| Rig Name | WD | Location | Status* | Operator | Current Term | Dayrate (000s) | Start Date | Est. End Date | Future Contracts and Other Information** | |||||||||
| Domestic Deepwater Semisubmersibles(7) | ||||||||||||||||||
| Ocean Quest | 3,500' | GOM | Contracted | Noble | one year term + option | low 270’s | mid April 2006 | mid April 2007 | Two-year term, plus option,** with Noble in mid 350’s beginning mid-April 2007 and ending mid-April 2009. Available; actively marketing. | |||||||||
| Ocean Star | 5,500' | GOM | Contracted | Anadarko | one year term + option | mid 170’s | mid Oct. 2005 | mid Oct. 2006 | One-year term extension with Anadarko in mid 380’s beginning mid Oct. 2006 and ending mid Oct. 2007; followed by one-year term extension, plus option,** with Anadarko in mid 410’s beginning in mid Oct. 2007 and ending in mid Oct 2008. Available; actively marketing. | |||||||||
| Ocean America | 5,500' | GOM | Contracted | Mariner | one year term | low 230’s | mid April 2006 | mid April 2007 | One year extension from Mariner in low 400’s beginning mid April 2007 and ending mid April 2008. Available; actively marketing. | |||||||||
| Ocean Valiant | 5,500' | GOM | Contracted | Anadarko | one year term | low 300’s | mid Mar. 2006 | mid Mar. 2007 | One-year term extension with Anadarko in mid 390’s beginning mid Mar. 2007 and ending mid Mar. 2008; followed by one-year term extension with Anadarko in mid 420’s beginning mid Mar. 2008 and ending mid Mar. 2009. Available; actively marketing. | |||||||||
| Ocean Victory | 5,500' | GOM | Contracted | Murphy | one year term | mid 200’s | early Dec. 2005 | early Dec. 2006 | Two-year term extension plus option** with Murphy in mid 320’s beginning early Dec. 2006 and ending early Dec. 2008. Available; actively marketing. | |||||||||
| Ocean Baroness | 7,000' | GOM | Contracted | Amerada Hess | one year term | low 200’s | mid Nov. 2005 | late Dec. 2006 | Three-year term extension with Amerada Hess, plus option,** in mid 360’s beginning late Dec. 2006 and ending late Dec. 2009. Available; actively marketing. | |||||||||
| Ocean Confidence | 7,500' | GOM | Contracted | BP | two year term + option | low 280’s | early Jan. 2006 | early Jan. 2008 | Approximately 60 days maintenance beginning early Sept. and ending late Oct. Available; actively marketing. | |||||||||
| Domestic 2nd/3rd Generation Semisubmersibles(6) | ||||||||||||||||||
| Ocean New Era | 1,500' | GOM | Contracted | W&T | three wells | low 250’s | early Sept. 2006 | late Nov. 2006 | Remainder of 225 day term with Walter in mid 130’s beginning late Nov. 2006 and ending late Feb. 2007 Available; actively marketing. | |||||||||
| Ocean Whittington | 1,500' | GOM | DODI | - | Survey and Maintenance | - | - | - | Special survey and maintenance beginning in mid July 2006 and ending in late Feb. 2007. Available; actively marketing. | |||||||||
| Ocean Voyager | 2,000' | GOM | DODI | - | Survey and Maintenance | - | - | - | Approximately 38 days maintenance beginning late Aug. and ending late Sept.;followed by one assignment well from Hess to Marathon in low 300’s beginning late Sept. and ending late Nov.; followed by one well with Walter in low 80’s (transferred from prior Lexington contract) beginning late Nov. 2006 and ending early Jan. 2007. Available; actively marketing. | |||||||||
