OFFSHORE RIG MARKET STATUS REPORT: MAY 2007 GLOBAL OUTLOOK

OFFSHORE RIG MARKET STATUS REPORT
May 2007
04/2007 Page 1 of 34
Table of Contents
World-wide Activity Page 3

Oil and Gas Market Page 4
Regional Activity
North Atlantic Page 5
Norway Page 6
South America Page 7
US Gulf Page 8
West & South Africa Page 9
Pacific Rim Page 10
Rest of the World (Mediterranean, Mid East, India) Page 11
Deepwater Activity Page 12
Newbuildings and Attrition Page 13
Newbuilding Orders Page 14
Conversions/ Upgrades/ Various Page 15
Second-hand Market Page 16
Secondhand Sales Page 17
Recent Fixtures Page 19
Demand/Supply/Utilization Page 24
Activity Charts
Definitions
R.S. Platou Offshore, Offices and Personnel
04/2007 Page 2 of 34
World Activity
World Activity Summary
600
Historic Activity Summary
500
No. of Rigs
Floaters Jackups Other Passive Total

TS D S U% TS D S U% Modes Fleet TS D S U%
400 Current 186 166 167 99 388 333 348 96 1 58 574 499 515 97
Previous 186 172 172 100 388 332 345 96 1 56 574 504 517 97
6 Months 185 165 165 100 381 342 346 99 2 53 566 507 511 99
300
12 Months 185 160 161 99 373 333 335 99 4 58 558 493 496 99
200
100
0
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
Other Modes Cold Stacked Active Supply Rest of World
Pac. Rim W. and S. Africa S. America N. Atlantic
Gulf of Mex/Carib
Activity Summary Summary

Floaters Jackups Sum Active Rigs
04/2007 TS D S U% TS D S U% TS D S U% The rig market world wide is still extremely strong, but suffered a small decrease in profitability since
last month. The GSF score index indicates that the profitability of mobile drilling rigs decreased by 3.8
North Atlantic 42 41 41 100 37 36 36 100 79 77 77 100 % from last months. Gulf of Mexico saw an increase of 1.1% from last months. All other regions saw a
decrease.
Gulf of Mexico 43 38 38 100 125 92 102 90 168 130 140 93
South America 28 28 28 100 6 6 6 100 34 34 34 100
West & S. Africa 30 25 26 96 27 23 24 96 57 48 50 96
Pacific Rim 25 17 17 100 56 53 54 98 81 70 71 99
Rest of the World 18 17 17 100 137 123 126 98 155 140 143 98
World Total 186 166 167 99 388 333 348 96 574 499 515 97
04/2007 Page 3 of 34
Oil & Gas Markets
US Natural Gas Price - Henry Hub
Fundamentals 14
Average Brent Blend oil price was 67.40 $/bbl in April, from 62.14 $/bbl in March.
12
The 12 months moving average price was 64.18 $/bbl in April, from 64.43 $/bbl in March.
Oil future prices the next six months trend to around 68,40 $/bbl.
10
USD/MmBTU
Average Henry Hub gas price was 7.60 $/MMBTU in April from 7,11 $/MMBTU in
March. The 12 months moving average price was 6,66 $/MMBTU in April, from 6,62 8
$/MMBTU in March. Gas future prices in the next six months trend up to around 8,43 $/
MmBTU.
6
Oil Price - Brent Blend 2

80
0
70
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
60
USD/BBL
50 12 Month Moving
Henry Hub Futures
Average
40
30 Outlook
OPEC's (11) total production in December was 27,76 mill bbl/day, from 27,84 the previous
20 month. Iraq produced about 2,05mill bbl/ day, from 1,98 last month. (Source Bloomberg).
10 OPEC's (11) production capacity is estimated to about 32,83 mill bbl/day inclusive of Iraq with
2,2 mill bbl. (Source Bloomberg).
0
Total world oil demand for 2006 was 85,18 mill bbl/day. Total demand in 2005 was 83,4 mill
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
bbl/day. The total world demand in 2004 was 85,5, and in 2003 77,9 mill bbl/day. (source
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
Bloomberg).
12 Month Moving
Historic Price Brent Futures
Average
04/2007 Page 4 of 34
North Atlantic
North Altantic Rig Activity
100
80
No. of Rigs
Current 42 41 41 100 37 36 36 100 1 1 79 77 77 100

Previous 42 40 40 100 37 35 35 100 1 3 79 75 75 100
60 6 Months 45 42 42 100 36 35 35 100 2 2 81 77 77 100
12 Months 45 40 40 100 36 34 34 100 3 4 81 74 74 100
40
Dayrates ($1000/day)
Current Month 6 Months Ago 1 Year Ago 2 Years Ago
20
U% High Low High Low High Low High Low
Floaters 100 550 350 425 320 350 310 300 140
0 Jackups 100 350 200 315 165 295 150 135 60
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
Highlights
19
19
19
20
20
20
20
20
20
20
20
In general the floater market remains extremely tight in the North Sea. Canada is experiencing
Other Modes Cold Stacked Active Supply Jackups Demand Floaters Demand challenges of attracting capacity due to high utilization in the North Sea.
Transocean secured a 100 day contract for the third generation rig John Shaw in the UK with Nexen at
US$ 380.000 per day.
Historic Dayrates - North Atlantic
600K
500K
USD/Day
400K
300K
200K
100K
0K
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
Jackup High Spec Jackup Standard Semi High Spec Semi Standard
04/2007 Page 5 of 34
Norway
Norwegian Rig Activity
28
24 Floaters Jackups Other Passive Total

No. of Rigs
20 Current 18 18 18 100 6 5 5 100 0 1 24 23 23 100

Previous 17 17 17 100 6 5 5 100 0 1 23 22 22 100
16 6 Months 15 15 15 100 4 4 4 100 0 0 19 19 19 100
12 Months 17 16 16 100 4 4 4 100 0 1 21 20 20 100
12
8
4 U% High Low High Low High Low High Low
Floaters 100 550 400 425 330 365 315 280 140
0
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
Highlights
19
19
19
20
20
20
20
20
20
20
20
There is currently no availability for floaters in Norway until 2009. Day rates are currently
Other Modes Cold Stacked Active Supply Jackups Demand Floaters Demand firmly established above US$ 500.000 and, even for longer term contracts, rates are expected
to reach close to US$ 600.000 per day in the near future.
Historic Dayrates - Norway
600K
500K
USD/Day
400K
300K
200K
100K
0K
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
Semi High Spec Semi Standard
04/2007 Page 6 of 34
South America
South American Rig Activity
50

40 TS D S U% TS D S U% Modes Fleet TS D S U%
No. of Rigs
Current 28 28 28 100 6 6 6 100 0 0 34 34 34 100

30 Previous 28 27 27 100 6 6 6 100 0 1 34 33 33 100
6 Months 31 26 26 100 6 6 6 100 0 5 37 32 32 100
12 Months 30 29 29 100 5 5 5 100 0 1 35 34 34 100
20
10 Current Month 6 Months Ago 1 Year Ago 2 Years Ago
Floaters 100 385 380 450 380 280 150 155 65
0
Jackups 100 170 160 190 160 190 140 70 60
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
Highlights
The jackup and floater shortage in Central and South America continues as PEMEX and
Other Modes Cold Stacked Active Supply Jackups Demand Floaters Demand Petrobras require additional units in Mexico and Brazil in 2008 and onwards.
Historic Dayrates South America PEMEX continues to be the main driver in the region with several tenders and awards for
450K floaters and jackups. PEMEX has not yet announced the winners of the two 7.000 ft and one
10.000 ft requirements, but a final decision is expected shortly. However, PEMEX awarded
400K three one-year contracts to Pride for three 200 foot mat-cantilever jackups. The day rate for all
350K
three jackups was below US$ 100.000. PEMEX also awarded jackup Noble Earl Frederickson
USD/Day
a new one-year contract. Day rate is reported to be US$ 150.000 for the 250ft IC rig.
300K
FredOlsen owned semi Borgny Dolphin secured a five-year contract with Petrobras for
250K
operation in Brazil. The rig is scheduled to commence work in Brazil during first quarter 2008
200K following completion of its current contract with PEMEX offshore Mexico. The day rate is
reportedly in the low to mid 200s.
150K
100K Petrobras also issued a tender for the charter of a jackup on a 720-day contract starting first
quarter 2008. The drilling program, offshore Brazil, requires a jackup for operations in water
50K
depths up to 230 ft.
0K
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
Semi High Spec Semi Standard Jackup High Spec Jackup Standard
04/2007 Page 7 of 34
US Gulf
US Gulf Rig Activity
240
Current 43 38 38 100 125 92 102 90 0 28 168 130 140 93
No. of Rigs
160 Previous 42 38 38 100 127 95 106 90 0 25 169 133 144 92

6 Months 43 39 39 100 134 102 106 96 0 32 177 141 145 97
12 Months 48 43 44 98 136 104 106 98 0 34 184 147 150 98
120
80 Dayrates ($1000 /day)

40 U% High Low High Low High Low High Low
Floaters 100 355 300 355 300 325 275 165 80
0 Jackups 90 170 140 165 140 180 150 85 50
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
Highlights
19
19
19
20
20
20
20
20
20
20
20
The market for floaters is strong, while the jackup market is currently softer. The jackup
Other Modes Cold Stacked Active Supply Jackups Demand Floaters Demand
market is showing signs of improvement.
Historic Dayrates - US Gulf Hercules Offshore and TODCO have entered into a definitive merger agreement by which
400K Hercules Offshore will acquire 100% of the outstanding stock of TODCO in a stock and cash
transaction. The transaction is valued at around USD 2.3 billion. The new company will
350K operate a fleet of 33 jackups, 27 barge rigs, 64 liftboats, three submersibles, nine land rigs and
one platform rig.
300K
USD/Day
Diamond secured a 180 day contract for the Ocean Saratoga with Llog at US$ 300.000 per
250K
day.
200K
Several fixtures have been secured for 300 ft jackups at below US$ 100.000 per day, which is
150K substantially lower than the international market rate.
100K
50K
0K
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
04/2007 Page 8 of 34
West & South Africa
West & South Africa Rig Activity
60

50
No. of Rigs
Current 30 25 26 96 27 23 24 96 0 7 57 48 50 96
40 30 30 30 100 26 24 24 100 0 2 56 54 54 100
Previous
6 Months 26 25 25 100 26 26 26 100 0 1 52 51 51 100
30 12 Months 22 20 20 100 23 22 22 100 0 3 45 42 42 100
20 Dayrates ($1000 /day)

10
Floaters 96 450 350 425 300 350 175 125 90
0 Jackups 96 200 170 210 170 190 130 85 45
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
Highlights
Contrary to the extremely tight deepwater market in the region he market for standard floaters
Other Modes Cold Stacked Active Supply Jackups Demand Floaters Demand in remains in balance. Several mid water units are scheduled to enter the market, but we
expect that future demand will increase to pick up the new units.
Historic Dayrates - West & South Africa The West African jackup market is tight and has no available jackups in 2007. Of the 25
450K jackups in the region the first available is the Pride Cabinda, which is available January 2008.
The market still carries a shortage of one to three units between May and December 2007.
400K
350K SeaDrill secured a five year contract with Total in the region at a day rate of US$ 520.000.
USD/Day
SeaDrill also secured a short term contract for the West Titania in Tunisia for 120 days at a
300K
day rate of US$ 150.000.
250K
200K
150K
100K
50K
0K
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
04/2007 Page 9 of 34
Pacific Rim
Pacific Rim Rig Activity
100

No. of Rigd
Current 25 17 17 100 56 53 54 98 0 10 81 70 71 99
60 Previous 26 20 20 100 57 50 50 100 0 13 83 70 70 100
6 Months 25 19 19 100 54 53 53 100 0 7 79 72 72 100
12 Months 25 17 17 100 53 50 50 100 0 11 78 67 67 100
40

Floaters 100 435 200 435 200 200 120 90 60
0 Jackups 98 225 180 225 180 190 120 80 55
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
Highlights
The jackup market remains tight in all sectors with little availability, increasing demand and
Other Modes Cold Stacked Active Supply Jackups Demand Floaters Demand day rates at unprecedented levels. However, in 2008 the supply begins to strengthen as the
rigs, currently under construction, in Southeast Asia, will begin to pass demand. Consequently
Historic Dayrates - Pacific Rim we see that several operators are adjusting the timing of their programs to the increased
450K deamnd.
400K Also the floater market is expected to remain firm through 2008. Demand and supply is set to
350K
grow through 2008. The floater market is currently fully utilized and consequently rates
USD/Day
continue at record levels. The increase in supply is predominantly due to the deepwater new
300K build currently under construction. Five new build semis will be completed in South Korea
and China in 2008.
250K
200K
150K
100K
50K
0K
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
04/2007 Page 10 of 34
Rest of the World
Rest of the World Rig Activity
160
140 Floaters Jackups Other Passive Total

No. of Rigs
120
Current 18 17 17 100 137 123 126 98 0 12 155 140 143 98
100 Previous 18 17 17 100 135 122 124 98 0 12 153 139 141 99
6 Months 16 14 14 100 125 120 120 100 0 7 141 134 134 100
80 12 Months 15 11 11 100 120 118 118 100 1 5 135 129 129 100
60 Dayrates ($1000/day) - (Fl

