-----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, GF2eda3bpS0koPvi43+OKXN8JD7y2767TK2EKv6AEodwA2gM2/zuuqRx6rBpvi7L FlBVwfZAVoc0AHZrdc/hcg== 0000950129-04-009399.txt : 20041129 0000950129-04-009399.hdr.sgml : 20041129 20041129165349 ACCESSION NUMBER: 0000950129-04-009399 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041129 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041129 DATE AS OF CHANGE: 20041129 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: 041172225 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 h20567e8vk.txt DIAMOND OFFSHORE DRILLING, INC.- NOVEMBER 29, 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 29, 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 29, 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 29, 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 29, 2004 3 EXHIBIT INDEX
Exhibit number Description - -------------- ----------- 99.1 Rig Status Report as of November 29, 2004
4 EX-99.1 2 h20567exv99w1.txt RIG STATUS REPORT . . . EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF NOVEMBER 29, 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-3.2 Modified GOM Contracted BP 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 RIG NAME CURRENT TERM DAYRATE (000S) START DATE EST. END DATE -------- ------------ -------------- ---------- ------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------------------------ Ocean Quest one well low 50's early Sept. 2004 early Dec. 2004 Ocean Star fourth of four wells low 60's early June 2004 early Dec. 2004 Ocean America one well extension mid 80's late Oct. 2004 mid Jan. 2005 Ocean Valiant third of three wells plus option high 50's late Dec. 2003 late Dec. 2004 Ocean Victory two wells mid 70's mid Aug. 2004 early Feb. 2005 Ocean Confidence five-year term 170's early Jan. 2001 early Jan. 2006 DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) - ------------------------------------------------------------------------------------------------------------------------ Ocean Voyager -- -- -- -- Ocean Concord one well plus option mid 50's early Oct. 2004 late Dec. 2004 Ocean Lexington one well high 40's early Sept. 2004 late April 2005 Ocean Saratoga one well low 50's late Oct. 2004 early Dec. 2004 RIG NAME FUTURE CONTRACT AND OTHER INFORMATION -------- ------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------- Ocean Quest One well plus option with Pogo in mid 70's beginning early Dec. and ending mid Jan. 2005; followed by LOI for one well in low 100's beginning mid Jan. 2005 and ending mid April 2005; followed by LOI for one well in high 110's beginning mid April and ending mid June 2005. Available; actively marketing. Ocean Star 220 day extension with Kerr-McGee in high 70's beginning early Dec. 2004 and ending early July 2005; followed by 90 day term extension plus option with Kerr-McGee in low 140's beginning early July 2005 and ending early Oct. 2005. Available; actively marketing. Ocean America 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 One well plus options with Kerr-McGee in mid 80's beginning late Dec. and ending mid Feb. 2005; followed by one well with Kerr-McGee in high 90's beginning mid Feb. 2005 and ending late April 2005, followed by one well plus options with Kerr-McGee in low 130's beginning late April and ending late June 2005. Available; actively marketing. Ocean Victory LOI for one well plus option in mid 90's beginnning early Feb. 2005 and ending early April 2005. LOI for two wells in low 130's beginning early April and ending mid July 2005. Available; actively marketing. Ocean Confidence 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; followed by one well with Walter in mid 70's beginning early Feb. 2005 and ending early Mar. 2005; followed by one well with Walter in low 80's beginning early Mar. 2005 and ending early April 2005. Available; actively marketing. Ocean Concord One well with ENI in mid 50's beginning late 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 Three well extension with Walter beginning in early Sept. and ending in late 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 late Dec. 2004 and ending late Mar. 2005. Rate for first and second wells in mid 50s with third well in low 60s. One additional well plus option with Walter in low 60's beginning late Mar. and ending late April 2005; followed by approximately 120-day Survey and maintenance. Available; actively marketing. Ocean Saratoga Three well extension with LLOG in mid 60's beginning early Dec. 2004 and ending late Mar. 2005. Available; actively marketing.
