Attached files
| file | filename |
|---|---|
| 8-K - 8-K - DIAMOND OFFSHORE DRILLING, INC. | d917913d8k.htm |
| EX-99.1 - EX-99.1 - DIAMOND OFFSHORE DRILLING, INC. | d917913dex991.htm |
Exhibit 99.2
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Diamond Offshore Drilling, Inc. Rig Status Report May 4, 2015 Updated information noted in bold print |
RECENT COMMITMENTS (See Body of Report For Contract Details)
Ocean America: One-well
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Water 1 Depth |
Year 3 | Contract Dayrate |
Estimated | Estimated | Planned Downtime
4 (For Periods Lasting >10 days) |
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| Rig Name |
(feet) | Type 2 |
Built |
Location |
Operator |
(USD) |
Start Date |
End Date |
Status |
2Q15 E | 3Q15 E | 4Q15 E | Comments | |||||||||||||||||||||
| Totals: | 370 | 222 | 60 | |||||||||||||||||||||||||||||||
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| Gulf of Mexico - U.S. |
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| Ocean BlackHawk |
12,000 | DS 15K DP | 2014 | US GOM | Anadarko | 495,000 | late May 2014 | mid Jun 2019 | 5-year term + unpriced option | |||||||||||||||||||||||||
| Ocean BlackHornet |
12,000 | DS 15K DP | 2014 | US GOM | Anadarko | 495,000 | mid Apr 2015 | mid Apr 2020 | 5-year term + unpriced option | 14 | Customer acceptance | |||||||||||||||||||||||
| Ocean BlackRhino |
12,000 | DS 15K DP | 2014 | S. Korea | — | — | mid Dec 2014 | late May 2015 | Mobe to GOM; customer acceptance | 60 | Mobe, customer acceptance | |||||||||||||||||||||||
| US GOM | Murphy | 550,000 | late May 2015 | late Feb 2016 | 265-day term; prior to commencement of contract, may be converted into term lasting until Jun 2016 | |||||||||||||||||||||||||||||
| US GOM | — | — | late Feb 2016 | Q4 2016 | Actively marketing | |||||||||||||||||||||||||||||
| US GOM | Hess | 400,000 | Q4 2016 | Q4 2019 | 3-year Term | |||||||||||||||||||||||||||||
| Gulf of Mexico - Mexico |
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| Ocean Nugget (note 5) |
300 | JU IC | 1976 | Mexico | Pemex | 97,000 | early Jul 2013 | mid Aug 2016 | 1,136-day term | |||||||||||||||||||||||||
| Ocean Summit (note 5) |
300 | JU IC | 1972 | Mexico | Pemex | 85,999 | mid Sep 2012 | late May 2015 | 985-day term | |||||||||||||||||||||||||
| Ocean Scepter |
350 | JU 15K IC | 2008 | Mexico | Pemex | 158,000 | early Jun 2014 | early Mar 2016 | 639-day term | |||||||||||||||||||||||||
| Ocean Ambassador (note 5) |
1,100 | SS | 1975 | Mexico | Pemex | 211,445 | early Mar 2014 | early Mar 2016 | 730-day term | |||||||||||||||||||||||||
| North Sea / Mediterranean / W. Africa |
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| Ocean Guardian |
1,500 | SS 15K | 1985 | UK | Shell | 352,000 | mid Jan 2015 | mid Jul 2015 | Continuation of 1-year extension | 40 | 5-Year Special Survey | |||||||||||||||||||||||
| Ocean Patriot |
3,000 | SS 15K | 1983 | UK | Shell | 400,511 | late Oct 2014 | late Oct 2017 | 3-year term | |||||||||||||||||||||||||
| Ocean Valiant |
5,500 | SS 15K | 1988 | UK | Premier Oil | 165,000 | early Apr 2015 | early Jun 2015 | Contract prep | |||||||||||||||||||||||||
| UK | Premier Oil | 320,000 | early Jun 2015 | late Oct 2015 | Two wells + 4 x 1-well options | |||||||||||||||||||||||||||||
| Ocean Endeavor |