20 Floaters 100 400 300 325 295 250 145 155 60
Jackups 98 200 150 200 140 200 100 75 50
0
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
Highlights
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
The Mediterranean jackup market is currently operating at full utilization. However, from the
Other Modes Cold Stacked Active Supply Jackups Demand middle of 2007 and through 2008 the market will be in deficit. The market will require 17
Floaters Demand units by the beginning of 2008.
The Mediterranean semi market is expected to be undersupplied for the next two years. We see
strong demand for semi submersibles in Italy, Israel and Libya.
Activity Summary
Floaters Jackups Sum Active Rigs
D S U D S U D S U
India 8 8 100% 27 27 100% 35 35 100%
M.East/E.Afr. 1 1 100% 82 85 96% 83 86 97%
Med./N.Afr./Blk S 8 8 100% 14 14 100% 22 22 100%
Rest of the World 17 17 100% 123 126 98% 140 143 98%
04/2007 Page 11 of 34
Deepwater
Deepwater 1524 m/ft 5000
70
60
No. of Units
Drillships Other Passive Semis Total

50 TS D S U% Modes Fleet TS D S U% TS D S U%
Current 23 20 20 100 0 6 45 42 42 100 68 62 62 100
40 Previous 23 22 22 100 0 4 45 42 42 100 68 64 64 100
6 Months 23 22 22 100 0 2 44 43 43 100 67 65 65 100
30 12 Months 23 20 20 100 0 6 44 41 41 100 67 61 61 100
20
0 Gulf of Mexico 100 520 400 515 400 515 395 300 160
South America 100 450 350 475 350 475 220 180 110
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
W and S Africa 100 500 350 490 350 430 290 320 220
19
19
19
20
20
20
20
20
20
20
20
Other Modes Cold Stacked Active Supply
Rest of World West and South Africa South America
Gulf og Mex./Carribian
Highlights
The market for deep water rigs remain very strong with day rates firmly established above US$ 500.000
Activity Summary Drillships Semis Sum Active Rigs per day.
D S U D S U D S U
Gulf of Mexico 6 6 100% 18 18 100% 24 24 100%
South America 5 5 100% 7 7 100% 12 12 100%
West and South Africa 5 5 100% 9 9 100% 14 14 100%
Rest of the World 4 4 100% 8 8 100% 12 12 100%
World Total 20 20 100% 42 42 100% 62 62 100%
04/2007 Page 12 of 34
JusTj5,6DN
Newbuildings and Attrition

Rigs on Order
32
28
24
Seadrill orders seventh newbuild semi at Jurong in Singapore. The turnkey contract has a net total
No. of Rigs
20 Semi project value of USD 531.5 million and delivery is scheduled for April 2010. The rig is based on
16 Drillship an F&G design and is similar to the two units Seadrill already has under construction at the yard.
Jackup
12
8 Saipem has secured a US$ 660 million contract with Samsung for a deepwater drillship TBN
4 Saipem 12000. The unit is due to first quarter 2010.
0
Orion International Drilling Service has ordered two Super M2 jackups for a total of USD 315.7
07
08
09
10
million, plus two options. The first unit is scheduled to be delivered in thir.75 30.8 m 150.65 30.8 l 150.65 32.65 l 148.725
20
20
20
20
Attrition
8
7
6
No. of Rigs
5 Semi
4 Drillship
Jackup
3
2
1
0
Year Removed
19 4
19 5
19 6
19 7
19 8
19 9
19 0
19 1
19 2
19 3
19 4
19 5
19 6
19 7
19 8
19 9
19 0
19 1
19 2
19 3
19 4
19 5
19 6
19 7
19 8
20 9
20 0
20 1
20 2
20 3
20 4
20 5
20 6
07
7
7
7
7
7
7
8
8
8
8
8
8
8
8
8
8
9
9
9
9
9
9
9
9
9
9
0
0
0
0
0
0
0
19
Age Profile - Current Fleet

