-----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, LRMcJfUNkBW8wkw2CRkh03ciPR7RHzfiPZz6WACzsY0H8v4THtUJHbQskJKY40SS Mlvnp4ul9q+MuZ44+upbOA== 0000950129-05-000045.txt : 20050104 0000950129-05-000045.hdr.sgml : 20050104 20050104101137 ACCESSION NUMBER: 0000950129-05-000045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050103 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050104 DATE AS OF CHANGE: 20050104 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: 05504311 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 h21372e8vk.txt DIAMOND OFFSHORE DRILLING, INC. - DATED 1/3/2005 ================================================================================ 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): JANUARY 3, 2005 ------------------------------- 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 January 3, 2005, 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 January 3, 2005
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: January 4, 2005 3 EXHIBIT INDEX
Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of January 3, 2005
4 EX-99.1 2 h21372exv99w1.txt RIG STATUS REPORT AS OF JANUARY 3, 2005 . . . Exhibit 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JANUARY 3, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM - ------------------------------------------------------------------------------------------------------------------ DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) Ocean Quest 3,500' Victory Class GOM Contracted Pogo one well Ocean Star 5,500' Victory Class GOM Contracted Kerr-McGee 220 day extension Ocean America 5,500' Ocean Odyssey GOM Contracted Mariner one well extension Ocean Valiant 5,500' Ocean Odyssey GOM Contracted ENI third of three wells plus option Ocean Victory 5,500' Victory Class GOM Contracted Newfield one well Exploration Ocean Confidence 7,500' DP Aker H-3.2 GOM Contracted BP five-year term Modified DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) Ocean Voyager 2,000' Victory Class GOM Contracted Murphy one well Ocean Concord 2,200' F&G SS-2000 GOM Contracted Kerr-McGee one well plus option Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Walter Oil & Gas one well Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted LLOG one well
DAYRATE RIG NAME (000S) START DATE EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) Ocean Quest mid 70's early Dec. 2004 late Jan. 2005 LOI for one well in low 100's beginning late Jan. 2005 and ending mid April 2005; followed by LOI for one well in high 110's beginning mid April and ending mid July 2005; followed by LOI for 120 day term in mid 120's beginning mid July and ending mid Nov. 2005. Available; actively marketing. Ocean Star mid 70's early Dec. 2004 mid July 2005 90 day term extension plus option with Kerr-McGee in low 140's beginning mid July 2005 and ending early Oct. 2005. Available; actively marketing. Ocean America mid 80's late Oct. 2004 late Jan. 2005 One well extension plus option with Mariner in mid 110's beginning late Jan. 2005 and ending early Mar. 2005; followed by two wells plus option with Mariner in low 130's beginning early Mar. and ending early June 2005; followed by three well extension with Mariner/Pioneer in low 150's beginning early June and ending early Sept. 2005. Available; actively marketing. Ocean Valiant high 50's late Dec. 2003 mid Jan. 2005 One well with Kerr-McGee in mid 80's beginning mid Jan. and ending early Mar. 2005; followed by one well with Kerr-McGee in high 90's beginning early Mar. 2005 and ending mid May 2005, followed by one well plus options with Kerr-McGee in low 130's beginning mid May and ending mid July 2005; followed by 180 day term extension with Kerr-McGee in low 150's beginning mid July 2005 and ending mid Jan. 2006. Available; actively marketing. Ocean Victory mid 90's late Dec. 2004 mid Feb. 2005 LOI for two wells in low 130's beginning mid Feb. and ending late May 2005. Available; actively marketing. Ocean Confidence 170's early Jan. 2001 early Jan. 2006 Available; actively marketing. DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) Ocean Voyager low 70's late Dec. 2004 early Feb. 2005 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 mid 50's early Oct. 2004 mid Jan. 2005 One well with ENI in mid 50's beginning mid Jan. 2005 and ending late Mar. 2005; followed by one well for Kerr-McGee in upper 50's beginning late Mar. and ending late April 2005; followed by one well plus option with Kerr-McGee in mid 70's beginning late April and ending late June 2005. Available; actively marketing. Ocean Lexington high 40's early Sept. 2004 early Jan. 2005 Three wells with Walter beginning in early Jan. 2005 and ending early April 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 early April and ending early May 2005; followed by approximately 120-day Survey and maintenance. Available; actively marketing. Ocean Saratoga mid 60's mid Dec. 2004 late Mar. 2005 Available; actively marketing.
