EX-99.1 2 h24250exv99w1.txt RIG STATUS REPORT AS OF APRIL 11, 2005 . . . EXHIBIT 99.1 1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF APRIL 11, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM -------- ----- ------------- --------- ---------- ---------------- ----------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES(6) Ocean Quest 3,500' Victory Class GOM Contracted Noble one well Ocean Star 5,500' Victory Class GOM Contracted Kerr-McGee 220 day extension Ocean America 5,500' Ocean Odyssey GOM Contracted Pioneer one assignment well Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Kerr-McGee one well Ocean Victory 5,500' Victory Class GOM Contracted Shell 100 day term plus option Ocean Confidence 7,500' DP Aker H- GOM Contracted BP five-year term 3.2 Modified DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES(4) Ocean Voyager 2,000' Victory Class GOM Contracted Walter Oil & Gas second of two wells Ocean Concord 2,200' F&G SS-2000 GOM Contracted ENI one well Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Walter Oil & Gas three wells Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted LLOG three wells DAYRATE EST. END FUTURE CONTRACTS AND OTHER RIG NAME (000S) START DATE DATE INFORMATION -------- --------- -------------- -------------- ----------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES(6) Ocean Quest low 100's early Feb. late May 2005 One well with Noble in high 110's beginning late May and ending mid 2005 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 mid 70's early Dec. mid July 2005 90 day term extension plus option with Kerr-McGee in low 140's 2004 beginning mid July 2005 and ending early Oct. 2005. Available; actively marketing. Ocean America low 130's late Mar. 2005 late April First of two well extension with Mariner in mid 110's beginning late 2005 April and ending early June; followed by first of three assignment wells with Pioneer in low 150's beginning early June and ending late Aug.; followed by second well with Mariner in low 130's beginning late Aug. and ending late Sept.; followed by second and third of three well extension with Mariner/Pioneer in low 150's beginning late Sept. and ending late Nov. 2005. Available; actively marketing. Ocean Valiant mid 80's late Jan. 2005 early May 2005 One well with Kerr-McGee in high 90's beginning early May and ending mid July, followed by one well plus options with Kerr-McGee in low 130's beginning mid July and ending mid Sept. 2005; followed by 180 day term extension with Kerr-McGee in low 150's beginning mid Sept. 2005 and ending mid Mar. 2006. Available; actively marketing. Ocean Victory low 130's mid Feb. 2005 late May 2005 Available; actively marketing. Ocean Confidence mid 170's early Jan. early Jan. Available; actively marketing. 2001 2006 DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES(4) Ocean Voyager low 80's early April mid April 2005 One well with Walter in mid 110's beginning mid April and ending late 2005 April; followed by one well with ATP in mid 90's beginning late April 2005 and ending mid June; LOI for one well in low 110's beginning early Aug. and ending late Sept.; followed by LOI for one well in low 110's beginning late Sept. and ending mid Nov.; followed by two wells plus option in mid 120's beginning mid Nov. 2005 and ending early Feb. 2006. Available; actively marketing. Ocean Concord mid 50's early Feb. mid April 2005 One well for Kerr-McGee in upper 50's beginning mid April and ending 2005 mid May 2005; followed by one well with Kerr-McGee in mid 70's beginning mid May and ending mid July 2005; followed by two well extension plus option with Kerr-McGee in mid 90's beginning mid July and ending late Sept. 2005. Available; actively marketing. Ocean Lexington mid 50's late Jan. 2005 late April Rig will go in for approximately 90-day Survey and maintenance between 2005 second and third well, beginning late April and ending late July. Following survey, two additional wells with Walter in low 60's beginning late July and ending late Sept.; followed by one well plus option with Walter in low 80's beginning late Sept. and ending late Oct. 2005. Available; actively marketing. Ocean Saratoga mid 60's mid Dec. 2004 early July Two wells plus option with LLOG in low 110's beginning mid July and 2005 ending mid Dec.; followed by six month extension with LLOG in low 120's beginning mid Dec. 2005 and ending mid June 2006. Available; actively marketing.