100
Newbuilding Prices (in USD mill.)
80
No. of Rigs
Drillship - DP 630 630 580 410

60
Semi
Jackup Ultra Prem 185 185 185 135
Jackup
40 Drillship Semi - Deepwater 630 630 580 440
20
0
Year Built
19 4
19 5
19 6
19 7
19 8
19 9
19 0
19 1
19 2
19 3
19 4
19 5
19 6
19 7
19 8
19 9
19 0
19 1
19 2
19 3
19 4
19 8
20 9
20 0
20 1
20 2
20 3
20 4
20 5
20 6
07
7
7
7
7
7
7
8
8
8
8
8
8
8
8
8
8
9
9
9
9
9
9
9
0
0
0
0
0
0
0
19
Newbuilding Orders
OWNER NAME DESIGN TYPE WD' GEN/ SHIPYARD EST. DEL'Y REMARKS
GROUP COST
Jackup 68 Units
Scorpion Offshore OFFSHORE COURAGEOUS LTSUP116 350 IC Amfels, Brownsville 133 30.05.2007 Available.
Sinvest DEEP DRILLER 5 KF SUP B 350 IC Keppel Fels 132.8 31.05.2007 Confirmed 02/05. Available.
A.P. Møller-Mærsk MAERSK COMPLETER BMPAC375 375 IC Jurong Shipyard 132.8 30.06.2007 Confirmed 02/05. Available.
Perf. Central PANUCO SUP 116E 350 IC Le Tourneau, Vicksburg UNKN 30.06.2007 PEMEX, 913d.
Seadrill WEST PROSPERO KFELS B 350 IC Keppel Fels 119.6 15.07.2007 Confirmed 02/05. Avail. Two further options.
Awilco Drilling WILSUPERIOR BMPAC375 375 IC Ppl Shipyard 121 15.07.2007 Thang Long JOC Vietnam, 1yr LoA.
Noble Drilling NOBLE ROGER LEWIS JU-2000E 400 IC Dalian New Shipyard 156.4 01.08.2007 Shell 2+5x1yr (to be definite by 01/09/05).
Seadrill WEST ATLAS KFELS B 400 IC Keppel Fels 129 15.09.2007 Coogee Australia 12+12mos LoI.
Sinvest DEEP DRILLER 4 BMPAC375 350 IC Ppl Shipyard 119.6 30.09.2007 Confirmed 02/05. Avail. Two further options.
Scorpion Offshore OFFSHORE DEFENDER LTSUP116 350 IC Amfels, Brownsville 133 15.10.2007 Available.
Rowan Co'S J.P. BUSSELL TARZAN 300 IC Signal Int'L, Orange 100 15.11.2007 Available.
Awilco Drilling WILBOSS KFELS B 400 IC Keppel Fels 134.0 30.11.2007 Declared option. Available.
A.P. Møller-Mærsk MAERSK JU 1 MSC CJ50 350 IC Keppel Fels 153 15.12.2007 Part of four-rig deal worth abt US$611m.
Seadrill WEST TRITON BMPAC375 375 IC Ppl Shipyard 129 15.12.2007 Available.
Gulf Drilling Int'L AL ZUBARAH KFELS 5B 300 IC Keppel Fels 130 31.12.2007 Available (?).
China Oilfield Serv. COSL 942 JU-2000E 400 IC Dalian New Shipyard 147 31.12.2007 Yard's total constr. cost incl. commiss. Owner oper.?
Petrojack PETROJACK 2 BMPAC375 374 IC Jurong Shipyard 132.8 31.01.2008 Confirmed 02/05. Available.
Diamond Offshore OCEAN SHIELD KF SUP B 350 IC Keppel Fels 150 31.01.2008 O. SHIELD/SCEPTER: comb. constr. cost abt $300m.
Japan Drilling Co. HAKURYU 10 BMPAC375 375 IC Ppl Shipyard 130 15.02.2008 Available.
Awilco Drilling WILFORCE BMPAC375 375 IC Ppl Shipyard 144 28.02.2008 Avail. Owner has three rem. newb. options.
Noble Drilling NOBLE HANS DEUL JU-2000E 400 IC Dalian New Shipyard 153.4 01.03.2008 Shell Qatar long term (verb. commitment).
Scorpion Offshore OFFSHORE RESOLUTE LTSUP116 350 IC Amfels, Brownsville 143 15.03.2008 Available.
Diamond Offshore OCEAN SCEPTER KF SUP B 350 IC Amfels, Brownsville 150 31.03.2008 O. SHIELD/SCEPTER: comb. constr. cost abt $300m.
Seadrill WEST ARIEL KFELS B 400 IC Keppel Fels 132 15.04.2008 Available.
A.P. Møller-Mærsk MAERSK JU 2 MSC CJ50 350 IC Keppel Fels 153 15.05.2008 DONG Denmark, 2+1yrs.
Thule Drilling THULE ENERGY FG SUPM2 300 IC Qgm Group 126 31.05.2008 Available, to be marketed for M.East work.
Aban Offshore ABAN 8 BMPAC375 375 IC Ppl Shipyard 175 01.06.2008 Available.
Rowan Co'S ROWAN MISSISSIPPI LT 240C 400 IC Le Tourneau, Vicksburg 165 01.06.2008 New design. Available.
Scorpion Offshore OFFSHORE VIGILANT LTSUP116 350 IC Amfels, Brownsville 90 * 15.06.2008 * Constr. cost ex OFE. Available.
Awilco Drilling WILSEEKER BMPAC375 375 IC Ppl Shipyard 132-140 30.06.2008 Yard cost $125m. Available.
A.P. Møller-Mærsk MAERSK CONVINCER BMPAC375 375 IC Jurong Shipyard 132.8 31.07.2008 Confirmed 02/05. Available.
Thule Drilling THULE FORCE FG SUPM2 300 IC Qgm Group 126 31.07.2008 Available, to be marketed for M.East work.
04/2007 Page 14 of 34
Sinvest DEEP DRILLER 6 KF SUP B 350 IC Keppel Fels 145 31.08.2008 Available.
Mosvold Jackup MOSVOLD 104 FG SUPM2 300 IC Mis Shipyard 143 31.08.2008 Yard turnkey cost $126m. Available.
Umw Petropipe NAGA-2 CJ46X100 350 IC Labroy Marine Shipyard 171 30.09.2008 Available.
Jindal Group DISCOVERY-1 KFELS B 350 IC Keppel Fels 171 30.09.2008 Available.
Atwood Oceanics ATWOOD AURORA SUP 116E 350 IC Amfels, Brownsville 150-160 30.09.2008 Total cost dep. upon poss. enhancem. Available.
Nat. Iranian Oil Co. NIOC JU 1 UNKN-JU 300 IC Khorramshahr Yard 660 01.10.2008 Drilling contract in place ?
Scorpion Offshore OFFSHORE INTREPID LTSUP116 350 IC Amfels, Brownsville 143 31.10.2008 Available.
Jindal Group VIRTUE 1 KFELS B 350 IC Keppel Fels 184 31.10.2008 Available.
Sinvest DEEP DRILLER 7 KF SUP B 350 IC Keppel Fels 139.6 30.11.2008 Available.
Petrojack PETROJACK 4 BMPAC375 375 IC Jurong Shipyard 143 01.12.2008 Yard turnkey cost $126m. Available.
Mosvold Jackup MOSVOLD 105 FG SUPM2 300 IC Mis Shipyard 143 31.12.2008 Yard turnkey cost $126m. Available.
Nat. Iranian Oil Co. NIOC JU 2 UNKN-JU 300 IC Khorramshahr Yard 660 31.12.2008 Drilling contract in place ?
Offshore Group Corp. OFFGROUP JU 2 BMPAC375 375 IC Ppl Shipyard 190 31.12.2008 Available.
Rowan Co'S ROWAN 240-C 2 LT 240C 400 IC Le Tourneau, Vicksburg 165 01.01.2009 New design. Available.
Uni-Arab Group UAGH JU 1 FG SUPM2 300 IC Yantai Raffles, Yantai 135 31.01.2009 Constr. cost incl. OFE. Available.
Sinvest DEEP DRILLER 8 BMPAC375 351 IC Ppl Shipyard 140.1 28.02.2009 Available.
Mercator Lines MERCATOR JU 1 KFELS B 350 IC Keppel Fels 180 * 01.03.2009 * Operation ready. Available.
Great Eastern Shpg GESCO JU 2 SUP 116E 350 IC Bharati Shipyard UNKN 31.03.2009 Available.
Noble Drilling NOBLE SCOTT MARKS JU-2000E 400 IC Dalian Shipb. Industry Co. 190 31.03.2009 Venture Prod. UK, 2yrs commitment.
Standard Drilling STANDARD JU 2 CJ46X100 350 IC Labroy Marine Shipyard 146 30.04.2009 Available. + 2 newb. opts.
Awilco Drilling WILSTRIKE KFELS B 400 IC Keppel Fels 146 31.05.2009 Exerc. option, available.
Awilco Drilling WILCONFIDENCE BMPAC375 375 IC Ppl Shipyard 149 * 30.06.2009 * Total cost. Last opt exerc. Available.
Offshore Group Corp. OFFGROUP JU 1 BMPAC375 375 IC Ppl Shipyard 155 31.07.2009 Available.
Umw Petropipe NAGA-3 CJ46X100 350 IC Labroy Marine Shipyard 146 31.07.2009 Available. + 2 newb. opts.
Orion Int'L Drilling Serv. ORION JU 1 FG SUPM2 300 IC Mis Shipyard 157.8 * 30.09.2009 * Yard contract price. Available.
Great Eastern Shpg GESCO JU 1 KFELS B 350 IC Keppel Fels 182 01.10.2009 Available.
Ks Energy Middle East Jv KSEME JU 1 FG SUPM2 300 IC Mis Shipyard 148 31.10.2009 Available. One newb. option.
Standard Drilling STANDARD JU 4 CJ46X100 350 IC Labroy Marine Shipyard 153.5 31.10.2009 Available.
Essar Oilfield Services ESSAR JU 1 JU-2000A 450 IC Abg Shipyard UNKN 31.12.2009 Available, for Indian market ?
Orion Int'L Drilling Serv. ORION JU 2 FG SUPM2 300 IC Mis Shipyard 157.8 * 31.03.2010 * Yard contract price. Available.
Skeie Drilling & Prod. PRODJACK JU 1 KFELS N 400 IC Keppel Fels 371 31.03.2010 Complies with Norw. rules & reg's. Available.
Petroprod PETROPROD JU 1 CJ70 E 492 IC Jurong Shipyard 560 * 30.06.2010 * Est. total del'y cost. Simult. drlg/prod. Available.
Essar Oilfield Services ESSAR JU 2 JU-2000A 450 IC Abg Shipyard UNKN 31.08.2010 Available, for Indian market ?
Skeie Drilling & Prod. PRODJACK JU 2 KFELS N 400 IC Keppel Fels 392 31.08.2010 Total cost $465m. Norw. rules & reg's. Available.
Semi 35 Units
Eastern Drilling WEST E-DRILL CS 50 M2 CM 10,000 6 Samsung H. I. 615 31.01.2008 Total Norway, 3yrs (poss. 4 or 5yrs).
A.P. Møller-Mærsk MAERSK DS-21 DSS 21 10,000 6 Keppel Fels 235 * 27.03.2008 * Hull ctr price. Maersk supplying drilling and other equipm.
04/2007 Page 15 of 34
Seadrill WEST HERCULES GVA7500N CM 9,842 6 Daewoo Shipb. & Mar. Eng. 506 30.04.2008 Turnkey newb. contract. Husky China, 3yrs.
Aker Drilling AKER SS 1 H-6E CM 10,000 6 Aker Kvaerner Stord 615 30.04.2008 Price incr. due to enh. spec's. Statoil Norway 3-10yrs.
Ensco ENSCO 8500 E 8500 CM 8,500 6 Keppel Fels 312 15.05.2008 Anadarko/Dominion/KMG, USG, 4+4x1yrs.
Seadrill WEST SIRIUS FG EXD 10,000 6 Jurong Shipyard 430 31.05.2008 Del'y 1Q/08. Devon USG, 4+2x1yrs.
Offrig Drilling WILPIONEER GM 4000 CM 2,500 6 Yantai Raffles, Yantai 143 31.07.2008 Available.
Seadrill WEST AQUARIUS GVA7500N CM 9,842 6 Daewoo Shipb. & Mar. Eng. 496 31.07.2008 Yard turnkey contract price. Available.
Eastern Drilling WEST EMINENCE CS 50 M2 CM 10,000 6 Samsung H. I. 610 30.09.2008 Available.
Aker Drilling AKER SS 2 H-6E CM 10,000 6 Aker Kvaerner Stord 650 31.10.2008 Price incr. due to enh. spec. Aker Expl. Norway, 3yrs.
Odfjell Invest DEEPSEA ATLANTIC GVA7500E CM 10,000 6 Daewoo Shipb. & Mar. Eng. 608-628 31.10.2008 Available.
Seadrill WEST TAURUS FG EXD 10,000 6 Jurong Shipyard 407 01.11.2008 Available.
Offrig Drilling WILINNOVATOR GM 4000 CM 2,500 6 Yantai Raffles, Yantai 320 31.12.2008 Cost incl. OFE etc. Hydro Norway 5yrs, poss. 8yrs.
Petromena PETRORIG 1 FG EXD 10,000 6 Jurong Shipyard 450 31.01.2009 Petrobras USG/Brazil, 5+5yrs.
Sevan Drilling SEVAN DRILLER SSP 650 12,500 6 Cosco Shipyard 480 * 31.01.2009 * Est. all-in delivery cost. P'bras USG 6yrs.
Schahin Cury SCHAHIN SS 2 FG EXD 8,000 6 Yantai Raffles, Yantai UNKN 31.03.2009 Petrobras 5+5yrs.
Ensco ENSCO 8501 E 8500 CM 8,500 6 Keppel Fels 338 31.03.2009 Nexen USG: 2yrs & Noble En. USG: 1.5yrs, +4x1yr opts.
Global Santa Fe GSF DEVEL. DRILLER 3 DSS 51 CM 10,000 6 Keppel Fels 590 * 31.03.2009 * Est. total. Yard cost $270m. BP w-wide, 7yrs.
Queiroz Galvao Perf. GALVAO SS 1 TDS2000 8,000 6 Int'L Metal & Constr. Co. <500 30.04.2009 Petrobras 5+5yrs.
Petroserv PETROSERV SS 1 GVA 7500 10,000 6 Daewoo Shipb. & Mar. Eng. UNKN 30.04.2009 Petrobras 7+7yrs.
Seadragon Offshore OBAN B CS 50 M2 10,000 6 Sevmash / Haverton Hill 510 * 30.06.2009 * As compl. MODU. Ex Moss Mosvold's 2nd unit.
Saipem SCARABEO 8 CS 50 M2 9,842 6 Sevmash / Fincantieri 615 31.07.2009 Bare-deck hull compl. as MODU. ENI Norway 5+<2yrs.
Frigstad Discoverer Inv. FRIGSTAD OSLO FRIG D90 CM 12,000 6 Yantai Raffles, Yantai 533 * 05.09.2009 * Total project cost. Available.
Queiroz Galvao Perf. GALVAO SS 2 DSS 38 9,000 5 Keppel Fels 270 * 30.09.2009 * Yard price. Petrobras 7+7yrs.
Petromena PETRORIG 2 FG EXD 10,000 6 Jurong Shipyard 485 30.09.2009 Petrobras 5yrs.
Ensco ENSCO 8502 E 8500 CM 8,500 6 Keppel Fels 385 31.12.2009 Available.
Offrig Drilling WILPROMOTOR GM 4000D CM 2,500 6 Yantai Raffles, Yantai 310 31.12.2009 Cost incl. OFE etc. Hydro Norway 5yrs, poss. 8yrs.
Schahin Cury SCHAHIN SS 1 FG EXD 7,000 6 Yantai Raffles, Yantai UNKN 31.01.2010 Petrobras 7+7yrs.
Petromena PETRORIG 3 FG EXD 10,000 6 Jurong Shipyard 524 31.01.2010 Available.
Odebrecht Perfuracoes ODEBRECHT SS 1 TDS2000 7,000 6 Int'L Metal & Constr. Co. UNKN 28.02.2010 Petrobras 7+7yrs.
Delba Perforadora DELBA SS 1 TDS2500 7,874 6 Int'L Metal & Constr. Co. 450 31.03.2010 Petrobras 7yrs.
Odfjell Invest DEEPSEA RIG 2 GVA7500E CM 10,000 6 Daewoo Shipb. & Mar. Eng. 645 30.06.2010 Exercised option 23/02/07. Available.
Cnooc CNOOC SS 1 FG CNOOC 9,842 6 563 * 01.10.2010 * Est. total investment cost. Available.
Drillship 15 Units
Stena Drilling STENA DRILLMAX 1 SAMS DS 10,000 DP Samsung H. I. 600 01.12.2007 Repsol w-wide, 4+1yrs.
Stena Drilling STENA DRILLMAX 2 SAMS DS 10,000 DP Samsung H. I. 550 30.04.2008 Chevron, UKCS/WoSh/Faroes, 3yrs+opts.
Mosvold Drilling WEST POLARIS S10000E 10,000 DP Samsung H. I. 485 30.06.2008 LoI for 3yrs w-wide work for oper. tba.
Mosvold Drilling WEST CAPELLA S10000E 10,000 DP Samsung H. I. 480 31.12.2008 Available.
Pacific Drilling PACIFIC DS 1 S10000E 10,000 DP Samsung H. I. 524 28.02.2009 Available.
04/2007 Page 16 of 34
Transocean DISCOVERER CLEAR LEADER EPRISE E 12,000 DP Daewoo Shipb. & Mar. Eng. 650 * 31.03.2009 * Est. total cost. Chevron, USG, 5yrs.
Transocean DISCOVERER DS 1 EPRISE E 12,000 DP Daewoo Shipb. & Mar. Eng. 615 * 30.04.2009 * Excl. capital interests. Hydro GoM 4yrs.
Petrobras / Mitsui PETROBRAS DS 1 UNKN-DS 10,000 DP Samsung H. I. 582 30.06.2009 Eur. owner ? Petrobras et al, 10yrs.
Stena Drilling STENA DRILLMAX 3 SAMS DS 10,000 DP Samsung H. I. 631 30.06.2009 Available.
Mpf Corp. MPF-01 MPF 1000 9,842 DP Dalian / Dragados 683 01.07.2009 DS/FPSO. Hull at Dalian ($120m). Available.
Pacific Drilling PACIFIC DS 2 S10000E 10,000 DP Samsung H. I. 524 31.10.2009 Available.
Transocean DISCOVERER INSPIRATION EPRISE E 12,000 DP Daewoo Shipb. & Mar. Eng. 670 * 31.12.2009 * Est. total capex. Chevron, USG, 5yrs (ch'able to 3yrs).
Saipem SAIPEM 12000 S10000E 12,000 DP Samsung H. I. 660 31.03.2010 Drilling contract in place ?
Unknown AFRICAN DS 1 UNKN-DS DP Samsung H. I. 586 30.04.2010 Reportedly ordered by African buyer. Available.
Petrobras PETROBRAS DS 2 UNKN-DS 10,000 DP Samsung H. I. 616 30.06.2010 Petrobras long term drilling.
Total Newbuildings 118 Units
04/2007 Page 17 of 34
Newbuilding Options
OWNER NAME DESIGN TYPE WD' GEN/ SHIPYARD EST. DEL'Y REMARKS
GROUP COST
Jackup 10 Units
Thule Drilling THULE JU 3 FG SUPM2 300 IC Qgm Group 126 30.06.2008 Newb. option (one of 11 ?) at the QGM Group, Sharjah - exercise deadline ?
Great Offshore GEO JU 1 SUP 116E 300 IC Bharati Shipyard 135 01.07.2008 As of 15/06/06 the construction contract is not yet signed. Rig to be built for use in Indian w
Thule Drilling THULE JU 4 FG SUPM2 300 IC Qgm Group 126 30.09.2008 Newb. option (one of 11 ?) at the QGM Group, Sharjah - exercise deadline ?
Mosvold Jackup MOSVOLD JU 4 FG SUPM2 300 IC Mis Shipyard 143+ 31.10.2009 Total cost $143m + cost adjustments. Available.
Orion Int'L Drilling Serv. ORION JU 3 FG SUPM2 300 IC Mis Shipyard 31.12.2009 1st option.
Orion Int'L Drilling Serv. ORION JU 4 FG SUPM2 300 IC Mis Shipyard 30.06.2010 2nd option.
Ks Energy Middle East Jv KSEME JU 2 FG SUPM2 300 IC Mis Shipyard 31.10.2010
Skeie Drilling & Prod. PRODJACK JU 3 KFELS N 400 IC Keppel Fels 370 31.12.2010 To be decl. by 09/07.
Unknown TBA JU 3 JU-2000A 450 IC Abg Shipyard 30.04.2011
Unknown TBA JU 4 JU-2000A 450 IC Abg Shipyard 31.12.2011
Semi 4 Units
Moss Mosvold Platforms MOSS MOSVOLD SS 3 CS 50 M2 10,000 6 Sevmash <60 ? 01.01.2010 Hull option, not decl. - still valid with flex. exerc. timing.
Frigstad Discoverer Inv. FRIGSTAD SS 3 FRIG D90 12,000 6 Yantai Raffles, Yantai 15.02.2010
Frigstad Discoverer Inv. FRIGSTAD SS 4 FRIG D90 12,000 6 Yantai Raffles, Yantai 15.08.2010
Offrig Drilling OFFRIG SS 4 GM 4000 CM 2,500 6 Yantai Raffles, Yantai 320 01.10.2010 Cost incl. OFE etc. Available.
Drillship 2 Units
Mpf Corp. MPF-02 MPF 1000 9,842 DP Cosco (Dalian) Shipyard 01.07.2010
Tanker Pacific Mgmt FERNCLIFF 3 S10000E 10,000 DP Samsung H. I. 31.12.2010
Total Newbuildings 16 Units
04/2007 Page 18 of 34
Conversions/Upgrading/Various
OWNER NAME DESIGN WD' GEN./ SHIPYARD EST. DEL'Y REMARKS
GROUP COST
Semi 12 Units
Atlantic Oilfield Serv. ATLANTIC VENTURE E&W SEDCO 700 1,640 2 Kaiser Steel, Oakland UNKN 01.07.1977 Re-activ. as MODU, est. compl. 12/08.
Diamond Offshore OCEAN MONARCH OCEAN VICTORY 10,000 2 Aker Group, Nylands V. 300 15.06.1974 Est. total cost of major upgrade to dpw at Keppel FELS 10/06 - 12/08.
Fred Olsen Energy BLACKFORD DOLPHIN AKER H-3 7,000 2 Aker Group, Nylands V. 475 15.10.1974 Upgr. at Keppel Verolme, R'dam 04/06 - 07/07: yard cost $177m, capex abt $475m.
Lukoil SHELF 07 F&G ENH. PACESETTER 984 3 Astrakhan Shipyard 30.06.2008
Noble Drilling NOBLE CLYDE BOUDREAUX F&G ENH. PACESETTER 10,000 5 Vyborg / Signal Shipyard 300 01.01.1987 Shell, USG, 2yrs+opts from late 04/07 upon compl. rebuild.
Noble Drilling NOBLE DANNY ADKINS BINGO 9000 12,000 5 Dalian / Jurong 500 28.02.2009 Bare-dk, compl. 02/09 at Dalian. Shell USG, 4yrs+opts.
Noble Drilling NOBLE DAVE BEARD F&G ENH. PACESETTER 10,000 5 Astrakhan / Dalian REM. 01.11.1986 Rebuild, del'y late 06/08. Noble: total capex $375m. P'bras Brazil, 5yrs.
Noble Drilling NOBLE JIM DAY BINGO 9000 12,000 6 Dalian / Jurong UNKN 15.12.2009 Bare-deck, to be compl. 12/09. Marathon USG, 2+2yrs.
North Drilling Co. IRAN-ALBORZ GVA 4000 3,280 5 Sadra Shipyard 300 20.03.2008 NIOC owner op. Non-compet. unit (Caspian Sea).
Queiroz Galvao Perf. OLINDA STAR CFEM TH-2800 3,609 2 U.I.E., Cherbourg 01.07.1983
Transocean SEDCO 702 E&W SEDCO 700 6,500 2 Avondale, New Orleans 300 01.07.1973 Est. upgr. cost KFELS S'pore, incl. DP + WD 6,500 fsw. Compl. 10/07.
Viking Drilling VIKING PRODUCER PENTAGONE 1,500 2 C.F.E.M., Le Havre 144.50 15.06.1969 Purch. price + re-activ./upgr. cost abt $160m. Avail. 07/08.
Jackup 6 Units
Gazflot ARCTICHESKAYA CD&EB KORALL ARKTIK 328 IC Zvezdochka Shipyard 100 01.07.2007 Del'y delayed until 2Q-3Q/07 due to fin./techn. problems.
Global Process Systems BLAKE 505 BAKER MARINE 250-MS 250 MS Baker Marine Corp. UNKN 01.07.1981 Sold 06/06 to GPS for conv. to MOPU.
Hercules Offshore HERCULES 26 MARATHON L.T. 150-44-C 250 IC Mar. Le Tourneau, Brownsv. 47.0 15.07.1979 Approx. cost of re-furb./upgrade at USG shipyard 02.06 - 07.07.
Kca Deutag Drilling BEN RINNES MARATHON L.T. 53 350 IC Marathon Shipb., Clydebank 69.0 02.11.1973 Rebuild to working MODU - ready 10/06.
Nabors Offshore NABORS 660 LEVINGSTON 111-C 300 IC Levingston Shipb., Port Arthur43.0 15.12.1971 Contract price for refurb. at Lamprell, Sharjah.
Thule Drilling THULE POWER BAKER MARINE 200-IC 250 IC Promet Private Ltd. 99.0 15.04.1982 Est. cost of rebuild as MODU at QGM, del'y mid 02/07.
Drillship 3 Units
Aban Offshore ABAN ABRAHAM IHC GUSTO PELICAN CL. 6,600 DP Ihc Gusto Shipyard 180 - 200 15.11.1976 Re-activ./upgrade at Sembawang, compl. est. 2Q/07.
Frontier Drilling FRONTIER DEEPWATER IHC GUSTO PELICAN CL. 5,000 DP Scott'S Shipb. Co. UNKN 01.01.1979 WD & other upgrade at Keppel FELS, avail. 08/08.
04/2007 Page 19 of 34
Neptune Mar. Drilling NEPTUNE EXPLORER IHC GUSTO PELICAN CL. 3,500 CM Werf "Gusto" 145.0 * 15.11.1973 * Project cost. Refurb. Semb. to 07/07. Reliance India 3+3yrs.
Total 21 Units
04/2007 Page 20 of 34
Secondhand Market
Average Values
350
Highlights - Sale and purchase activity.

