SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report: SEPTEMBER 13, 2001
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Date of earliest event reported: SEPTEMBER 10, 2001
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DIAMOND OFFSHORE DRILLING, INC.
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(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-13926 76-0321760
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(State or Other (Commission File Number) (IRS Employer
Jurisdiction Identification No.)
of Incorporation)
15415 KATY FREEWAY, HOUSTON, TEXAS 77094
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (281) 492-5300
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NOT APPLICABLE
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(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
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99.1 Rig Status Report as of September 10, 2001
ITEM 9. REGULATION FD DISCLOSURE
The Registrant hereby incorporates by reference into this Item 9 the
summary report of the status, as of September 10, 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
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William C. Long
Vice President, General Counsel & Secretary
Dated: September 13, 2001
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EXHIBIT INDEX
Exhibit number Description
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99.1 Rig Status Report as of September 10, 2001
4
EXHIBIT 99.1
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
SEPTEMBER 10, 2001
RATED
WATER
RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR
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Ocean Crusader 200' Mat Cantilever GOM Contracted Walter
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Ocean Drake 200' Mat Cantilever GOM Contracted Chevron
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Ocean Champion 250' Mat Slot GOM Shipyard -
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Ocean Columbia 250' Independent Leg Cantilever GOM Contracted BP
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Ocean Spartan 250' Independent Leg Cantilever GOM Contracted BP
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Ocean Spur 250' Independent Leg Cantilever GOM Contracted BP
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Ocean Sovereign 250' Independent Leg Cantilever Indonesia Contracted Maxus
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Ocean Heritage 250' Independent Leg Cantilever Indonesia Contracted Maxus
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Ocean King 300' Independent Leg Cantilever GOM Contracted BP
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Ocean Nugget 300' Independent Leg Cantilever GOM Standby/Actively -
Marketing
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Ocean Summit 300' Independent Leg Cantilever GOM Shipyard -
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Ocean Warwick 300' Independent Leg Cantilever GOM Contracted BP
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Ocean Titan 350' Independent Leg Slot GOM Contracted Dominion
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Ocean Tower 350' Independent Leg Slot GOM Contracted Spinnaker
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Ocean Liberator 600' Aker H-3 Ivory Coast Stacked -
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Ocean Century 800' Korkut GOM Cold Stacked -
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Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted Devon
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1
RATED
WATER
RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR
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Ocean Nomad 1,200' Aker H-3 North Sea Contracted Veba
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Ocean New Era 1,500' Korkut GOM Contracted Texaco JIP
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Ocean Bounty 1,500' Victory Class Australia Contracted Woodside
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Ocean Guardian 1,500' Earl & Wright Sedco North Sea Contracted Shell
711 Series
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Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman
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Ocean Whittington 1,500' Aker H-3 Brazil Shipyard -
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Ocean Epoch 1,640' Korkut China Contracted CACT
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Ocean General 1,640' Korkut Australia Contracted Woodside
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Ocean Prospector 1,700' Victory Class GOM Cold Stacked -
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Ocean Endeavor 2,000' Victory Class GOM Contracted Samedan
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Ocean Concord 2,200' F&G SS-2000 GOM Contracted Walter
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Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Murphy
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Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted Pogo Producing
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Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Enterprise
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Ocean Voyager 3,200' Victory Class GOM Contracted Spinnaker
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Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras
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2
RATED
WATER
RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR
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Ocean Worker 3,500' F&G 9500 Enhanced GOM Contracted Shell
Pacesetter
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Ocean Quest 3,500' Victory Class GOM Contracted BHP
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Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras
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Ocean Star 5,500' Victory Class GOM Contracted Kerr McGee
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Ocean Victory 5,500' Victory Class GOM Contracted BP
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Ocean America 5,500' Ocean Odyssey GOM Contracted Anadarko
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Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Amerada Hess
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Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras
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Ocean Baroness 6,500' Victory Class Singapore Shipyard Upgrade -
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Ocean Rover 6,500' Victory Class GOM Upgrade -
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Ocean Confidence 7,500' DP Aker H-3.2 Modified GOM Contracted BP
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Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras
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NOTES:
DOTS = Diamond Offshore Team Solutions, Inc.
