SEC Filing | Diamond Offshore Drilling Inc.

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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: JULY 17, 2001 ----------------------------------------------------------------- Date of earliest event reported: JULY 16, 2001 ------------------------------------------------ DIAMOND OFFSHORE DRILLING, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) DELAWARE 1-13926 76-0321760 - -------------------------------------------------------------------------------- (State or Other (Commission File Number) (IRS Employer Jurisdiction of Identification No.) Incorporation) 15415 KATY FREEWAY, HOUSTON, TEXAS 77094 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (281) 492-5300 ---------------------------- NOT APPLICABLE - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report)

INFORMATION TO BE INCLUDED IN THE REPORT ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits. Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of July 16, 2001 ITEM 9. REGULATION FD DISCLOSURE The Registrant hereby incorporates by reference into this Item 9 the summary report of the status, as of July 16, 2001, 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 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. 2

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, 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: July 16, 2001 3

EXHIBIT INDEX Exhibit number Description -------------- ----------- 99.1 Rig Status Report as of July 16, 2001 4

Exhibit 99.1 ------------ DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JULY 16, 2001 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ----------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted Walter - ----------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted Chevron - ----------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Contracted Walter - ----------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Spartan 250' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Spur 250' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Indonesia Contracted Maxus Cantilever - ----------------------------------------------------------------------------------------------------------------- Ocean Heritage 250' Independent Leg Indonesia Contracted Maxus Cantilever - ----------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg Cantilever GOM Contracted Houston Exploration - ----------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg Cantilever GOM Shipyard - - ----------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Contracted Dominion - ----------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg Slot GOM Contracted Spinnaker - ----------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 Ivory Coast Stacked - - ----------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked - - ----------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted Unocal - ----------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Contracted Shell - ----------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Contracted Houston Exploration - ----------------------------------------------------------------------------------------------------------------- 1

RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ----------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted Woodside - ----------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco North Sea Contracted Shell 711 Series - ----------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman - ----------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Brazil Contracted ExxonMobil - ----------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut China Contracted CACT - ----------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Australia Contracted Woodside - ----------------------------------------------------------------------------------------------------------------- Ocean Prospector 1,700' Victory Class GOM Cold Stacked - - ----------------------------------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class GOM Contracted Westport - ----------------------------------------------------------------------------------------------------------------- Ocean Rover 2,000' Victory Class GOM Cold Stacked - - ----------------------------------------------------------------------------------------------------------------- Ocean Concord 2,200' F&G SS-2000 GOM Contracted Walter - ----------------------------------------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Murphy - ----------------------------------------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted Walter - ----------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Enterprise - ----------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Contracted Spinnaker - ----------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced Pacesetter GOM Contracted Shell - ----------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Idle - - ----------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted Kerr McGee - ----------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- 2

RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------- Ocean Crusader one well late May 2001 late July 2001 - ------------------------------------------------------------------------------------------------- Ocean Drake six month extension late March 2001 late October 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Champion one well early May 2001 late July 2001 - ------------------------------------------------------------------------------------------------- Ocean Columbia six month term mid January 2000 late July 2001 - ------------------------------------------------------------------------------------------------- Ocean Spartan six month term late May 2001 late November 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Spur six month term early April 2001 early October 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Sovereign two-year term mid September 2000 mid September 2002 - ------------------------------------------------------------------------------------------------- Ocean Heritage one-year term late January 2001 late January 2002 - ------------------------------------------------------------------------------------------------- Ocean King 90 day term late May 2001 late August 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Nugget four wells late June 2001 late September 2001 - ------------------------------------------------------------------------------------------------- Ocean Summit - mid June 2001 early August 2001 - ------------------------------------------------------------------------------------------------- Ocean Warwick three month term early April 2001 mid July 2001 - ------------------------------------------------------------------------------------------------- Ocean Titan one-well mid May 2001 early September - ------------------------------------------------------------------------------------------------- Ocean Tower one well mid February 2001 early July 2001 - ------------------------------------------------------------------------------------------------- Ocean Liberator - - - - ------------------------------------------------------------------------------------------------- Ocean Century - - - - ------------------------------------------------------------------------------------------------- Ocean Ambassador one well early June 2001 late June 2001 - ------------------------------------------------------------------------------------------------- Ocean Nomad one well mid July 2001 early August 2001 - ------------------------------------------------------------------------------------------------- Ocean New Era one well early May 2001 mid July 2001 - ------------------------------------------------------------------------------------------------- 1

RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------- Ocean Bounty two wells early March 2001 late October 2001 - ------------------------------------------------------------------------------------------------- Ocean Guardian nine months plus option mid May 2001 mid February 2002 - ------------------------------------------------------------------------------------------------- Ocean Princess one well late June 2001 early September - ------------------------------------------------------------------------------------------------- Ocean Whittington one well mid July 2001 early August 2001 - ------------------------------------------------------------------------------------------------- Ocean Epoch first option well early June 2001 late July 2001 - ------------------------------------------------------------------------------------------------- Ocean General 200-day term contract mid February 2001 mid September 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Prospector - - - - ------------------------------------------------------------------------------------------------- Ocean Endeavor one well plus option mid May 2001 early August 2001 - ------------------------------------------------------------------------------------------------- Ocean Rover - - - - ------------------------------------------------------------------------------------------------- Ocean Concord one well late June 2001 late July 2001 - ------------------------------------------------------------------------------------------------- Ocean Lexington nine month term early June 2001 early March 2002 - ------------------------------------------------------------------------------------------------- Ocean Saratoga one well early July 2001 early September 2001 - ------------------------------------------------------------------------------------------------- Ocean Yorktown 16-well development late August 2001 early August 2003 - ------------------------------------------------------------------------------------------------- Ocean Voyager one well mid July 2001 mid August 2001 - ------------------------------------------------------------------------------------------------- Ocean Yatzy five-year term plus early November 1998 early November 2003 option - ------------------------------------------------------------------------------------------------- Ocean Worker four-year term plus mid January 1998 mid January 2002 option - ------------------------------------------------------------------------------------------------- Ocean Quest - - - - ------------------------------------------------------------------------------------------------- Ocean Winner 18-month extension early July 2001 late October 2002 - ------------------------------------------------------------------------------------------------- Ocean Star six month term plus late April 2001 late October 2001 option - ------------------------------------------------------------------------------------------------- Ocean Victory 180-day term plus late March 2001 mid October 2001 option - ------------------------------------------------------------------------------------------------- 2

RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------- Ocean America one well assignment early April 2001 early November 2001 from BP - ------------------------------------------------------------------------------------------------- Ocean Valiant 810 day term late April 2001 late December 2001 - ------------------------------------------------------------------------------------------------- Ocean Alliance three-year term early September 2000 early September 2003 - ------------------------------------------------------------------------------------------------- Ocean Baroness - - February 2002 - ------------------------------------------------------------------------------------------------- Ocean Confidence five-year term early January 2001 early January 2006 - ------------------------------------------------------------------------------------------------- Ocean Clipper three-year term mid January 2000 mid January 2003 - ------------------------------------------------------------------------------------------------- NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico 3 ** TABLE CONTINUED..... **

DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------- Ocean Crusader lower 40's available - ------------------------------------------------------------------------------------------- Ocean Drake lower 40's available - ------------------------------------------------------------------------------------------- Ocean Champion upper 30's available - ------------------------------------------------------------------------------------------- Ocean Columbia lower 40's three month extension plus option with BP in lower 50's ending late October 2001 - ------------------------------------------------------------------------------------------- Ocean Spartan upper 40's available - ------------------------------------------------------------------------------------------- Ocean Spur upper 40's available - ------------------------------------------------------------------------------------------- Ocean Sovereign lower 30's available - ------------------------------------------------------------------------------------------- Ocean Heritage mid 30's available - ------------------------------------------------------------------------------------------- Ocean King lower 50's available - ------------------------------------------------------------------------------------------- Ocean Nugget lower 50's available - ------------------------------------------------------------------------------------------- Ocean Summit - shipyard for spud can inspection ending early August 2001 - ------------------------------------------------------------------------------------------- Ocean Warwick lower 50's 90 day extension plus option with BP in upper 50's ending early October 2001 - ------------------------------------------------------------------------------------------- Ocean Titan mid 40's followed by one well plus option with Dominion in lower 50's ending early November 2001 - ------------------------------------------------------------------------------------------- Ocean Tower lower 40's one well extension plus option with Spinnaker in mid 40's ending early August 2001 - ------------------------------------------------------------------------------------------- Ocean Liberator - available - ------------------------------------------------------------------------------------------- Ocean Century - - - ------------------------------------------------------------------------------------------- Ocean Ambassador mid 50's available - ------------------------------------------------------------------------------------------- Ocean Nomad lower 70's one well plus two options with Veba in mid 60's ending late October 2001 - ------------------------------------------------------------------------------------------- Ocean New Era lower 40's one well plus option with Texaco J.I.P. in mid 50's ending mid October 2001 - ------------------------------------------------------------------------------------------- 1

DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------- Ocean Bounty lower 80's available - ------------------------------------------------------------------------------------------- Ocean Guardian lower 70's available - ------------------------------------------------------------------------------------------- Ocean Princess lower 40's three month term plus options with Talisman in high 60's ending early December 2001. - ------------------------------------------------------------------------------------------- Ocean Whittington lower 60's one well with ExxonMobil in lower 60's ending mid August 2001 - ------------------------------------------------------------------------------------------- Ocean Epoch lower 60's second option well with CACT in lower 60's ending early September 2001 - ------------------------------------------------------------------------------------------- Ocean General lower 80's four wells plus 1 abandonment with OMV in mid 90's ending early January 2002 - ------------------------------------------------------------------------------------------- Ocean Prospector - - - ------------------------------------------------------------------------------------------- Ocean Endeavor lower 40's available - ------------------------------------------------------------------------------------------- Ocean Rover - - - ------------------------------------------------------------------------------------------- Ocean Concord lower 40's one well plus option in mid 50's ending early August 2001; followed by one well plus option with Walter in mid 40's ending early September 2001 - ------------------------------------------------------------------------------------------- Ocean Lexington upper 40's available - ------------------------------------------------------------------------------------------- Ocean Saratoga upper 40's available - ------------------------------------------------------------------------------------------- Ocean Yorktown lower 60's Upgrade for Enterprise contract ending late August 2001 - ------------------------------------------------------------------------------------------- Ocean Voyager mid 40's available - ------------------------------------------------------------------------------------------- Ocean Yatzy 120's available - ------------------------------------------------------------------------------------------- Ocean Worker 120's available - ------------------------------------------------------------------------------------------- Ocean Quest - available - ------------------------------------------------------------------------------------------- Ocean Winner lower 80's available - ------------------------------------------------------------------------------------------- Ocean Star 100's available - ------------------------------------------------------------------------------------------- Ocean Victory 110's available - ------------------------------------------------------------------------------------------- 2