Exhibit 99.2
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 | | Diamond Offshore Drilling, Inc. Rig Status Report February 10, 2020 Updated information noted in bold print |
RECENT COMMITMENTS (See Body of Report For Contract Details)
Ocean BlackHawk
Ocean Patriot
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| | | Water
Depth¹ | | | | | Year | | | | | | | Contract
Dayrate | | Estimated | | Estimated | | | | | Downtime4 | | | |
Rig Name | | (feet) | | | Type2 | | Built3 | | Location | | | Operator | | (USD) | | Start Date | | End Date | | | Status | | 1Q20 E | | | Comments |
| | | | | | | | | | | | | | | | | | | | | | | | Totals: | | | 16 | | | |
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Gulf of Mexico | | | | | | | | | | | | | | | | | | | | | | |
Ocean BlackHawk | | | 12,000 | | | DS 15K DP | | 2014 | | | US GOM | | | Oxy | | 495,000 | | mid Jun 2014 | | | mid Apr 2020 | | | | | | | | | Revenue recognition in the low $400’s from Jun 2018 - Apr 2021 |
| | | | | | | | | | | | | | | | Undisclosed | | mid Apr 2020 | | | mid Apr 2021 | | | 1-year extension + options | | | | | | |
| | | | | | | | | | | Senegal | | | Woodside | | Undisclosed | | 2Q 2022 | | | 2Q 2023 | | | Well based contract + options | | | | | | |
Ocean BlackHornet | | | 12,000 | | | DS 15K DP | | 2014 | | | US GOM | | | BP | | Undisclosed | | mid Feb 2020 | | | mid Feb 2022 | | | 2-year term + 2 x 1 year options | | | | | | |
Ocean BlackRhino | | | 12,000 | | | DS 15K DP | | 2014 | | | US GOM | | | Hess | | 400,000 | | mid Feb 2017 | | | late May 2020 | | | 3-year term | | | 14 | | | Special Survey at zero rate |
| | | | | | | | | | | Senegal | | | Woodside | | Undisclosed | | 2Q 2021 | | | 4Q 2023 | | | Well based contract + options | | | | | | |
Ocean BlackLion | | | 12,000 | | | DS 15K DP | | 2015 | | | US GOM | | | Hess | | 400,000 | | mid Feb 2016 | | | late Feb 2020 | | | 4-year term | | | | | | |
| | | | | | | | | | | US GOM | | | BP | | Undisclosed | | mid Jul 2020 | | | mid Jul 2022 | | | 2-year term + 2 x 1 year options | | | | | | |
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North Sea / Mediterranean / W. Africa | | | | | | | | | | | | | | | | | | | |
Ocean Patriot | | | 3,000 | | | SS 15K | | 1983 | | | UK | | | Apache | | Undisclosed | | early Jun 2018 | | | early Jun 2021 | | | Term Extension | | | | | | |
Ocean Valiant | | | 5,500 | | | SS 15K | | 1988 | | | UK | | | Shell | | Undisclosed | | early Nov 2019 | | | Mar 2021 | | | Well based contract + options | | | | | | |
Ocean Endeavor | | | 10,000 | | | SS 15K | | 2007 | | | UK | | | Shell | | Undisclosed | | late May 2019 | | | 4Q 2021 | | | Well based contract | | | | | | |
Ocean GreatWhite | | | 10,000 | | | SS 15K DP | | 2016 | | | UK | | | — | | — | | — | | | — | | | Warm Stacked / Marketing | | | | | | |
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Australasia | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Apex | | | 6,000 | | | SS 15K | | 2014 | | | Australia | | | Woodside | | Undisclosed | | late Jan 2020 | | | late Oct 2020 | | | 4 wells + options | | | | | | |
| | | | | | | | | | | Australia | | | BP | | Undisclosed | | late Oct 2020 | | | mid Jan 2021 | | | 1 well + options | | | | | | |
| | | | | | | | | | | Australia | | | Woodside | | Undisclosed | | mid Jan 2021 | | | 4Q 2021 | | | Wells based contract | | | | | | |
Ocean Onyx | | | 6,000 | | | SS 15K | | 2014 | | | Australia | | | Beach | | Undisclosed | | mid Apr 2020 | | | 2Q 2021 | | | 6 wells + 5 option wells | | | | | | Currently undergoing upgrades and reactivation in Singapore |
Ocean Monarch | | | 10,000 | | | SS 15K | | 2008 | | | Myanmar | | | Posco International | | Undisclosed | | late Mar 2020 | | | 3Q 2021 | | | 7 wells + 5 option wells | | | | | | |
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South America | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean Courage | | | 10,000 | | | SS 15K DP | | 2009 | | | Brazil | | | Petrobras | | 380,000 | | late Feb 2018 | | | late Jul 2020 | | | Term extension | | | 1 | | | |
Ocean Valor | | | 10,000 | | | SS 15K DP | | 2009 | | | Brazil | | | Petrobras | | 289,000 | | mid Nov 2018 | | | mid Nov 2020 | | | 2-year term extension | | | 1 | | | ~$40MM retroactive credit to be amortized over 2 - year extension |
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Stacked | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Ocean America | | | 5,500 | | | SS 15K | | 1988 | | | Malaysia | | | — | | — | | — | | | — | | | Stacked | | | | | | |
Ocean Rover | | | 8,000 | | | SS 15K | | 2003 | | | Malaysia | | | — | | — | | — | | | — | | | Stacked | | | | | | |
Ocean Confidence | | | 10,000 | | | SS 15K DP | | 2001 | | | Canary Islands | | | — | | — | | — | | | — | | | Stacked | | | | | | Sale Pending |
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:SS=Semisubmersible;DS=Drillship;15K=15,000 PSI Well-Control System;DP=Dynamically Positioned Rig
(3) Year Builtrepresents 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) Downtimeonly 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
Rig Utilization: Can be adversely impacted by additional downtime due to unscheduled repairs and maintenance, and other factors.
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
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Please refer to accompanying disclaimer as well as Diamond Offshore’s 10-K and 10-Q filings with the SEC. | | Page 1 of 2 |
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 | | 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 atwww.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.
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