300
The sale of 300 fsw jackup "Fortuna" from Grup Servicii Petroliere (GSP) to Iranian Offshore
Mill USD
250
Engineering Company (IOEC) closed late March. Purchase price of the 1985-built four-leg
Orion class unit was not disclosed. The rig has been renamed "Oriental 1", and is idle off
200 Sharjah.
150 Nabors Offshore is selling three accommodation jackups to a Mike Mullen Energy
Equipment Resources subsidiary called MMEER Cayman Ltd. Sale conclusion and handover
100 is to take place during May 2007. The units are: "Nabors 691" ex "Ahmed" (288 beds, built
1967 as drilling rig "Maersk Explorer"), "Nabors 692" ex "Deema" (441 beds, built 1966 as a
drilling rig for Penrod), and "Nabors 693" ex "Leen" (138 beds, built 1998 as a service unit).
50
Purchase price of these units has so far not been disclosed. When MMEER take over
operation, the units will have their previous names "Ahmed", "Deema" and "Leen" back. As
0 not being MODU's, none of these units are counted in our fleet.
4
4
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
/0
97
98
99
00
01
02
03
04
05
06
07
19
19
19
20
20
20
20
20
20
20
20
Jackup 200 FT JU Jackup 300 FT JU Semi 2ND GEN Semi 3RD GEN
Secondhand Values Current 6 Months 1 Year 2 Years