GOM = Gulf of Mexico
3
** TABLE CONTINUED **
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE
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Ocean Crusader two workovers early August 2001 mid September 2001
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Ocean Drake six month extension late March 2001 late October 2001
plus option
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Ocean Champion - early August 2001 mid October 2001
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Ocean Columbia term contract late July 2001 mid September 2001
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Ocean Spartan six month term late May 2001 late November 2001
plus option
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Ocean Spur six month term early April 2001 early October 2001
plus option
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Ocean Sovereign two-year term mid September 2000 mid October 2002
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Ocean Heritage one-year term late January 2001 late January 2002
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Ocean King 90 day term late May 2001 mid September 2001
plus option
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Ocean Nugget - early September 2001 -
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Ocean Summit - mid June 2001 late September 2001
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Ocean Warwick 90 day extension mid July 2001 early October 2001
plus option
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Ocean Titan one-well mid May 2001 late September 2001
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Ocean Tower one well plus option early August 2001 early October 2001
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Ocean Liberator - - -
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Ocean Century - - -
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Ocean Ambassador one well late July 2001 mid September 2001
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1
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE
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Ocean Nomad one well early August 2001 mid October 2001
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Ocean New Era one well (mud lift JIP) early August 2001 mid October 2001
plus option
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Ocean Bounty two wells early March 2001 mid September 2001
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Ocean Guardian nine months plus option mid May 2001 mid February 2002
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Ocean Princess three month term early September 2001 early December 2001
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Ocean Whittington - early September 2001 early October 2001
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Ocean Epoch second option well early August 2001 early October 2001
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Ocean General 200-day term contract mid February 2001 late September 2001
plus option
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Ocean Prospector - - -
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Ocean Endeavor one well early September 2001 late September 2001
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Ocean Concord one well early August 2001 mid September 2001
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Ocean Lexington nine month term early June 2001 early March 2002
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Ocean Saratoga two wells mid August 2001 mid October 2001
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Ocean Yorktown 16 well development early September 2001 early September 2003
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Ocean Voyager one well mid July 2001 mid September 2001
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Ocean Yatzy five-year term early November 1998 early November 2003
plus option
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2
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE
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Ocean Worker four-year term mid January 1998 mid January 2002
plus option
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Ocean Quest one well mid August 2001 late October 2001
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Ocean Winner 18-month extension early July 2001 late October 2002
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Ocean Star six month term late April 2001 late October 2001
plus option
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Ocean Victory 180-day term late March 2001 mid October 2001
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Ocean America one well assignment early April 2001 late November 2001
from BP
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Ocean Valiant 810 day term late April 2001 early December 2001
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Ocean Alliance three-year term early September 2000 early September 2003
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Ocean Baroness - - February 2002
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Ocean Rover - - Second Quarter 2003
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Ocean Confidence five-year term early January 2001 early January 2006
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Ocean Clipper three-year term mid January 2000 mid January 2003
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NOTES:
DOTS = Diamond Offshore Team Solutions, Inc.
GOM = Gulf of Mexico
3
** TABLE CONTINUED **
DAYRATE
RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION
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Ocean Crusader lower 30's shipyard for scheduled survey ending mid November
2001.
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Ocean Drake lower 40's available
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Ocean Champion - Inspection and repair
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Ocean Columbia lower 40's available
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Ocean Spartan upper 40's available
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Ocean Spur upper 40's available
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Ocean Sovereign lower 30's available
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Ocean Heritage mid 30's available
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Ocean King lower 50's one well plus option with BP in mid 50's ending
early December 2001.
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Ocean Nugget - available
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Ocean Summit - available
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Ocean Warwick upper 50's available
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Ocean Titan mid 40's followed by one well plus option with Dominion in
lower 50's ending late November 2001
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Ocean Tower mid 40's available
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Ocean Liberator - available
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Ocean Century - -
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Ocean Ambassador lower 50's available
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1
DAYRATE
RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION
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Ocean Nomad mid 60's one well with Shell in lower 70's ending mid
November 2001; followed by two wells with Veba in
lower 70's ending mid February 2002.
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Ocean New Era mid 50's available
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Ocean Bounty lower 80's second of two wells with Woodside in lower 90's
ending mid October 2001, followed by demobe in
lower 80's through early December 2001.
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Ocean Guardian lower 70's available
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Ocean Princess upper 60's three month option plus option with Talisman in
upper 70's ending early March 2002.
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Ocean Whittington - survey ending early October 2001, followed by one
well plus option with Devon in lower 60's ending
early November 2001.
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Ocean Epoch lower 60's available
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Ocean General lower 80's four wells plus 1 abandonment with OMV in mid 90's
ending late January 2002
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Ocean Prospector - -
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Ocean Endeavor upper 40's available
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Ocean Concord mid 50's one well plus option with Walter in mid 40's ending
mid October 2001
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Ocean Lexington upper 40's available
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Ocean Saratoga mid 50's available
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Ocean Yorktown lower 60's available
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Ocean Voyager mid 40's one well plus option with Westport in mid 40's
ending late October 2001.
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Ocean Yatzy 120's available
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2
DAYRATE
RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION
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Ocean Worker 120's available
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Ocean Quest lower 90's available
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Ocean Winner lower 80's available
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Ocean Star 100's available
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Ocean Victory 110's three month extension with BP in 120's ending mid
January 2002.
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Ocean America 110's available
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Ocean Valiant 120's available
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Ocean Alliance 110's available
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Ocean Baroness - available
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Ocean Rover - available
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Ocean Confidence 170's available
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Ocean Clipper lower 90's available
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NOTES:
DOTS = Diamond Offshore Team Solutions, Inc.
GOM = Gulf of Mexico
3
