EX-99.1 2 h28627exv99w1.txt RIG STATUS REPORT . . . EXHIBIT 99.1 1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF SEPTEMBER 6, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Quest 3,500' Victory Class GOM Contracted Noble term ------------------------------------------------------------------------------------------------------------------------------------ Ocean Star 5,500' Victory Class GOM Contracted Kerr-McGee 90 day term extension ------------------------------------------------------------------------------------------------------------------------------------ Ocean America 5,500' Ocean Odyssey GOM Contracted Pioneer three wells ------------------------------------------------------------------------------------------------------------------------------------ Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Kerr-McGee one well ------------------------------------------------------------------------------------------------------------------------------------ Ocean Victory 5,500' Victory Class GOM Contracted Kerr-McGee one well ------------------------------------------------------------------------------------------------------------------------------------ DP Aker H-3.2 Ocean Confidence 7,500' Modified GOM Contracted BP five-year term ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (5) ------------------------------------------------------------------------------------------------------------------------------------ Ocean New Era 1,500' Korkut GOM Reactivating DODI - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Voyager 2,000' Victory Class GOM Contracted ATP two wells ------------------------------------------------------------------------------------------------------------------------------------ Ocean Concord 2,200' F&G SS-2000 GOM Contracted Kerr-McGee one well ------------------------------------------------------------------------------------------------------------------------------------ Ocean Lexington 2,200' F&G SS-2000 GOM Shipyard DODI - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted LLOG three wells ------------------------------------------------------------------------------------------------------------------------------------
RIG NAME DAYRATE (000S) START DATE EST. END DATE FUTURE CONTRACTS AND OTHER INFORMATION ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Quest mid 120's mid June 2005 mid Oct. 2005 Assessing damage from hurricane Katrina. Preliminary repair estimate two weeks. Six-month term extension plus option in the low 240's beginning in mid Oct. 2005 and ending in mid April 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Star low 140's mid July 2005 mid Oct. 2005 12 month extension with Kerr-McGee in mid 170's beginning mid Oct. 2005 and ending mid Oct. 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean America low 150's early May 2005 late Nov. 2005 Following assignment wells with Pioneer, second of two extension wells with Mariner in low 130's beginning late Nov. 2005 and ending late Jan. 2006; followed by one additional extension well with Mariner in mid 110's beginning early Jan. and ending mid Mar. 2006: followed by one year term plus option with Mariner in low 230's beginning mid Mar. 2006 and ending mid Mar. 2007. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Valiant low 130's late June 2005 mid Sept. 2005 180 day term extension with Kerr-McGee in low 150's beginning mid Sept. 2005 and ending mid Mar. 2006; followed by one-year term extension plus option from Kerr-McGee in low 300,000's beginning in mid Mar. 2006 and ending in mid Mar. 2007. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Victory mid 180's late Aug. 2005 mid Oct. 2005 One year term with Murphy in low 200's beginning mid Oct. 2005 and ending mid Oct. 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Confidence mid 170's early Jan. 2001 early Jan. 2006 Two-year term plus option with BP in low 280's beginning early Jan. 2006 and ending early Jan. 2008. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (5) ------------------------------------------------------------------------------------------------------------------------------------ Ocean New Era - - - Est. availability late Nov. 2005; followed by six-month term with Walter in low 100's for first 30 days and mid 120's for remainder of term beginning late Nov. 2005 and ending late May 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Voyager mid 90's late June 2005 early Nov. 2005 Assessing damage from hurricane Katrina. Preliminary repair estimate four to eight weeks. One well with Amerada Hess in low 110's beginning early Nov. and ending late Dec.; followed by LOI for one well in low 110's beginning late Dec. 2005 and ending mid Feb. 2006; followed by two wells plus option with Amerada Hess in mid 120's beginning mid Feb. 2006 and ending mid May 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Concord mid 70's late Aug. 2005 mid Dec. 2005 One assignment well from Kerr-McGee with Woodside in mid 90's beginning mid Dec. 2005 and ending late Jan. 2006; followed by one well extension plus option with Kerr-McGee in mid 90's beginning late Jan. 2006 and ending early Mar.; followed by 90-day term plus option with Tana in low 130's beginning early Mar. and ending early June 2006; followed by 90-day term extension plus option in low 170's beginning early June and ending late Aug 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Lexington - - late Sept. 2005 Approximately 120-day Survey and maintenance between second and third 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 LOI for one well in mid 170's beginning in late Nov. 2005 and ending in mid Jan. 2006; followed by one well plus option with Walter in low 80's beginning mid Jan. and ending mid Feb. 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Saratoga mid 60's mid Dec. 2004 mid Sept. 2005 Two wells plus option with LLOG in low 110's beginning mid Sept. 2005 and ending mid Feb. 2006; followed by six month extension with LLOG in low 120's beginning mid Feb. 2006 and ending mid Aug. 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------
