocean Princess compensator repairs early October 2002 mid April 2003 - ------------------------------------------------------------------------------------------------ Ocean Whittington - late September 2002 - - ------------------------------------------------------------------------------------------------ Ocean Vanguard Bareboat - one additional early January 2003 early February 2003 well plus options - ------------------------------------------------------------------------------------------------ Ocean Epoch hull repairs mid December 2002 mid January 2003 - ------------------------------------------------------------------------------------------------ Ocean General two well program plus mid May 2002 mid January 2003 options plus demobe - ------------------------------------------------------------------------------------------------ Ocean Prospector - 1998 - - ------------------------------------------------------------------------------------------------ Ocean Endeavor - early March 2002 - - ------------------------------------------------------------------------------------------------ Ocean Concord one well late November 2002 mid January 2003 - ------------------------------------------------------------------------------------------------ Ocean Lexington one well late December 2002 late January 2003 - ------------------------------------------------------------------------------------------------ Ocean Saratoga third of three wells early September 2002 early January 2003 - ------------------------------------------------------------------------------------------------ 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 November 2002 early January 2003 - ------------------------------------------------------------------------------------------------ Ocean Quest Swap to complete Valiant early January 2003 late June 2003 contract - ------------------------------------------------------------------------------------------------ Ocean Winner 18-month extension early July 2001 late December 2002 - ------------------------------------------------------------------------------------------------ 2 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------ Ocean Alliance four-year contract early September 2000 early September 2004 - ------------------------------------------------------------------------------------------------ Ocean Star two wells mid September 2002 early January 2003 - ------------------------------------------------------------------------------------------------ Ocean Victory one well plus option early December 2002 late January 2003 - ------------------------------------------------------------------------------------------------ Ocean America one well mid October 2002 late January 2003 - ------------------------------------------------------------------------------------------------ Ocean Valiant special survey early January 2003 mid March 2003 - ------------------------------------------------------------------------------------------------ Ocean Baroness repairs early December 2002 mid February 2003 - ------------------------------------------------------------------------------------------------ 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 one well plus option with Westport Resources in high teens ending mid February 2003. - ---------------------------------------------------------------------------------------------- Ocean Drake high teens available. - ---------------------------------------------------------------------------------------------- Ocean Champion - - - ---------------------------------------------------------------------------------------------- Ocean Columbia lower 20's available. - ---------------------------------------------------------------------------------------------- Ocean Sovereign upper 40's Singapore shipyard for leg upgrade ending late May 2003. - ---------------------------------------------------------------------------------------------- Ocean Heritage upper 40's available. - ---------------------------------------------------------------------------------------------- Ocean Spartan - available. - ---------------------------------------------------------------------------------------------- Ocean Spur mid 20's available. - ---------------------------------------------------------------------------------------------- Ocean King upper 20's available. - ---------------------------------------------------------------------------------------------- Ocean Nugget mid 20's available. - ---------------------------------------------------------------------------------------------- Ocean Summit mid 20's available. - ---------------------------------------------------------------------------------------------- Ocean Warwick upper 20's available. - ---------------------------------------------------------------------------------------------- Ocean Titan lower 20's one well with Ridgelake Energy in upper 20's ending early March 2003, followed by cantilever upgrade ending late August 2003. - ---------------------------------------------------------------------------------------------- Ocean Tower - two wells with Ridgelake Energy in upper 20's ending late May 2003. - ---------------------------------------------------------------------------------------------- Ocean Liberator - - - ---------------------------------------------------------------------------------------------- Ocean Century - - - ---------------------------------------------------------------------------------------------- Ocean Ambassador lower 40's available. - ---------------------------------------------------------------------------------------------- Ocean Nomad lower 40's first option well with Agip in lower 40's ending mid March 2003. - ---------------------------------------------------------------------------------------------- 1 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ---------------------------------------------------------------------------------------------- Ocean New Era - - - ---------------------------------------------------------------------------------------------- Ocean Bounty lower 70's one well with OMV in lower 80's ending late January 2003, followed by one well with Transworld in lower 80's ending late February 2003, followed by demobe to Darwin for special survey ending late May 2003, followed by three well program with Inpex in Australia in lower 70's ending mid November 2003. - ---------------------------------------------------------------------------------------------- Ocean Guardian - available. - ---------------------------------------------------------------------------------------------- Ocean Princess - available. - ---------------------------------------------------------------------------------------------- Ocean Whittington - available. - ---------------------------------------------------------------------------------------------- Ocean Vanguard lower 10's available. - ---------------------------------------------------------------------------------------------- Ocean Epoch - available. - ---------------------------------------------------------------------------------------------- Ocean General mid 60's first of two option wells in upper 50's ending early April 2003. - ---------------------------------------------------------------------------------------------- Ocean Prospector - - - ---------------------------------------------------------------------------------------------- Ocean Endeavor - - - ---------------------------------------------------------------------------------------------- Ocean Concord lower 40's available. - ---------------------------------------------------------------------------------------------- Ocean Lexington mid 40's available. - ---------------------------------------------------------------------------------------------- Ocean Saratoga lower 40's available. - ---------------------------------------------------------------------------------------------- Ocean Yorktown lower 60's available. - ---------------------------------------------------------------------------------------------- Ocean Voyager - - - ---------------------------------------------------------------------------------------------- Ocean Yatzy 120's available. - ---------------------------------------------------------------------------------------------- Ocean Worker lower 40's available. - ---------------------------------------------------------------------------------------------- Ocean Quest lower 80's available. - ---------------------------------------------------------------------------------------------- Ocean Winner lower 80's one year extension in lower 60's with Petrobras ending early November 2003. - ---------------------------------------------------------------------------------------------- 2 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ---------------------------------------------------------------------------------------------- Ocean Alliance 110's available. - ---------------------------------------------------------------------------------------------- Ocean Star upper 80's nine month term work with Kerr McGee in mid 80's ending early October 2003. - ---------------------------------------------------------------------------------------------- Ocean Victory mid 60's available. - ---------------------------------------------------------------------------------------------- Ocean America upper 60's second well with Ocean Energy in mid 70's ending mid March 2003. - ---------------------------------------------------------------------------------------------- Ocean Valiant - available. - ---------------------------------------------------------------------------------------------- Ocean Baroness - available. - ---------------------------------------------------------------------------------------------- Ocean Rover - available. - ---------------------------------------------------------------------------------------------- Ocean Confidence 170's available. - ---------------------------------------------------------------------------------------------- Ocean Clipper lower 90's 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-----