Exhibit 99.1
| | |
 | | Diamond Offshore Drilling, Inc. Rig Status Report December 15, 2011 Updated information noted in bold print |
RECENT COMMITMENTS (See Body of Report For Contract Details)
Ocean Saratoga
Ocean Patriot
Ocean America
Ocean Monarch
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Water
Depth 1,2
| | | | | | | Contract
Dayrate | | | Estimated
| | Estimated
| | | | | Expected Downtime Days 3
(For events lasting 10 days or more) |
Rig Name | | (feet) | | | Location | | Operator | | ($000s) | | | Start Date | | End Date | | Status | | | 1Q11 A | | | 2Q11 A | | | 3Q11 A | | | 4Q11 E | | | 2011 E | | | 2012 E | | | Comments |
| | | | | | | | | | | | | | | | | | | Totals: | | | | 168 | | | | 24 | | | | 304 | | | | 565 | | | | 1,061 | | | | 1,057 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
GULF OF MEXICO SEMISUBMERSIBLES (3) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Saratoga | | | 2,200 | | | US GOM | | Walter Oil & Gas | | | 230,000 | | | mid Nov 2011 | | late Dec 2011 | | | one well | | | | | | | | | | | | 60 | | | | 17 | | | | | | | | | | | 5-yr Special Survey
/maintenance in 2011 |
| | | | | | | | | | | | | | |
| | | | | | Guyana | | DODI | | | — | | | late Dec 2011 | | mid Jan 2012 | | | mobe to Guyana | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | Guyana | | CGX Energy | | | 282,150 | | | mid Jan 2012 | | late Feb 2012 | |
| one well plus
unpriced option |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Yorktown | | | 2,850 | | | US GOM /
Mexico | | DODI | | | — | | | mid Aug 2011 | | early Jan 2012 | |
| 5-yr Special
Survey, Prep for
Pemex / Mobe /
Acceptance |
| | | | | | | | | | | 42 | | | | 92 | | | | | | | | 12 | | | Mobe to GOM/
prep/mobe |
| | | | | | Mexico | | Pemex | | | 184,000 | | | early Jan 2012 | | late July 2014 | | | 930-day term | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Victory | | | 5,500 (15K) | | | US GOM | | ATP | | | 544,242 | | | mid May 2011 | | late Dec 2011 | | | continue six-wells | | | | | | | | | | | | | | | | | | | | | | | | 75 | | | 5-yr Special Survey
in 2012 |
| | | | | | US GOM | | Walter Oil & Gas | | | 325,000 | | | late Dec 2011 | | early Feb 2012 | | | one well | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | US GOM | | ExxonMobil | | | 325,000 | | | early Feb 2012 | | mid May 2012 | |
| 4 firm wells, plus
4 priced option
wells |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | |
GULF OF MEXICO JACKUPS (5) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Columbia | | | 250 IC | | | US GOM | | Walter Oil & Gas | | | 62,500 | | | late Sep 2011 | | late Dec 2011 | | | one well | | | | | | | | | | | | | | | | | | | | | | | | 12 | | | Intermediate
Survey/UWILD |
| | | | | | | | | | | | | | |
Ocean Nugget | | | 300 IC | | | Mexico | | Pemex | | | 83,999 | | | mid Sep 2011 | | mid Oct 2012 | | | 430 day term | | | | | | | | | | | | 47 | | | | | | | | | | | | | | | 5-yr Special
Survey/
maintenance in
2011 |
| | | | | | | | | | | | | | |
Ocean Summit | | | 300 IC | | | Mexico | | Pemex | | | 84,000 | | | mid Sep 2011 | | late Dec 2011 | | | remainder of term | | | | 17 | | | | | | | | 38 | | | | | | | | | | | | | | | Q1 Maint.; Q3 5-yr
Special Survey/
maint. |
| | | | | | Mexico | | DODI | | | — | | | late Dec 2011 | | late Feb 2012 | | | Standby | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Mexico | | Pemex | | | 85,999 | | | late Feb 2012 | | early Nov 2014 | | | 985 day term | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Titan | | | 350 IC (15K) | | | Mexico | | Pemex | | | 103,000 | | | mid Dec 2011 | | early Jan 2014 | | | 778 day term | | | | | | | | | | | | 41 | | | | 73 | | | | | | | | | | | Contract prep/
mobe to Mexico |
| | | | | | | | | | | | | | |
Ocean Scepter | | | 350 IC (15K) | | | Mexico | | DODI | | | — | | | late Nov 2011 | | late Dec 2011 | | | Acceptance | | | | 31 | | | | | | | | | | | | 30 | | | | | | | | 0 | | | Q1 Standby |
| | | | | | Mexico | | Pemex | | | 134,999 | | | late Dec 2011 | | late Jul 2013 | | | 612 day term | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | |
