-----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, T7QKsV3sz/whMnPijyX4NI+bg/tMAIBnsD3nqdG3lCtMzThGjaCCNxd4tpnp0RkZ +DIUOv/1ZbTF3ZTAyyur5g== 0000950129-05-006352.txt : 20050620 0000950129-05-006352.hdr.sgml : 20050617 20050620162537 ACCESSION NUMBER: 0000950129-05-006352 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050620 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050620 DATE AS OF CHANGE: 20050620 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: 05906042 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 h26380e8vk.txt DIAMOND OFFSHORE DRILLING, INC. 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): JUNE 20, 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)) 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 June 20, 2005, of the offshore drilling rigs of the Registrant (except as otherwise noted) 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, as well as statements concerning the Garden Banks drilling rig and its pending purchase by the Registrant. 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 June 20, 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: June 20, 2005 3 EXHIBIT INDEX Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of June 20, 2005 4 EX-99.1 2 h26380exv99w1.txt RIG STATUS REPORT AS OF JUNE 20, 2005 . . . DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JUNE 20, 2005
DAYRATE RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM (000s) - ------------------------------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted Walter one assignment well mid 120's from Noble - ------------------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted Kerr-McGee 220 day extension mid 70's - ------------------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Contracted Pioneer three wells low 150's - ------------------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Kerr-McGee one well high 90's - ------------------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Contracted Shell two wells low 160's - ------------------------------------------------------------------------------------------------------------------------- Ocean Confidence 7,500' DP Aker H-3.2 GOM Contracted BP five-year term mid 170's Modified - ------------------------------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) - ------------------------------------------------------------------------------------------------------------------------- Ocean Voyager 2,000' Victory Class GOM Contracted Kerr-McGee one well low 110's - ------------------------------------------------------------------------------------------------------------------------- Ocean Concord 2,200' F&G SS-2000 GOM Contracted Amerada Hess one well mid 120's - ------------------------------------------------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Shipyard DODI - - - ------------------------------------------------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted LLOG three wells mid 60's - ------------------------------------------------------------------------------------------------------------------------ RIG NAME START DATE EST. END DATE FUTURE CONTRACTS AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------------------------------------ DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------------------------------ Ocean Quest mid June 2005 late July 2005 120 day term plus option with Noble in mid 120's beginning mid June and ending mid Oct. 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Star 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; followed by 12 month extension with Kerr-McGee in mid 170's beginning early Oct. 2005 and ending early Oct. 2006. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean America early May 2005 mid Sept. 2005 Following assignment wells with Pioneer, first of two extension wells with Mariner in mid 110's beginning mid Sept. and ending late Oct.; followed by second well with Mariner in low 130's beginning late Oct. and ending late Dec. 2005; followed by one year term plus option with Mariner in low 230's beginning late Dec. 2005 and ending late Dec. 2006. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Valiant mid May 2005 late June 2005 One well 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 early late July 2005 One well with Kerr-McGee in mid 180's beginning late July and ending June 2005 early Sept.; followed by one year term with Murphy in low 200's beginning early Sept. 2005 and ending early Sept. 2006. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Confidence early Jan. early Jan. LOI for two-year term plus option in low 280's beginning early Jan. 2001 2006 2006 and ending early Jan. 2008. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) - ------------------------------------------------------------------------------------------------------------------------------ Ocean Voyager early May 2005 mid June 2005 Two wells with ATP in mid 90's beginning mid June and ending early Aug.; followed by one well with Amerada Hess 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 with Amerada Hess in mid 120's beginning mid Dec. 2005 and ending mid Feb. 2006. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Concord late May 2005 late July 2005 One well with Kerr-McGee in mid 70's beginning late July. and ending late Sept.; followed by two well extension plus option with Kerr-McGee in mid 90's beginning late Sept. and ending mid Dec. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Lexington - late Sept. Approximately 120-day Survey and maintenance between second and third 2005 well, beginning late May and ending late Sept. Following survey, two additional wells with Walter in low 60's beginning late Sept. and ending late Nov.; followed by one well plus option with Walter in low 80's beginning late Nov. and ending late Dec. 2005. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Saratoga mid Dec. 2004 late June 2005 Two wells plus option with LLOG in low 110's beginning late June and ending late Nov.; followed by six month extension with LLOG in low 120's beginning late Nov. 2005 and ending late May 2006. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------
