-----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, WM1IKnxgVLzCmk1xxYVbHJQuwdgX2ZjSepinnRrkJ0/r/gbQReUECkKyddpc+SUg fYCls9mnF+FUE9tiQ2Y9AQ== 0000950129-05-000423.txt : 20050118 0000950129-05-000423.hdr.sgml : 20050117 20050118165745 ACCESSION NUMBER: 0000950129-05-000423 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050118 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050118 DATE AS OF CHANGE: 20050118 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: 05534255 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 h21783e8vk.txt DIAMOND OFFSHORE DRILLING, INC.- JANUARY 18, 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 18, 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 18, 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 18, 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 18, 2005 3 EXHIBIT INDEX
Exhibit number Description - -------------- ----------- 99.1 Rig Status Report as of January 18, 2005
4 EX-99.1 2 h21783exv99w1.txt RIG STATUS REPORT - JANUARY 18, 2005 . . .
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JANUARY 18, 2005 RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ---------------- ------ ---------------------- -------- ---------- -------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) Ocean Quest 3,500' Victory Class GOM Contracted Pogo 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 Newfield Exploration 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 Contracted Murphy 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 DAYRATE RIG NAME CURRENT TERM (000S) START DATE EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ---------------- ------------ -------- --------------- --------------- ------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) Ocean Quest one well mid 70's early Dec. 2004 early Feb. 2005 LOI for one well in low 100's beginning early Feb. 2005 and ending late April 2005; followed by LOI for one well in high 110's beginning late April and ending late July 2005; followed by LOI for 120 day term in mid 120's beginning late July and ending late Nov. 2005. Available; actively marketing. Ocean Star 220 day extension 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 one well extension mid 80's late Oct. 2004 mid Feb. 2005 One well extension plus option with Mariner in mid 110's beginning mid Feb. 2005 and ending late Mar. 2005; followed by two wells plus option with Mariner in low 130's beginning late Mar. and ending late June 2005; followed by three well extension with Mariner/Pioneer in low 150's beginning late June and ending late Sept. 2005. Available; actively marketing. Ocean Valiant third of three high 50's late Dec. 2003 late Jan. 2005 One well with Kerr-McGee in mid wells plus option 80's beginning late Jan. and ending mid Mar. 2005; followed by one well with Kerr-McGee in high 90's beginning mid Mar. 2005 and ending late May 2005, followed by one well plus options with Kerr-McGee in low 130's beginning late May and ending late July 2005; followed by 180 day term extension with Kerr-McGee in low 150's beginning late July 2005 and ending late Jan. 2006. Available; actively marketing. Ocean Victory one well mid 90's late Dec. 2004 late Jan. 2005 100 day term plus option with Shell in low 130's beginning late Jan. and ending mid May 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 one well 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 one well plus mid 50's early Oct. 2004 late Jan. 2005 One well with ENI in mid 50's option beginning late Jan. 2005 and ending early April 2005; followed by one well for Kerr-McGee in upper 50's beginning early April and ending early May 2005; followed by one well plus option with Kerr-McGee in mid 70's beginning early May and ending early July 2005. Available; actively marketing. Ocean Lexington one well high 40's early Sept. 2004 late Jan. 2005 Three wells with Walter beginning in late Jan. 2005 and ending late June 2005. Rate for first and second wells in mid 50s with third well in low 60s. Rig will go in for approximately 120-day Survey and maintenance between second and third well, beginning late Mar. and ending late May. Following third well, one additional well plus option with Walter in low 60's beginning late June and ending late July 2005; Available; actively marketing. Ocean Saratoga one well mid 60's mid Dec. 2004 early April 2005 Available; actively marketing.