INTERNATIONAL SEMISUBMERSIBLES (25) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North Sea/Mediterranean/W. Africa | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Nomad | | | 1,200 | | | North Sea | | BG International | | | 235,000 | | | late Sep 2011 | | early Jul 2012 | | | four firm wells | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Guardian | | | 1,500 (15K) | | | Falkland
Islands | | Rockhopper | | | 275,000 | | | mid Aug 2011 | | late Dec 2011 | |
| second and third
wells of 10 priced
option wells |
| | | | | | | | | | | | | | | | | | | | | | | 164 | | | 80 days - demobe
to UK |
| | | | | | Falkland
Islands | | AGR/Desire | | | — | | | late Dec 2011 | | mid Mar 2012 | | | Demobe to UK | | | | | | | | | | | | | | | | | | | | | | | | | | | 84 days -UWILD,
equipment
maintenance |
| | | | | | UK | | DODI | | | — | | | mid Mar 2012 | | mid Jun 2012 | |
| UWILD,
equipment
maintenance |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | UK | | DODI | | | — | | | mid Jun 2012 | | early Jul 2012 | |
| Actively
Marketing |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | UK | | Shell | | | 263,000 | | | early Jul 2012 | | early Jul 2014 | |
| 2-year firm term
+ 1-year unpriced
option |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Princess | | | 1,500 (15K) | | | North Sea | | DODI | | | — | | | mid Aug 2011 | | early Jan 2012 | |
| Intermediate
Survey / Maint. |
| | | | | | | | | | | 46 | | | | 92 | | | | | | | | | | | Intermediate
Survey/
maintenance in
2011 |
| | | | | | North Sea | | EnQuest | | | 230,000 | | | early Jan 2012 | | late Aug 2013 | |
| 600-day term + 2
x 6 month
unpriced options |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Vanguard | | | 1,500 (15K) | | | North Sea | | Statoil | | | 352,400 | | | mid Aug 2010 | | mid Jun 2013 | |
| three-year term +
1-year unpriced
option |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Valiant | | | 5,500 | | | Equatorial
Guinea | | Hess | | | 320,000 | | | mid Nov 2011 | | mid Mar 2012 | |
| 4 firm wells + 2
priced option
wells + 2
unpriced option
wells |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Endeavor | | | 10,000 (15K) | | | Egypt | | Burullus /
RASHPETCO | | | 285,000 | | | late Jul 2011 | | late Mar 2012 | |
| eight-month
extension + 3 x 4
month priced
options |
| | | | | | | | | | | | | | | | | | | | | | | 50 | | | 5-yr Special Survey
in 2012 |
| | | | | | Egypt | | DODI | | | — | | | late Mar 2012 | | mid May 2012 | |
| 5-year Special
Survey |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Confidence | | | 10,000 DP (15K) | | | Angola | | Cobalt | | | 360,000 | | | mid Jul 2011 | | mid Mar 2012 | |
| second and third
firm wells + one
priced option |
| | | 47 | | | | | | | | | | | | | | | | | | | | 60 | | | Rig maintenance |
| | | | | | | | DODI | | | — | | | To Be Determined | | | | | Mobe to GOM | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | GOM | | Murphy | | | 511,635 | | | To Be Determined | | | |
| resume
interrupted
contract, 365
days + unpriced
option |
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Please refer to accompanying disclaimer as well as Diamond Offshore’s 10-K and 10-Q filings with the SEC. | | Page 1 of 4 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Water
Depth 1,2
| | | | | | | Contract
Dayrate | | | Estimated
| | Estimated
| | | | Expected Downtime Days 3
(For events lasting 10 days or more) |
Rig Name | | (feet) | | | Location | | Operator | | ($000s) | | | Start Date | | End Date | | Status | | 1Q11 A | | | 2Q11 A | | | 3Q11 A | | | 4Q11 E | | | 2011 E | | 2012 E | | | Comments |
Australasia | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Patriot | | | 1,500 (15K) | | | Australia | | PTTEP | | | 235,000 | | | mid Jun 2011 | | early March
2012 | | 21 firm wells | | | | | | | | | | | | | | | | | | | | | 50 | | | 5-yr Special Survey in 2012 |
| | | | | | | | | | | | | | |
| | | | | | Australia | | PTTEP | | | 260,000 | | | early March 2012 | | mid May 2012 | | one well | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean General | | | 3,000 | | | Malaysia | | DODI | | | | | | | | | | Actively Marketing | | | | | | | | | | | | | | | 60 | | | | | | | | | 5-yr Special Survey/maintenance
