UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 17, 2011
Diamond Offshore Drilling, Inc.
(Exact Name of Registrant as Specified in Charter)
| |
|
|
|
|
|
| Delaware
|
|
1-13926
|
|
76-0321760 |
|
|
|
|
|
|
(State or Other Jurisdiction
of Incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer
Identification No.) |
15415 Katy Freeway
Houston, Texas 77094
(Address of Principal Executive Offices and Zip Code)
Registrant’s telephone number, including area code: (281) 492-5300
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate line below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
|
|
|
| o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
|
| o |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
|
| o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
|
| o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
On May 17, 2011, Diamond Offshore Drilling, Inc. (the “Company”) issued a press release
announcing that a subsidiary of the Company has entered into two term drilling contracts with
Anadarko Petroleum Corporation. The contracts, which will utilize the Company’s two new-build
drillships now on order, are expected to generate combined maximum total revenue of approximately
$1.8 billion and represent 10 years of contract drilling backlog.
The dynamically positioned, ultra-deepwater drillships, Ocean BlackHawk and Ocean BlackHornet,
are each contracted for five years commencing in late 2013 and early 2014, respectively. As
previously reported, Hyundai Heavy Industries Co., Ltd. is currently preparing to commence
construction of the two drillships at its South Korean shipyard. Filed herewith is a copy of such
press release.
Statements in this report that contain “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, include, but are not limited to, statements concerning commitments for
drilling work, the two new drilling contracts for future work, related contract drilling backlog,
potential revenue related to such contracts, future cash flows, the term and start date of future
contracts, consummation of awarded contracts, construction and mobilizations of rigs, commencement
of contracted work, construction and future utilization of the drillships currently on order,
exploration and development efforts, utilization rates, future demand and future success. 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 cancellation, construction risk, delays and disruptions, changes in oil and
natural gas prices, 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 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.
2