2 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF SEPTEMBER 6, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC JACKUPS (12) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Crusader 200' Mat Cantilever GOM Contracted Seneca two wells ------------------------------------------------------------------------------------------------------------------------------------ Ocean Drake 200' Mat Cantilever GOM Contracted Chevron term contract ------------------------------------------------------------------------------------------------------------------------------------ Ocean Champion 250' Mat Slot GOM Contracted Hunt two well extension ------------------------------------------------------------------------------------------------------------------------------------ Ocean Columbia 250' Independent Leg Cantilever GOM Contracted Newfield 180-day term ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spartan 300' Independent Leg Cantilever GOM Contracted LLOG three wells plus option ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spur 300' Independent Leg Cantilever GOM Contracted EOG one well ------------------------------------------------------------------------------------------------------------------------------------ Ocean King 300' Independent Leg Cantilever GOM Contracted El Paso one well extension ------------------------------------------------------------------------------------------------------------------------------------ Ocean Nugget 300' Independent Leg Cantilever GOM Contracted Houston Expl. two wells plus option ------------------------------------------------------------------------------------------------------------------------------------ Ocean Summit 300' Independent Leg Cantilever GOM Contracted LLOG one well extension ------------------------------------------------------------------------------------------------------------------------------------ Ocean Warwick 300' Independent Leg Cantilever GOM Contracted Chevron - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Titan 350' Independent Leg Cantilever GOM Contracted BHP one well plus option ------------------------------------------------------------------------------------------------------------------------------------ Ocean Tower 350' Independent Leg Cantilever GOM Contracted Chevron one well ------------------------------------------------------------------------------------------------------------------------------------
RIG NAME DAYRATE (000S) START DATE EST. END DATE FUTURE CONTRACTS AND OTHER INFORMATION ------------------------------------------------------------------------------------------------------------------------------------ DOMESTIC JACKUPS (12) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Crusader high 40's late Aug. 2005 late Oct. 2005 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Drake low 60's late July 2005 late June 2006 Indexed term contract. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Champion low 50's late Aug. 2005 late Oct. 2005 LOI for six-month term in mid 50's beginning late Oct. 2005 and ending late April 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Columbia mid 50's early Aug. 2005 late Jan. 2006 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spartan high 50's late June 2005 late Sept. 2005 Two well extension plus option in mid 80's beginning late Sept. and ending late Nov. 2005. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Spur mid 60's late Aug. 2005 mid Oct. 2005 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean King mid 50's late June 2005 mid Sept. 2005 One well with El Paso in mid 60's beginning late Aug. and ending mid Sept.; followed by one well extension in low 60's beginning mid Sept. and ending early Oct. 2005; followed by one well with Walter in high 60's beginning early Oct. and ending early Nov. 2005. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Nugget high 60's early Sept. 2005 late Oct. 2005 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Summit mid 60's late June 2005 mid Sept. 2005 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Warwick - - - Assessing damage from hurricane Katrina. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Titan mid 50's late Jan. 2005 mid Sept. 2005 Three wells with Walter in mid 70's beginning mid Sept. and ending mid Dec. 2005; followed by six-month term with Dominion Exploration in high 70's beginning mid Dec. 2005 and ending mid June 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Tower mid 50's early Aug. 2005 mid Sept. 2005 180-day term extension plus option with Chevron (Part I) in high 60's beginning mid Sept. and ending mid Dec.; followed by Part II in high 80's beginning mid Dec. 2005 and ending mid Mar. 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------
3 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF SEPTEMBER 6, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (17) ------------------------------------------------------------------------------------------------------------------------------------ MEXICO ------------------------------------------------------------------------------------------------------------------------------------ Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted PEMEX four year term work ------------------------------------------------------------------------------------------------------------------------------------ Ocean Whittington 1,500' Aker H-3 GOM Contracted PEMEX four year term work ------------------------------------------------------------------------------------------------------------------------------------ Ocean Worker 3,500' F&G 9500 Enhanced Pacesetter GOM Contracted PEMEX four year term work ------------------------------------------------------------------------------------------------------------------------------------ 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 Sedco 711 Series North Sea Contracted Shell one year ------------------------------------------------------------------------------------------------------------------------------------ Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman one year extension ------------------------------------------------------------------------------------------------------------------------------------ Ocean Vanguard 1,500' Bingo 3000 North Sea Contracted Statoil one