-----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, Mn1sOGJUWA2yOOPBErwMDNRatzP5xP27K7TIyUmHFI6tDWWy3/MaxKy+E+oOcREK DgoZBZHK9AdliHRAPE/V0w== 0000909518-04-000258.txt : 20040316 0000909518-04-000258.hdr.sgml : 20040316 20040316093539 ACCESSION NUMBER: 0000909518-04-000258 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040316 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040316 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: 04671265 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 jd3-15_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): MARCH 16, 2004 ---------------------------- 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 March 16, 2004 ITEM 9. REGULATION FD DISCLOSURE ------------------------ The Registrant hereby incorporates by reference into this Item 9 the summary report of the status, as of March 16, 2004, 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: March 16, 2004 3 EXHIBIT INDEX Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of March 16, 2004 4 EX-99 3 jd3-15_rigs.txt 99.1 EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF MARCH 16, 2004
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ------------------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Idle DODI - ------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Idle DODI - ------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Idle DODI - ------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted ENI - ------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Contracted Chevron/Texaco - ------------------------------------------------------------------------------------------------------------- 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 ADTI/CMI - ------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg GOM Idle DODI Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg GOM Contracted LLOG Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg GOM Contracted Forest Oil 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 Chevron/Texaco Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg GOM Contracted Petroquest Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg GOM Contracted Chevron/Texaco Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg GOM Contracted SDC/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 Nomad 1,200' Aker H-3 Mobe to Contracted Premier Guinea Bissau - ------------------------------------------------------------------------------------------------------------- Ocean Patriot 1,500' Bingo 3000 South Africa Idle DODI - ------------------------------------------------------------------------------------------------------------- NORTH SEA - ------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco North Sea Contracted Shell 711 Series - ------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman - ------------------------------------------------------------------------------------------------------------- Ocean Vanguard 1,500' Bingo 3000 North Sea Idle DODI - ------------------------------------------------------------------------------------------------------------- AUSTRALASIA - ------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted NZOP - ------------------------------------------------------------------------------------------------------------- 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 Contracted Santos Cantilever - ------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Mobe to Ecuador Contracted Noble Energy 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 - -------------------------------------------------------------------------------------------------------------
NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME. GOM = Gulf of Mexico ** TABLE CONTINUED ** 3
RIG NAME CURRENT TERM DAYRATE (000S) START DATE - -------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - -------------------------------------------------------------------------------- Ocean Quest - - - - -------------------------------------------------------------------------------- Ocean Star - - - - -------------------------------------------------------------------------------- Ocean America - - - - -------------------------------------------------------------------------------- Ocean Valiant three wells plus option high 50's late Dec. 2003 - -------------------------------------------------------------------------------- Ocean Victory one well mid 60's mid March 2004 - -------------------------------------------------------------------------------- Ocean Confidence five-year term 170's early Jan. 2001 - -------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - -------------------------------------------------------------------------------- Ocean Concord - - - - -------------------------------------------------------------------------------- Ocean Lexington one well plus option low 40's early March 2004 - -------------------------------------------------------------------------------- Ocean Saratoga two wells plus option low 40's late Jan. 2004 - -------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - -------------------------------------------------------------------------------- Ocean Crusader one well plus option mid 20's late Dec. 2003 - -------------------------------------------------------------------------------- Ocean Drake two wells plus option high 20's late Feb. 2004 - -------------------------------------------------------------------------------- Ocean Columbia - - - - -------------------------------------------------------------------------------- Ocean Spartan one well high 20's late Nov. 2003 - -------------------------------------------------------------------------------- Ocean Spur two wells plus option low 30's late Jan. 2004 - -------------------------------------------------------------------------------- Ocean King one well plus option high 30's mid Jan. 2004 - -------------------------------------------------------------------------------- Ocean Nugget six month extension plus low 30's mid Jan. 2004 option - -------------------------------------------------------------------------------- Ocean Summit 60 day extension mid 30's early March 2004 - -------------------------------------------------------------------------------- Ocean Warwick one well mid 30's late Feb. 2004 - -------------------------------------------------------------------------------- Ocean Titan one well low 50's early March 2004 - -------------------------------------------------------------------------------- Ocean Tower one well plus option mid 40's mid Feb. 2004 - -------------------------------------------------------------------------------- 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 high 60's mid Aug. 2003 - -------------------------------------------------------------------------------- Ocean Yorktown four year term work mid 40's late Oct. 2003 - -------------------------------------------------------------------------------- AFRICA - -------------------------------------------------------------------------------- Ocean Nomad one well high 40's mid Feb. 2004 - -------------------------------------------------------------------------------- Ocean Patriot - - - - -------------------------------------------------------------------------------- NORTH SEA - -------------------------------------------------------------------------------- Ocean Guardian one year low 50's early April 2003 - -------------------------------------------------------------------------------- Ocean Princess first of two wells plus mid 40's mid Feb. 2004 option - -------------------------------------------------------------------------------- Ocean Vanguard _ _ _ - -------------------------------------------------------------------------------- AUSTRALASIA - -------------------------------------------------------------------------------- Ocean Bounty under tow to New Zealand mid 50's late Feb. 2004 - -------------------------------------------------------------------------------- Ocean Epoch Exeter/Mutineer mid 60's mid Jan. 2004 development plus option - -------------------------------------------------------------------------------- Ocean General one option well mid 50's late Jan. 2004 - -------------------------------------------------------------------------------- Ocean Baroness 400 days plus option 110's late March 2003 - -------------------------------------------------------------------------------- Ocean