in 2011 |
| | | | | | | | | | | | | | |
Ocean America | | | 5,500 (15K) | | | Australia | | Woodside | | | 413,500 | | | mid March 2011 | | mid Aug 2012 | | remainder of 2-year
term | | | 73 | | | | | | | | | | | | | | | | | | | | | Maintenance |
| | | | | | | | Woodside | | | 405,000 | | | mid Aug 2012 | | mid Apr 2013 | | six wells | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Rover | | | 8,000 (15K) | | | Indonesia | | Murphy/Hess | | | 379,500 | | | mid Dec 2010 | | early Jan 2012 | | two firm wells | | | | | | | | | | | | | | | | | | | | | 60 | | | Prep/maintenance/5-yr Special
Survey |
| | | | | | Malaysia | | DODI/Murphy | | | 150,000 | | | early Jan 2012 | | early Mar
2012 | | Maintenance, 5-year
Special Survey | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | Malaysia | | Murphy | | | 450,000 | | | early Mar 2012 | | mid Jun 2012 | | resume two-year
extension + unpriced option | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Malaysia | | Murphy | | | 284,200 | | | mid Jun 2012 | | early Feb 2014 | | 600-day extension +
unpriced option | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Monarch | | | 10,000 (15K) | | | Vietnam | | TNK Vietnam | | | 345,000 | | | early Dec 2011 | | early Mar 2012 | | two wells | | | | | | | | | | | 30 | | | | 70 | | | | | | | | | Standby heavy lift/mobe to
Vietnam |
| | | | | | Vietnam | | Talisman | | | 395,000 | | | early Mar 2012 | | mid Jun 2012 | | two wells | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Indonesia | | Niko
Resources | | | 385,000 | | | mid Jun 2012 | | mid Jun 2016 | | 4-year term +
unpriced 1-year
option | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Brazil | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Ambassador | | | 1,100 | | | Brazil | | OGX | | | 260,000 | | | mid Sep 2009 | | mid Sep 2012 | | 3-year term +
unpriced option | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Whittington | | | 1,650 | | | Brazil | | Petrobras | | | 241,173 | | | late Jan 2009 | | late Dec 2011 | | 5-yr term (includes
50% of pot.15%
bonus) | | | | | | | | | | | | | | | | | | | | | 120 | | | 5-yr Special Survey
in 2012 |
| | | | | | | | | | | | | | |
Ocean Concord | | | 2,300 | | | Brazil | | Petrobras | | | 247,788 | | | early Jan 2008 | | early Jan 2013 | | 5-yr term (includes
50% of pot.15%
bonus) + unpriced
option | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Brazil | | Petrobras | | | 247,788 | | | early Jan 2013 | | mid Jul 2015 | | remainder of
Whittington and
Yorktown terms | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Lexington | | | 2,200 | | | Brazil | | OGX | | | 335,000 | | | early Feb 2010 | | early Mar 2012 | | remainder 3-year
term | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Brazil | | OGX | | | 271,000 | | | early Mar 2012 | | early Feb 2013 | | 3-year term (rate
reduction blended
across Star and
Quest) + unpriced
option | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Yatzy | | | 3,300 DP | | | Brazil | | Petrobras | | | 257,250 | | | early Oct 2009 | | early Oct 2014 | | 5-yr term (includes
50% of pot.10%
bonus) + unpriced
option | | | | | | | 24 | | | | | | | | | | | | | | | | | Intermediate Survey/maintenance
in 2011 |
Ocean Quest | | | 4,000 (15K) | | | Brazil | | OGX | | | 270,000 | | | mid Feb 2011 | | late Dec 2011 | | revised 2-year term | | | | | | | | | | | | | | | | | | | | | 105 | | | 5-yr Special Survey in 2012 |
| | | | | | Brazil | | OGX | | | 265,000 | | | late Dec 2011 | | late Dec 2013 | | 1-year extension +
unpriced option +
second 1-yr
extension | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Winner | | | 4,000 | | | Brazil | | Petrobras | | | 283,500 | | | mid Oct 2010 | | mid Mar 2015 | | 5-yr term (includes
50% of pot.10%
bonus) + unpriced
option | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Worker | | | 4,000 | | | Brazil | | Petrobras | | | 283,500 | | | late Feb 2009 | | late Feb 2015 | | 6-yr term (includes
50% of pot.10%
bonus) + unpriced
option | | | | | | | | | | | | | | | | | | | | | 92 | | | 5-yr Special Survey in 2012 |
Ocean Alliance | |