1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JUNE 20, 2005
DAYRATE RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM (000s) - ------------------------------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (12) - ------------------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM DODI - - - - ------------------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted ADTI/Seneca three wells plus mid 40's option - ------------------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Contracted Hunt two wells low 40's - ------------------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg GOM Contracted Kerr-McGee Five wells mid 40's Cantilever - ------------------------------------------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg GOM Contracted LLOG three wells plus high 40's Cantilever option - ------------------------------------------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg GOM Contracted Forest one well plus option mid 40's Cantilever - ------------------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg GOM Contracted El Paso two well extension mid 50's Cantilever - ------------------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg GOM Contracted Houston Expl. two wells plus option low 50's Cantilever - ------------------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg GOM Contracted LLOG two wells plus option mid 40's Cantilever - ------------------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg GOM Contracted Chevron 90 day term low 60's Cantilever - ------------------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg GOM Contracted BHP one well plus option mid 50's Cantilever - ------------------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg GOM Contracted Chevron one well plus option mid 50's Cantilever - ------------------------------------------------------------------------------------------------------------------------- RIG NAME START DATE EST. END DATE FUTURE CONTRACTS AND OTHER INFORMATION - ----------------------------------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (12) - ----------------------------------------------------------------------------------------------------------------------------- Ocean Crusader - - Leg repair; One well with Unocal in high 40's beginning late June and ending mid July. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Drake early May 2005 late June 2005 One well with ADT/Samson in low 50's beginning late June and ending late July; followed by term contract with Chevron in low 50's beginning late July 2005 and ending late June 2006. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Champion late Jan. 2005 late June 2005 One well extension plus option with Hunt in mid 40's beginning late June and ending early Aug. 2005; followed by two well extension plus option with Hunt in low 50's beginning early Aug. and ending mid Oct. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Columbia early Jan. 2005 early July Six month term plus option with Newfield in mid 50's beginning early 2005 July 2005 and ending early Jan. 2006. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Spartan late Feb. 2005 late June 2005 Two well extension plus option with LLOG in high 50's beginning late June and ending late Aug. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Spur mid May 2005 late June 2005 Maintenance/repairs late June through late Aug. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean King mid May 2005 late June 2005 One well with El Paso in mid 60's beginning late June and ending mid July; followed by one well extension in low 60's beginning mid July and ending late July 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Nugget mid May 2005 early Sept. Available; actively marketing. 2005 - ----------------------------------------------------------------------------------------------------------------------------- Ocean Summit late Feb. 2005 late June 2005 One well extension plus option with LLOG in high 50's beginning late June and ending late July 2005; followed by one well extension plus option with LLOG in mid 60's beginning late July and ending late Aug. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Warwick late May 2005 early Aug. Available; actively marketing. 2005 - ----------------------------------------------------------------------------------------------------------------------------- Ocean Titan late Jan. 2005 mid Aug. 2005 Three wells with Walter in mid 70's beginning mid Aug. and ending mid Nov. 2005. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Tower early Jan. 2005 mid Aug. 2005 One well extension plus option with Chevron in high 60's beginning mid Aug. and ending early Nov. 2005; followed by LOI for one well in mid 80's beginning early Nov. and ending late Dec. 2005. Available; actively marketing. - -----------------------------------------------------------------------------------------------------------------------------
2 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JUNE 20, 2005
DAYRATE RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM (000s) - ------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (17) - ------------------------------------------------------------------------------------------------------------------------ MEXICO - ------------------------------------------------------------------------------------------------------------------------ Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted PEMEX four year term work mid 50's - ------------------------------------------------------------------------------------------------------------------------ Ocean Whittington 1,500' Aker H-3 GOM Contracted PEMEX four year term work low 60's - ------------------------------------------------------------------------------------------------------------------------ Ocean Worker 3,500' F&G 9500 Enhanced GOM Contracted PEMEX four year term work high 60's Pacesetter - ------------------------------------------------------------------------------------------------------------------------ Ocean Yorktown 