| Ocean Concord | 2,200' | GOM | Contracted | Anadarko | one well | mid 90’s | late June 2006 | mid Oct. 2006 | One well with Pogo (moved from Lexington) in low 200s beginning in mid Oct. and ending in mid Nov.; followed by remainder of 90-day term extension with Tana in low 130’s; followed by new 90-day term extension with Tana, plus option,** in low 170’s beginning mid Dec. and ending mid Mar. 2007; followed by additional 90-day extension with Tana, plus option,** in low 270’s beginning mid Mar. 2007 and ending mid June. Available; actively marketing. | |||||||||
| Ocean Lexington | 2,200' | GOM | Contracted | BP | prep | low 250’s | late Aug. 2006 | early Oct. 2006 | Approximately 30 day prep followed by approximately 75-day fully-paid mobe to Egypt for 36-month term with BP in mid 260’s ending late Aug. 2009. Available; actively marketing. | |||||||||
| Ocean Saratoga | 2,200' | GOM | DODI | - | Survey and Maintenance | - | - | - | Special survey and maintenance (approximately 160 days) beginning late July and ending early Feb. 2007; followed by six-month extension, plus option,** in low 120’s with LLOG beginning early Jan. 2007 and ending early July 2007. Available; actively marketing. | |||||||||
1
| Rig Name | WD | Location | Status* | Operator | Current Term | Dayrate (000s) | Start Date | Est. End Date | Future Contracts and Other Information** | |||||||||
| Domestic Jackups (9) | ||||||||||||||||||
| Ocean Crusader | 200' MC | GOM | Contracted | Walter | three wells | low 80’s | mid May 2006 | late Nov. 2006 | Six month term, plus option,** with Energy Partners in high 110’s beginning late Nov. 2006 and ending late May 2007. Available; actively marketing. | |||||||||
| Ocean Drake | 200' MC | GOM | Contracted | Chevron | term contract | mid 100’s | late June 2006 | mid Oct. 2006 | Indexed term contract. Six-month term extension plus option beginning mid Oct. 2006 and ending late Mar. 2007. Available; actively marketing. | |||||||||
| Ocean Champion | 250' MS | GOM | Contracted | Apache | one well | high 90’s | mid Sept. 2006 | mid Oct. 2006 | Third of three wells with Apache in mid 100’s beginning mid Oct. 2006 and ending late Dec. 2006. Available; actively marketing. | |||||||||
| Ocean Columbia | 250' IC | GOM | Contracted | Newfield | one year term + option | low 120’s | early Aug. 2006 | early Aug. 2007 | Available; actively marketing. | |||||||||
| Ocean Spartan | 300' IC | GOM | DODI | - | - | - | - | - | Available; actively marketing. | |||||||||
| Ocean King | 300' IC | GOM | Contracted | El Paso | one year term | mid 110’s | early Mar. 2006 | early Mar. 2007 | Available; actively marketing. | |||||||||
| Ocean Summit | 300' IC | GOM | DODI | - | Survey and Maintenance | - | - | - | Approximately 60-day survey and maintenance ending mid Nov. Available; actively marketing. | |||||||||
| Ocean Titan | 350' IC | GOM | Contracted | Dominion | six month term | high 70’s | early Feb. 2006 | mid Oct. 2006 | Two wells with Hunt in mid 100’s beginning mid Oct. 2006 and ending late Nov. 2006. Available; actively marketing. | |||||||||
| Ocean Tower | 350' IC | GOM | Contracted | Chevron | two year term extension + option | mid 140’s | late April 2006 | late April 2008 | Indexed term contract with floor in low 140’s and ceiling in low 200’s. Available; actively marketing. | |||||||||
| International Semisubmersibles (15) | ||||||||||||||||||
MEXICO | ||||||||||||||||||
| Ocean Ambassador | 1,100' | GOM | Contracted | PEMEX | four year term work | mid 50’s | late July 2003 | mid Dec. 2007 | Available; actively marketing. | |||||||||