Mill USD Month Ago Ago Ago
Jackup 200 FT JU 50-80 40-80 35-60 20-30
300 FT JU 130-200 130-200 120-175 70-80
HARSH 200-250 170-220 150-210 90-110
HARSH ULTRA 300-350 240-270 200-250 140-170
Semi 2ND GEN 200-260 180-240 120-180 35-65
3RD GEN 280-350 220-300 180-250 110-150
4TH GEN 350-450 320-400 270-320 160-210
04/2007 Page 21 of 34
Secondhand Sales
Sale Date Name Design WD' Built Price Seller Buyer Remarks
Drillship 18 Units
2006.07 FERNCLIFF DS 1 S10000E 10,000 2009 * Ferncliff Drilling Tanker Pacific Mgmt * Company (val. $137.5m) transaction.
2006.07 FERNCLIFF DS 2 S10000E 10,000 2009 * Ferncliff Drilling Tanker Pacific Mgmt * Company (val. $137.5m) transaction.
2006.01 PEREGRINE 03 PELICAN 6,600 1976 80.00 Transocean West Africa Drilling
2006.01 PEREGRINE 03 PELICAN 6,600 1976 90.00+ West Africa Drilling Aban Loyd Chiles Sale of owning co. + 15% dayrate bonus for 3y
2005.12 PRIDE AFRICA G10000 10,000 1999 REM. Pride / Sonangol Pride International Pride incr. o'ship to 91% in 2 x DS & 1 x JU
2005.12 PRIDE ANGOLA G10000 10,000 1999 REM. Pride / Sonangol Pride International Pride incr. o'ship to 91% in 2 x DS & 1 x JU
2005.09 GSF ROBERT F. BAUER GLOM 40 3,300 1983 45.00 Madeira Invest Songa Offshore Buyer bought selling co. Ren. SONGA SATURN.
2005.08 GSF ROBERT F. BAUER GLOM 40 3,300 1983 25.00 Global Santa Fe Madeira Invest Buyer is a Norwegian investment co.
2005.04 DISCOVERER 1 DISCOVER 1,500 1977 7.80 Ipc Neptune Drilling Being refurbished. Poss. upgrade later.
2005.04 NORTHERN EXPLORER 3 PELICAN 3,500 1973 5.90 Sundrop Neptune Drilling Being refurbished. Poss. upgrade later.
2005.03 DISCOVERER 1 DISCOVER 1,500 1977 3.60 Northern Offshore Ipc
2005.03 NORTHERN EXPLORER 3 PELICAN 3,500 1973 3.30 Northern Offshore Sundrop
2004.11 GAZPROM-1 CHERN DS 984 1998 11.00 Gazflot Serv. Mar. De Campeche Sold for conv. to craneship - working Mexico.
2004.09 WEST NAVIGATOR MST 8,202 2000 175 Smedvig Smedvig Sale (LoI) of 50% based on rig val. $350m.
2004.09 FRONTIER ICE CONVBC 984 1959 UNKN Frontier Drilling Aban Loyd Chiles Sale concluded 29/09/04.
2004.01 NORTHERN EXPLORER 2 CONVTK 600 1945 2.10 Northern Offshore Scrap Yard Sold for scrap.
2003.12 DEEPWATER PATHFINDER SAMRBFCO 10,000 1998 92.50 Deepwater Drilling Llc Transocean ConPhil. sold its 50% of Deepwater Drilling L
2003.06 DEEPWATER FRONTIER SAMRBFCO 10,000 1999 220.00 Deepwater Drilling Llc Transocean TO bought rem. 40% from CoPhil: $88.5m.
Jackup 57 Units
2007.03 GSF HIGH ISLAND 3 MLT82SDC 250 1980 26.30 Global Santa Fe Ks Energy Services Sale of Hurr. Rita damaged rig final early 03
2007.03 FORTUNA ORION 300 1985 UNKN Grup Servicii Petroliere Iranian Offsh. Eng. Co. Sale closed abt 28/03/07.
2006.12 GSF ADRIATIC 07 MLT116C 350 1983 30 Global Santa Fe Lynemouth Drilling Rig was severely damaged by Hurricane Rita 09
2006.12 WEST PROSPERO KFELS B 350 2007 210 Seadrill Ship Finance Int'L 15-yr lease-back to seller, with re-purch. op
2006.11 NAGA-2 CJ46X100 350 2008 176,50 Umw Petropipe Umw Petropipe 2-rig sale concl. 01/07: each 51% @ $90m, bas
2006.11 NAGA-3 CJ46X100 350 2009 176,50 Umw Petropipe Umw Petropipe 2-rig sale concl. 01/07: each 51% @ $90m, bas
2006.07 SEADRILL 03 KFELS B 350 2006 210.00 Seadrill Ship Finance Int'L 15yrs lease-back to seller.
2006.06 ODIN WARWICK LEV111-C 300 1971 UNKN Eer / Incomare J.V. Nabors Offshore Hurricane-damaged ex Ocean Warwick.
2006.06 PETROJACK 1 BMPAC375 375 2007 210.00 Petrojack A.P. Møller-Mærsk Owning co's Petrojack I & III sold for $420m.
2006.06 PETROJACK 3 BMPAC375 375 2008 210.00 Petrojack A.P. Møller-Mærsk Owning co's Petrojack I & III sold for $420m.
04/2007 Page 22 of 34
2006.06 BLAKE 505 BMC250MS 250 1981 UNKN Blake Offshore (Eer) Global Process Systems To be conv. to MOPU.
2006.04 JACKINVEST JU 1 BMPAC375 375 2008 180.00 Jackinvest Petrojack Price incl. 100% of owning co. and other cost
2006.04 SONGA NEPTUNE MLT053 350 1973 REM. Songa Drilling Abbot Group Owning co. sold in a cash deal val. $442.7m.
2006.04 SONGA JUPITER FG 780 300 1981 REM. Songa Drilling Abbot Group Owning co. sold in a cash deal val. $442.7m.
2006.04 SONGA TELLUS MLT82SDC 250 1980 REM. Songa Drilling Abbot Group Owning co. sold in a cash deal val. $442.7m.
2006.02 OCEAN WARWICK LEV111-C 300 1971 UNKN Diamond Offshore Eer / Incomare J.V. Re-build to accom. unit intended.
2006.01 ARIES 150-44-C 250 1979 20.10 Aries Offshore Partners Hercules Offshore Closing 02/06. Cold stkd 6yrs - re-act./upgr
2005.12 PRIDE CABINDA LEV111-C 300 1983 REM. Pride / Sonangol Pride International Pride incr. o'ship to 91% in 2 x DS & 1 x JU
2005.12 RBF 151 BMC150-H 150 1981 UNKN Todco (Transocean) Blake Offshore (Eer) Sold during 2005 ?
2005.11 NAHUATL MLT82SDC 250 1980 52.00 Protexa Songa Drilling Ren. SONGA TELLUS. $20m upgrade.
2005.10 BLAKE CHAMPION MLT053 350 1973 35.00 Blake Offshore (Eer) Songa Drilling Rebuild to MODU. Ren. SONGA NEPTUNE.
2005.10 DEEPSEA AMBASSADOR KFELS B 350 2006 UNKN Odfjell Drilling Seadrill Ltd SeaDrill increased shares to 91.7% in Odfjell
2005.10 DEEPSEA TBN 2 KFELS B 350 2007 UNKN Odfjell Drilling Seadrill Ltd SeaDrill increased shares to 91.7% in Odfjell
2005.09 ODIN SPIRIT JU-250MS 250 1979 12,60 Energy Equipment Res. Hercules Drilling Ren. HERCULES 31. Being refurb.; abt $15m.
2005.08 NOBLE CROSCO PANON LEV111-C 300 1976 32.10 Crosco/Noble Drilling Noble Drilling Crosco sold its 50% in j.v., basis val. $64.2
2005.06 TRANSOCEAN JUPITER ORION 170 1981 19.00 Transocean Hercules Offshore Sale price abt $18-20m. Ren. HERCULES 16.
2005.05 ROWAN TEXAS MLT052 250 1973 45.00 Rowan Co'S Aban Loyd Chiles Cash deal, concluded e. 09.05.
2005.05 ENSCO 64 MLT053 350 1973 24.60 Ensco Blake Offshore (Eer) Ren. BLAKE CHAMPION.
2005.04 ARABDRILL 19 BMC200-H 250 1982 2.50 Insurance Company Thule Drilling Ren. THULE POWER. MODU rebuild.
2005.04 RBF 192 BMC250MS 250 1981 UNKN Todco (Transocean) Blake Offshore (Eer) Ren. BLAKE 505 - refurb. compl. 08/05.
2005.02 TOTONACA FG 780 250 1981 54.00 Protexa John Fredriksen Handed over to new owner mid 05/05.
2005.02 ZAPOTECA FG 780 300 1981 UNKN Norw. Investors Songa Drilling Re-building at Beacon Maritime, d: 05/06.
2005.02 ENERGY EXPLORER 4 JUBILEE 250 1975 40.00 Pride International Aban Drilling Cash deal. Rig working in for PEDCO in Iran
2005.02 ENSCO 106 5B BIGFT 400 2005 80.00 Keppel Fels / Ensco Ensco KFELS sold its 75 % to alliance partner ENSCO
2004.12 PARKER 25J 150-44-C 215 1980 21.50 Parker Drilling Hercules Drilling Sale concl. early 01/05. Ren. HERCULES 25.
2004.12 PRIDE WEST VIRGINIA F&G780M2 300 1982 60.00 Pride International Aban Loyd Chiles Sale concl. 13/12/04 - rig renamed ABAN 5.
2004.12 RBF 154 150-44-C 250 1979 UNKN Todco (Transocean) Aries Offshore Partners Timing uncertain.
2004.10 PRIDE ILLINOIS JU-225MS 225 1969 5.50 Pride International Blake Offshore (Eer) Illinois/Kentucky $11m en bloc, for MOPU conv
2004.10 PRIDE KENTUCKY JU-250MS 262 1974 5.50 Pride International Blake Offshore (Eer) Illinois/Kentucky $11m en bloc, for MOPU conv
2004.10 MAERSK VALIANT M300C-38 227 1981 41.60 A.P. Møller Noble Drilling Opt. fee $13.2m + exerc. price $28.4m.
2004.08 PARKER 11J JU-200MC 200 1980 EN BLC Parker Drilling Hercules Drilling Five JU's + four platf. rigs: en bloc abt $40
2004.08 PARKER 15J BM BIGFT 100 1982 EN BLC Parker Drilling Hercules Drilling Five JU's + four platf. rigs: en bloc abt $40
2004.08 PARKER 20J JU-100MC 110 1980 EN BLC Parker Drilling Hercules Drilling Five JU's + four platf. rigs: en bloc abt $40
2004.08 PARKER 22J MLT051C 173 1971 EN BLC Parker Drilling Hercules Drilling Five JU's + four platf. rigs: en bloc abt $40
2004.08 PARKER 21J P. COAST 120 1958 EN BLC Parker Drilling Hercules Drilling Five JU's + four platf. rigs: en bloc abt $40
2004.07 MAERSK VIKING M300C-38 300 1981 47.90 A.P. Møller Noble Drilling Renamed NOBLE CEES VAN DIEMEN.
2004.06 OKHI LEV111-S 300 1980 29.50 Seatankers Mgmt Noble Drilling Cash deal. Rig to be refurb./upgraded at Dal
04/2007 Page 23 of 34
2004.05 KURILSKAYA CORAL A 300 1993 33.00 Seatankers Mgmt China Oilfield Serv. To be mob'd to Dalian, China for upgrade/refu
2004.04 HAKURYU 8 MD T76J 250 1981 UNKN Japan Drilling Gulf Drilling Int'L Sold to new j.v. by one of its partners.
2004.04 OKHA LEV111-S 300 1980 EN BLC Sakhalinmor Seatankers Mgmt Part of four-rig en bloc sale.
2004.04 KURILSKAYA CORAL A 300 1993 EN BLC Sakhalinmor Seatankers Mgmt Part of four-rig en bloc sale.
2004.04 SAKHALINSKAYA GUSTO 328 1985 EN BLC Sakhalinmor Seatankers Mgmt Part of four-rig en bloc sale.
2004.04 EKHABI / AHABY MSC CJ50 300 1984 EN BLC Sakhalinmor Seatankers Mgmt Part of four-rig en bloc sale.
2004.02 ENSCO 55 FG 780M2 300 1981 * Ensco Keppel Fels * $55m, incl. pl.f.rigs E. 23/24, part newb.
2004.02 ENSCO 55 FG 780M2 300 1981 * Keppel Fels Gulf Drilling Int'L * $55m, incl. pl.f.rigs ENSCO 23 & 24 (resale
2004.01 ENSCO 102 KFELS 5A 400 2002 95.00 Keppel Fels / Ensco Ensco Keppel FELS sold its 75% to partner in j.v.
2003.07 TRIDENT 19 MOD 300C 300 1981 36.00 Noble Drilling Noble Drilling Part 4-rig deal, purch. opt. exerc. 10.07.03.
Semi 31 Units
2006.12 TRANSOCEAN WILDCAT H-3 1,300 1977 221 Energy Equipment Res. Essar Oilfield Services New owner took delivery late 12/06.
2006.11 DEEPSEA TRYM H-3 1,247 1976 238.50 Deep Sea Trym Songa Offshore Sale compl. mid 01/07. BB chtr back to selle
2006.11 DEEPSEA BERGEN H3.2 1,476 1983 53.50 Deep Sea Drilling Co. Unknown Sale of 20.187% stake, indicating rig val. $2
2006.09 MOSS MOSVOLD SS 2 CS 50 M2 10,000 2009 95.00 * Moss Mosvold Platforms Seadragon Offshore * Bare-deck hull, to be compl. as dpw MODU.
2006.08 ASTERIE PENTAGON 660 1975 15.00 Ghana Nat. Petr. Corp. Delta Offsh. Rig Logistics Sale cl. 01/07 ? All drlg equipm. removed.
2006.08 TRANSOCEAN EXPLORER H-3 5,000 1976 UNKN Energy Equipment Res. Frontier Drilling Sale concl. early 09/06. Shell USG long term
2006.06 TRANSOCEAN EXPLORER H-3 5,000 1976 103.00 Transocean Energy Equipment Res. Together with TO WILDCAT.
2006.06 TRANSOCEAN WILDCAT H-3 1,300 1977 190 Transocean Energy Equipment Res. Tog. w. TO EXPLORER. Sale closed 14/11/06.
2006.04 OCEAN PROSPECTOR VOYAGER 1,700 1971 14.20 Marineco Viking Drilling Out-of-Service. Conversion to MOPU intended.
2006.04 OCEAN CENTURY CENTURY 800 1973 14.30 Marineco Viking Drilling Out-of-Service. Planned $48+m conv. to TAss.
2006.04 PAN PRODUCER PENTAGON 1,500 1969 15.50 Marineco Viking Drilling Out-of-Service. Planned upgr. to 1,500 fsw M
2006.03 MOSS MOSVOLD SS 1 CS 50 M2 9,842 2009 UNKN Moss Mosvold Platforms Saipem Bare-deck hull under constr., compl. as MODU
2006.03 STENA DEE MISHI602 1,800 1984 270.00 Stena Drilling Songa Offshore Bareboat chtr back to sellers dur. curr. drlg
2006.01 THULE CHALLENGE SEDCO700 1,640 1977 40.00 Thule Drilling Atlantic Marine O. S. Sale price NOK 273m.
2005.10 DEEPSEA BERGEN H3.2 1,476 1983 19.60 Deep Sea Drilling Co. Songa Offshore Sale of 20.187% part owner, indicating rig va
2005.10 PRIDE PORTLAND AMETHYS2 5,577 2004 295.00 Petrodrill Pride International 70% cash/debt deal, based on 100% val. $295m.
2005.10 PRIDE RIO DE JANEIRO AMETHYS2 5,577 2004 295.00 Petrodrill Pride International 70% cash/debt deal, based on 100% val. $295m.
2005.08 GULFDRILL 7 SEDCO700 1,640 1977 17.00 Momentum Eng. Thule Drilling Sold excl. drlg eq. Retired 07/03.
2005.08 SEASCOUT BREIT 1,000 1974 10.00 Atwood Oceanics Inc. Thule Drilling Drilling eq. removed. Sale closed 05/10/05.
2005.06 OCEAN LIBERATOR H-3 7,000 1974 14.00 Diamond Offshore Fred Olsen Energy Cold stacked Cape Town. Upgrade/conv. poss.
2005.06 HAKURYU 3 MISHI500 1,000 1974 UNKN Japan Drilling Co. Jdc / Umw Sale of 50% to Malaysian j.v. partner. Ren.
2005.02 LA MURALLA ENH PSET 1,200 1990 EN BLC Ipc Songa Offshore LA MURALLA & MATA REDONDA $135-150m en bloc.
2005.02 MATA REDONDA FG PSET 1,500 1975 EN BLC Ipc Songa Offshore LA MURALLA & MATA REDONDA $135-150m en bloc.
2004.12 SEDCO 600 SEDCO600 1,500 1983 25.00 Transocean Jce Group Sale concl. 12/04-01/05. Conv. to accom. uni
2004.09 ASTERIE PENTAGON 660 1975 UNKN Ghana Nat. Petr. Corp. Scrap Yard Err. reported scrapped - but removed from com
04/2007 Page 24 of 34
2004.09 WEST ALPHA UYATZY 1,969 1986 75.00 Smedvig / Difko Smedvig Sale of 50% based on rig val. $150m.
2004.05 SEDCO 602 SEDCO600 1,500 1983 EN BLC Transocean Jce Group SEDCO 600 + 602: abt $52.7m en bloc.
2004.01 OCEAN CENTURY CENTURY 800 1973 0.375 Diamond Offshore Engicon O.CENTURY & PROSP.: $0.375m each, en bloc, n
2004.01 OCEAN PROSPECTOR VOYAGER 1,700 1971 0.375 Diamond Offshore Engicon O.CENTURY & PROSP.: $0.375m each, en bloc, n
2003.12 SEDCO 708 SEDCO700 1,640 1977 1.00 * Transocean Momentum Eng. * Sold excl. drlg eq. Ret. 07/03 - conv. to
2003.06 ODIN NEPTUNE KB-110 800 1974 1.30 Energy Equipment Res. Nabil Ship Mgmt Sold for dismantling and scrapping.
Grand Total: 106 Units
04/2007 Page 25 of 34
Recent Fixtures
Fix. Date Name Owner Design WD FT Built Contractor Start Rate Ctry Remarks
DRILLING DRILLSHIP 2 Units

30.04.07 West Capella Mosvold Drilling Saipem 10000 Enh. 10000 2008 Total 01.03.09 520000 NIG OPL 222/Usan/Ukot, 5yrs/dev. LoI.
01.03.07 Deepwater Discovery Transocean Samsung/Rbf 10000 2000 Devon Energy 01.11.08 425000 BRZ Unspec. loc., 5yrs (am. fm 3yrs at higher rate).
DRILLING JACKUPS 98 Units

