1
Exhibit 99.1
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF February 13, 2006
Dayrate | ||||||||||||||||||||
Rig Name | WD | Design | Location | Status* | Operator | Current Term | (000s) | Start Date | Est. End Date | Future Contracts and Other Information | ||||||||||
Domestic Deepwater Semisubmersibles (7) | ||||||||||||||||||||
Ocean Quest | 3,500’ | Victory Class | GOM | Contracted | Noble | term | low 240’s | mid Oct. 2005 | mid April 2006 | One year term extension with Noble in low 270’s beginning mid April 2006 and ending mid April 2007. Available; actively marketing. | ||||||||||
Ocean Star | 5,500’ | Victory Class | GOM | Contracted | Kerr-McGee | one year term + option | mid 170’s | mid Nov. 2005 | mid Oct. 2006 | LOI for one-year term plus option in mid 380’s beginning mid Oct. 2006 and ending mid Oct. 2007. Available; actively marketing. | ||||||||||
Ocean America | 5,500’ | Ocean Odyssey | GOM | Contracted | ENI | second of two well extension, assignment from Mariner | low 130’s | late Dec. 2005 | late Mar. 2006 | One year term plus option with Mariner in low 230’s beginning late Mar. 2006 and ending late Mar. 2007. Available; actively marketing. | ||||||||||
Ocean Valiant | 5,500’ | Ocean Odyssey | GOM | Contracted | Kerr-McGee | 180 day extension | mid 150’s | mid Sept. 2005 | mid Mar. 2006 | 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; followed by one-year term extension with Kerr-McGee plus option in mid 390’s beginning mid Mar. 2007 and ending mid Mar. 2008. Available; actively marketing. | ||||||||||
Ocean Victory | 5,500’ | Victory Class | GOM | Contracted | Murphy | one year term | low 200’s | mid Nov. 2005 | mid Nov. 2006 | Two year term extension with Murphy in mid 320’s beginning mid Nov. 2006 and ending mid Nov. 2008. Available; actively marketing. | ||||||||||
Ocean Baroness | 7,000’ | Victory Class | GOM | Contracted | Amerada Hess | one year term | low 200’s | mid Nov. 2005 | mid Nov. 2006 | Three-year term extension with Amerada Hess plus option in mid 360’s beginning mid Nov. 2006 and ending mid Nov. 2009. Available; actively marketing. | ||||||||||
Ocean Confidence | 7,500’ | DP Aker H-3.2 Modified | GOM | Contracted | BP | two year term plus option | low 280’s | early Jan. 2006 | early Jan. 2008 | Available; actively marketing. | ||||||||||
Domestic 2nd/3rd Generation Semisubmersibles (5) | ||||||||||||||||||||
Ocean New Era | 1,500’ | Korkut | GOM | Contracted | W&T | one well | mid 150’s | late Dec. 2005 | mid Feb. 2006 | 225 day term plus option with Walter in mid 130’s for first 30 days, then mid 120’s for next 30 days, followed by mid 130’s until contract end in late Sept. Available; actively marketing. | ||||||||||
Ocean Voyager | 2,000’ | Victory Class | GOM | Contracted | Amerada Hess | one well | low 110’s | mid Dec. 2005 | late Feb. 2006 | One well with Petrobras in low 110’s beginning late Feb. and ending mid April 2006; followed by two wells plus option with Amerada Hess in mid 120’s beginning mid April 2006 and ending mid July 2006. Available; actively marketing. | ||||||||||
Ocean Concord | 2,200’ | F&G SS-2000 | GOM | Contracted | Woodside | one well | mid 90’s | mid Jan. 2006 | late Feb. 2006 | 90-day term plus option with Tana in low 130’s beginning late Feb. with one assignment well with Walter ending late March; followed by one well with Kerr-McGee in mid 90’s beginning late March 2006 and ending mid May; followed by 90-day remainder of term extension with Tana in low 130’s; followed by 90-day term extension with Tana plus option in low 170’s beginning mid July and ending early Oct. 2006. Available; actively marketing. | ||||||||||
Ocean Lexington | 2,200’ | F&G SS-2000 | GOM | Contracted | ExxonMobil | one well | mid 170’s | late Jan. 2006 | mid Mar. 2006 | Fourth well of four well extension with Walter in low 60’s beginning mid Mar. and ending early May 2006; followed by one well with Walter in low 80’s beginning early May and ending early June; followed by LOI for one well in low 200,000s beginning early July and ending early Aug. 2006. Available; actively marketing. | ||||||||||