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JANUARY 18, 2005 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 Kerr-McGee Ocean Spartan 300' Independent Leg Cantilever GOM Contracted LLOG Ocean Spur 300' Independent Leg Cantilever GOM Contracted Spinnaker 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 Chevron/Texaco DAYRATE RIG NAME CURRENT TERM (000S) START DATE EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ---------------- ------------ -------- --------------- --------------- ------------------------------------- DOMESTIC JACKUPS (12) Ocean Crusader second of two mid 30's early Nov. 2004 late Jan. 2005 Two well extension plus wells plus option option with Walter in high 30's beginning late Jan. 2005 and ending mid April 2005. Available; actively marketing. Ocean Drake 60 day term low 40's early Nov. 2004 late Jan. 2005 Two wells plus option with extension plus option ADTI/Kerr-McGee in high 30's beginning late Jan. and ending mid Mar. 2005; followed by two wells plus option with ADTI/CMI/Palace in low 40's beginning mid Mar. and ending late Mar. 2005. Available; actively marketing. Ocean Champion one well mid 30's early Sept. 2004 late Jan. 2005 Two wells plus option with Hunt in low 40's beginning late Jan. and ending late May 2005. Available; actively marketing. Ocean Columbia Five wells mid 40's early Jan. 2005 late April 2005 Available; actively marketing. Ocean Spartan one well extension 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 one well mid 40's mid Dec. 2004 early Feb. 2005 Available; actively marketing. Ocean King two wells mid 40s late Aug. 2004 late Jan. 2005 One well plus option with El Paso in low 50's beginning late Jan. and ending mid Feb. 2005. Available; actively marketing. Ocean Nugget one well low 40's mid Nov. 2004 late Jan. 2005 One well plus option with ADTI/Mission in high 40's beginning late Jan. and ending mid Feb. 2005. Available; actively marketing. Ocean Summit three wells high 30's early Sept. 2004 early Feb. 2005 Two wells with LLOG in mid plus option 40's beginning early Feb. and ending early April 2005. Available; actively marketing. Ocean Warwick - - - - In shipyard for repair of damage due to Hurricane Ivan. Estimated completion early Feb. 2005. Available; actively marketing. Ocean Titan one well low 50's early Nov. 2004 late Jan. 2005 One well plus options plus option with BHP in mid 50's beginning late Jan. and ending late May 2005. Available; actively marketing. Ocean Tower one well mid 50's early Jan. 2005 mid June 2005 Available; actively marketing. plus option
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JANUARY 18, 2005 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 North Sea Contracted Shell 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 Korea Contracted KNOC Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal Ocean Rover 7,000' Victory Class Malaysia Contracted Murphy DAYRATE RIG NAME CURRENT TERM (000S) START DATE EST. END 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 Whittington four year term work low 60's late July 2003 early Oct. 2006 Available. 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 - - - - Standing by for one year program with Talisman in U.K. North Sea in low 80's beginning late Jan. 2005 and ending late Jan. 2006. Available; actively marketing. Ocean Guardian one year high 40's late Mar. 2004 late Mar. 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 one year extension low 80's early Jan. 2005 late Dec. 2005 Available; actively marketing. Ocean Vanguard - - - - In shipyard for repairs due to storm damage. Estimated completion mid Mar. 2005. One year program in Norway with Statoil in low 140's beginning in mid Mar. 2005 and ending in mid Mar. 2006. Available; actively marketing. AUSTRALASIA Ocean Bounty three wells mid 70's early Sept. 2004 late Jan. 2005 LOI for one well plus option in mid 70's beginning late Jan. and ending in late Feb. 2005; followed by one well plus option with Hardman in low 80's beginning in late Feb. 2005 and ending mid Mar. 2005; followed by LOI for one well plus option in mid 80's beginning mid Mar. and ending late April 2005; followed by LOI for one well plus option in mid 80's beginning late April and ending mid June 2005; followed by LOI for one well in mid 80's beginning mid June and ending mid July; followed by two wells plus option in low 90's beginning mid July and ending mid Sept. 2005. Available; actively marketing. Ocean Patriot two wells high 70's late Dec. 2004 late Jan. 2005 Second of two wells with Bass Straits beginning late 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 mid July 2005. All wells in high 70's. Available; actively marketing. Ocean Epoch option well mid 60's mid Jan. 2004 late Jan. 2005 Mobe to Singapore for Murphy beginning late 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 late Nov. 2005. Available; actively marketing. Ocean General two wells 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 180 day extension mid 130's late Dec. 2004 early May 2005 Available; actively marketing. Ocean Rover Second option well 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 18, 2005 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 UPGRADE (1) Ocean Endeavor 2,000' Victory Class GOM Cold Stacked DODI COLD STACKED (2) Ocean Liberator 600' Aker H-3 S. Africa Cold Stacked DODI Ocean New Era 1,500' Korkut GOM Cold Stacked DODI DAYRATE RIG NAME CURRENT TERM (000S) START DATE EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ---------------- ------------ -------- --------------- --------------- ------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) 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 Mar. 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 Mar. 2006 Available; actively marketing. INTERNATIONAL JACKUPS (2) Ocean Sovereign three wells plus option low 60's mid Nov. 2004 late Mar. 2005 Available; actively marketing. Ocean Heritage six wells plus options low 60's early Nov. 2004 mid May 2005 Available; actively marketing. UPGRADE (1) Ocean Endeavor - - - - Preparing for mobe to Singapore shipyard for upgrade to 8,000 ft. design 5th Generation rig. Estimated completion early 2007. Available; actively marketing. COLD STACKED (2) Ocean Liberator - - - - Cold stacked Nov. '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
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