10,000 | SS 15K | 2007 | Black Sea | ExxonMobil | 521,665 | late Jun 2014 | late Dec 2015 | 18-month term (dayrate incl. 50% of potential 6.6% bonus) + 6 x 6-month unpriced options. | |||||||||||||||||||||||||
| Ocean Confidence |
10,000 | SS 15K DP | 2001 | Canary Islands | — | — | late Apr 2014 | mid May 2015 | Maintenance | 45 | Maintenance | |||||||||||||||||||||||
| — | — | — | — | Actively marketing | ||||||||||||||||||||||||||||||
| Please refer to accompanying disclaimer as well as Diamond Offshore’s 10-K and 10-Q filings with the SEC. |
Page 1 of 3 |
|
Water 1 Depth |
Year 3 | Contract Dayrate |
Estimated | Estimated | Planned Downtime
4 (For Periods Lasting >10 days) |
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| Rig Name |
(feet) | Type 2 |
Built |
Location |
Operator |
(USD) |
Start Date |
End Date |
Status |
2Q15 E | 3Q15 E | 4Q15 E | Comments | |||||||||||||||||||||
| Australasia |
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| Ocean Quest |
4,000 | SS 15K | 1973 | Malaysia | — | — | early May 2015 | early July 2015 | Actively marketing | |||||||||||||||||||||||||
| early July 2015 | late Aug 2015 | Mobe; helideck upgrade | 60 | Helideck upgrade | ||||||||||||||||||||||||||||||
| Ocean America |
5,500 | SS 15K | 1988 | Australia | Chevron | 475,000 | late Nov 2013 | late May 2015 | 18-month term | |||||||||||||||||||||||||
| Australia | Apache | 265,000 | late May 2015 | late Jul 2015 | One well | |||||||||||||||||||||||||||||
| Ocean Apex |
6,000 | SS 15K | 2014 | Malaysia | — | — | — | — | Actively marketing | |||||||||||||||||||||||||
| Ocean Rover |
8,000 | SS 15K | 2003 | Malaysia | Murphy | 465,000 | early Mar 2014 | early Mar 2016 | 2-year term | |||||||||||||||||||||||||
| Ocean Monarch |
10,000 | SS 15K | 2008 | Malaysia | — | — | mid Sep 2014 | early Jun 2015 | Mobe; contract prep; customer acceptance | 65 | Mobe, contract prep | |||||||||||||||||||||||
| Australia | Apache Corporation | 410,000 | early Jun 2015 | early Oct 2016 | 18-month term + 1 year option | |||||||||||||||||||||||||||||
| Australia | Apache Corporation | 350,000 | early Oct 2016 | early Dec 2016 | (2 months at reduced rate) on 18-month term + 1 year option | |||||||||||||||||||||||||||||
| Brazil / S. America |
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| Ocean Lexington (note 5) |
2,200 | SS | 1976 | Trinidad | BG Intl / Centrica | 300,000 | early Nov 2013 | late Jun 2015 | Six wells | |||||||||||||||||||||||||
| US GOM | BG Intl / Centrica | 300,000 | late Jun 2015 | mid Jul 2015 | Prep and demobe to US GOM | |||||||||||||||||||||||||||||
| US GOM | — | — | mid Jul 2015 | mid Sep 2015 | Prep, 5-year special survey, and mobe to Mexico | 0 | 60 | Prep, 5-year survey, mobe | ||||||||||||||||||||||||||
| Mexico | Pemex | 160,000 | mid Sep 2015 | late Mar 2018 | Firm term | |||||||||||||||||||||||||||||
| Ocean Alliance |
5,250 | SS 15K DP | 1988 | Brazil | Petrobras | 367,089 | late Jul 2010 | mid Jun 2016 | 6-year term (incl. 50% of potential 15% bonus) | 15 | Maintenance | |||||||||||||||||||||||
| Ocean Victory |
5,500 | SS 15K | 1997 | Trinidad | BP | 398,000 | early May 2015 | early May 2017 | 2-year term + 1-year unpriced option | 30 | Mobe to Trinidad | |||||||||||||||||||||||
| Ocean Onyx |
6,000 | SS 15K | 2014 | Trinidad | BG International | 390,000 | mid Apr 2015 | late Jun 2015 | One well | 10 | Customer acceptance | |||||||||||||||||||||||