2 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF APRIL 11, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM -------- ----- ------------- --------- ---------- ---------------- ----------------- DOMESTIC JACKUPS (12) Ocean Crusader 200' Mat GOM Contracted Walter Oil & Gas two well Cantilever extension Ocean Drake 200' Mat GOM Contracted ADTI/Kerr-McGee one well Cantilever extension Ocean Champion 250' Mat Slot GOM Contracted Hunt two wells Ocean Columbia 250' Independent GOM Contracted Kerr-McGee Five wells Leg Cantilever Ocean Spartan 300' Independent GOM Contracted LLOG three wells plus Leg option Cantilever Ocean Spur 300' Independent GOM Contracted Spinnaker one well Leg Cantilever Ocean King 300' Independent GOM Contracted El Paso one well plus Leg option Cantilever Ocean Nugget 300' Independent GOM Contracted Mariner one well Leg Cantilever Ocean Summit 300' Independent GOM Contracted LLOG two wells plus Leg option Cantilever Ocean Warwick 300' Independent GOM Contracted Newfield one well Leg Cantilever Ocean Titan 350' Independent GOM Contracted BHP one well plus Leg option Cantilever Ocean Tower 350' Independent GOM Contracted Chevron/Texaco one well plus Leg option Cantilever DAYRATE EST. END FUTURE CONTRACTS AND OTHER RIG NAME (000S) START DATE DATE INFORMATION -------- --------- -------------- -------------- ----------------------------- DOMESTIC JACKUPS (12) Ocean Crusader mid 30's late Jan. 2005 early May 2005 Available; actively marketing. Ocean Drake mid 40's early April mid April 2005 Two wells plus option with ADTI/CMI/Palace in low 40's beginning mid 2005 April and ending early May 2005. Available; actively marketing. Ocean Champion low 40's late Jan. 2005 mid June 2005 Available; actively marketing. Ocean Columbia mid 40's early Jan. mid June 2005 Available; actively marketing. 2005 Ocean Spartan high 40's late Feb. 2005 early June Available; actively marketing. 2005 Ocean Spur mid 40's mid Dec. 2004 late April One well with Forest in mid 40's beginning late April and ending early 2005 June 2005. Maintenance/repairs early June through late July 2005. Available; actively marketing. Ocean King mid 50's early Mar. mid April 2005 One well extension in mid 50's beginning mid April and ending early 2005 May; followed by one well extension plus option in mid 50's beginning early May and ending early June; LOI for four wells plus option in low 60's beginning early July and ending late Nov. 2005. Available; actively marketing. Ocean Nugget low 50's early April early May 2005 Two wells plus option with Houston Exploration in low 50's beginning 2005 early May and ending mid Aug. 2005. Available; actively marketing. Ocean Summit mid 40's late Feb. 2005 late May 2005 Available; actively marketing. Ocean Warwick low 50's mid Mar. 2005 early May 2005 90 day term with Chevron/Texaco in high 40's (adjustable rate) beginning early May and ending early Aug. 2005. Available; actively marketing. Ocean Titan mid 50's late Jan. 2005 mid May 2005 Two wells with Walter in mid 70's beginning mid May and ending mid July; followed by one well extension with Walter in mid 70's beginning mid July and ending mid Aug. 2005. Available; actively marketing. Ocean Tower mid 50's early Jan. early July One well extension plus option with Chevron/Texaco in high 60's 2005 2005 beginning early July and ending mid Sept. 2005. Available; actively marketing.
