-----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, A5etpxERpaL2wCR4Z0yXSizsUsd08WRNenoeIl1tx8MHpmR7RUrrkWkGs29m/goF gcZ1TOJ5k26bb6nuwqeulw== 0000950129-04-009125.txt : 20041117 0000950129-04-009125.hdr.sgml : 20041117 20041117171714 ACCESSION NUMBER: 0000950129-04-009125 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041115 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041117 DATE AS OF CHANGE: 20041117 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: 041152945 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 h20362e8vk.txt DIAMOND OFFSHORE DRILLING, INC.- NOVEMBER 15, 2004 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 15, 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) Check the appropriate line below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ___ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ___ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ___ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ___ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) INFORMATION TO BE INCLUDED IN THE REPORT ITEM 7.01. REGULATION FD DISCLOSURE The Registrant hereby incorporates by reference into this Item 7.01 the summary report of the status, as of November 15, 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. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of November 15, 2004 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, 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 and Secretary Dated: November 17, 2004 3 EXHIBIT INDEX Exhibit number Description - -------------- ----------- 99.1 Rig Status Report as of November 15, 2004 4 EX-99.1 2 h20362exv99w1.txt RIG STATUS REPORT . . . DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF NOVEMBER 15, 2004
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ---- ------ ------------- -------- ---------- ---------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES(6) - ----------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted Noble Energy - ----------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted Kerr-McGee - ----------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Contracted Mariner - ----------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted ENI - ----------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Contracted W&T Offsshore - ----------------------------------------------------------------------------------- Ocean Confidence 7,500' DP Aker H- GOM Contracted BP 3.2 Modified - ----------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES(4) - ----------------------------------------------------------------------------------- Ocean Voyager 2,000' Victory Class GOM DODI -- - ----------------------------------------------------------------------------------- Ocean Concord 2,200' F&G SS-2000 GOM Contracted Kerr-McGee - ----------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Walter Oil & Gas - ----------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted LLOG - -----------------------------------------------------------------------------------
EST. RIG CURRENT DAYRATE START END NAME TERM (000S) DATE DATE FUTURE CONTRACT AND OTHER INFORMATION - ---- ------------------ --------- ---------------- --------------- -------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES(6) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Quest one well low 50's early Sept. 2004 late Nov. 2004 One well plus option with Pogo in mid 70's beginning late Nov. and ending early Jan. 2005; followed by LOI for one well in low 100's beginning early Jan. 2005 and ending early April 2005; followed by LOI for one well in high 110's beginning early April and ending early June 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Star fourth of four low 60's early June 2004 mid Nov. 2004 220 day extension with Kerr-McGee in high wells 70's beginning mid Nov. 2004 and ending late June 2005; followed by 90 day term extension plus option with Kerr-McGee in low 140's beginning late June 2005 and ending late Sept. 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean America one well extension mid 80's late Oct. 2004 mid Jan. 2005 One well extension plus option with Mariner in mid 110's beginning mid Jan. 2005 and ending mid Feb. 2005; followed by two wells plus option with Mariner in low 130's beginning mid Feb. and ending late May 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Valiant third of three high 50's late Dec. 2003 mid Dec. 2004 One well plus options with Kerr-McGee in mid wells plus option 80's beginning mid Dec. and ending early Feb. 2005; followed by one well with Kerr-McGee in high 90's beginning early Feb. 2005 and ending mid April 2005, followed by one well plus options with Kerr-McGee in low 130's beginning mid April and ending late July 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Victory two wells mid 70's mid Aug. 2004 late Jan. 2005 LOI for one well plus option in mid 90's beginnning late Jan. 2005 and ending late March 2005. LOI for two wells in low 130's beginning late March and ending mid July 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Confidence five-year term 170's early Jan. 2001 early Jan. 2006 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES(4) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Voyager -- -- -- -- Reactivating. One well with Murphy in low 70's beginning mid Dec. 2004 and ending early Feb. 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Concord one well plus mid 50's early Oct. 2004 late Dec. 2004 One well with ENI in mid 50's beginning late option Dec. 2004 and ending late Feb. 2005; followed by one well for Kerr-McGee in upper 50's beginning late Feb. and ending late Mar. 2005; followed by one well plus option with Kerr-McGee in mid 70's beginning late Mar. and ending late May 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Lexington one well high 40's early Sept. 2004 mid March 2005 Three well extension with Walter beginning in early Sept. and ending in mid Dec. 2004. Rate for first well in mid 40's, second and third wells in upper 40's. Three additional extension wells with Walter beginning in mid Dec. 2004 and ending mid March 2005. Rate for first and second wells in mid 50s with third well in low 60s. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Saratoga one well low 50's late Oct. 2004 late Nov. 2004 Three well extension with LLOG in mid 60's beginning late Nov. 2004 and ending mid April 2005. Available; actively marketing.