Ocean Saratoga | 2,200’ | F&G SS-2000 | GOM | Contracted | LLOG | three wells | low 110’s | mid Nov. 2005 | early June 2006 | Special survey and maintenance (120-days) beginning early June and ending early Oct.; followed by six-month extension plus option in low 120’s with LLOG beginning in early Oct. 2006 and ending early April 2007. Available; actively marketing. |
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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF February 13, 2006
Dayrate | ||||||||||||||||||||
Rig Name | WD | Design | Location | Status* | Operator | Current Term | (000s) | Start Date | Est. End Date | Future Contracts and Other Information | ||||||||||
Domestic Jackups (11) | ||||||||||||||||||||
Ocean Crusader | 200’ | Mat Cantilever | GOM | Contracted | Woodside | one well | low 50’s | early Feb. 2006 | mid April 2006 | Three wells with Walter in low 80’s beginning mid April 2006 and ending mid July 2006. Available; actively marketing. | ||||||||||
Ocean Drake | 200’ | Mat Cantilever | GOM | Contracted | Chevron | term contract | low 100’s | late July 2005 | late June 2006 | Indexed term contract. Available; actively marketing. | ||||||||||
Ocean Champion | 250’ | Mat Slot | GOM | Contracted | Stone | six month term | mid 50’s | late Oct. 2005 | late April 2006 | LOI for one well in low 90’s beginning late April and ending early June 2006. Available; actively marketing. | ||||||||||
Ocean Columbia | 250’ | Independent Leg Cantilever | GOM | Contracted | Newfield | six month term + opt | low 100’s | early Feb. 2006 | early Aug. 2006 | Available; actively marketing. | ||||||||||
Ocean Spartan | 300’ | Independent Leg Cantilever | GOM | Contracted | LLOG | two wells | low 120’s | late Dec. 2005 | early April 2006 | Maintenance beginning early April and ending late May; followed by one well extension with LLOG in mid 120’s beginning in late May and ending late June 2006. Available; actively marketing. | ||||||||||
Ocean Spur | 300’ | Independent Leg Cantilever | GOM | Contracted | Apache | one well | low 110’s | late Dec. 2005 | mid Feb. 2006 | One year term in Tunisia with Soco Tunisia in mid 120’s, plus lump sum mobe and demobe, beginning mid Mar. 2006 and ending mid Mar. 2007. Available; actively marketing. | ||||||||||
Ocean King | 300’ | Independent Leg Cantilever | GOM | Contracted | Forest Oil | two wells | mid 70’s | mid Nov. 2005 | late Feb. 2006 | One year term with El Paso in mid 110’s beginning late Feb. 2006 and ending late Feb. 2007. Available; actively marketing. | ||||||||||
Ocean Nugget | 300’ | Independent Leg Cantilever | GOM | Contracted | Royal Production | two wells | mid 120’s | late Jan. 2006 | mid Mar. 2006 | Approximately 21-day survey beginning mid Mar. and ending early April 2006. Available; actively marketing. | ||||||||||
Ocean Summit | 300’ | Independent Leg Cantilever | GOM | Contracted | Novus Louisiana | one well | mid 80’s | early Jan. 2006 | mid Feb. 2006 | Six-month term with Chevron in low 100’s beginning mid Feb. and ending mid Aug. 2006. Available; actively marketing. | ||||||||||
Ocean Titan | 350’ | Independent Leg Cantilever | GOM | Contracted | Dominion | six month term | high 70’s | early Feb. 2006 | early Aug. 2006 | Available; actively marketing. | ||||||||||
Ocean Tower | 350’ | Independent Leg Cantilever | GOM | Contracted | Chevron | 180 day term, Part II | high 80’s | early Feb. 2006 | late April 2006 | Available; actively marketing. |
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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF February 13, 2006
Rig Name | WD | Design | Location | Status* | Operator | Current Term | Dayrate (000s) | Start Date | Est. End Date | Future Contracts and Other Information | ||||||||||