| Ocean Worker | 3,500' | GOM | Contracted | PEMEX | four year term work | high 60’s | mid Aug. 2003 | late July 2007 | Approximately 30-day survey and prep beginning late July 2007 and ending late Aug. 2007;followed by six-month term with Petro-Canada in Trinidad in the low 450’s plus mobe/demobe beginning late Aug. 2007 and ending late Mar. 2008. Available; actively marketing. | |||||||||
| Ocean Yorktown | 2,850' | GOM | Contracted | PEMEX | four year term work | mid 40’s | late Oct. 2003 | mid July 2007 | Available; actively marketing. | |||||||||
NORTH SEA | ||||||||||||||||||
| Ocean Nomad | 1,200' | 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; followed by LOI for two-year term in mid 330’s beginning early Aug. 2008 and ending early Aug. 2010. Available; actively marketing. | |||||||||
| Ocean Guardian | 1,500' | North Sea | Contracted | Shell | one year | low 160’s | late Mar. 2006 | late Mar. 2007 | Available; actively marketing. | |||||||||
| Ocean Princess | 1,500' | North Sea | Contracted | Talisman | two year term | mid 150’s | late Jan. 2006 | late Jan. 2008 | Two-year term extension with Talisman in mid 330’s beginning late Jan. 2008 and ending late Jan. 2010. Available; actively marketing. | |||||||||
| Ocean Vanguard | 1,500' | North Sea | Contracted | Statoil | term | low 140’s | late May 2005 | mid Oct. 2006 | Three six-month options with Statoil exercised in mid 160’s beginning mid Oct. 2006 and ending mid April 2008; followed by two year extension with Statoil in low 400’s beginning mid April 2008 and ending mid April 2010. Available; actively marketing. | |||||||||
2
| Rig Name | WD | Location | Status* | Operator | Current Term | Dayrate (000s) | Start Date | Est. End Date | Future Contracts and Other Information** | |||||||||
AUSTRALASIA | ||||||||||||||||||
| Ocean Bounty | 1,500' | Australia | Contracted | Woodside | four wells | high 90’s | late Sept. 2006 | late April 2007 | Four well extension with Woodside in mid 100’s beginninglateApril 2007 and ending earlyDec.2007; followed by one-year term with Woodside in low 350’s beginning earlyDec.2007 and ending early Dec. 2008(followed by approximately 30-day survey beginning early Dec. 2008 and ending late Dec. 2008). Available; actively marketing. | |||||||||
| Ocean Patriot | 1,500' | Australia | Contracted | Tap Oil | one well | high 70’s | late Sept. 2006 | late Oct. 2006 | Reflects schedule shift only. Four wells, plus three option wells,** with NZOP in low 100’s, beginning lateOct. 2006 and endinglate April2007; followed by one-year term withSantos in mid 370’s beginninglate April 2007 and ending late May 2008 (to include last option well exercised with Anzon in low 350’s beginning late Sept. 2007 and ending late Oct. 2007). Available; actively marketing. | |||||||||
| Ocean Epoch | 1,640' | Malaysia | Contracted | Shell | term program | mid 220’s | early April 2006 | early Nov. 2006 | 12-well program, plus option,** with Shell in Australia in mid 220’s beginning early Nov. 2006 and ending early Dec. 2007. Available; actively marketing. | |||||||||
| Ocean General | 1,640' | Vietnam | Contracted | Premier | one well | mid 150’s | mid Sept. 2006 | early Nov. 2006 | One assignment well with Idemitsu Vietnam in mid 170’s beginningearly Nov. and ending midDec. 2006;followed by approximately two-week survey and maintenance beginning mid Dec. 2006 and ending late Dec. 2006; followed by three wells with Inpex in Indonesia in mid 130’s beginning lateDec. 2006 and endinglate July2007; followed by two additional wells with Inpex in mid 170’s beginninglate July2007 and endinglate Sept. 2007; followed by two additional assignment wells from Inpex with Total in mid 170’s beginninglate Sept. and endingmid Nov. 2007. Available; actively marketing. | |||||||||
