-----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, T/GsWIdWRc1GA7MtlGYIIp5OT7mv7YmniR0hWk6riRBhc6wAnqoGrEad80hP4xSC dvOKPirrO3MeS4h2FCo4Jw== 0000950129-05-002910.txt : 20050329 0000950129-05-002910.hdr.sgml : 20050329 20050328185757 ACCESSION NUMBER: 0000950129-05-002910 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050328 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050329 DATE AS OF CHANGE: 20050328 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: 05707684 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 h23839e8vk.txt DIAMOND OFFSHORE DRILLING, INC. - MARCH 28, 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): MARCH 28, 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 March 28, 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 March 28, 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: March 28, 2005 3 EXHIBIT INDEX Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of March 28, 2005 EX-99.1 2 h23839exv99w1.txt RIG STATUS REPORT . . . DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF MARCH 28, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - -------- ----- ------------- --------- ---------- ---------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES(6) Ocean Quest 3,500' Victory Class GOM Contracted Noble Ocean Star 5,500' Victory Class GOM Contracted Kerr-McGee Ocean America 5,500' Ocean Odyssey GOM Contracted Pioneer Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Kerr-McGee Ocean Victory 5,500' Victory Class GOM Contracted Shell 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 Contracted Walter Oil & Gas Ocean Concord 2,200' F&G SS-2000 GOM Contracted ENI 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. DAYRATE START END RIG NAME CURRENT TERM (000S) DATE DATE FUTURE CONTRACT AND OTHER INFORMATION - -------- ----------------- --------- --------- --------- ------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES(6) Ocean Quest one well low 100's early late May One well with Noble in high 110's beginning late May and Feb. 2005 2005 ending mid June; followed by 120 day term plus option with Noble in mid 120's beginning mid June and ending mid Oct. 2005. Available; actively marketing. Ocean Star 220 day extension mid 70's early mid July 90 day term extension plus option with Kerr-McGee in low Dec. 2004 2005 140's beginning mid July 2005 and ending early Oct. 2005. Available; actively marketing. Ocean America one assignment low 130's late Mar. late First of two well extension with Mariner in mid 110's well 2005 April beginning late April and ending late May; followed by second 2005 well with Mariner in low 130's beginning late May and ending early July; followed by three well extension with Mariner/Pioneer in low 150's beginning early July and ending early Oct. 2005. Available; actively marketing. Ocean Valiant one well mid 80's late Jan. mid April One well with Kerr-McGee in high 90's beginning mid April 2005 2005 and ending late June, followed by one well plus options with Kerr-McGee in low 130's beginning late June and ending late Aug. 2005; followed by 180 day term extension with Kerr-McGee in low 150's beginning late Aug. 2005 and ending mid Feb. 2006. Available; actively marketing. Ocean Victory 100 day term plus low 130's mid Feb. late May Available; actively marketing. option 2005 2005 Ocean Confidence five-year term mid 170's early early Available; actively marketing. Jan. 2001 Jan. 2006 DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES(4) Ocean Voyager one well low 70's mid Feb. early One well with Walter in mid 110's beginning early April and 2005 April ending mid April; followed by one well with Walter in low 2005 80's beginning mid April 2005 and ending early May; followed by LOI for two wells in mid 90's beginning early May and ending late June; followed by LOI for one well in low 110's beginning mid Aug. and ending early Oct.; followed by LOI for one well in low 110's beginning early Oct. and ending late Nov.; followed by three wells plus option in mid 120's beginning late Nov. 2005 and ending early April 2006. Available; actively marketing. Ocean Concord one well mid 50's early early One well for Kerr-McGee in upper 50's beginning early April Feb. 2005 April and ending early May 2005; followed by one well with 2005 Kerr-McGee in mid 70's beginning early May and ending early July 2005; followed by two well extension plus option with Kerr-McGee in mid 90's beginning early July and ending mid Sept. 2005. Available; actively marketing. Ocean Lexington three wells low 50's late Jan. late Rig will go in for approximately 90-day Survey and 2005 April maintenance between second and third well, beginning late 2005 April and ending late July. Following survey, one additional well with Walter in low 60's beginning late July and ending mid Aug.; followed by one well plus option with Walter in low 80's beginning mid Sept. and ending late Oct. 2005. Available; actively marketing. Ocean Saratoga three wells mid 60's mid Dec. early Two wells plus option with LLOG in low 110's beginning early 2004 July 2005 July and ending early Dec.; followed by six month extension with LLOG in low 120's beginning early Dec. 2005 and ending early June 2006. Available; actively marketing.