International Semisubmersibles (16) | ||||||||||||||||||||
MEXICO | ||||||||||||||||||||
Ocean Ambassador | 1,100’ | Bethlehem SS-2000 | GOM | Contracted | PEMEX | four year term work | mid 50’s | late July 2003 | mid Dec. 2007 | Available. | ||||||||||
Ocean Whittington | 1,500’ | Aker H-3 | GOM | Contracted | PEMEX | four year term work | low 60’s | late July 2003 | early Oct. 2006 | Available. | ||||||||||
Ocean Worker | 3,500’ | F&G 9500 Enhanced Pacesetter | GOM | Contracted | PEMEX | four year term work | high 60’s | mid Aug. 2003 | late July 2007 | Available. | ||||||||||
Ocean Yorktown | 2,850’ | F&G SS-2000 | GOM | Contracted | PEMEX | four year term work | mid 40’s | late Oct. 2003 | mid July 2007 | Available. | ||||||||||
NORTH SEA | ||||||||||||||||||||
Ocean Nomad | 1,200’ | Aker H-3 | North Sea | Contracted | Talisman | one year | high 150’s | early Feb. 2006 | early Feb. 2007 | 18-month extension with Talisman in mid 280’s beginning early Feb. 2007 and ending early Aug. 2008. Available; actively marketing. | ||||||||||
Ocean Guardian | 1,500’ | Earl & Wright Sedco 711 Series | North Sea | Contracted | Shell | one year | low 100’s | early Feb. 2006 | late Mar. 2006 | One-year term extension plus option with Shell in low 160’s beginning late Mar. 2006 and ending late Mar. 2007. Available; actively marketing. | ||||||||||
Ocean Princess | 1,500’ | Aker H-3 | North Sea | Contracted | Talisman | two year extension | low 150’s | late Dec. 2005 | late Jan. 2008 | Extension to include approximately 30-day survey beginning early Mar. 2006 and ending late Mar. 2006. Available; actively marketing. | ||||||||||
Ocean Vanguard | 1,500’ | Bingo 3000 | North Sea | Contracted | Statoil | term | low 140’s | late May 2005 | mid Oct. 2006 | Three six-month options priced in mid 160’s beginning in late Sept. 2006. Available; actively marketing. | ||||||||||
AUSTRALASIA | ||||||||||||||||||||
Ocean Bounty | 1,500’ | Victory Class | Australia | Contracted | Coogee Res. | two wells | low 90’s | mid Jan. 2006 | mid Mar. 2006 | One assignment well with Tap Oil in low 200’s beginning mid Mar. and ending mid April; followed by one assignment well with Santos in mid 230’s beginning mid April and ending late May; followed by two wells with Santos in mid 90’s beginning late May and ending mid Aug.; followed by four wells plus option in high 90’s with Woodside beginning mid Aug. 2006 and ending early Feb. 2007; followed by four well extension priced in low 100’s beginning early Feb. 2007 and ending late Aug. 2007. Available; actively marketing. | ||||||||||
Ocean Patriot | 1,500’ | Bingo 3000 | Australia | Contracted | Anzon | first of four option wells | mid 130’s | mid Jan. 2006 | late Feb. 2006 | Second of four Anzon options in upper 130’s, late Feb.-late Mar.; followed by third and four wells in low 140’s, late Mar.-early June; followed by one exercised assignment option well from Apache with Nexus in high 70’s, early June-late Aug.; followed by LOI for one well in upper 70’s, late Aug.-late Sept.; followed by four wells plus option with NZOP in low 100’s, late Sept. 2006-mid Mar. 2007. Available; actively marketing. | ||||||||||
Ocean Epoch | 1,640’ | Korkut | Malaysia | Contracted | Murphy | three option wells | mid 70’s | early Dec. 2005 | mid Mar. 2006 | If exercised, two option wells priced in high 70’s estimated to end mid May 2006; followed by LOI for term program in mid 220’s beginning mid May 2006 and ending early Nov. 2006; followed by LOI for 12-well program in mid 220’s beginning early Nov. 2006 and ending early Nov. 2007. Available; actively marketing. | ||||||||||