| 5,250 DP
(15K) |
| | Brazil | | Petrobras | | | 367,089 | | | late Jul 2010 | | mid Jun 2016 | | 6-yr term (includes
50% of pot.15%
bonus) + unpriced
option | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
Ocean Star | | | 5,500 (15K) | | | Brazil | | OGX | | | 310,000 | | | mid Feb 2011 | | late Dec 2011 | | part one of 2-year
term extension | | | | | | | | | | | | | | | | | | | | | 92 | | | 5-yr Special Survey in 2012 |
| | | | | | Brazil | | OGX | | | 270,000 | | | late Dec 2011 | | mid Apr 2012 | | part two of 2-year
term extension | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | Brazil | | OGX | | | 301,000 | | | mid Apr 2012 | | mid Feb 2014 | | remainder of 2-year
term at blended rate
+ unpriced option +
1-yr extension | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Baroness | | | 7,000 (15K) | | | Brazil | | Petrobras | | | 276,750 | | | early Sep 2011 | | early Sep 2015 | | converted to five-
year term (includes
50% of pot. 5%
bonus) + unpriced
option | | | | | | | | | | | | | | | | | | | | | 75 | | | 5-yr Special Survey in 2012 |
| | | | | | | | | | | | | | |
Ocean Courage | |
| 10,000
DP (15K) |
| | Brazil | | Petrobras | | | 406,850 | | | mid Feb 2010 | | mid Feb 2015 | | 5yr term (includes
50% of pot. 6%
bonus) + unpriced
option | | | | | | | | | | | | | | | | | | | | | 10 | | | Intermediate Survey/UWILD |
Ocean Valor | |
| 10,000 DP
(15K) |
| | Brazil | | Petrobras | | | 440,000 | | | early Sep 2011 | | mid Oct 2015 | | converted to five-
year term + unpriced
option | | | | | | | | | | | | | | | | | | | | | 10 | | | Intermediate Survey/UWILD |
| | | | | | | | | | |
INTERNATIONAL JACKUPS (3) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean King | | | 300 IC | | | Montenegro | | DODI | | | | | | | | | | Actively Marketing | | | | | | | | | | | | | | | | | | | | | 60 | | | 5-yr Special Survey in 2012 |
| | | | | | | | | | | | | | |
Ocean Heritage | | | 300 IC | | | Suez Gulf | | DODI | | | | | | | | | | Actively Marketing | | | | | | | | | | | | | | | 39 | | | | | | | | | 5-yr Special Survey/maintenance
in 2011 |
Ocean Spur | | | 300 IC | | | Egypt | | WEPCO | | | 70,000 | | | late Sep 2011 | | late Mar 2012 | | 6-month extension | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Please refer to accompanying disclaimer as well as Diamond Offshore’s 10-K and 10-Q filings with the SEC. | | Page 2 of 4 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | Water
Depth 1,2
| | | | | | Contract
Dayrate | | Estimated
| | Estimated
| | | | Expected Downtime Days 3
(For events lasting 10 days or more) |
Rig Name | | (feet) | | Location | | Operator | | ($000s) | | Start Date | | End Date | | Status | | 1Q11 A | | 2Q11 A | | 3Q11 A | | 4Q11 E | | 2011 E | | 2012 E | | Comments |
| INTERNATIONAL DRILLSHIPS (1) | | | | | | | | | | | | | | | | | | | | | | |
| Ocean Clipper | | 7,875 DP (15K) | | Brazil | | DODI | | | | late Sep 2011 | | early Jan 2012 | | Survey/Upgrade for Petrobras | | | | | | | | 92 | | | | 10 | | Petrobras upgrade; maintenance |
| | | | Brazil | | Petrobras | | 312,625 | | early Jan 2012 | | early Dec 2015 | | Resume 5-yr term contract (includes 50% of pot. 5% bonus) + unpriced option | | | | | | | | | | | | | | |
| | | | | | | | | | | |
DRILLSHIPS UNDER CONSTRUCTION (3) | | | | | | | | | | | | | | | | | | | | | | |
| Ocean BlackHawk | | 12,000 DP (15K) | | S. Korea | | DODI | | | | Q1 2011 | | Q2 2013 | | Hyundai | | | | | | | | | | | | | | |
| | | | TBA | | Anadarko | | 495,000 | | Q4 2013 | | Q4 2018 | | five-year term + unpriced option | | | | | | | | | | | | | | |
| Ocean BlackHornet | | 12,000 DP (15K) | | S. Korea | | DODI | | | | Q1 2011 | | Q4 2013 | | Hyundai | | | | | | | | | | | | | | |
| | | | TBA | | Anadarko | | 495,000 | | Q2 2014 | | Q2 2019 | | five-year term + unpriced option | | | | | | | | | | | | | | |
| Ocean BlackRhino | | 12,000 DP (15K) | | S. Korea | | DODI | | | | Q2 2011 | | Q2 2014 | | Hyundai | | | | | | | | | | | | | | |
| | | | | | | | | | | |
| COLD STACKED (9) | | | | | | | | | | | | | | | | | | | | | | |
(5 jack-ups, 4 semisubmersibles) | | | | | | | | | | | | | | | | | | | | | | | | |