1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF MARCH 28, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - -------- ----- ------------- --------- ---------- ---------------- DOMESTIC JACKUPS (12) Ocean Crusader 200' Mat GOM Contracted Walter Oil & Gas Cantilever Ocean Drake 200' Mat GOM Contracted ADTI/Kerr-McGee Cantilever Ocean Champion 250' Mat Slot GOM Contracted Hunt Ocean Columbia 250' Independent GOM Contracted Kerr-McGee Leg Cantilever Ocean Spartan 300' Independent GOM Contracted LLOG Leg Cantilever Ocean Spur 300' Independent GOM Contracted Spinnaker Leg Cantilever Ocean King 300' Independent GOM Contracted El Paso Leg Cantilever Ocean Nugget 300' Independent GOM Contracted ADTI/Mission Leg Cantilever Ocean Summit 300' Independent GOM Contracted LLOG Leg Cantilever Ocean Warwick 300' Independent GOM Contracted Newfield Leg Cantilever Ocean Titan 350' Independent GOM Contracted BHP Leg Cantilever Ocean Tower 350' Independent GOM Contracted Chevron/Texaco Leg Cantilever EST. DAYRATE START END RIG NAME CURRENT TERM (000S) DATE DATE FUTURE CONTRACT AND OTHER INFORMATION - -------- ----------------- --------- --------- --------- ------------------------------------- DOMESTIC JACKUPS (12) Ocean Crusader two well mid 30's late Jan. early May Available; actively marketing. extension 2005 2005 Ocean Drake two wells high 30's late Jan. mid April One well extension with ADTI/Kerr-McGee in mid 40's 2005 2005 beginning mid April and ending late April; followed by two wells plus option with ADTI/CMI/Palace in low 40's beginning late April and ending early May 2005. Available; actively marketing. Ocean Champion two wells low 40's late Jan. mid June Available; actively marketing. 2005 2005 Ocean Columbia Five wells mid 40's early mid June Available; actively marketing. Jan. 2005 2005 Ocean Spartan three wells plus high 40's late Feb. late June Available; actively marketing. option 2005 2005 Ocean Spur one well mid 40's mid Dec. late One well with Forest in mid 40's beginning late April and 2004 April ending early June 2005. Maintenance/repairs early June 2005 through late July 2005. Available; actively marketing. Ocean King one well plus mid 50's early mid April Available; actively marketing. option Mar. 2005 2005 Ocean Nugget one well high 40's mid Feb. early One well with Mariner in low 50's beginning early April and 2005 April ending late April; followed by two wells plus option with 2005 Houston Exploration in low 50's beginning late April and ending early Aug. 2005. Available; actively marketing. Ocean Summit two wells plus mid 40's late Feb. late May Available; actively marketing. option 2005 2005 Ocean Warwick one well low 50's mid Mar. late 90 day term with Chevron/Texaco in high 40's (adjustable 2005 April rate) beginning late April and ending late July 2005. 2005 Available; actively marketing. Ocean Titan one well plus mid 50's late Jan. mid May Available; actively marketing. option 2005 2005 Ocean Tower one well plus mid 50's early mid June One well extension plus option with Chevron/Texaco in high option Jan. 2005 2005 60's beginning mid June and ending late Aug. 2005. Available; actively marketing.
2 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF MARCH 28, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - -------- ----- ------------- --------- ---------- ---------------- INTERNATIONAL SEMISUBMERSIBLES (17) MEXICO Ocean Ambassador 1,100' Bethlehem SS- GOM Contracted PEMEX 2000 Ocean 1,500' Aker H-3 GOM Contracted PEMEX Whittington Ocean Worker 3,500' F&G 9500 GOM Contracted PEMEX Enhanced Pacesetter Ocean Yorktown 2,850' F&G SS-2000 GOM Contracted PEMEX NORTH SEA Ocean Nomad 1,200' Aker H-3 North Sea Contracted Talisman Ocean Guardian 1,500' Earl & Wright North Sea Contracted Shell Sedco 711 Series Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman Ocean Vanguard 1,500' Bingo 3000 North Sea Shipyard DODI AUSTRALASIA Ocean Bounty 1,500' Victory Class Australia Contracted Hardman Res. Ocean Patriot 1,500' Bingo 3000 Australia Contracted Woodside Ocean Epoch 1,640' Korkut Shipyard DODI -- Ocean General 1,640' Korkut Viet Nam Contracted KNOC Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal Ocean Rover 7,000' Victory Class Malaysia Contracted Murphy EST. DAYRATE START END RIG NAME CURRENT TERM (000S) DATE DATE FUTURE CONTRACT AND OTHER INFORMATION - -------- ----------------- --------- --------- --------- ------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (17) MEXICO Ocean Ambassador four year term mid 50's late July mid Dec. Available. work 2003 2007 Ocean four year term low 60's late July early Available. Whittington work 2003 Oct. 2006 Ocean Worker four year term high 60's mid Aug. late July Available. work 2003 2007 Ocean Yorktown four year term mid 40's late Oct. mid July Available. work 2003 2007 NORTH SEA Ocean Nomad one year low 80's early early Available; actively marketing. Jan. 2005 Jan. 2006 Ocean Guardian one year high 40's