| Trinidad | BG International | 360,000 | late Jun 2015 | late Aug 2015 | One well | |||||||||||||||||||||||||||||
| Ocean Clipper |
7,875 | DS 15K DP | 1997 | Brazil | Petrobras | 312,625 | late Jan 2015 | early Dec 2015 | Remainder of 5-year term contract (incl. 50% of potential 5% bonus) + unpriced option | |||||||||||||||||||||||||
| Ocean Baroness (note 6) |
8,000 | SS 15K | 2002 | Brazil | Petrobras | 276,750 | early Sep 2011 | early Sep 2015 | Remainder of 5-year term (incl. 50% of potential 5% bonus) | |||||||||||||||||||||||||
| Brazil | Petrobras | 310,000 | early Sep 2015 | early Sep 2018 | 3-year extension | |||||||||||||||||||||||||||||
| Ocean Courage |
10,000 | SS 15K DP | 2009 | Brazil | Petrobras | 567,000 | late Feb 2015 | late Oct 2015 | 3-year extension + $112,000 uplift (incl. 50% of potential 6% bonus) | 10 | Maintenance | |||||||||||||||||||||||
| Brazil | Petrobras | 455,000 | late Oct 2015 | late Feb 2018 | 3-year extension | |||||||||||||||||||||||||||||
| Ocean Valor |
10,000 | SS 15K DP | 2009 | Brazil | Petrobras | 440,000 | early Sep 2011 | mid Oct 2015 | Remainder of 5-year term | |||||||||||||||||||||||||
| Brazil | Petrobras | 455,000 | mid Oct 2015 | mid Oct 2018 | 3-year extension | |||||||||||||||||||||||||||||
| Rigs Under Construction |
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| Ocean BlackLion |
12,000 | DS 15K DP | 2015 | S. Korea | — | — | Q2 2012 | Q4 2015 | Hyundai shipyard; commissioning; mobe; acceptance | 91 | 92 | 60 | Mobe, acceptance testing | |||||||||||||||||||||
| US GOM | Hess | 400,000 | Q4 2015 | Q4 2019 | 4-year Term | |||||||||||||||||||||||||||||
| Ocean GreatWhite |
10,000 | SS 15K DP | 2016 | S. Korea | — | — | Q3 2013 | H2 2016 | Hyundai shipyard; commissioning; mobe; acceptance | |||||||||||||||||||||||||
| Australia | BP | 585,000* | H2 2016 | H2 2019 | 3-year term + 2 x 1-year priced options (@ 585,000 + escalations); *Dayrate to increase for customer-requested equipment additions | |||||||||||||||||||||||||||||
| Please refer to accompanying disclaimer as well as Diamond Offshore’s 10-K and 10-Q filings with the SEC. |
Page 2 of 3 |
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Water 1 Depth |
Year 3 | Contract Dayrate |
Estimated | Estimated | Planned Downtime 4 (For Periods Lasting >10 days) |
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| Rig Name |
(feet) | Type 2 |
Built |
Location |
Operator |
(USD) |
Start Date |
End Date |
Status |
2Q15 E | 3Q15 E | 4Q15 E | Comments | |||||||||||||||
| COLD STACKED |
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| Ocean King |
300 | JU IC | 1973 | US GOM | — | — | — | — | Stacked | |||||||||||||||||||
| Ocean Titan |
350 | JU 15K IC | 1974 | US GOM | — | — | — | — | Stacked | |||||||||||||||||||
| Ocean Spur |
300 | JU IC | 1981 | Malaysia | — | — | — | — | Prepare for cold stacking | |||||||||||||||||||
| Ocean Nomad (note 7) |
1,200 | SS | 1975 | UK | — | — | — | — | Stacked | |||||||||||||||||||
| Ocean Princess |
1,500 | SS 15K | 1975 | UK | — | — | — | — | Stacked | |||||||||||||||||||
| Ocean Vanguard |
1,500 | SS 15K | 1982 | UK | — | — | — | — | Stacked | |||||||||||||||||||
| Ocean General |
3,000 | SS | 1976 | Malaysia | — | — | — | — | Stacked | |||||||||||||||||||