Rover third of four option wells 110s late Dec. 2003 - -------------------------------------------------------------------------------- 2 BRAZIL - -------------------------------------------------------------------------------- Ocean Yatzy end of primary term Nov. 5, mid 70's early Nov. 1998 2003, completing well - -------------------------------------------------------------------------------- Ocean Winner 700 day extension mid 50's early April 2004 - -------------------------------------------------------------------------------- Ocean Alliance four-year contract 110's early Sept. 2000 - -------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - -------------------------------------------------------------------------------- Ocean Clipper 700 day extension low 100's early Jan. 2003 - -------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - -------------------------------------------------------------------------------- Ocean Sovereign one well plus two options high 30's mid Nov. 2003 - -------------------------------------------------------------------------------- Ocean Heritage first of three wells plus 50's mid Feb. 2004 options - -------------------------------------------------------------------------------- COLD STACKED (5) - -------------------------------------------------------------------------------- Ocean Liberator - - - - -------------------------------------------------------------------------------- Ocean Champion - - - - -------------------------------------------------------------------------------- Ocean Endeavor - - - - -------------------------------------------------------------------------------- Ocean Voyager - - - - -------------------------------------------------------------------------------- Ocean New Era - - - - --------------------------------------------------------------------------------
NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME. GOM = Gulf of Mexico ** TABLE CONTINUED ** 3
RIG NAME EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ---------------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ---------------------------------------------------------------------------------------------------------- Ocean Quest - available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Star - available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean America - 90 day upgrade/survey ending late May 2004; available, actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Valiant early Aug. 2004 available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Victory mid June 2004 available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Confidence early Jan. 2006 available; actively marketing. - ---------------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENEERATION SEMISUBMERSIBLES (3) - ---------------------------------------------------------------------------------------------------------- Ocean Concord - special survey thru late March 2004, followed by one well plus option with Westport in high 30's beginning late March and ending mid May 2004, available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Lexington early April 2004 available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Saratoga mid May 2004 available, actively marketing. - ---------------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ---------------------------------------------------------------------------------------------------------- Ocean Crusader early April 2004 available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Drake late March 2004 one well plus option with ADTI/Kerr McGee in high 20's beginning late March and ending early May 2004, available, actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Columbia - spud can inspection/maintenance ending late March 2004, available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Spartan late March 2004 one well plus option with LLOG in low 30's beginning late March and ending late April 2004, available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Spur late March 2004 available, actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean King late March 2004 available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Nugget early June 2004 available, actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Summit early May 2004 available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Warwick mid April 2004 available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Titan late March 2004 available, actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Tower mid March 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 Nomad mid March 2004 Mobe to Gabon, then three wells plus option in Gabon with Vaalco/SASOL in high 40s beginning early April and ending early Aug. 2004; available, actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Patriot - available; actively marketing. - ---------------------------------------------------------------------------------------------------------- NORTH SEA - ---------------------------------------------------------------------------------------------------------- Ocean Guardian late March 2004 one year extension with Shell in high 40's beginning late March 2004 and ending late March 2005, available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Princess late July 2004 available, actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Vanguard _ one well with Talisman in mid 30's beginning early May in U.K. sector of North Sea, followed by optional intervention well at adjusted rate, followed by one well in low 60's and ending mid November 2004, available; actively marketing. - ---------------------------------------------------------------------------------------------------------- AUSTRALASIA - ---------------------------------------------------------------------------------------------------------- Ocean Bounty mid March 2004 Two wells plus two option wells with NZOP in low 70's beginning mid March 2004 and ending late May 2004; available, actiely marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Epoch mid Nov. 2004 available, actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean General mid April 2004 five completion options in mid 50's with P.V.E&P beginning mid April and ending late Aug. 2004, available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Baroness early May 2004 180 day option exercised in 110's with Unocal beginning early May and ending early Nov. 2004, available; actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Rover late April 2004 actively marketing. - ---------------------------------------------------------------------------------------------------------- 2 BRAZIL - ---------------------------------------------------------------------------------------------------------- Ocean Yatzy late March 2004 Scheduled for survey beginning late 1st Qtr. 2004. Estimated downtime 30 days; 700 day extension in mid 70's beginning in early Nov. 2003 and ending mid Oct. 2005; available. - ---------------------------------------------------------------------------------------------------------- Ocean Winner early March 2006 survey under way, estimated early April completion; available. - ---------------------------------------------------------------------------------------------------------- Ocean Alliance early Sept. 2004 survey under way, estimated late March completion; available. - ---------------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ---------------------------------------------------------------------------------------------------------- Ocean Clipper early March 2006 available. - ---------------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ---------------------------------------------------------------------------------------------------------- Ocean Sovereign late March 2004 Two wells plus two options with Amerada Hess in high 30's beginning late March 2004 and ending late May 2004; available, actively marketing. - ---------------------------------------------------------------------------------------------------------- Ocean Heritage late June 2004 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. - ----------------------------------------------------------------------------------------------------------
NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME. GOM = Gulf of Mexico ** TABLE COMPLETE ** 3 -----END PRIVACY-ENHANCED MESSAGE-----