year term ------------------------------------------------------------------------------------------------------------------------------------ AUSTRALASIA ------------------------------------------------------------------------------------------------------------------------------------ Ocean Bounty 1,500' Victory Class Australia Contracted ConocoPhillips two wells ------------------------------------------------------------------------------------------------------------------------------------ Ocean Patriot 1,500' Bingo 3000 Australia Contracted Anzon one well ------------------------------------------------------------------------------------------------------------------------------------ Ocean Epoch 1,640' Korkut Malaysia Contracted Murphy six wells plus option ------------------------------------------------------------------------------------------------------------------------------------ Ocean General 1,640' Korkut Malaysia Contracted CTOC six wells ------------------------------------------------------------------------------------------------------------------------------------ Ocean Baroness 7,000' Victory Class Singapore Shipyard DODI - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Rover 7,000' Victory Class Malaysia Contracted Murphy 950 day extension ------------------------------------------------------------------------------------------------------------------------------------
RIG NAME DAYRATE (000S) START DATE EST. END DATE FUTURE CONTRACTS AND OTHER INFORMATION ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (17) ------------------------------------------------------------------------------------------------------------------------------------ MEXICO ------------------------------------------------------------------------------------------------------------------------------------ Ocean Ambassador mid 50's late July 2003 mid Dec. 2007 Available. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Whittington low 60's late July 2003 early Oct. 2006 Available. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Worker high 60's mid Aug. 2003 late July 2007 Available. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Yorktown mid 40's late Oct. 2003 mid July 2007 Available. ------------------------------------------------------------------------------------------------------------------------------------ NORTH SEA ------------------------------------------------------------------------------------------------------------------------------------ One year extension with Talisman in mid 150's beginning late Jan. 2006 and ending late Jan. 2007. Ocean Nomad low 80's early Jan. 2005 late Jan. 2006 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ One-year term extension plus option with Shell in low 160's beginning late Mar. 2006 and ending late Mar. 2007. (40-day survey Q3, 2005). Ocean Guardian low 80's late Mar. 2005 late Mar. 2006 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Two year extension with Talisman plus option in low 150's beginning in late Dec. 2005 and ending in Ocean Princess low 80's early Jan. 2005 late Dec. 2005 late Dec. 2007. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ One year plus option program in Norway with Statoil in low 140's 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; Ocean Vanguard low 140's late May 2005 early Sept. 2006 actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ AUSTRALASIA ------------------------------------------------------------------------------------------------------------------------------------ One well with Coogee Res. in mid 80's beginning mid Oct. and ending mid Nov.; followed by two wells plus option with Coogee in low 90's beginning mid Nov. 2005. and ending mid Jan. 2006; followed by LOI for one well plus option in mid 90's beginning mid Jan. and ending mid Mar.; followed by four wells plus option in high 90's with Woodside beginning mid Mar. 2006 and ending mid Sept. 2006. Ocean Bounty mid 80's late June 2005 mid Oct. 2005 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ One well with Bass Straits in high 70's, early Sept.-mid Sept.; followed by one well with Bass Straits in high 130's, mid Sept.-late Sept.; followed by one well with Apache in high 70's, late Sept.-mid Oct.; followed by one assignmnet well with Nexus in low 150's, mid Oct.-late Dec. 2005; followed by 10-day survey ending mid-Jan. 2006; followed by first of four Anzon options in mid 130's, mid Jan. 2006-mid Feb.; followed by second of four Anzon options in upper 130's, mid Feb.-mid Mar.; followed by third and fourth of four options in low 140's, mid Mar.-mid May; followed by one exercised assignment option well from Apache with Nexus in high 70's, mid May-mid June; followed by LOI for one assignment well in low 200,000's, mid June-late July; followed by four wells plus option with NZOP in low 100's, late July-late Dec. 2006. Ocean Patriot high 70's late July 2005 late Sept. 2005 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Three option wells exercised in mid 70's beginning in mid Dec. 2005 and ending in late Mar. 2006; five option wells remain available. Available; actively Ocean Epoch mid 70's late April 2005 mid Dec. 2005 marketing. ------------------------------------------------------------------------------------------------------------------------------------ Note: 5th & 6th wells in mid 90's beginning early Nov. 2005 and ending mid Jan. 2006; followed by one well plus two option wells with Premier in high 70's in Viet Nam beginning mid Jan. 2006 and ending mid Mar. 2006; followed by LOI for three wells plus three options wells in mid 130's beginning mid Mar. 2006 and ending mid Sept. 2006. Available; actively Ocean General mid 70's mid June 2005 mid Jan. 2006 marketing. ------------------------------------------------------------------------------------------------------------------------------------ Shipyard/survey early June until late Aug. Mobe to GOM and prep for one year plus option with Amerada Hess in low 200's beginning early Nov. 2005 and ending early Nov. 2006. Available; actively Ocean Baroness - - - marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Rover mid 170's late June 2005 mid Jan. 2008 Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------
