Diamond Offshore Drilling, Inc. (NYSE:DO) Files An 8-K Results of Operations and Financial Condition
Item2.02.
|
Results of Operations and Financial Condition |
On May1, 2017, Diamond Offshore Drilling, Inc.
(the Company) issued a press release announcing its financial
results for the fiscal quarter ended March31, 2017. A copy of the
press release is furnished herewith as Exhibit 99.1.
| Item7.01. | Regulation FD Disclosure |
A conference call to discuss the Companys
earnings results has been scheduled for 7:30 a.m. Central Time on
May1, 2017. The information for accessing the conference call is
included in the press release.
The Company hereby incorporates by reference
into this Item7.01 the summary report of the status, as of May1,
2017, of the Companys offshore drilling rigs attached as Exhibit
99.2.
The information contained in Items 2.02
and 7.01 and Exhibits 99.1 and 99.2 to this report shall not be
deemed filed for purposes of Section18 of the Securities Exchange
Act of 1934, as amended (the Exchange Act), and shall not be
incorporated by reference into any previous or future
registration statement filed under the Securities Act of 1933, as
amended (the Securities Act), unless specifically identified
therein as being incorporated by reference.
Statements in the press release furnished
as Exhibit 99.1 to this report, statements in the summary report
furnished as Exhibit 99.2 to this report and statements made
during the conference call described in this report that are not
historical facts are forward-looking statements within the
meaning of Section27A of the Securities Act and Section21E of the
Exchange Act. Such statements include, but are not limited to,
statements concerning drilling rig deliveries, operations and
timing; contract effectiveness, effective dates and estimated
duration; plans regarding retirement and scrapping of drilling
rigs; future impairments; future dividends; expectations of
future backlog, revenue, operating costs and performance; future
liquidity, financial condition, market conditions, commodity
prices and strategic opportunities; revenue expected to result
from backlog; future credit ratings; future dayrates, future
status, start and end dates and future contracts and
availability; future contract opportunities and termination
rights; contract noncompliance by customers and other third
parties; letters of intent; utilization, surveys, downtime and
other aspects of the Companys drilling rigs; customer discussions
and outcomes thereof and the impact of these and related events
on the Companys operations and revenues; future impact of
regulations; future outcome of litigation; and other statements
that are not of historical fact. 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 currently anticipated or expected by
management of the Company. A discussion of the risk factors and
other considerations that could materially impact these matters
as well as the Companys overall business and financial
performance can be found in the Companys 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. 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,
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construction of new builds, casualty
losses and various other factors, many of which are beyond the
Companys control. Given these risk factors and other
considerations, investors and analysts should not place undue
reliance on forward-looking statements. Each forward-looking
statement speaks only as of the date of such statement, and 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 Companys expectations with
regard thereto or any change in events, conditions or
circumstances on which any forward-looking statement is
based.
| Item9.01. | Financial Statements and Exhibits |
(d)Exhibits.
|
Exhibitnumber |
Description |
|
| 99.1 | Press Release dated May1, 2017 | |
| 99.2 | Rig Status Report as of May1, 2017 |
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About Diamond Offshore Drilling, Inc. (NYSE:DO)
Diamond Offshore Drilling, Inc. is engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of approximately 30 offshore drilling rigs, such as semisubmersibles, jack-ups and dynamically positioned (DP) drillships. Its fleet offers a range of services around the world in the floater market (ultra-deepwater, deepwater and mid-water). Its Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. Its jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of its jack-up rigs are equipped with a cantilever system that enables the rig to extend its drilling package over the aft end of the rig. Its drillships and semisubmersible rigs include Ocean Greatwhite, Ocean Valor, Ocean Courage, Ocean BlackHornet, Ocean BlackRhino and others. It provides offshore drilling services to oils and gas companies and government-owned oil companies. Diamond Offshore Drilling, Inc. (NYSE:DO) Recent Trading Information
Diamond Offshore Drilling, Inc. (NYSE:DO) closed its last trading session down -0.07 at 14.42 with 3,389,158 shares trading hands.