| Ocean Crusader | | 200 MC | | GOM | | DODI | | | | | | | | Stacked | | | | | | | | | | | | | | |
| Ocean Drake | | 200 MC | | GOM | | DODI | | | | | | | | Stacked | | | | | | | | | | | | | | |
| Ocean Champion | | 250 MS | | GOM | | DODI | | | | | | | | Stacked | | | | | | | | | | | | | | |
| Ocean Sovereign | | 300 IC | | Malaysia | | DODI | | | | | | | | Stacked | | | | | | | | | | | | | | |
| Ocean Spartan | | 300 IC | | GOM | | DODI | | | | | | | | Stacked | | | | | | | | | | | | | | |
| Ocean Voyager | | 3,200 | | GOM | | DODI | | | | | | | | Stacked | | | | | | | | | | | | | | |
| Ocean Epoch | | 3,000 | | Malaysia | | DODI | | | | | | | | Stacked | | | | | | | | | | | | | | |
| Ocean New Era | | 1,500 | | GOM | | DODI | | | | | | | | Stacked | | | | | | | | | | | | | | |
| Ocean Bounty | | 1,500 | | Malaysia | | DODI | | | | | | | | Stacked | | | | | | | | | | | | | | |
NOTES
Note 1.) Nominal water depth reflects the rig’s current operating water depth capability. Often, rigs are capable of drilling or have drilled in greater water depths. In all cases, floating rigs are capable of working successfully at greater depths than their nominal depth. On a case by case basis, we may achieve a greater depth capacity by providing additional equipment.
Note 2.) Additional rig capabilities noted within the column:
15K=15,000 PSI Well-Control System;DP=Dynamically Positioned Rig;IC=Independent-Leg Cantilevered Rig;MC=Mat-Supported Cantilever Rig;MS=Mat-Supported Slot Rig
Note 3.) Expected downtimereflects currently planned downtime. Expect additional downtime in the form of possible mobes for new jobs not yet contracted, possible acceptance testing at new jobs, and unanticipated maintenance. Survey start times may also be accelerated or delayed for various reasons.
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.
All Dayrates Exclude Mobe.
Mobe revenues (if any) and expenses are deferred and amortized over the life of the contract, in most cases.
Mobe costs are generally offset by mobe revenues.
Survey Costs:During surveys, normal operating expense will be incurred, plus additional costs.
| | |
Please refer to accompanying disclaimer as well as Diamond Offshore’s 10-K and 10-Q filings with the SEC. | | Page 3 of 4 |
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 | | Diamond Offshore Drilling, Inc. Rig Status Report December 15, 2011 |
Forward-Looking Statements:This report contains “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. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain or be identified by the words “expect,” “intend,” “plan,” “predict,” “anticipate,” “estimate,” “believe,” “should,” “could,” “may,” “might,” “will,” “will be,” “will continue,” “will likely result,” “project,” “budget,” “forecast,” and similar expressions. Statements by the Company in the rig status report that contain forward-looking statements include, but are not limited to, statements regarding the current term, future dayrates, future status, start and end dates, and comments concerning future contracts and availability, letters of intent, utilization, surveys, downtime and other aspects of the Company’s drilling rigs, as well as statements concerning related legal proceedings and outcomes thereof, the impact of these and related events on our operations and revenues, the effects of claims of force majeure and the outcomes of discussions with operators with regard thereto, rigs being upgraded or to be upgraded and rigs under construction. Such statements are inherently subject to a variety of assumptions, 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 Company’s overall business and financial performance can be found in the Company’s reports and other documents filed with the Securities and Exchange Commission. These factors include, among others, general economic and business conditions, contract cancellations, customer bankruptcy, operating risks, 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 Company’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 Company undertakes no obligation to publicly update or revise any forward-looking statement.