| Ocean Star |
5,500 | SS 15K | 1997 | US GOM | — | — | — | — | Stacked | |||||||||||||||||||
| RETIRED |
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| Ocean Winner |
4,000 | SS | 1976 | Brazil | — | — | — | — | Prep for exportation, scrapping | |||||||||||||||||||
| Ocean Saratoga |
2,200 | SS | 1976 | US GOM | — | — | — | — | Stacked | |||||||||||||||||||
| Ocean Yorktown |
2,850 | SS | 1976 | US GOM | — | — | — | — | Stacked | |||||||||||||||||||
| Ocean Worker |
4,000 | SS | 1982 | US GOM | — | — | — | — | Stacked | |||||||||||||||||||
NOTES
(1.) Water Depth refers to the rig’s rated operating water depth capability. Often, rigs are capable of drilling or have drilled in greater water depths.
(2.) Rig Type and capabilities: JU=Jack-up; SS=Semisubmersible; DS=Drillship; 15K=15,000 PSI Well-Control System; DP=Dynamically Positioned Rig; IC=Independent-Leg Cantilevered Rig.
(3.) Year Built represents when rig was (or is expected to be) built and originally placed in service or year redelivered with significant enhancements that enabled the rig to be classified within a different floater category than when originally constructed.
(4.) Planned Downtime only includes downtime periods that as of this report date are, or have been, planned and estimable and do not necessarily reflect actual downtime experienced. Additional downtime may be experienced in the form of possible mobes for new jobs not yet contracted, possible acceptance testing at new jobs, and unplanned maintenance and repairs. Survey start times may also be accelerated or delayed for various reasons.
(5.) A representative of PEMEX has verbally informed us of PEMEX’s intention to exercise its contractual right to terminate its drilling contracts on the Ocean Ambassador, the Ocean Nugget and the Ocean Summit, and to cancel its drilling contract on the Ocean Lexington. As of the date of this report, we have not received written notice of termination or cancellation. We are in discussions with PEMEX regarding the rigs.
(6.) Petrobras has notified us that it has a right to terminate the drilling contract on the Ocean Baroness and has verbally informed us that it does not intend to continue to use the rig. We are in discussions with Petrobras regarding the rig.
(7.) Our subsidiary has received notice of termination of its drilling contract from Dana Petroleum (E&P) Limited, the customer for the Ocean Nomad. The drilling contract was estimated to conclude in accordance with its terms in August 2015. We do not believe that Dana had a valid basis for terminating the contract, and we intend to defend our rights under the contract.
General Notes
Average Utilization: Assume rates of 92% for DP units, 96% for conventionally moored rigs, and 98% for jack-ups. Rig utilization rates can be adversely impacted by additional downtime due to unscheduled repairs and maintenance, and other factors.
Options should be assumed to be unpriced unless otherwise indicated.
Dayrates exclude amortized revenue related to amounts earned for certain activities, such as mobe, demobe, contract preparation, etc.
Survey Costs: During surveys, normal operating expense will be incurred, plus additional costs.
US GOM=U.S. Gulf of Mexico
| Please refer to accompanying disclaimer as well as Diamond Offshore’s 10-K and 10-Q filings with the SEC. |
Page 3 of 3 |