15.05.07 Ensco 60 Ensco Levingston 111-C 300 1981 Taylor Energy 05.06.07 80000 USA S.Marsh Is 72/73 + Ship Shoal 230, 4w/90-115d.
10.05.07 The 153 Todco (Transocean) Bethlehem Ju-150mc 150 1980 Helix Ert 10.05.07 USA E.Cameron 169, 1w/25d.
10.05.07 Pride Georgia Pride Intern. Houston Bethlehem Ju-250ms 250 1981 Virgin Energy 10.05.07 USA High Is A-198, 1w.
09.05.07 Ensco 82 Ensco Marathon L.T. 116-C 300 1979 Energy Resources Tech. 01.06.07 95000 USA W.Cameron 215, 1w/45d ext.
03.05.07 Gsf Rig 105 Global Santa Fe Marathon L.T. 52-C 250 1975 Petrobel 16.03.07 90000 EGR Gulf of Suez, 1yr ext.
03.05.07 Gsf Constellation 1 Global Santa Fe F&G Ju-2000 400 2003 Bp 05.08.07 218000 TRI Gulf of Paria, 2yrs ext.
02.05.07 Ensco 75 Ensco Let. Super 116 Class 390 1999 Eog Resources 12.06.07 USA South Pass 56, 1w/10-14d.
01.05.07 Gsf Key Hawaii Global Santa Fe Mitsui (Modec) 300 300 1983 Maersk Oil & Gas 01.07.07 175000 QAT Unspec. loc., 2yrs.
01.05.07 Gsf High Island 1 Global Santa Fe Marathon L.T. 82-Sd-C 250 1979 Republic Petroleum 05.05.07 70000 USA High Is 115, 1w/30d.
01.05.07 Gsf Rig 127 Global Santa Fe F&G L-780 Mod 2 300 1981 Maersk Oil & Gas 01.06.07 145000 QAT Al Shaheen, 2yrs ext.
30.04.07 Gulf-2 Gulf Drilling Int'L F&G L-780 Mod 2 300 1981 Qatar Petroleum 01.04.08 120000 QAT Unspec. loc., 675d ext.
30.04.07 Pride Montana Pride International Hitachi Drill Hope 270 1980 Saudi Aramco 01.07.07 43500 SAU Unspec. loc., 1yr ext.
30.04.07 Gsf High Island 8 Global Santa Fe Marathon L.T. 82-Sd-C 250 1982 El Paso Production 01.05.07 70000 USA W.Cameron 537, 1w+opts/min.30d.
30.04.07 Gulf-1 Gulf Drilling Int'L Mitsubishi Md T76j 250 1981 Qatar Petroleum 10.06.07 120000 QAT Bul Hanine, 3yrs ext.
27.04.07 Ocean Spartan Diamond Offshore F&G L-780 300 1980 Apache 16.05.07 70000 USA Unspec. loc., 3w+opts/90d.
27.04.07 Ensco 60 Ensco Levingston 111-C 300 1981 Energy Resources Tech. 01.05.07 85000 USA S.Marsh Is 123, 1w/35d.
27.04.07 Ocean Summit Diamond Offshore Levingston 111-C 300 1972 El Paso Production 06.05.07 80000 USA Main Pass 277, 1w/30d.
27.04.07 Ensco 87 Ensco Marathon L.T. 116-C 350 1982 Apache 20.06.07 90000 USA Eugene Is 296/306, 2w/80d ext.
27.04.07 Ocean Summit Diamond Offshore Levingston 111-C 300 1972 Hunt Oil 07.06.07 78000 USA Eugene Is 312, 3w/120d.
27.04.07 Ensco 81 Ensco Marathon L.T. 116-C 350 1979 Bois D'Arc 01.06.07 95000 USA S.Timbalier 81, 1w/90-120d.
26.04.07 The 150 Todco (Transocean) Marathon L.T. 150-44-C 150 1979 Hilcorp Energy 05.05.07 USA West Delta 27, 1w/30d.
26.04.07 Noble Ronald Hoope Noble Drilling Msc Cj46 230 1982 Gaz De France 01.01.08 205000 NTH UK/Dutch/German sectors, 6mos ext.
25.04.07 Rowan Anchorage Rowan Co'S Marathon L.T. 52 250 1972 Helix Ert 01.05.07 USA E.Cameron 106, 1w ext.
24.04.07 Ensco 81 Ensco Marathon L.T. 116-C 350 1979 Tarpon Operating 28.04.07 105000 USA W.Delta 112, 1w/34d.
24.04.07 Dolphin 106 Nabors Offshore Dolphin Titan Ii 100 1982 Chevron 25.04.07 USA Main Pass 41, 1w/wo.
24.04.07 Pride Michigan Pride International Bethlehem Ju-250ms 250 1975 Badger Oil 09.05.07 USA High Is A-264, 1+1w.
04/2007 Page 26 of 34
24.04.07 The 251 Todco (Transocean) Bethlehem Ju-250ms 250 1978 Callon Petroleum 24.04.07 USA E.Cameron 2, 1w/30d/turnkey.
23.04.07 Arabdrill 17 Arabian Drilling Co. Marathon L.T. 82-Sd-C 250 1981 Saudi Aramco 26.05.07 57000 SAU Khafji, 1yr ext.
23.04.07 West Titania Seadrill F&G L-780 250 1981 Candax Energy 10.06.07 150000 TUN El Bibane re-dev., 3w/abt 120d.
20.04.07 Noble Earl Fredrickson Noble Drilling Intl. Marathon L.T. 82 Sdc 250 1979 Pemex 01.05.07 150000 MEX Bay of Campeche, 1yr.
20.04.07 Pride Mississippi Pride International Bethlehem Ju-200mc 200 1981 Pemex 01.09.07 97500 MEX Bay of Campeche, 365d.
20.04.07 Noble Piet Van Ede Noble Drilling Msc Cj46 230 1981 Gaz De France 01.01.08 205000 NTH UK/Dutch/German sectors, 6mos ext.
19.04.07 Pride Colorado Pride International Bethlehem Ju-200mc 200 1982 Pemex 01.09.07 97500 MEX Bay of Campeche, 365d.
19.04.07 Pride Alabama Pride International Bethlehem Ju-200mc 200 1982 Pemex 01.06.07 97500 MEX Bay of Campeche, 365d.
18.04.07 Ensco 101 Ensco Kfels Mod.V A 400 2000 Maersk Oil & Gas 01.10.07 270000 GBI Unspec. loc., part 4-5mos.
18.04.07 Ensco 101 Ensco Kfels Mod.V A 400 2000 Maersk Oil & Gas 01.09.07 255000 GBI Unspec. loc., part 4-5mos.
16.04.07 Ensco 85 Ensco Marathon L.T. 116-C 300 1981 Unnamed Operator 01.07.07 195000 GBI Unspec. loc., 60d.
15.04.07 Ensco 82 Ensco Marathon L.T. 116-C 300 1979 Energy Resources Tech. 14.04.07 95000 USA Ship Shoal 250, 1w/orig.21d/wo.
15.04.07 Ocean Titan Diamond Offshore Marathon L.T. 53 350 1974 Apache 01.05.07 80000 USA Grand Is 48 ? 1w ext.
11.04.07 West Larissa Seadrill Msc Cj50 300 1984 Vietsovpetro 01.01.08 183000 VNM Bach Ho (White Tiger) ? 6w/360d.
09.04.07 Ensco 68 Ensco Marathon L.T. 84-Ce 400 1976 Coldren O&G 01.05.07 140000 USA High Is A-550, 2w/60-70d.
09.04.07 Deep Driller 1 Sinvest Baker Mar. Pacific 375 375 2006 Gujarat State Petr. Co. 07.05.07 193000 IND Krishna Godavari B'n/KG-OSN-2001/3, 2yrs, +2x6mos.
05.04.07 Gsf High Island 5 Global Santa Fe Marathon L.T. 82-Sd-C 270 1981 Total 20.05.07 150000 GAB Unspec. loc., 13mos comm.
02.04.07 Ensco 99 Ensco Marathon L.T. 82-Sd-C 250 1985 Taylor Energy 08.04.07 95000 USA Eugene Is 191/210, 80d.
02.04.07 The 202 Todco (Transocean) Bethlehem Ju-200mc 200 1982 Medco Energi 17.04.07 80000 USA Unspec. loc., 2w/48d.
01.04.07 Ocean Spartan Diamond Offshore F&G L-780 300 1980 Hunt Oil 05.04.07 70000 USA S.Marsh Is 44, 1w/orig.30d.
30.03.07 Pride Mississippi Pride International Bethlehem Ju-200mc 200 1981 Merit Energy 04.04.07 75000 USA Matagorda Is 651, 1w.
30.03.07 Hercules 22 Hercules Drilling Marathon L.T. 51-C 173 1971 Chevron 01.04.07 68000 USA Unspec. loc., 6mos ext.
30.03.07 Hercules 21 Hercules Drilling Pacific Coast Engin. 120 1958 Chevron 01.04.07 68000 USA Unspec. loc., 6mos ext.
29.03.07 Rowan Anchorage Rowan Co'S Marathon L.T. 52 250 1972 Helix Ert 01.04.07 65000 USA W.Cameron 170, 1w ext.
28.03.07 Ensco 93 Ensco Marathon L.T. 82-Sd-C 250 1982 Bois D'Arc 01.04.07 80000 USA S.Pelto 7, 90d.
28.03.07 Ensco 75 Ensco Let. Super 116 Class 390 1999 Eni 08.05.07 185000 USA Grand Is 102, 1w/30-60d.
27.03.07 Rowan Gorilla 2 Rowan Co'S Marathon L.T. Gorilla 450 1984 Devon Energy 01.06.07 175000 USA Unspec. loc., 300d.
26.03.07 The 185 Todco (Transocean) Donhaiser Mar. Dmi 150 120 1982 Angola Drilling Co. 20.08.07 125000 ALA Morsa West, 1yr ext., +1yr opt.
23.03.07 West Janus Seadrill Ihc Gusto 328 1985 Petrofac 20.01.08 184000 MAL Unspec. loc., 150d (part 1yr).
23.03.07 West Janus Seadrill Ihc Gusto 328 1985 Pcpp Joc 14.06.07 184000 MAL S'wak/SK305, 3-6w/210d/exp/app/33'-165' (part 1yr).
23.03.07 Ocean Titan Diamond Offshore Marathon L.T. 53 350 1974 Apache 01.04.07 75000 USA Grand Is 48, 2w/re-cpl+2w/s.tr., total 30d.
22.03.07 Cecil Provine Rowan Co'S Marathon L.T. 116-C 300 1982 Apache 01.04.07 100000 USA Vermilion 265, 90d ext.
20.03.07 Ocean Heritage Diamond Offshore F&G L-780 300 1981 Qpd 01.07.07 175000 QAT Unspec. loc., 2w+1w/wo, 150d.
20.03.07 Pride Florida Pride Intern. Houston Bethlehem Ju-200mc 200 1981 Stone Energy 01.04.07 70000 USA E.Cameron 45, 1w/30d.
15.03.07 Ensco 51 Ensco F&G L-780 Mod 2 300 1982 Pearl Oil Thailand 01.03.08 186000 THA Gulf of Thailand/Jasmine D+Banyen platf., 17w/exp+24w/dev, 1yr. LoI.
15.03.07 The 207 Todco (Transocean) Bethlehem Ju-200mc 200 1981 Medco Energi 16.03.07 70000 USA Brazos 437 (1w)/435 (2w), 3w/abt 90d.
15.03.07 Rowan Louisiana Rowan Co'S Marathon L.T. 84 350 1975 Helix Ert 01.05.07 105000 USA Unspec. loc., 1w ext.
04/2007 Page 27 of 34
15.03.07 Blake 303 Blake Offshore (Eer) Bethlehem Ju-250ms 262 1974 Devon Energy 17.03.07 USA W.Cameron 575, 4-5wks.
14.03.07 Ensco 90 Ensco Marathon L.T. 82-Sd-C 250 1982 Apache 01.04.07 80000 USA Ship Shoal 205 ? 90d ext.
14.03.07 Rowan Alaska Rowan Co'S Marathon L.T. 84 350 1975 Devon Energy 01.04.07 125000 USA Unspec. loc., 1w/60d, ext.
14.03.07 Ensco 87 Ensco Marathon L.T. 116-C 350 1982 Apache 01.04.07 90000 USA W.Delta 70, 2w/90d.
14.03.07 Pride New Mexico Pride International Bethlehem Ju-200mc 200 1982 Anglo-Suisse 01.07.07 82500 USA West Delta area, 6w/abt 9-10mos.
14.03.07 Gsf Adriatic 03 Global Santa Fe Marathon L.T. 116-C 350 1982 W.G. Helis 20.03.07 120000 USA Eugene Is 351, 1w/orig.35d.
13.03.07 Rowan Juneau Rowan Co'S Marathon L.T. 116-S 300 1977 Newfield Exploration 01.04.07 65000 USA W.Cameron 96, 1w.
09.03.07 The 208 Todco (Transocean) Bethlehem Ju-200mc 200 1980 Murphy 01.01.08 110000 MAL Sarawak, 3yrs.
06.03.07 Ensco 68 Ensco Marathon L.T. 84-Ce 400 1976 Hunt Oil 08.03.07 150000 USA S.Timbalier 273: 1w/35-45d.
05.03.07 Ben Avon Kca Deutag Drilling Marathon L.T. 82-Sd-C 250 1980 Cnr International 01.04.08 160000 GAB Olowi, 3yrs.
05.03.07 Ben Avon Kca Deutag Drilling Marathon L.T. 82-Sd-C 250 1980 Unnamed Operator 01.05.07 160000 GAB Unspec. loc., 10-12mos ? LoI.
02.03.07 Rowan Juneau Rowan Co'S Marathon L.T. 116-S 300 1977 Apache 12.03.07 65000 USA W.Cameron 33, 1w/18d.
02.03.07 The 201 Todco (Transocean) Bethlehem Ju-200mc 200 1981 Royal Production 07.03.07 75000 USA Mobile 994, 2w.
01.03.07 Noble Gus Androes Noble Drilling Levingston 111-C 300 1982 Total 01.10.07 UAE Abu Dhabi/Abu al Bu Koosh, 6mos ext.
01.03.07 Noble Kenneth Delaney Noble Drilling F&G L-780 Mod 2 300 1982 Qatargas 01.08.08 195000 UAE Qatargas 3 & 4, 250-310d ext.
01.03.07 The 152 Todco (Transocean) Bethlehem Ju-150mc 150 1980 Hunt Oil 04.03.07 70000 USA Unspec. loc., 1w ext.
01.03.07 Trident 16 Transocean Modec 300c 300 1982 Petronas Carigali 01.10.07 VNM Vietnam/Malaysia, 42mos.
28.02.07 The 203 Todco (Transocean) Bethlehem Ju-200mc 200 1981 Energy Xxi 01.04.07 70000 USA Unspec. loc., 3mos ext.
26.02.07 Noble Dick Favor Noble Drilling Intl. Baker Marine Corp 150 150 1982 Qatargas 14.07.07 160000 QAT Qatargas 3 & 4, abt 5.5mos ext.
25.02.07 Ocean Summit Diamond Offshore Levingston 111-C 300 1972 Apache 01.03.07 80000 USA Main Pass 275, 1w/orig.25d/s.tr.
25.02.07 Noble Lynda Bossler Noble Drilling Msc Cj46 230 1982 Wintershall 01.01.08 220000 NTH Unspec. loc., 6mos ext. LoI.
25.02.07 Ocean Champion Diamond Offshore Bethlehem Ju-250ms 250 1975 Apache 01.03.07 70000 USA Unspec. loc., 1w.
25.02.07 Noble George Sauvageau Noble Drilling Neddrill 4-Leg 295 1981 Wintershall 01.01.08 225000 NTH Unspec. loc., 1yr. LoI.
25.02.07 The 204 Todco (Transocean) Bethlehem Ju-200mc 200 1981 Apache 07.03.07 75000 USA Unspec. loc., 1w/30d.
22.02.07 Noble Gus Androes Noble Drilling Levingston 111-C 300 1982 Total 04.04.07 75000 UAE Abu Dhabi/Abu al Bu Koosh, 6mos ext.
20.02.07 Hercules 20 Hercules Drilling Bethlehem Ju-100mc 110 1980 Energy Xxi 25.02.07 69500 USA Unspec. loc., abt 1mo ext.
16.02.07 West Triton Seadrill Baker Mar. Pacific 375 375 2007 Austr. Drilling Assoc. 10.01.08 274000 AST NW Australia, 7w/310d (incl. mob/demob).
15.02.07 Al Khor Gulf Drilling Int'L Kfels Mod.V B 300 2006 Qatargas 14.04.07 90000 QAT Unspec. loc., 810d.
14.02.07 Ocean Spartan Diamond Offshore F&G L-780 300 1980 Energy Partners 25.02.07 65000 USA W.Cameron 98, 1w/10-14d.
14.02.07 The 205 Todco (Transocean) Bethlehem Ju-200mc 200 1979 Petroleos Mexicanos 25.10.07 135000 MEX Bay of Campeche, 730d.
14.02.07 Sonora Perforadora Mexico Marathon L.T. 82-Sd-C 250 1979 Petroleos Mexicanos 01.09.07 139000 MEX Bay of Campeche, 730d.
14.02.07 Grijalva Marad Bethlehem 200 Mc 200 1980 Petroleos Mexicanos 14.02.08 115000 MEX Bay of Campeche, 1,095d.
08.02.07 Gsf Galaxy 3 Global Santa Fe Kfels Mod.Vi Universe 400 1999 Nexen Petroleum 01.07.08 104000 GBI 20/6a Buzzard ? 6mos, +opts.
30.01.07 Pride Utah Pride International Bethlehem Ju-45ms 80 1978 East Cameron Partners 01.03.07 55000 USA E.Cameron area, 2+4w/<180d.
17.01.07 Ensco 54 Ensco F&G L-780 Mod 2 300 1982 Unnamed Operator 14.05.08 175000 QAT Unspec. loc., 500d.
DRILLING SEMIS 23 Units
04/2007 Page 28 of 34
14.05.07 Borgny Dolphin Fred Olsen Energy Aker H-3 1750 1977 Petrobras 01.02.08 233000 BRZ Unspec. loc., 5yrs.
02.05.07 Sedco Express Transocean Sedco Fx Xpress 2000 7500 2001 Bp 20.07.08 169500 ALA Blk 18/Greater Plutonio, 1yr ext., +1yr opt.
01.05.07 Transocean Legend Wilrig Bingo 4000 3500 1983 Bp 01.02.08 405000 RUE Sakhalin, 1yr.
30.04.07 Transocean John Shaw Transocean Sedco Forex Paris Enhanced Pacesetter 1800 1982 Total 01.11.07 380000 GBI Nuggets/1w/s.tr. or Jura East/1w, 100d.
26.04.07 Atwood Eagle Atwood Oceanics Korkut New Era Enh. 5000 1982 Bhp Petroleum 01.11.07 170000 AST Stybarrow, 3w/3mos ext.
26.04.07 Ocean Saratoga Diamond Offshore Zapata Ss 2000 2200 1976 Llog 01.11.07 300000 USA GreenCan area, 6mos ext.
26.04.07 Ocean Yorktown Diamond Offshore Zapata Ss-2000 2850 1976 Petrobras 01.01.08 234000 BRZ Unspec. loc., 5yrs.
26.04.07 Ocean Whittington Diamond Offshore Aker H3 1500 1974 Petrobras 10.07.07 224000 BRZ Unspec. loc., 5yrs.
24.04.07 Songa Venus Songa Offshore F&G Pacesetter 1500 1975 Eni 01.11.07 225000 AST Browse Basin ? 6mos ext., +1x6mos opt.
15.04.07 Sedco 601 Transocean E&W Sedco 600 1500 1983 Nippon Oil 05.05.07 330000 MAL S'wak/Helang, 1w/54d/app.
13.04.07 Deepsea Atlantic Odfjell Invest Gva 7500 Enhanced 10000 2008 Statoil 01.02.09 500000 NOR Gullfaks, 4yrs(or 5yrs)/dev/exp, +2x2yrs opts.
29.03.07 Wilpromotor Offrig Drilling Global Maritime 4000-D 2500 2009 Hydro 01.07.10 375000 NOR Troll, 5yrs (may be incr. to 8yrs).
29.03.07 Wilinnovator Offrig Drilling Global Maritime 4000 2500 2008 Hydro 01.07.09 375000 NOR Troll, 5yrs (may be incr. to 8yrs).
19.03.07 Ocean Guardian D.M. Odeco Sedco 700 Type 1500 1985 Shell 16.04.08 350000 GBI Unspec. loc., 1yr ext.
13.03.07 Noble Jim Day Noble Drilling Bingo 9000 12000 2009 Marathon 01.03.10 515000 USA USG, 2yrs, +2yrs opt. LoI.
07.03.07 Sedco Energy Transocean Sedco Fx Xpress 2000 7500 2001 Unnamed Operator 01.03.08 485000 NIG Unspec. loc., 3yrs.
06.03.07 Pride South Atlantic Petrodrill F&G Enh. Pacesetter 1500 1982 Petrobras 01.07.08 220500 BRZ Campos Basin, 5yrs.
05.03.07 Petrolia Petrolia Drilling Pentagone 1200 1976 Petroleos Mexicanos 25.11.07 287000 MEX Bay of Campeche, 913d.
23.02.07 Transocean John Shaw Transocean Sedco Forex Paris Enhanced Pacesetter 1800 1982 Nexen Petroleum 01.07.07 100500 GBI Unspec. loc., 90d ext.
31.01.07 Delba Ss 1 Delba Perforadora Gusto-Msc Tds2500 7874 2010 Petrobras 01.07.10 BRZ Unspec. loc., 7yrs.
30.01.07 Pride South Seas Pride Forasol Aker H3 1000 1977 Petro Sa 01.02.08 285000 SAF Unspec. loc., 8w/abt 500d.
23.01.07 Ocean Confidence Diamond Offshore Aker H-3.2e 7500 1987 Murphy 05.01.08 500000 USA Unspec. loc., 4yrs. LoI.
17.01.07 West Hercules Seadrill Gva 7500-N 9842 2008 Husky Oil 01.06.08 525000 CHR CCS, 3yrs.
Grand Total: 123 Units
04/2007 Page 29 of 34
FLOATERS - DEMAND/SUPPLY/UTILISATION
DRILLSHIPS SEMISUBMERSIBLES FLOATERS Other Passive Total Supply