Ocean General | 1,640’ | Korkut | Malaysia | Contracted | CTOC | fifth & sixth wells | mid 90’s | early Jan. 2006 | mid May 2006 | One well with Premier in high 70’s in Viet Nam beginning mid May 2006 and ending early July 2006; followed by one extension well with Premier in mid 150’s beginning early July and ending early Aug.; followed by one assignment well with Idemitsu Vietnam in mid 170’s beginning early Aug. and ending mid Sept. 2006; followed by approx. 14-day survey and maintenance ending late Sept.; followed by three wells with Inpex in mid 130’s beginning late Sept. 2006 and ending mid April 2007; followed by two additional wells with Inpex in 170’s beginning mid April 2007 and ending mid Aug. 2007. Available; actively marketing. | ||||||||||
Ocean Rover | 7,000’ | Victory Class | Malaysia | Contracted | Murphy | 950 day extension | mid 170’s | late June 2005 | mid Jan. 2008 | Available; actively marketing. |
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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF February 13, 2006
Rig Name | WD | Design | Location | Status* | Operator | Current Term | Dayrate (000s) | Start Date | Est. End Date | Future Contracts and Other Information | ||||||||||||
BRAZIL | ||||||||||||||||||||||
Ocean Yatzy | 3,300’ | DP DYVI Super Yatzy | Brazil | Contracted | Petrobras | four year extension plus potential bonus | mid 110’s | early Oct. 2005 | early Oct. 2009 | Available. | ||||||||||||
Ocean Winner | 3,500’ | Aker H-3 | Brazil | Contracted | Petrobras | 700 day extension | 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 | 5,000’ | Alliance Class | Brazil | Contracted | Petrobras | four year extension plus potential bonus | mid 150’s | early Sept. 2005 | early Sept. 2009 | Available. | ||||||||||||
International Drillships (1) | ||||||||||||||||||||||
Ocean Clipper | 7,500’ | DP Fluor/Mitsubishi | Brazil | Contracted | Petrobras | five year extension plus potential bounus | low 180’s | mid Dec. 2005 | mid Dec. 2010 | Available. | ||||||||||||
International Jackups (2) | ||||||||||||||||||||||
Ocean Sovereign | 300’ | Independent Leg Cantilever | Indonesia | Contracted | Santos | three wells | high 60’s | mid Jan. 2006 | late Mar. 2006 | One Santos well in low 90’s beginning late Mar. and ending mid April; followed by two well extension in mid 70’s beginning mid April and ending late June 2006; followed by second of two wells with Amerada Hess in mid 80’s beginning late June and ending late July; followed by two assignment wells with Anadarko in mid 80’s beginning late July and ending mid Sept.; followed by approx. 14-day survery ending late Sept. 2006; followed by LOI for 18-month term in mid 90’s beginning late Sept. 2006 and ending late Mar. 2008. Available; actively marketing. | ||||||||||||
Ocean Heritage | 300’ | Independent Leg Cantilever | Qatar | Contracted | Conoco/Phillips | two wells plus option | low 70’s | mid June 2005 | mid April 2006 | LOI for 12-month program in low 140’s in Qatar beginning mid April 2006 and ending in early June 2007 (to include mid-period survey beginning early Oct. 2006 and ending early Nov. 2006). Available; actively marketing. | ||||||||||||
Upgrade (2) | ||||||||||||||||||||||
Ocean Endeavor | 2,000’ | Victory Class | Shipyard | Upgrading | DODI | — | — | — | — | 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 four year term with Devon in low 250’s. Available; actively marketing. | ||||||||||||
Ocean Monarch** | 2,200’ | Victory Class | GOM | Preparing to mobilize to Singapore | DODI | — | — | — | — | Singapore shipyard for upgrade to 10,000 ft. capable 5th Generation rig. Estimated completion, including commissioning, fourth quarter 2008. Available; actively marketing. | ||||||||||||
Rigs Under Construction (2) | ||||||||||||||||||||||
Ocean Shield | 350’ | Independent Leg Cantilever | Shipyard | — | — | — | — | — | — | Singapore shipyard, estimated completion Q1 2008. Available; actively marketing. | ||||||||||||
Ocean Scepter | 350’ | Independent Leg Cantilever | Shipyard | — | — | — | — | — | — | 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. **Ocean Monarch formerly named Garden Banks. | |
GOM = Gulf of Mexico |