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF NOVEMBER 15, 2004
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ---- ---- --------------- -------- ---------- ------------------- DOMESTIC JACKUPS (12) - -------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted Walter Oil & Gas - -------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted Chevron/Texaco - -------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Contracted Millennium - -------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg GOM Contracted ADTI/Kerr-McGee Cantilever - -------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg GOM Contracted LLOG Cantilever - -------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg GOM Contracted Mariner Cantilever - -------------------------------------------------------------------------------------- Ocean King 300' Independent Leg GOM Contracted Houston Exploration Cantilever - -------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg GOM Contracted ADTI/Mission Cantilever - -------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg GOM Contracted LLOG Cantilever - -------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg GOM Shipyard DODI Cantilever - -------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg GOM Contracted Stone Energy Cantilever - -------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg GOM Contracted W&T Offshore Cantilever - --------------------------------------------------------------------------------------
EST. RIG CURRENT DAYRATE START END NAME TERM (000S) DATE DATE FUTURE CONTRACT AND OTHER INFORMATION - ---- ----------------------- --------- ---------------- --------------- -------------------------------------- DOMESTIC JACKUPS (12) - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Crusader second of two wells mid 30's early Nov. 2004 early Dec. 2004 Two well extension plus option with plus option Walter in high 30's beginning early Dec. 2004 and ending early Feb. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Drake 60 day term extension high 30's early Nov. 2004 early Jan. 2005 Available; actively marketing. plus option - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Champion one well mid 30's early Sept. 2004 late Nov. 2004 Two wells plus option with Energy Partners in mid 30's beginning late Nov. and late Jan. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Columbia one well plus option mid 30's mid Nov. 2004 mid Dec. 2004 Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Spartan two wells plus option high 30's early Sept. 2004 early Jan. 2005 One well extension with LLOG in mid 40's beginning early Jan. and ending early March 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Spur two wells high 30's early Sept. 2004 mid Dec. 2004 Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean King two wells mid 40s late Aug. 2004 mid Dec. 2004 Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Nugget one well plus option low 40's mid Nov. 2004 mid Dec. 2004 Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Summit three wells plus option high 30's early Sept. 2004 early Jan. 2005 Two wells with LLOG in mid 40's beginning early Jan. and ending mid Mar. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Warwick -- -- -- -- In shipyard for repair of damage due to Hurricane Ivan. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Titan one well plus option low 50's early Nov. 2004 mid Dec. 2004 One well plus options with BHP in mid 50's beginning mid Dec. 2004 and ending mid Apr. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Tower two wells mid 40's late Oct. 2004 mid Dec. 2004 One well plus option with ChevronTexaco in mid 50's beginning late Dec. 2004 and ending mid May 2005. Available; actively marketing. - -----------------------------------------------------------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF NOVEMBER 15, 2004
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ---- ------ ------------------- --------- ---------- ------------ INTERNATIONAL SEMISUBMERSIBLES (17) - -------------------------------------------------------------------------------------- MEXICO - -------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted PEMEX - -------------------------------------------------------------------------------------- Ocean 1,500' Aker H-3 GOM Contracted PEMEX Whittington - -------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced GOM Contracted PEMEX Pacesetter - -------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 GOM Contracted PEMEX - -------------------------------------------------------------------------------------- NORTH SEA - -------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea -- DODI - -------------------------------------------------------------------------------------- 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 Contracted ENI - -------------------------------------------------------------------------------------- AUSTRALASIA - -------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted OMV - -------------------------------------------------------------------------------------- Ocean Patriot 1,500' Bingo 3000 Australia Contracted Apache - -------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut Australia Contracted Santos - -------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Vietnam Contracted PVE&P - -------------------------------------------------------------------------------------- Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal - -------------------------------------------------------------------------------------- Ocean Rover 7,000' Victory Class Malaysia Contracted Amerada Hess - --------------------------------------------------------------------------------------
