-----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, MsOwBJMExuIge1u98SZcxD1jKIMn7T4d2ifBblY9uaa0Ht+gHnQknRM8R4Cc91Yc PEYt0swFWUVyeFCW33jpSw== 0000909518-03-000857.txt : 20031112 0000909518-03-000857.hdr.sgml : 20031111 20031112095348 ACCESSION NUMBER: 0000909518-03-000857 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031111 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20031112 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: 03991149 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 jd11-11_8k.txt UNITED STATES 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 (Date of earliest event reported): NOVEMBER 11, 2003 ---------------------------- DIAMOND OFFSHORE DRILLING, INC. (Exact Name of Registrant as Specified in Charter) DELAWARE 1-13926 76-0321760 - -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 15415 KATY FREEWAY HOUSTON, TEXAS 77094 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices and 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 November 11, 2003 ITEM 9. REGULATION FD DISCLOSURE ------------------------ The Registrant hereby incorporates by reference into this Item 9 the summary report of the status, as of November 11, 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 and other documents 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: November 11, 2003 3 EXHIBIT INDEX Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of November 11, 2003 4 EX-99 3 jd11-11_rigs.txt 99.1 EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF NOVEMBER 11, 2003
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ------------------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted Amerada Hess - ------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted Kerr McGee - ------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Idle DODI - ------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Amerada Hess - ------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Idle DODI - ------------------------------------------------------------------------------------------------------------- Ocean Confidence 7,500' DP Aker H-3.2 GOM Contracted BP Modified - ------------------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - ------------------------------------------------------------------------------------------------------------- Ocean Concord 2,200' F&G SS-2000 GOM Idle DODI - ------------------------------------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Walter Oil & Gas - ------------------------------------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted LLOG - ------------------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted Stone Energy - ------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted Chevron/Texaco - ------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg GOM Contracted ADTI/Tana Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg GOM Contracted Stone Energy Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg GOM Contracted Entre/Howard Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg GOM Contracted BP America Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg GOM Contracted Taylor Energy Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg GOM Contracted El Paso Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg GOM Contracted Murphy Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Shipyard for cantilever DODI upgrade - ------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg GOM Contracted Denbury Cantilever - ------------------------------------------------------------------------------------------------------------- 1 - ------------------------------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (17) - ------------------------------------------------------------------------------------------------------------- MEXICO - ------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted PEMEX - ------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 GOM Contracted PEMEX - ------------------------------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced GOM Contracted PEMEX Pacesetter - ------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 GOM Contracted PEMEX - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- AFRICA - ------------------------------------------------------------------------------------------------------------- Ocean Patriot 1,500' Bingo 3000 South Africa Contracted Forest Oil - ------------------------------------------------------------------------------------------------------------- NORTH SEA - ------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Idle DODI - ------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright North Sea Contracted Shell Sedco 711 Series - ------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman - ------------------------------------------------------------------------------------------------------------- Ocean Vanguard 1,500' Bingo 3000 North Sea Idle DODI - ------------------------------------------------------------------------------------------------------------- AUSTRALASIA - ------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted Inpex - ------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut Australia Contracted Santos - ------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Vietnam Contracted P.V.E&P - ------------------------------------------------------------------------------------------------------------- Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal - ------------------------------------------------------------------------------------------------------------- Ocean Rover 7,000' Victory Class Singapore Contracted Murphy - ------------------------------------------------------------------------------------------------------------- 2 BRAZIL - ------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras - ------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras . - ------------------------------------------------------------------------------------------------------------- Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras - ------------------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------------------------------- Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras - ------------------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Indonesia Idle DODI Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Indonesia Idle DODI Cantilever - ------------------------------------------------------------------------------------------------------------- COLD STACKED (5) - ------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 S. Africa Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------- ASSETS REMOVED FROM SERVICE & HELD FOR SALE** (2) - ------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------- Ocean Prospector 1,700' Victory Class GOM Cold Stacked DODI - -------------------------------------------------------------------------------------------------------------
NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME. **TO BE USED FOR NON DRILLING PURPOSES. GOM = Gulf of Mexico ** TABLE CONTINUED ** 3 EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF NOVEMBER 11, 2003