4 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF SEPTEMBER 6, 2005
RIG NAME WD DESIGN LOCATION STATUS* OPERATOR CURRENT TERM ------------------------------------------------------------------------------------------------------------------------------------ BRAZIL ------------------------------------------------------------------------------------------------------------------------------------ DP DYVI Super Ocean Yatzy 3,300' Yatzy Brazil Contracted Petrobras 700 day extension ------------------------------------------------------------------------------------------------------------------------------------ Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras 700 day extension ------------------------------------------------------------------------------------------------------------------------------------ Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras four year extension ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL DRILLSHIPS (1) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Clipper 7,500' DP Fluor/ Mitsubishi Brazil Contracted Petrobras 700 day extension ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL JACKUPS (2) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Sovereign 250' Independent Leg Cantilever Indonesia Contracted Santos eight wells ------------------------------------------------------------------------------------------------------------------------------------ Ocean Heritage 300' Independent Leg Cantilever Qatar Contracted Conoco/Phillips two wells plus option ------------------------------------------------------------------------------------------------------------------------------------ UPGRADE (1) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Endeavor 2,000' Victory Class Shipyard Upgrading DODI - ------------------------------------------------------------------------------------------------------------------------------------ COLD STACKED--RESERVED FOR UPGRADE (1) ------------------------------------------------------------------------------------------------------------------------------------ Garden Banks** 2,200' Victory Class GOM Out of Service - - ------------------------------------------------------------------------------------------------------------------------------------ RIGS UNDER CONSTRUCTION (2) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Shield 350' Independent Leg Cantilever Shipyard - - - ------------------------------------------------------------------------------------------------------------------------------------ Ocean Scepter 350' Independent Leg Cantilever Shipyard - - - ------------------------------------------------------------------------------------------------------------------------------------
RIG NAME DAYRATE (000S) START DATE EST. END DATE FUTURE CONTRACTS AND OTHER INFORMATION ------------------------------------------------------------------------------------------------------------------------------------ BRAZIL ------------------------------------------------------------------------------------------------------------------------------------ Ocean Yatzy mid 70's early Nov. 2003 early Oct. 2005 Four-year term extension with Petrobras in mid 110's, plus potential bonus, beginning early Oct. 2005 and ending early Oct. 2009. (21-day maintenance Q3 or Q4). Available. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Winner mid 50's early April 2004 mid Mar. 2006 Four-year term extension with Petrobras in low 110's, plus potential bonus, beginning mid Mar. 2006 and ending mid Mar. 2010. Available. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Alliance mid 150's early Sept. 2005 early Sept. 2009 Available. ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL DRILLSHIPS (1) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Clipper low 100's early Jan. 2003 mid Dec. 2005 Five-year term extension with Petrobras in low 180's, plus potential bonus, beginning mid Dec. 2005 and ending mid Dec. 2010. Available. ------------------------------------------------------------------------------------------------------------------------------------ INTERNATIONAL JACKUPS (2) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Sovereign upper 60's early May 2005 late Oct. 2005 Two wells with Amerada Hess plus two exercised option wells in mid 80's beginning late Oct. and ending mid Dec. 2005; followed by two option wells with Santos in mid 70's beginning mid Dec. 2005 and ending mid Mar. 2006; followed by three wells with Santos in upper 60's beginning mid Mar. and ending mid May; followed by two wells with Anadarko in mid 80's beginning mid May and ending early July 2006. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Heritage low 70's 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; followed by commissioning beginning early Mar. 2007; followed by LOI for a term of between two and four years earning approximate total revenue of between $198 million and $355 million depending upon the length of the contract selected by the operator no later than year-end 2005. Contract is expected to begin mid 2007. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ COLD STACKED--RESERVED FOR UPGRADE ------------------------------------------------------------------------------------------------------------------------------------ Garden Banks** - - - Currently retired from active service as drilling and production platform. ------------------------------------------------------------------------------------------------------------------------------------ RIGS UNDER CONSTRUCTION (2) ------------------------------------------------------------------------------------------------------------------------------------ Ocean Shield - - - Singapore shipyard, estimated completion Q1 2008. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------ Ocean Scepter - - - Brownsville shipyard, estimated completion Q1 2008. Available; actively marketing. ------------------------------------------------------------------------------------------------------------------------------------
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 COMPLETED PURCHASE OF THE GARDEN BANKS ON AUGUST 25, 2005. GOM = Gulf of Mexico