CM + DP 1. + 2. gen. 3. gen. 4. + 5. gen. All generations Active - All categories Modes Fleet
Region
D S D S D S D S D S D S U S U
U.K. 0 0 8 8 9 9 2 2 19 19 19 19 100 % 1 0 20 100 %

Norway 1 1 4 4 6 6 7 7 17 17 18 18 100 % 0 0 18 100 %
Denmark 0 0 0 0 0 0 0 0 0 0 0 0 0 % 0 0 0 0 %
Holland 0 0 0 0 0 0 0 0 0 0 0 0 0 % 0 0 0 0 %
Others 0 0 0 0 2 2 2 2 4 4 4 4 100 % 0 0 4 100 %
North Atlantic 1 1 12 12 17 17 11 11 40 40 41 41 100 % 1 0 42 100 %
U.S. Gulf 6 6 14 14 1 1 11 11 26 26 32 32 100 % 0 5 37 86 %

Mexico 0 0 4 4 1 1 0 0 5 5 5 5 100 % 0 0 5 100 %
Others 0 0 0 0 1 1 0 0 1 1 1 1 100 % 0 0 1 100 %
Gulf of Mexico / Carib 6 6 18 18 3 3 11 11 32 32 38 38 100 % 0 5 43 88 %
South America 7 7 10 10 5 5 6 6 21 21 28 28 100 % 0 0 28 100 %
West and South Africa 7 7 8 9 5 5 5 5 18 19 25 26 96 % 0 4 30 83 %
South East Asia 2 2 3 3 3 3 0 0 6 6 8 8 100 % 0 6 14 57 %

Australia/Asia 0 0 5 5 3 3 0 0 8 8 8 8 100 % 0 0 8 100 %
China 0 0 0 0 1 1 0 0 1 1 1 1 100 % 0 2 3 33 %
Others 0 0 0 0 0 0 0 0 0 0 0 0 0 % 0 0 0 0 %
Pacific Rim 2 2 8 8 7 7 0 0 15 15 17 17 100 % 0 8 25 68 %
India 5 5 2 2 1 1 0 0 3 3 8 8 100 % 0 1 9 89 %
M.East / East Afr. 1 1 0 0 0 0 0 0 0 0 1 1 100 % 0 0 1 100 %
Med./N.Afr./Blk S 1 1 4 4 2 2 1 1 7 7 8 8 100 % 0 0 8 100 %
Rest of the World 7 7 6 6 3 3 1 1 10 10 17 17 100 % 0 1 18 94 %
World Total 30 30 62 63 40 40 34 34 136 137 166 167 99 % 1 18 186 90 %
Empl. Other Modes 0 0 1 1 0 0 0 0 1 1 Added :

Passive Fleet - 4 - 9 - 4 - 1 - 14
Total 30 34 63 73 40 44 34 35 137 152 Deleted :

Utilisation (incl. OM) 88 % 86 % 91% 97 % 90 %
ABBR. : CM = Conv. Moor. , DP = Dyn. Pos. , D = Demand , S = Supply , U = Utilis. , OM = Other Modes .
04/2007 Page 30 of 34
JACK-UPS - DEMAND/SUPPLY/UTILISATION
0 - 249 ft(1) 250 - 300 ft(2) Premium(P) Ultra Premium(PU) Harsh Env.(H) Active - All Categories
Other Passive Total Supply
Region Modes Fleet
D S D S D S D S D S D S U S U
U.K. 1 1 0 0 3 3 0 0 12 12 16 16 100 % 0 0 16 100 %

Norway 0 0 0 0 0 0 0 0 5 5 5 5 100 % 0 1 6 83 %
Denmark 0 0 0 0 0 0 0 0 8 8 8 8 100 % 0 0 8 100 %
Holland 0 0 0 0 0 0 0 0 5 5 5 5 100 % 0 0 5 100 %
Others 1 1 0 0 1 1 0 0 0 0 2 2 100 % 0 0 2 100 %
North Atlantic 2 2 0 0 4 4 0 0 30 30 36 36 100 % 0 1 37 97 %
U.S. Gulf 14 21 21 24 8 8 10 10 2 2 55 65 85 % 0 22 87 63 %
Mexico 9 9 5 5 10 10 4 4 0 0 28 28 100 % 0 1 29 97 %
Others 5 5 0 0 0 0 2 2 2 2 9 9 100 % 0 0 9 100 %
Gulf of Mexico / Carib 28 35 26 29 18 18 16 16 4 4 92 102 90 % 0 23 125 74 %
South America 3 3 3 3 0 0 0 0 0 0 6 6 100 % 0 0 6 100 %
West and South Africa 3 3 5 6 10 10 3 3 2 2 23 24 96 % 0 3 27 85 %
South East Asia 1 1 0 0 22 23 7 7 3 3 33 34 97 % 0 2 36 92 %