2,850' F&G SS-2000 GOM Contracted PEMEX four year term work mid 40's - ------------------------------------------------------------------------------------------------------------------------ NORTH SEA - ------------------------------------------------------------------------------------------------------------------------ Ocean Nomad 1,200' Aker H-3 North Sea Contracted Talisman one year low 80's - ------------------------------------------------------------------------------------------------------------------------ Ocean Guardian 1,500' Earl & Wright North Sea Contracted Shell one year low 80's Sedco 711 Series - ------------------------------------------------------------------------------------------------------------------------ Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman one year extension low 80's - ------------------------------------------------------------------------------------------------------------------------ Ocean Vanguard 1,500' Bingo 3000 North Sea Contracted Statoil one year term low 140's - ------------------------------------------------------------------------------------------------------------------------ AUSTRALASIA - ------------------------------------------------------------------------------------------------------------------------ Ocean Bounty 1,500' Victory Class Australia Contracted ENI one well plus option mid 80's - ------------------------------------------------------------------------------------------------------------------------ Ocean Patriot 1,500' Bingo 3000 Australia Contracted Santos three wells high 70's - ------------------------------------------------------------------------------------------------------------------------ Ocean Epoch 1,640' Korkut Malaysia Contracted Murphy six wells plus option mid 70's - ------------------------------------------------------------------------------------------------------------------------ Ocean General 1,640' Korkut Malaysia Contracted CTOC six wells mid 70's - ------------------------------------------------------------------------------------------------------------------------ Ocean Baroness 7,000' Victory Class Singapore Shipyard DODI - - - ------------------------------------------------------------------------------------------------------------------------ Ocean Rover 7,000' Victory Class Malaysia Contracted Murphy six option wells mid 120's - ------------------------------------------------------------------------------------------------------------------------ RIG NAME START DATE EST. END DATE FUTURE CONTRACTS AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (17) - ------------------------------------------------------------------------------------------------------------------------------ MEXICO - ------------------------------------------------------------------------------------------------------------------------------ Ocean Ambassador late July 2003 mid Dec. 2007 Available. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Whittington late July 2003 early Oct. 2006 Available. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Worker mid Aug. 2003 late July 2007 Available. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Yorktown late Oct. 2003 mid July 2007 Available. - ------------------------------------------------------------------------------------------------------------------------------ NORTH SEA - ------------------------------------------------------------------------------------------------------------------------------ Ocean Nomad early Jan. 2005 late Jan. 2006 LOI for one year in mid 150's beginning late Jan. 2006 and ending late Jan. 2007. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Guardian late Mar. 2005 late Mar. 2006 One-year term extension plus option with Shell in low 160's beginning late Mar. 2006 and ending late Mar. 2007. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Princess early Jan. 2005 late Dec. 2005 LOI for two years plus option in low 150's beginning in late Dec. 2005 and ending in late Dec. 2007. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Vanguard late May 2005 early Sept. One year plus option program in Norway with Statoil in low 140's 2006 beginning in late May 2005 and ending in early Sept. 2006 (time period to include one well redrill with ENI in low 140's beginning late July and ending late Oct. 2005). Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ AUSTRALASIA - ------------------------------------------------------------------------------------------------------------------------------ Ocean Bounty early April 2005 late June 2005 One well plus option with ConocoPhillips in mid 80's beginning late June and ending early Sept.; followed by one well with Coogee Res. in mid 80's beginning early Sept. and ending early Oct.; followed by two wells plus option with Coogee in low 90's beginning early Oct. and ending mid Dec.; followed by LOI for one well plus option in mid 90's beginning mid Dec. 2005 and ending mid Jan. 2006; followed by four wells plus option in high 90's with Woodside beginning mid Jan. 2006 and ending late July 2006. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Patriot late April 2005 early Aug. One well plus three options with Anzon in high 70's beginning early 2005 Aug. and ending mid Sept.; followed by one well with Bass Straits in high 70's beginning mid Sept. and ending late Sept.; followed by one well with Bass Straits in high 130's beginning late Sept. and ending mid Oct.; followed by one well with Apache in low 150's beginning mid Oct. and ending mid Nov.; followed by first of four Anzon options in mid 130's beginning mid Nov. and ending late Dec.; followed by second of four Anzon options in upper 130's beginning late Dec. 2005 and ending late Jan. 2006; followed by third and fourth of four options in low 140's beginning late Jan. 2006 and ending early April; followed by Survey beginning early April and ending mid April; followed by two exercised option wells with Apache in high 70's beginning mid April and ending early June; followed by four wells plus option with NZOP in low 100's beginning early June and ending late Dec. 2006. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Epoch late April 2005 mid Dec. 2005 Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean General mid June 2005 mid Jan. 2006 LOI for one well plus option in high 70's in Viet Nam beginning mid Jan. 2006 and ending mid Feb. 2006. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Baroness - - Shipyard/survey early June until mid Aug. Mobe to GOM and prep for one year plus option with Amerada Hess in low 200's beginning mid Oct. 2005 and ending mid Oct. 2006. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------ Ocean Rover late Jan. 2005 late June 2005 LOI with Murphy for 950 day extension at average dayrate in mid 170's beginning late June 2005 and ending mid Jan. 2008. Available; actively marketing. - ------------------------------------------------------------------------------------------------------------------------------