3 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF APRIL 11, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM -------- ----- ------------- --------- ---------- ---------------- ----------------- INTERNATIONAL SEMISUBMERSIBLES (17) MEXICO Ocean Ambassador 1,100' Bethlehem SS- GOM Contracted PEMEX four year term 2000 work Ocean 1,500' Aker H-3 GOM Contracted PEMEX four year term Whittington work Ocean Worker 3,500' F&G 9500 GOM Contracted PEMEX four year term Enhanced 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 Contracted Talisman one year 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 one year extension Ocean Vanguard 1,500' Bingo 3000 North Sea Shipyard DODI -- AUSTRALASIA Ocean Bounty 1,500' Victory Class Australia Contracted ENI one well plus option Ocean Patriot 1,500' Bingo 3000 Australia Contracted Woodside two wells Ocean Epoch 1,640' Korkut Shipyard DODI -- -- Ocean General 1,640' Korkut Viet Nam 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 six option wells DAYRATE EST. END FUTURE CONTRACTS AND OTHER RIG NAME (000S) START DATE DATE INFORMATION -------- --------- -------------- -------------- ----------------------------- INTERNATIONAL SEMISUBMERSIBLES (17) MEXICO Ocean Ambassador mid 50's late July 2003 mid Dec. 2007 Available. Ocean low 60's late July 2003 early Oct. Available. Whittington 2006 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 low 80's early Jan. early Jan. Available; actively marketing. 2005 2006 Ocean Guardian 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 low 80's early Jan. late Dec. 2005 Available; actively marketing. 2005 Ocean Vanguard -- -- -- In yard for additional storm damage repairs. Est. completion late April 2005. One year plus option program in Norway with Statoil in low 140's beginning in late April 2005 and ending in late April 2006. Available; actively marketing. AUSTRALASIA Ocean Bounty mid 80's early April mid May 2005 One well plus option with ConocoPhillips in mid 80's beginning mid May 2005 and ending early Aug.; followed by one well with Coogee Res. in mid 80's beginning early Aug. and ending early Sept.; followed by LOI for two wells plus option in low 90's beginning early Sept. and ending mid Nov.; followed by LOI for one well plus option in mid 90's beginning mid Nov. and ending mid Dec.; followed by LOI for four wells plus option in high 90's beginning mid Dec. 2005 and ending mid June 2006. Available; actively marketing. Ocean Patriot high 70's mid Mar. 2005 mid April 2005 Two wells plus option with Santos in high 70's beginning mid April and ending late June; followed by LOI for one well plus three options in high 70's beginning late June and ending early Aug.; followed by one well with Santos in high 70's beginning early Aug. and ending late Aug. 2005. Available; actively marketing. Ocean Epoch -- -- -- Singapore shipyard preping for Murphy contract until mid April. Six wells plus option with Murphy in low 70's in Malaysia beginning mid April 2005 and ending late Dec. 2005. Available; actively marketing. Ocean General mid 50's early April mid May 2005 LOI for four wells plus option in mid 70's in Malaysia beginning mid 2005 May and ending early Oct.; followed by LOI for two wells plus option in high 70's in Viet Nam beginning early Oct. and ending late Dec. 2005. Available; actively marketing. Ocean Baroness mid 130's late Dec. 2004 early May 2005 Lump sum mobe to GOM beginning early May and ending early 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 low 120's late Jan. 2005 mid July 2005 LOI with Murphy for 950 day extension at average dayrate in mid 170's beginning mid July 2005 and ending mid Feb. 2008. Available; actively marketing.
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF APRIL 11, 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 Brazil Contracted Petrobras one year Class extension INTERNATIONAL DRILLSHIPS(1) Ocean Clipper 7,500' DP Brazil Contracted Petrobras 700 day extension Fluor/Mitsubishi INTERNATIONAL JACKUPS(2) Ocean Sovereign 250' Independent Mobing LOI DODI -- Leg Cantilever Ocean Heritage 300' Independent Mobing LOI DODI -- Leg Cantilever UPGRADE(1) Ocean Endeavor 2,000' Victory Class Under tow Upgrading 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 PURCHASE PENDING -- RESERVED FOR UPGRADE(1)** Garden Banks 2,200' Victory Class GOM Out of -- -- Service DAYRATE EST. END FUTURE CONTRACTS AND OTHER RIG NAME (000S) START DATE DATE INFORMATION -------- --------- -------------- -------------- ----------------------------- BRAZIL Ocean Yatzy mid 70's early Nov. mid Oct. 2005 Available. 2003 Ocean Winner mid 50's early April mid Mar. 2006 Available. 2004 Ocean Alliance high 90's early Sept. early Sept. Available. 2004 2005 INTERNATIONAL DRILLSHIPS(1) Ocean Clipper low 100's early Jan. early Mar. Available; actively marketing. 2003 2006 INTERNATIONAL JACKUPS(2) Ocean Sovereign -- -- -- LOI for 190 days plus option in high 70's beginning late April and ending early Nov. 2005. Lump sum demobe from Bangladesh to Indonesia beginning mid April and ending late April. Available; actively marketing. Ocean Heritage -- -- -- Lump sum demobe to Qatar late Mar. until mid April; followed by shipyard mid April until early May; followed by LOI for two wells plus option in mid 70's beginning early May 2005 and ending late Jan. 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. PURCHASE PENDING -- RESERVED FOR UPGRADE(1) Garden Banks -- -- -- Currently retired from active service as drilling and production platform.
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. ** Diamond Offshore Services Company has entered into a definitive agreement to purchase the Garden Banks, subject to certain conditions, which is expected to be consummated in September 2005, and does not currently own the rig. GOM = Gulf of Mexico