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF November 29, 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 Cantilever GOM Contracted ADTI/Kerr-McGee Ocean Spartan 300' Independent Leg Cantilever GOM Contracted LLOG Ocean Spur 300' Independent Leg Cantilever GOM Contracted Walter Oil & Gas Ocean King 300' Independent Leg Cantilever GOM Contracted Houston Exploration Ocean Nugget 300' Independent Leg Cantilever GOM Contracted ADTI/Mission Ocean Summit 300' Independent Leg Cantilever GOM Contracted LLOG Ocean Warwick 300' Independent Leg Cantilever GOM Shipyard DODI Ocean Titan 350' Independent Leg Cantilever GOM Contracted Stone Energy Ocean Tower 350' Independent Leg Cantilever GOM Contracted W&T Offshore RIG NAME CURRENT TERM DAYRATE (000S) START DATE EST. END DATE -------- ------------ -------------- ---------- ------------- DOMESTIC JACKUPS (12) - ------------------------------------------------------------------------------------------------------------------------- Ocean Crusader second of two wells plus option mid 30's early Nov. 2004 early Dec. 2004 Ocean Drake 60 day term extension plus option high 30's early Nov. 2004 early Jan. 2005 Ocean Champion one well mid 30's early Sept. 2004 mid Dec. 2004 Ocean Columbia one well plus option mid 30's mid Nov. 2004 mid Dec. 2004 Ocean Spartan two wells plus option high 30's early Sept. 2004 early Dec. 2004 Ocean Spur one well low 50's late Nov. 2004 mid Dec. 2004 Ocean King two wells mid 40s late Aug. 2004 mid Dec. 2004 Ocean Nugget one well plus option low 40's mid Nov. 2004 mid Dec. 2004 Ocean Summit three wells plus option high 30's early Sept. 2004 early Jan. 2005 Ocean Warwick -- -- -- -- Ocean Titan one well plus option low 50's early Nov. 2004 mid Dec. 2004 Ocean Tower two wells mid 40's late Oct. 2004 late Dec. 2004 RIG NAME FUTURE CONTRACT AND OTHER INFORMATION -------- ------------------------------------- DOMESTIC JACKUPS (12) - ----------------------------------------------------------------------------------------------------- Ocean Crusader Two well extension plus option with Walter in high 30's beginning early Dec. 2004 and ending early Feb. 2005. Available; actively marketing. Ocean Drake Available; actively marketing. Ocean Champion Two wells plus option with Energy Partners in mid 30's beginning mid Dec. and mid Feb. 2005. Available; actively marketing. Ocean Columbia Available; actively marketing. Ocean Spartan One well extension with LLOG in mid 40's beginning early Dec. 2004 and ending early Feb. 2005. Available; actively marketing. Ocean Spur Second of two wells with Mariner in high 30's beginning mid Dec. 2004 and ending early Jan. 2005; followed by one well with Spinnaker in mid 40's beginning early Jan. 2005 and ending mid Feb. 2005. Available; actively marketing. Ocean King Available; actively marketing. Ocean Nugget Available; actively marketing. Ocean Summit 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 options with BHP in mid 50's beginning mid Dec. 2004 and ending mid April 2005. Available; actively marketing. Ocean Tower One well plus option with ChevronTexaco in mid 50's beginning late Dec. 2004 and ending late June 2005. Available; actively marketing.
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF November 29, 2004
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR -------- -- ------ -------- ------- -------- 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 Pacesetter GOM Contracted PEMEX 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 711 Series North Sea Contracted Shell 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 Mobe to survey DODI -- Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal Ocean Rover 7,000' Victory Class Malaysia Contracted Amerada Hess RIG NAME CURRENT TERM DAYRATE (000S) START DATE EST. END DATE -------- ------------ -------------- ---------- ------------- INTERNATIONAL SEMISUBMERSIBLES (17) - -------------------------------------------------------------------------------------------------------------------------- MEXICO - -------------------------------------------------------------------------------------------------------------------------- Ocean Ambassador four year term work mid 50's late July 2003 mid Dec. 2007 Ocean Whittington four year term work low 60's late July 2003 early Oct. 2006 Ocean Worker four year term work high 60's mid Aug. 2003 late July 2007 Ocean Yorktown four year term work mid 40's late Oct. 2003 mid July 2007 NORTH SEA - -------------------------------------------------------------------------------------------------------------------------- Ocean Nomad -- -- -- -- Ocean Guardian one year high 40's late March 2004 late March 2005 Ocean Princess three wells plus option low 60's early Oct. 2004 early Dec. 2004 Ocean Vanguard one well low 140's early Oct. 2004 late Dec. 2005 AUSTRALASIA - -------------------------------------------------------------------------------------------------------------------------- Ocean Bounty three wells mid 70's early Sept. 2004 mid Feb. 2005 Ocean Patriot two wells high 70's early Nov. 2004 late Dec. 2004 Ocean Epoch Exeter/Mutineer development plus option mid 60's mid Jan. 2004 late Jan. 2005 Ocean General -- -- -- -- Ocean Baroness 180 day option 110's early Nov. 2004 late Dec. 2004 Ocean Rover second of two assignment wells low 110's early Nov. 2004 mid Dec. 2004 RIG NAME FUTURE CONTRACT AND OTHER INFORMATION -------- ------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (17) - ------------------------------------------------------------------------------------------------------- MEXICO - ------------------------------------------------------------------------------------------------------- Ocean Ambassador Available. Ocean Whittington Available. Ocean Worker Available. Ocean Yorktown 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 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 One year extension in U.K. North Sea in low 80's beginning early Dec. 2004 and ending late Dec. 2005. Available; actively marketing. Ocean Vanguard One year program in Norway with Statoil in low 140's beginning in late Dec. 2004 and ending in late Dec. 2005. Available; actively marketing. AUSTRALASIA - ------------------------------------------------------------------------------------------------------- Ocean Bounty LOI for one well plus option in mid 70's beginning in mid Feb. and ending in early Mar. 2005; followed by one well plus option with Hardman in low 80's beginning in early Mar. 2005 and ending late Mar. 2005; followed by LOI for one well plus option in mid 80's beginning late Mar. and ending mid May 2005; followed by LOI for one well plus option in mid 80's beginning mid May and ending late June 2005; followed by LOI for one well in mid 80's beginning late June and ending mid July 2005. Available; actively marketing. Ocean Patriot Second of two wells with Bass Straits beginning late Dec. 2004 and ending late Jan. 2005. Two wells with Woodside beginning late Jan. and ending late Feb. Two wells plus option with Santos beginning late Feb. and ending early May. LOI for one well plus three options beginning early May and ending late June 2005. All wells in high 70's. Available; actively marketing. Ocean Epoch Available; actively marketing. Ocean General UWILD survey; followed by two wells with KNOC in Korea plus mobe/demobe in high 60's beginning mid Dec. and ending mid April 2005; followed by one well plus one option plus demobe with KNOC in Viet Nam in mid 50's beginning mid April and ending early June 2005. Available; actively marketing. Ocean Baroness 180 day extension in mid 130's beginning late Dec. 2004 and ending mid June 2005. Available; actively marketing. Ocean Rover Second option well with Murphy 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 29, 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 Cantilever Bangladesh Contracted Cairn Energy Ocean Heritage 300' Independent Leg Cantilever India Contracted Cairn Energy 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 RIG NAME CURRENT TERM DAYRATE (000S) START DATE EST. END DATE -------- ------------ -------------- ---------- ------------- BRAZIL - ------------------------------------------------------------------------------------------------------------------------ Ocean Yatzy 700 day extension mid 70's early Nov. 2003 mid Oct. 2005 Ocean Winner 700 day extension mid 50's early April 2004 mid March 2006 Ocean Alliance one year extension high 90's early Sept. 2004 early Sept. 2005 INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------------------------------------------ Ocean Clipper 700 day extension low 100's early Jan. 2003 early March 2006 INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------------------------------------------ Ocean Sovereign three wells plus option low 60's mid Nov. 2004 late Mar. 2005 Ocean Heritage six wells plus options low 60's early Nov. 2004 late April 2005 COLD STACKED (3) - ------------------------------------------------------------------------------------------------------------------------ Ocean Liberator -- -- -- -- Ocean Endeavor -- -- -- -- Ocean New Era -- -- -- -- RIG NAME FUTURE CONTRACT AND OTHER INFORMATION -------- ------------------------------------- BRAZIL - ---------------------------------------------------- Ocean Yatzy Available. Ocean Winner Available. Ocean Alliance Available. INTERNATIONAL DRILLSHIPS (1) - ---------------------------------------------------- Ocean Clipper Available; actively marketing. INTERNATIONAL JACKUPS (2) - ---------------------------------------------------- Ocean Sovereign Available; actively marketing. Ocean Heritage 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-----