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JANUARY 3, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM - ------------------------------------------------------------------------------------------------------------------ DOMESTIC JACKUPS (12) Ocean Crusader 200' Mat Cantilever GOM Contracted Walter Oil & Gas second of two wells plus option Ocean Drake 200' Mat Cantilever GOM Contracted Chevron/Texaco 60 day term extension plus option Ocean Champion 250' Mat Slot GOM Contracted Millennium one well Ocean Columbia 250' Independent Leg GOM Contracted ADTI/Kerr-McGee one well extension Cantilever Ocean Spartan 300' Independent Leg GOM Contracted LLOG one well extension Cantilever Ocean Spur 300' Independent Leg GOM Contracted Spinnaker one well Cantilever Ocean King 300' Independent Leg GOM Contracted Houston two wells Cantilever Exploration Ocean Nugget 300' Independent Leg GOM Contracted ADTI/Mission one well Cantilever Ocean Summit 300' Independent Leg GOM Contracted LLOG three wells plus Cantilever option Ocean Warwick 300' Independent Leg GOM Shipyard DODI - Cantilever Ocean Titan 350' Independent Leg GOM Contracted Stone Energy one well plus option Cantilever Ocean Tower 350' Independent Leg GOM Contracted Chevron/Texaco one well plus option Cantilever
DAYRATE RIG NAME (000S) START DATE EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC JACKUPS (12) Ocean Crusader mid 30's early Nov. 2004 mid Jan. 2005 Two well extension plus option with Walter in high 30's beginning mid Jan. 2005 and ending mid Mar. 2005. Available; actively marketing. Ocean Drake low 40's early Nov. 2004 mid Jan. 2005 Two wells plus option with ADTI/Kerr-McGee in high 30's beginning mid Jan. and ending late Feb. 2005. Available; actively marketing. Ocean Champion mid 30's early Sept. 2004 mid Jan. 2005 Available; actively marketing. Ocean Columbia mid 30's mid Nov. 2004 early Jan. 2005 Four wells with Kerr-McGee in mid 40's beginning early Jan. and ending late April 2005. Available; actively marketing. Ocean Spartan mid 40's early Dec. 2004 mid Feb. 2005 Three well extension with LLOG in high 40's beginning mid Feb. and ending early June 2005. Available; actively marketing. Ocean Spur mid 40's mid Dec. 2004 late Jan. 2005 Available; actively marketing. Ocean King mid 40s late Aug. 2004 mid Jan. 2005 Available; actively marketing. Ocean Nugget low 40's mid Nov. 2004 mid Jan. 2005 One well plus option with ADTI/Mission in high 40's beginning mid Jan. and ending late Jan. 2005. Available; actively marketing. Ocean Summit high 30's early Sept. 2004 late Jan. 2005 Two wells with LLOG in mid 40's beginning late Jan. and ending late Mar. 2005. Available; actively marketing. Ocean Warwick - - - In shipyard for repair of damage due to Hurricane Ivan. Estimated completion mid Feb. Ocean Titan low 50's early Nov. 2004 mid Jan. 2005 One well plus options with BHP in mid 50's beginning mid Jan. and ending mid May 2005. Available; actively marketing. Ocean Tower mid 50's early Jan. 2005 early July 2005 Available; actively marketing.