EST. RIG CURRENT DAYRATE START END NAME TERM (000S) DATE DATE FUTURE CONTRACT AND OTHER INFORMATION - ---- ----------------------- --------- ---------------- --------------- ------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (17) - ----------------------------------------------------------------------------------------------------------------------------------- MEXICO - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Ambassador four year term work mid 50's late July 2003 mid Dec. 2007 Available. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean four year term work low 60's late July 2003 early Oct. 2006 Available. Whittington - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Worker four year term work high 60's mid Aug. 2003 late July 2007 Available. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Yorktown four year term work mid 40's late Oct. 2003 mid July 2007 Available. - ----------------------------------------------------------------------------------------------------------------------------------- NORTH SEA - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Nomad -- -- -- -- One year program with Talisman in U.K. North Sea in low 80's beginning early Jan. 2005 and ending early Jan. 2006. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Guardian one year high 40's late March 2004 late March 2005 LOI for one year program in U.K. North Sea in low 80's beginning late Mar. 2005 and ending late Mar. 2006. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Princess three wells plus option low 60's early Oct. 2004 late Nov. 2004 One year extension in U.K. North Sea in low 80's beginning late Nov. 2004 and ending late Nov. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Vanguard one well low 140's early Oct. 2004 late Dec. 2005 LOI for one year program in Norway in low 140's beginning in late Dec. 2004 and ending in late Dec. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- AUSTRALASIA - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Bounty three wells mid 70's early Sept. 2004 mid Jan. 2005 LOI for one well plus option in mid 70's beginning in mid Jan. and ending in early Feb. 2005; followed by one well plus option with Hardman in low 80's beginning in early Feb. 2005 and ending late Feb. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Patriot two wells high 70's early Nov. 2004 mid Dec. 2004 Second of two wells with Bass Straits beginning mid Dec. 2004 and ending mid Jan. 2005. LOI for two wells beginning mid Jan. and ending mid Feb. Two wells plus option with Santos beginning mid Feb. and ending late April. LOI for one well plus three options beginning late April and ending early June 2005. All wells in high 70's. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Epoch Exeter/Mutineer mid 60's mid Jan. 2004 late Jan. 2005 Available; actively marketing. development plus option - ----------------------------------------------------------------------------------------------------------------------------------- Ocean General five completion options mid 50's mid June 2004 mid Nov. 2004 Two week UWILD survey; followed by two wells with KNOC in Korea plus mobe/demobe in high 60's beginning late Nov. and ending late Mar. 2005; followed by one well plus one option plus demobe with KNOC in Viet Nam in mid 50's beginning mid Mar. and ending late May 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Baroness 180 day option 110's early Nov. 2004 early Dec. 2004 180 day extension in mid 130's beginning early Dec. 2004 and ending late May 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Rover second of two low 110's early Nov. 2004 mid Dec. 2004 Second option well with Murphy assignment wells declared in low 120's beginning mid Dec. 2004 and ending mid Jan. 2005. Option wells three to six exercised in mid 120's beginning mid Jan. and ending early July 2005. Available; actively marketing. - -----------------------------------------------------------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF NOVEMBER 15, 2004
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ---- ------ ------------------- ---------- ------------ ------------ 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 Bangladesh Contracted Cairn Energy Cantilever - ----------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg India Contracted Cairn Energy Cantilever - ----------------------------------------------------------------------------------------- COLD STACKED(3) - ----------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 S. Africa Cold Stacked DODI - ----------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class GOM Cold Stacked DODI - ----------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Cold Stacked DODI - -----------------------------------------------------------------------------------------
EST. RIG CURRENT DAYRATE START END NAME TERM (000S) DATE DATE FUTURE CONTRACT AND OTHER INFORMATION - ---- ----------------------- --------- ---------------- ---------------- -------------------------------------- BRAZIL - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Yatzy 700 day extension mid 70's early Nov. 2003 mid Oct. 2005 Available. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Winner 700 day extension mid 50's early April 2004 mid March 2006 Available. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Alliance one year extension high 90's early Sept. 2004 early Sept. 2005 Available. - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL DRILLSHIPS(1) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Clipper 700 day extension low 100's early Jan. 2003 early March 2006 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL JACKUPS(2) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Sovereign three wells plus option low 60's mid Nov. 2004 early May 2005 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Heritage six wells plus options low 60's early Nov. 2004 mid May 2005 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------------ COLD STACKED(3) - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Liberator -- -- -- -- Cold stacked Nov. '02. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Endeavor -- -- -- -- Cold stacked March '02. - ------------------------------------------------------------------------------------------------------------------------------------ Ocean New Era -- -- -- -- Cold stacked Dec. '02. - ------------------------------------------------------------------------------------------------------------------------------------
NOTES: * GENERALLY, RIG UTILIZATION RATES APPROACH 95-98% DURING CONTRACTED PERIODS; HOWEVER, UTILIZATION RATES CAN BE ADVERSELY IMPACTED BY ADDITIONAL DOWNTIME DUE TO UNSCHEDULED REPAIRS AND MAINTENANCE, WEATHER CONDITIONS AND OTHER FACTORS. GOM = Gulf of Mexico -----END PRIVACY-ENHANCED MESSAGE-----