Attached files

file filename
EX-99.1 - EX-99.1 - DIAMOND OFFSHORE DRILLING, INC.d433371dex991.htm
8-K - 8-K - DIAMOND OFFSHORE DRILLING, INC.d433371d8k.htm

Exhibit 99.2

 

LOGO   

Diamond Offshore Drilling, Inc.

Rig Status Report

July 31, 2017

Updated information noted in bold print

RECENT COMMITMENTS (See Body of Report For Contract Details)

Ocean Guardian

 

     Water
Depth ¹
          Year 3                Contract
Dayrate
   Estimated    Estimated             Downtime 4         

Rig Name

   (feet)     

Type 2

  

Built

   Location     

Operator

  

(USD)

  

Start Date

   End Date      Status      3Q17 E      Comments  
                             Totals:        61     
                             

 

 

    

Gulf of Mexico

                                

Ocean BlackHawk

     12,000      DS 15K DP    2014      US GOM      Anadarko    495,000    late May 2014      mid Jun 2019       

5-year term +
unpriced
option
 
 
 
     4     

Ocean BlackHornet

     12,000      DS 15K DP    2014      US GOM      Anadarko    495,000    mid Apr 2015      mid Apr 2020       

5-year term +
unpriced
option
 
 
 
     

Ocean BlackRhino

     12,000      DS 15K DP    2014      US GOM      Hess    400,000    mid Feb 2017      mid Feb 2020       

3-year term +
unpriced
options
 
 
 
     7     

Ocean BlackLion

     12,000      DS 15K DP    2015      US GOM      Hess    400,000    mid Feb 2016      mid Feb 2020       

4-year term +
unpriced
options
 
 
 
     

Ocean Scepter

     350      JU 15K IC    2008      Mexico      Fieldwood    Undisclosed    mid Feb 2017      mid Oct 2017       
1 well + 1
option well
 
 
     5     

North Sea / Mediterranean / W. Africa

                          

Ocean Guardian

     1,500      SS 15K    1985      UK      Azinor Catalyst    Undisclosed    early Aug 2017      late Aug 2017        1 well        
               Decipher    Undisclosed    mid Feb 2018      mid May 2018        1 well        

Ocean Patriot

     3,000      SS 15K    1983      UK      Shell    400,511    late Oct 2014      late Oct 2017        3-year term        
              UK      Apache    Undisclosed    early Jun 2018      early Jun 2020       
2-year term +
options
 
 
     

Ocean Valiant

     5,500      SS 15K    1988      UK      Maersk    Undisclosed    early Nov 2016      early Feb 2018       
13 Wells +
priced options
 
 
     

Australasia

                                

Ocean Apex

     6,000      SS 15K    2014      Australia      Woodside    285,000    mid May 2016      mid Nov 2017       
18-month
term
 
 
     
              Australia      Woodside    205,000    mid Nov 2017      mid Feb 2018       
3-month
extension
 
 
     

Ocean Monarch

     10,000      SS 15K    2008      Australia      BHP    —      mid Jan 2017      early Jun 2017       


Contract Prep,
Special
Survey &
Mobilization
 
 
 
 
     
              Australia      BHP    Undisclosed    early Jun 2017      late Sept 2017       

13 Wells +
unpriced
option
 
 
 
     
              Australia      Cooper Energy    Undisclosed    early Mar 2018      late Jun 2018           
              Australia      Origin Energy    Undisclosed    late Jun 2018      late Nov 2018        4 Wells        

Ocean GreatWhite

     10,000      SS 15K DP    2016      Malaysia      BP    Undisclosed    mid Jan 2017      mid Jan 2020       

3-year term +
2 x 1-year
priced options
 
 
 
     

South America

                                

Ocean Courage

     10,000      SS 15K DP    2009      Brazil      Petrobras    455,000    late Oct 2015      late Feb 2018       
3-year
extension
 
 
     45     
              Brazil      Petrobras    380,000    late Feb 2018      late Jul 2020       
Term
extension
 
 
     

Ocean Valor

     10,000      SS 15K DP    2009      Brazil      Petrobras    455,000    early Jul 2016      mid Oct 2018       
Pending
Litigation
 
 
     

COLD STACKED

                                

Ocean America

     5,500      SS 15K    1988      Malaysia      —      —      —        —          Stacked        

Ocean Victory

     5,500      SS 15K    1997      US GOM      —      —      —        —          Stacked        

Ocean Onyx

     6,000      SS 15K    2014      US GOM      —      —      —        —          Stacked        

Ocean Rover

     8,000      SS 15K    2003      Malaysia      —      —      —        —          Stacked        

Ocean Confidence

     10,000      SS 15K DP    2001     
Canary
Islands
 
 
   —      —      —        —          Stacked        

Ocean Endeavor

     10,000      SS 15K    2007      Italy      —      —      —        —          Stacked        

Held For Sale

                                

Ocean Nomad

     1,200      SS    1975      UK                       

Ocean Princess

     1,500      SS 15K    1975      UK                       

Ocean Vanguard

     1,500      SS 15K    1982      UK                       

Ocean Alliance

     5,250      SS 15K DP    1988      US GOM                       

Ocean Baroness

     8,000      SS 15K    2002      US GOM                       

 

Please refer to accompanying disclaimer as well as Diamond Offshore’s 10-K and 10-Q filings with the SEC.

   Page 1 of 3


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 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.) Downtime only includes downtime periods that as of this report date are experienced, or have been planned and estimable and/or 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.

General Notes

Average Utilization: Assume rates of 92% for DP units, 95% for conventionally moored rigs, and 97% 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 2 of 3


LOGO   

Diamond Offshore Drilling, Inc.

Rig Status Report

Statements contained in this report that are not historical facts are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those anticipated or expected by management of the Company. A discussion of the important risk factors and other considerations that could materially impact these matters as well as the Company’s overall business and financial performance can be found in the Company’s reports filed with the Securities and Exchange Commission, and readers of this report are urged to review those reports carefully when considering these forward-looking statements. Copies of these reports are available through the Company’s website at www.diamondoffshore.com. These risk factors include, among others, risks associated with worldwide demand for drilling services, level of activity in the oil and gas industry, renewing or replacing expired or terminated contracts, contract cancellations and terminations, maintenance and realization of backlog, competition and industry fleet capacity, impairments and retirements, operating risks, changes in tax laws and rates, regulatory initiatives and compliance with governmental regulations, construction of new builds, casualty losses, and various other factors, many of which are beyond the Company’s control. Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this report. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any forward-looking statement is based.

 

Page 3 of 3