late Mar. late Mar. One year program with Shell in U.K. North Sea in low 80's 2004 2005 beginning late Mar. 2005 and ending late Mar. 2006. Available; actively marketing. Ocean Princess one year low 80's early late Dec. Available; actively marketing. extension Jan. 2005 2005 Ocean Vanguard -- -- -- -- In yard for additional storm damage repairs. Est. completion mid April 2005. One year plus option program in Norway with Statoil in low 140's beginning in mid April 2005 and ending in mid April 2006. Available; actively marketing. AUSTRALASIA Ocean Bounty one well plus low 80's mid Mar. mid April LOI for one well plus option in mid 80's beginning mid April option 2005 2005 and ending late May; followed by one well plus option with ConocoPhillips in mid 80's beginning late May and ending mid July; followed by one well with Coogee Res. in mid 80's beginning mid July and ending mid Aug.; followed by two wells plus option in low 90's beginning mid Aug. and ending mid Oct.; followed by LOI for one well plus option in mid 90's beginning mid Oct. and ending late Nov.; followed by LOI for four wells plus option in high 90's beginning late Nov. 2005 and ending late May 2006. Available; actively marketing. Ocean Patriot two wells high 70's mid Mar. late Two wells plus option with Santos in high 70's beginning 2005 April late April and ending late June; followed by LOI for one 2005 well plus three options in high 70's beginning late June and ending mid Aug.; followed by one well with Santos in high 70's beginning mid Aug. and ending early Sept. 2005. Available; actively marketing. Ocean Epoch -- -- -- -- Singapore shipyard preping for Murphy contract until early April. Four wells plus option with Murphy in low 70's in Malaysia beginning early April 2005 and ending late Dec. 2005. Available; actively marketing. Ocean General one well plus mid 50's late Mar. mid Aug. LOI for two wells plus option in mid 70's in Malaysia option 2005 2005 beginning mid Aug. 2005 and ending early Mar. 2006; followed by LOI for two wells plus option in high 70's in Viet Nam beginning early Mar. 2006 and ending late May 2006. Available; actively marketing. Ocean Baroness 180 day extension mid 130's late Dec. early May Lump sum mobe to GOM beginning early May and ending early 2004 2005 Oct., including prep; followed by LOI with Amerada Hess for one-year term plus mobe in low 200's in GOM beginning early Oct. 2005 and ending early Oct. 2006. Available; actively marketing. Ocean Rover six option wells low 120's late Jan. mid July LOI with Murphy for 950 day extension at average dayrate in 2005 2005 mid 170's beginning mid July 2005 and ending mid Feb. 2008. Available; actively marketing.
3 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF MARCH 28, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - -------- ----- ------------- --------- ---------- ---------------- BRAZIL Ocean Yatzy 3,300' DP DYVI Super Brazil Contracted Petrobras Yatzy Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras Ocean Alliance 5,000' Alliance Brazil Contracted Petrobras Class INTERNATIONAL DRILLSHIPS(1) Ocean Clipper 7,500' DP Brazil Contracted Petrobras Fluor/Mitsubishi INTERNATIONAL JACKUPS(2) Ocean Sovereign 250' Independent Bangladesh Contracted Cairn Energy Leg Cantilever Ocean Heritage 300' Independent India Contracted Cairn Energy Leg Cantilever UPGRADE(1) Ocean Endeavor 2,000' Victory Class GOM Under tow DODI COLD STACKED(1) Ocean New Era 1,500' Korkut GOM Cold DODI Stacked ASSET HELD FOR SALE(1) Ocean Liberator 600' Aker H-3 S. Africa Cold DODI Stacked EST. DAYRATE START END RIG NAME CURRENT TERM (000S) DATE DATE FUTURE CONTRACT AND OTHER INFORMATION - -------- ----------------- --------- --------- --------- ------------------------------------- BRAZIL Ocean Yatzy 700 day extension mid 70's early mid Oct. Available. Nov. 2003 2005 Ocean Winner 700 day extension mid 50's early mid Mar. Available. April 2006 2004 Ocean Alliance one year high 90's early early Available. extension Sept. Sept. 2004 2005 INTERNATIONAL DRILLSHIPS(1) Ocean Clipper 700 day extension low 100's early early Available; actively marketing. Jan. 2003 Mar. 2006 INTERNATIONAL JACKUPS(2) Ocean Sovereign three wells plus low 60's mid Nov. mid April Available; actively marketing. option 2004 2005 Ocean Heritage six wells plus low 60's early late Mar. Lump sum demobe to Qatar late Mar. until mid April; followed options Nov. 2004 2005 by LOI for two wells plus option in mid 70's beginning mid April 2005 and ending early Feb. 2006. Available; actively marketing. UPGRADE(1) Ocean Endeavor -- -- -- -- Mobing to Singapore shipyard for upgrade to 10,000 ft. capable 5th Generation rig. Estimated completion early 2007. Available; actively marketing. COLD STACKED(1) Ocean New Era -- -- -- -- Cold stacked Dec. '02. ASSET HELD FOR SALE(1) Ocean Liberator -- -- -- -- Cold stacked Nov. '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 4 -----END PRIVACY-ENHANCED MESSAGE-----