3 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JUNE 20, 2005
DAYRATE RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM (000s) - ------------------------------------------------------------------------------------------------------------------------- BRAZIL - ------------------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Brazil Contracted Petrobras 700 day extension mid 70's Yatzy - ------------------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras 700 day extension mid 50's - ------------------------------------------------------------------------------------------------------------------------- Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras one year extension high 90's - ------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------------------------------------------- Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras 700 day extension low 100's - ------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Indonesia Contracted Santos eight wells upper 60's Cantilever - ------------------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Qatar Contracted Conoco/Phillips two wells plus option low 70's Cantilever - ------------------------------------------------------------------------------------------------------------------------- ========================================================================================================================= UPGRADE (1) - ------------------------------------------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class Shipyard Upgrading DODI - - - ------------------------------------------------------------------------------------------------------------------------- COLD STACKED (1) - ------------------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Cold Stacked DODI - - - ------------------------------------------------------------------------------------------------------------------------- ASSETS HELD FOR SALE (0) - ------------------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 - SOLD - - - - ------------------------------------------------------------------------------------------------------------------------- PURCHASE PENDING--RESERVED FOR UPGRADE (1) - ------------------------------------------------------------------------------------------------------------------------- Garden Banks** 2,200' Victory Class GOM Out of - - - Service - ------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------------------- RIG NAME START DATE EST. END DATE FUTURE CONTRACTS AND OTHER INFORMATION - ----------------------------------------------------------------------------------------------------------------------------- BRAZIL - ----------------------------------------------------------------------------------------------------------------------------- Ocean Yatzy early Nov. 2003 early Oct. LOI for four-year term extension in mid 110's, plus potential bonus, 2005 beginning early Oct. 2005 and ending early Oct. 2009. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Winner early April 2004 mid Mar. 2006 LOI for four-year term extension in low 110's, plus potential bonus, beginning mid Mar. 2006 and ending mid Mar. 2010. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- Ocean Alliance early Sept. 2004 early Sept. LOI for four-year term extension in mid 150's, plus potential bonus, 2005 beginning early Sept. 2005 and ending early Sept. 2009. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ----------------------------------------------------------------------------------------------------------------------------- Ocean Clipper early Jan. 2003 mid Dec. 2005 LOI for five-year extension in low 180's, plus potential bonus, beginning mid Dec. 2005 and ending mid Dec. 2010. Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ----------------------------------------------------------------------------------------------------------------------------- Ocean Sovereign early May 2005 early Mar. Available; actively marketing. 2006 - ----------------------------------------------------------------------------------------------------------------------------- Ocean Heritage mid June 2005 late Mar. 2006 Available; actively marketing. - ----------------------------------------------------------------------------------------------------------------------------- ============================================================================================================================= UPGRADE (1) - ----------------------------------------------------------------------------------------------------------------------------- Ocean Endeavor - - 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. - ----------------------------------------------------------------------------------------------------------------------------- ASSETS HELD FOR SALE (0) - ----------------------------------------------------------------------------------------------------------------------------- Ocean Liberator - - - ----------------------------------------------------------------------------------------------------------------------------- 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. DIAMOND OFFSHORE DOES NOT CURRENTLY OWN THE RIG. GOM = Gulf of Mexico 4 -----END PRIVACY-ENHANCED MESSAGE-----