RIG NAME CURRENT TERM DAYRATE (000S) START DATE - ---------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ---------------------------------------------------------------------------------- Ocean Quest first of two wells plus low 40s mid Nov. 2003 option - ---------------------------------------------------------------------------------- Ocean Star first of two wells plus mid 70's late Oct. 2003 option - ---------------------------------------------------------------------------------- Ocean America - - - - ---------------------------------------------------------------------------------- Ocean Valiant one well plus option mid 50's late Sept. 2003 - ---------------------------------------------------------------------------------- Ocean Victory - - - - ---------------------------------------------------------------------------------- Ocean Confidence five-year term 170's early Jan. 2001 - ---------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - ---------------------------------------------------------------------------------- Ocean Concord - - - - ---------------------------------------------------------------------------------- Ocean Lexington second of two wells low 40's late Aug. 2003 plus option - ---------------------------------------------------------------------------------- Ocean Saratoga one well plus options low 40's early Nov. 2003 - ---------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ---------------------------------------------------------------------------------- Ocean Crusader one well plus option mid 20's mid Oct. 2003 - ---------------------------------------------------------------------------------- Ocean Drake 90 day term plus option mid 20's mid Oct. 2003 - ---------------------------------------------------------------------------------- Ocean Columbia one well mid 20's mid Aug. 2003 - ---------------------------------------------------------------------------------- Ocean Spartan one well mid 20's late July 2003 - ---------------------------------------------------------------------------------- Ocean Spur third of three wells upper 20's late Aug. 2003 - ---------------------------------------------------------------------------------- Ocean King multiple wells low 30's early April 2003 - ---------------------------------------------------------------------------------- Ocean Nugget first of three wells mid 20's mid Sept. 2003 - ---------------------------------------------------------------------------------- Ocean Summit third of three wells plus upper 20's late Aug. 2003 option - ---------------------------------------------------------------------------------- Ocean Warwick one well plus option upper 20's late Sept. 2003 - ---------------------------------------------------------------------------------- Ocean Titan - - - - ---------------------------------------------------------------------------------- Ocean Tower third of four wells plus mid 30's late Aug. 2003 option - ---------------------------------------------------------------------------------- 1 - ---------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (17) - ---------------------------------------------------------------------------------- MEXICO - ---------------------------------------------------------------------------------- Ocean Ambassador four year term work mid 50's late July 2003 - ---------------------------------------------------------------------------------- Ocean Whittington four year term work low 60's late July 2003 - ---------------------------------------------------------------------------------- Ocean Worker four year term work upper 60's mid Aug. 2003 - ---------------------------------------------------------------------------------- Ocean Yorktown four year term work mid 40's late Oct. 2003 - ---------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------- AFRICA - ---------------------------------------------------------------------------------- Ocean Patriot 100 days plus option mid 50's mid Sept. 2003 - ---------------------------------------------------------------------------------- NORTH SEA - ---------------------------------------------------------------------------------- Ocean Nomad - - - - ---------------------------------------------------------------------------------- Ocean Guardian one year plus one year low 50's early April 2003 option - ---------------------------------------------------------------------------------- Ocean Princess second well low 40's late May 2003 - ---------------------------------------------------------------------------------- Ocean Vanguard _ _ _ - ---------------------------------------------------------------------------------- AUSTRALASIA - ---------------------------------------------------------------------------------- Ocean Bounty second of three wells low 70's mid June 2003 plus option for two - ---------------------------------------------------------------------------------- Ocean Epoch one well plus option low 60's mid September 2003 - ---------------------------------------------------------------------------------- Ocean General standby mid teens mid Oct. 2003 - ---------------------------------------------------------------------------------- Ocean Baroness 400 days plus option 110's late March 2003 - ---------------------------------------------------------------------------------- Ocean Rover Three wells plus option 110s mid July 2003 - ---------------------------------------------------------------------------------- 2 BRAZIL - ---------------------------------------------------------------------------------- Ocean Yatzy five-year term plus option 120's early Nov. 1998 - ---------------------------------------------------------------------------------- Ocean Winner one year extension low 60's early Nov. 2002 - ---------------------------------------------------------------------------------- Ocean Alliance four-year contract 110's early Sept. 2000 - ---------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ---------------------------------------------------------------------------------- Ocean Clipper one-year extension 100's mid Feb. 2003 - ---------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ---------------------------------------------------------------------------------- Ocean Sovereign - - - - ---------------------------------------------------------------------------------- Ocean Heritage - - - - ---------------------------------------------------------------------------------- COLD STACKED (5) - ---------------------------------------------------------------------------------- Ocean Liberator - - - - ---------------------------------------------------------------------------------- Ocean Champion - - - - ---------------------------------------------------------------------------------- Ocean Endeavor - - - - ---------------------------------------------------------------------------------- Ocean Voyager - - - - ---------------------------------------------------------------------------------- Ocean New Era - - - - ---------------------------------------------------------------------------------- ASSETS REMOVED FROM SERVICE & HELD FOR SALE ** (2) - ---------------------------------------------------------------------------------- Ocean Century - - - - ---------------------------------------------------------------------------------- Ocean Prospector - - - - ----------------------------------------------------------------------------------
NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME. **TO BE USED FOR NON DRILLING PURPOSES. GOM = Gulf of Mexico ** TABLE CONTINUED ** 3 EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF NOVEMBER 11, 2003