| Ocean Rover | 7,000' | Malaysia | Contracted | Murphy | 950 day extension | mid 170’s | late June 2005 | mid Jan. 2008 | One well with Newfield in Malaysia in low 450’s beginning mid Jan. 2008 and ending mid Feb. 2008. Available; actively marketing. | |||||||||
BRAZIL | ||||||||||||||||||
| Ocean Yatzy | 3,300' | Brazil | Contracted | DODI | UWILD & maintenance | - | late Aug. 2006 | early Oct. 2006 | Resume four-year extension, plus potential bonus, in mid 110’s ending early Oct. 2009. Available. | |||||||||
| Ocean Winner | 3,500' | Brazil | Contracted | Petrobras | 700 day extension | low 110’s | mid Mar. 2006 | mid Mar. 2010 | Available. | |||||||||
| Ocean Alliance | 5,000' | 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' | Brazil | Contracted | Petrobras | five year extension plus potential bonus | low 180’s | mid Dec. 2005 | mid Dec. 2010 | Available. | |||||||||
| International Jackups (4) | ||||||||||||||||||
| Ocean Sovereign | 300' IC | Indonesia | Contracted | Kodeco | one well | mid 80’s | mid Sept. 2006 | mid Oct. 2006 | 18-month term with Kodeco in mid 90’s beginning mid Oct. 2006 and ending late Mar. 2008. Available; actively marketing. | |||||||||
| Ocean Spur | 300' IC | Tunisia | Contracted | Soco Tunisia | one year term | mid 120’s | mid March 2006 | mid March 2007 | LOI for 180-day term in mid 160’s in Egypt beginning mid Mar. 2007 and ending mid Sept. 2007. Available; actively marketing. | |||||||||
| Ocean Heritage | 300' IC | Qatar | Contracted | Maersk | one year term | low 140’s | early May 2006 | mid June 2007 | Program to include approximately 45 day special survey and maintenance beginning mid Oct. 2006 and ending early Dec. 2006. Available; actively marketing. | |||||||||
| Ocean Nugget | 300' IC | GOM | Contracted | Pemex | term contract | high 160’s | early Oct 2006 | late Mar. 2009 | Available; actively marketing. | |||||||||
3
| Rig Name | WD | Location | Status* | Operator | Current Term | Dayrate (000s) | Start Date | Est. End Date | Future Contracts and Other Information** | |||||||||
Upgrade (2) | ||||||||||||||||||
| Ocean Endeavor | 2,000' | Shipyard | Upgrading | DODI | - | - | - | - | Singapore shipyard for upgrade to 10,000 ft. capable 5th Generation rig. Estimated completion early Dec. 2006; followed by commissioning ending early Mar. 2007; followed by mobe to GOM ending late April 2007; followed by four year term with Devon in low 250’s ending late April 2011. Available. | |||||||||
| Ocean Monarch | 2,200' | Shipyard | Upgrading | DODI | - | - | - | - | Singapore shipyard for upgrade to 10,000 ft. capable 5th Generation rig. Estimated completion, including commissioning and mobe, late fourth quarter 2008; followed by four-year term, plus mobe, plus option, with Anadarko in the GOM in the mid 420’s beginning late Dec. 2008 and ending late Dec. 2012. Available. | |||||||||
| New-build Rigs Under Construction (2) | ||||||||||||||||||
| Ocean Shield | 350' IC | Shipyard | - | - | - | - | - | - | Singapore shipyard, estimated completion Q1 2008; followed by LOI for one-year term in Australia in mid 260’s beginning upon delivery in the first quarter of 2008. Available; actively marketing. | |||||||||
| Ocean Scepter | 350' IC | Shipyard | - | - | - | - | - | - | Brownsville shipyard, estimated completion Q1 2008. Available; actively marketing. | |||||||||
4