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JANUARY 3, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM - ------------------------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (17) MEXICO Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted PEMEX four year term work Ocean Whittington 1,500' Aker H-3 GOM Contracted PEMEX four year term work Ocean Worker 3,500' F&G 9500 Enhanced GOM Contracted PEMEX four year term work Pacesetter Ocean Yorktown 2,850' F&G SS-2000 GOM Contracted PEMEX four year term work NORTH SEA Ocean Nomad 1,200' Aker H-3 North Sea - DODI - Ocean Guardian 1,500' Earl & Wright North Sea Contracted Shell one year Sedco 711 Series Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman three wells plus option Ocean Vanguard 1,500' Bingo 3000 North Sea Contracted ENI - AUSTRALASIA Ocean Bounty 1,500' Victory Class Australia Contracted OMV three wells Ocean Patriot 1,500' Bingo 3000 Australia Contracted Apache two wells Ocean Epoch 1,640' Korkut Australia Contracted Santos Exeter/Mutineer development plus option Ocean General 1,640' Korkut Korea Contracted KNOC two wells Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal 180 day extension Ocean Rover 7,000' Victory Class Malaysia Contracted Murphy Second option well
DAYRATE RIG NAME (000S) START DATE EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (17) MEXICO Ocean Ambassador mid 50's late July 2003 mid Dec. 2007 Available. Ocean Whittington low 60's late July 2003 early Oct. 2006 Available. Ocean Worker high 60's mid Aug. 2003 late July 2007 Available. Ocean Yorktown 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 mid Jan. 2005 and ending mid Jan. 2006. Available; actively marketing. Ocean Guardian high 40's late March 2004 late March 2005 One year program with Shell in U.K. North Sea in low 80's beginning late Mar. 2005 and ending late Mar. 2006. Available; actively marketing. Ocean Princess low 60's early Oct. 2004 mid Jan. 2005 One year extension plus option in U.K. North Sea in low 80's beginning mid Jan. 2005 and ending late Dec. 2005. Available; actively marketing. Ocean Vanguard - - - In shipyard for repairs due to storm damage. Estimated completion mid Feb. 2005. One year program in Norway with Statoil in low 140's beginning in mid Feb. 2005 and ending in mid Feb. 2006. Available; actively marketing. AUSTRALASIA Ocean Bounty mid 70's early Sept. 2004 mid Jan. 2005 LOI for one well plus option in mid 70's beginning 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; followed by LOI for one well plus option in mid 80's beginning late Feb. and ending mid April 2005; followed by LOI for one well plus option in mid 80's beginning mid April and ending late May 2005; followed by LOI for one well in mid 80's beginning late May and ending late June 2005. Available; actively marketing. Ocean Patriot high 70's late Dec. 2004 mid Jan. 2005 Second of two wells with Bass Straits beginning mid Jan. 2005 and ending mid Feb. 2005. Two wells with Woodside beginning mid Feb. and ending mid Mar. Two wells plus option with Santos beginning mid Mar. and ending late May. LOI for one well plus three options beginning late May and ending early July 2005. All wells in high 70's. Available; actively marketing. Ocean Epoch mid 60's mid Jan. 2004 mid Jan. 2005 One option well plus demobe declaired with Santos in mid 60's beginning mid Jan. and ending late Feb. 2005; followed by LOI in mid 70's for four wells plus option and demobe in Malaysia beginning late Feb. and ending early Sept. 2005. Available; actively marketing. Ocean General high 60's mid Dec. 2004 mid April 2005 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 mid 130's late Dec. 2004 early May 2005 Available; actively marketing. Ocean Rover low 120's mid Dec. 2004 late Jan. 2005 Option wells three to six exercised in mid 120's beginning late Jan. and ending mid July 2005. Available; actively marketing.
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JANUARY 3, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM - ------------------------------------------------------------------------------------------------------------------ BRAZIL Ocean Yatzy 3,300' DP DYVI Super Brazil Contracted Petrobras 700 day extension Yatzy Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras 700 day extension Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras one year extension INTERNATIONAL DRILLSHIPS (1) Ocean Clipper 7,500' DP Brazil Contracted Petrobras 700 day extension Fluor/Mitsubishi INTERNATIONAL JACKUPS (2) Ocean Sovereign 250' Independent Leg Bangladesh Contracted Cairn Energy three wells plus Cantilever option Ocean Heritage 300' Independent Leg India Contracted Cairn Energy six wells plus options 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 -
DAYRATE RIG NAME (000S) START DATE EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------------------------------------------ BRAZIL Ocean Yatzy mid 70's early Nov. 2003 mid Oct. 2005 Available. Ocean Winner mid 50's early April 2004 mid March 2006 Available. Ocean Alliance high 90's early Sept. 2004 early Sept. 2005 Available. INTERNATIONAL DRILLSHIPS (1) Ocean Clipper low 100's early Jan. 2003 early March 2006 Available; actively marketing. INTERNATIONAL JACKUPS (2) Ocean Sovereign low 60's mid Nov. 2004 late Mar. 2005 Available; actively marketing. Ocean Heritage 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-----