RIG NAME EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - --------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - --------------------------------------------------------------------------------------------------- Ocean Quest mid Dec. 2003 available, actively marketing - --------------------------------------------------------------------------------------------------- Ocean Star late Dec. 2003 available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean America - available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Valiant late Dec. 2003 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Victory - available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Confidence early Jan. 2006 available; actively marketing. - --------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - --------------------------------------------------------------------------------------------------- Ocean Concord - One well with Kerr McGee in mid 40s beginning mid Nov. 2003 and ending early Jan. 2004, waiting on permit; available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Lexington late Nov. 2003 Two wells plus option with Walter in high 30's beginning late Nov. 2003 and ending mid Jan. 2004; available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Saratoga early Dec. 2003 available, actively marketing. - --------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - --------------------------------------------------------------------------------------------------- Ocean Crusader mid Nov. 2003 available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Drake early Jan. 2004 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Columbia mid Nov. 2003 One well with ADTI/Seneca in upper 20's beginning mid Nov. and ending late Nov. 2003; available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Spartan mid Nov. 2003 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Spur late Nov. 2003 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean King late Nov. 2003 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Nugget late May 2004 Two wells in mid 20's and third well in low 30's; followed by six month extension + option in low 30's ending late May 2004; available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Summit late Nov. 2003 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Warwick late Dec. 2003 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Titan - Cantilever upgrade ending mid Dec. 2003; available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Tower early Feb. 2004 available; actively marketing. - --------------------------------------------------------------------------------------------------- 1 - --------------------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (17) - --------------------------------------------------------------------------------------------------- MEXICO - --------------------------------------------------------------------------------------------------- Ocean Ambassador mid Dec. 2007 available. - --------------------------------------------------------------------------------------------------- Ocean Whittington early Oct. 2006 available. - --------------------------------------------------------------------------------------------------- Ocean Worker late July 2007 available. - --------------------------------------------------------------------------------------------------- Ocean Yorktown mid July 2007 available. - --------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------------------------------------- AFRICA - --------------------------------------------------------------------------------------------------- Ocean Patriot late Dec. 2003 available; actively marketing. - --------------------------------------------------------------------------------------------------- NORTH SEA - --------------------------------------------------------------------------------------------------- Ocean Nomad - Three wells plus option in West Africa with Premier/Vaalco in upper 40s beginning mid Jan. 2004 and ending late June 2004. - --------------------------------------------------------------------------------------------------- Ocean Guardian late March 2004 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Princess early Nov. 2003 First option declared plus option with Talisman in low 40s beginning early Nov. 2003 and ending late Jan. 2004; available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Vanguard _ available; actively marketing. - --------------------------------------------------------------------------------------------------- AUSTRALASIA - --------------------------------------------------------------------------------------------------- Ocean Bounty late Feb. 2004 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Epoch mid Dec. 2003 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean General mid Nov. 2003 One well plus one well and five completion option wells with P.V.E&P in mid 50's beginning mid Nov. 2003 and ending late Jan. 2004; available, actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Baroness early May 2004 available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Rover late Dec. 2003 First option well exercised in 110s beginning late Dec. 2003 and ending late Jan. 2004, available; actively marketing. - --------------------------------------------------------------------------------------------------- 2 BRAZIL - --------------------------------------------------------------------------------------------------- Ocean Yatzy early Nov. 2003 Nov. 5, 2003 end of primary term; end of well expected late Dec. 2003, followed by scheduled 30 day survey. available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Winner late Feb. 2004 Scheduled for survey in 1st Qtr. '04. Estimated downtime 60 days. - --------------------------------------------------------------------------------------------------- Ocean Alliance early Sept. 2004 Scheduled for survey in 1st Qtr. '04 Estimated downtime 60 days. - --------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - --------------------------------------------------------------------------------------------------- Ocean Clipper early Jan. 2004 available; actively marketing. - --------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - --------------------------------------------------------------------------------------------------- Ocean Sovereign - available; actively marketing. - --------------------------------------------------------------------------------------------------- Ocean Heritage - available; actively marketing. - --------------------------------------------------------------------------------------------------- COLD STACKED (5) - --------------------------------------------------------------------------------------------------- Ocean Liberator - Cold stacked Nov. '02. - --------------------------------------------------------------------------------------------------- Ocean Champion - Cold Stacked Feb. '02. - --------------------------------------------------------------------------------------------------- Ocean Endeavor - Cold stacked March '02. - --------------------------------------------------------------------------------------------------- Ocean Voyager - Cold stacked March '02. - --------------------------------------------------------------------------------------------------- Ocean New Era - Cold stacked Dec. '02. - --------------------------------------------------------------------------------------------------- ASSETS REMOVED FROM SERVICES & HELD FOR SALE** (2) - --------------------------------------------------------------------------------------------------- Ocean Century - Cold stacked July '98. - --------------------------------------------------------------------------------------------------- Ocean Prospector - Cold stacked Oct. '98. - ---------------------------------------------------------------------------------------------------
NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME. **TO BE USED FOR NON DRILLING PURPOSES. GOM = Gulf of Mexico ** TABLE COMPLETE ** 3 -----END PRIVACY-ENHANCED MESSAGE-----