Australia/Asia 0 0 0 0 1 1 2 2 0 0 3 3 100 % 0 0 3 100 %
China 9 9 3 3 4 4 1 1 0 0 17 17 100 % 0 0 17 100 %
Others 0 0 0 0 0 0 0 0 0 0 0 0 0 % 0 0 0 0 %
Pacific Rim 10 10 3 3 27 28 10 10 3 3 53 54 98 % 0 2 56 95 %
India 0 0 3 3 21 21 2 2 1 1 27 27 100 % 0 5 32 84 %
M.East / East Afr. 22 22 26 27 27 29 7 7 0 0 82 85 96 % 0 4 89 92 %
Med./N.Afr./Blk S 1 1 1 1 7 7 4 4 1 1 14 14 100 % 0 2 16 88 %
Rest of the World 23 23 30 31 55 57 13 13 2 2 123 126 98 % 0 11 137 90 %
World Total 69 76 67 72 114 117 42 42 41 41 333 348 96 % 0 40 388 86 %
Empl. Other Modes 0 0 0 0 0 0 0 0 0 0 Added :

Passive Fleet - 15 - 11 - 6 - 4 - 4
Total 69 91 67 83 114 123 42 46 41 45 Deleted :

Utilisation (incl. OM) 76 % 81 % 93 % 91 % 91 %
ABBR. : CM = Conv. Moor. , DP = Dyn. Pos. , D = Demand , S = Supply , U = Utilis. , OM = Other Modes .
04/2007 Page 31 of 34
Rig World Activity - Historic Quarterly Summary
Floaters Jack-ups
APR 2 yrs ago 1 yr ago 2 yrs ago 1 yr ago
Based on Active Supply APR APR JUL OCT JAN APR APR APR JUL OCT JAN APR
D 152 160 160 165 168 166 332 333 343 343 332 333
S 161 161 160 165 168 167 335 335 346 347 340 348
WORLD TOTAL
U 94 % 99 % 100 % 100 % 100 % 99 % 99 % 99 % 99 % 99 % 98 % 96 %
O/P 33 29 25 20 18 19 42 38 31 35 47 40
D 34 40 39 42 41 41 32 34 34 35 34 36
S 34 40 39 42 41 41 32 34 34 35 34 36
North Atlantic U 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 %
O/P 10 5 6 3 3 1 3 2 2 1 3 1
D 40 43 43 39 38 38 125 104 109 103 101 92

S 43 44 43 39 38 38 127 106 112 107 105 102
Gulf of Mexico U 93 % 98 % 100 % 100 % 100 % 100 % 98 % 98 % 97 % 96 % 96 % 90 %
O/P 9 6 3 4 4 5 23 30 23 28 24 23
D 26 29 26 26 27 28 5 5 5 6 6 6
S 28 29 26 26 27 28 6 5 5 6 6 6
South America U 93 % 100 % 100 % 100 % 100 % 100 % 83 % 100 % 100 % 100 % 100 % 100 %
O/P 2 1 3 4 1 0 0 0 0 0 0 0
D 19 20 22 25 27 25 19 22 23 26 25 23
S 22 20 22 25 27 26 19 22 23 26 25 24
West & South Africa
U 86 % 100 % 100 % 100 % 100 % 96 % 100 % 100 % 100 % 100 % 100 % 96 %
O/P 3 2 2 1 1,00 4 0,00 1 1 0 1 3
D 20 17 19 19 20 17 43 50 53 53 49 53
S 20 17 19 19 20 17 43 50 53 53 51 54
Pacific Rim
U 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 96 % 98 %
O/P 8 11 6 6 7 8 6 3 2,00 1,00 3 2
D 13 11 11 14 15 17 108 118 119 120 117 123

S 14 11 11 14 15 17 108 118 119 120 119 126
Rest of the World U 93 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 100 % 98 % 98 %
O/P 1 4 5 2 2 1 10 2 3 5 16 11
04/2007 Page 32 of 34
DEFINITIONS
MOBILE OFFSHORE DRILLING RIGS and MARKET GEOGRAPHICAL REGIONS

SEMIS - Divided into five generations determined by year of delivery: Regions and sub-areas are defined as follows.
1.gen.: up to 1973 2.gen.: 1973-1981 3.gen.: 1982-1985
4.gen.: 1986 -1996 5.gen.: 1997 onwards REGION SUB-AREA REMARKS
SEMI - HIGH SPEC. - 4. and 5. generation units North Atlantic U.K.

SEMI - STANDARD - 1., 2. and 3. generation units Denmark
Holland
DRILLSHIPS - Two main types; Others Incl. East Coast Canada/US, Russian West/North
Conventionally Moored (CM) and Dynamically Positioned (DP) Coast, Ireland, Faroes, Germany (also Baltic part),
FLOATERS - Comprising semis and drillships Poland, France West Coast, Portugal, and Spain North
and West (outside Straits of Gi braltar)
DEEPWATER RIGS - Units capable of dri lling in water depths of 3.000 ft or more Norway
JACK-UPS - Divided into four groups: Gulf of Mexico/ Caribbean U.S. Gulf
200 ft 0 - 200 ft Mexico
300 ft 201 - 300 ft Others East Coast Central America, North Coast Colombia,
Premium 300+ ft designed to operate in benign environments Venezuela, Trinidad, Tobago, and rest of Caribbean
Harsh Units designed for working in harsh environments, body of water
such as Norway and EC Canada
Pacific Rim South East Asia Myanmar (Burma), Bangladesh, Indonesia , Malaysia,
Jack up - standard - - 200ft. Singapore, Thailand, Cambodia, Vietnam, Philippines
Jack up - high spec. - 300 ft +, Premium, Harsh Australasia Australia, New Zealand, Papua New Guinea
COMPETITIVE RIGS - Units working in "non -competitive areas" (see col. 2), and units regarded as China
technically non -competitive (design, equipment, etc.), are excluded from our Others Taiwan, North &South Korea, Japan, East Coast
fleet. Russia, West Coast Canada (Beaufort Sea), Alaska and US
West Coast
D - Demand - competitive mobile drilling rigs on contract, basically drilling West & South Africa
exploration, appraisal or development wells
S - Active Supply - all competitive mobile drilling rigs of the t ypes
semisubmersible, drillship and jack -up, actively marketed South America Brazil, excluding Venezuela and North Coast Colombia
U - Active Utilization - Demand/Active Supply Argentina
OTHER MODES - Competitive mobile drilling rigs temporarily working with non -drilling Rest of the World India, Middle East, Incl. Pakistan and the Seychelles
duties, accommodation, production, tender assist, etc. East & North Africa
Black Sea ,
PASSIVE FLEET - Units cold stacked for shorter or longer period, and rigs in yard, or enroute
Mediterranean Bordered to the west by the Stra its of Gibraltar
from one body of water to another
"Non-Competitive Areas" Great Lakes Confined area
DAY RATE - Operating Day Rate
Caspian Sea Confined area
04/2007 Page 33 of 34
R .S . P la to u O ffs h o re a s _ O ffic e s a n d k e y p e rs o n n e l
V isit also o u r w eb site: h ttp://w w w .p lato u.com
R .S . P la to u O ffs h o re a s
H a a k o n V II’s g a te 1 0
P .O .B o x 1 6 0 4-V ik a
N -0 1 1 9 O s lo – N o rw ay R .S . P la to u (AS IA) P te . L td .
R .S . P la to u (U S A) In c . P h o ne : + 4 7 2 3 1 1 2 0 0 0 T e m a s e k A ve n u e , H e x 1 8-0 3
3 6 3 N . S a m H o us to n P a rk w a y E . F a x: +47 23112388 M ajor M ille nia T o w e r
S uite 1 2 5 100% E m a il: o ffs ho re @ p la to u .c o m shareholder 0 3 9 1 9 2 S in g a p o re
H o u s to n , T e x a s 77 06 0 O w ned
(75% ) P h o ne : + 6 5 6 3 3 6 8 7 3 3
P h o ne : + 0 0 1 2 8 1 2 6 0 9 9 8 0
F a x: +65 63368890
F a x: +001 281 260 9981
E m a il: p ro je c ts @ p la to u .c o m .s g
E m a il: o ffs ho re @ p la to u u s a .c o m
P e rs o n n e l
M o b ile D rilling & P ro d uctio n U n its/ M o b ile D rilling & S up p ly V e sse ls M o b ile D rilling & P ro d uctio n U n its/
S up p ly V e sse ls P ro d uctio n U n its S up p ly V e sse ls
H a ns F re d rik C hriste nse n M a ria n ne Aa m o d t C hristia n B a rtz-Jo ha n ne sse n
Jim M itc he n G utto rm B e ntse n
E rik H e lse th O le F o sse R o b e rt H e n le y
P e r B e rg sto l K je ll F a ra a se n
L a rs Jo ha n M id d e ltho n Arne R usta d Jim m ie W e e K e a t M e ng
F re d rik M a ck E rik Arth ur
Ta lla k S tra nd e næ s To r Ø yvind B jø rk li
B o b D o n le y M a g ne S p illum
C hristia n B rug å rd R o lf A lm é
U lrik O E ng e lsc h iø n
K a rine S a nd sb rå te n R ita B o lling e r
Ø yste in L e ive sta d
G ry R usd a l
G le n n G a b rie lse n
Å g e R ø e d N ilse n
M a rk e t s e g m e n ts : M o b ile O ffs h o re U nits (m o d u, m o p u, co nst./ a cco m m o d a tio n, te nd e r, s up p o rt) & S u p p ly V e s s e ls (p sv, a ht, s up p ly)
B u s in e s s A c tiv itie s : S a le & P urc ha s e , N e w b uild in g s , C ha rte ring , C o ns u lta n c y , M a rk e t R e s e a rc h a n d P ro je c ts
04/2007 Page 34 of 34

OFFSHORE RIG MARKET STATUS REPORT: MAY 2007 GLOBAL OUTLOOK

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OFFSHORE RIG MARKET STATUS REPORT: MAY 2007 GLOBAL OUTLOOK

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OFFSHORE RIG MARKET STATUS REPORT

World-wide Activity Page 3

Floaters Jackups Other Passive Total

Activity Summary Summary

South America 28 28 28 100 6 6 6 100 34 34 34 100

West & S. Africa 30 25 26 96 27 23 24 96 57 48 50 96

Pacific Rim 25 17 17 100 56 53 54 98 81 70 71 99

Oil Price - Brent Blend 2

Current 42 41 41 100 37 36 36 100 1 1 79 77 77 100

24 Floaters Jackups Other Passive Total

20 Current 18 18 18 100 6 5 5 100 0 1 24 23 23 100

Semi High Spec Semi Standard

Floaters Jackups Other Passive Total

Current 28 28 28 100 6 6 6 100 0 0 34 34 34 100

160 Previous 42 38 38 100 127 95 106 90 0 25 169 133 144 92

80 Dayrates ($1000 /day)

Floaters Jackups Other Passive Total

20 Dayrates ($1000 /day)

Floaters Jackups Other Passive Total

20 Current Month 6 Months Ago 1 Year Ago 2 Years Ago

140 Floaters Jackups Other Passive Total

60 Dayrates ($1000/day) - (Fl

40 Current Month 6 Months Ago 1 Year Ago 2 Years Ago

India 8 8 100% 27 27 100% 35 35 100%

M.East/E.Afr. 1 1 100% 82 85 96% 83 86 97%

Med./N.Afr./Blk S 8 8 100% 14 14 100% 22 22 100%

Drillships Other Passive Semis Total

Gulf of Mexico 6 6 100% 18 18 100% 24 24 100%

South America 5 5 100% 7 7 100% 12 12 100%

West and South Africa 5 5 100% 9 9 100% 14 14 100%

Rest of the World 4 4 100% 8 8 100% 12 12 100%

World Total 20 20 100% 42 42 100% 62 62 100%

Newbuildings and Attrition

Age Profile - Current Fleet

Drillship - DP 630 630 580 410

Total Newbuildings 118 Units

Total Newbuildings 16 Units

Lukoil SHELF 07 F&G ENH. PACESETTER 984 3 Astrakhan Shipyard 30.06.2008

Highlights - Sale and purchase activity.

Secondhand Values Current 6 Months 1 Year 2 Years

Jackup 200 FT JU 50-80 40-80 35-60 20-30

300 FT JU 130-200 130-200 120-175 70-80

HARSH 200-250 170-220 150-210 90-110

HARSH ULTRA 300-350 240-270 200-250 140-170

Semi 2ND GEN 200-260 180-240 120-180 35-65

3RD GEN 280-350 220-300 180-250 110-150

4TH GEN 350-450 320-400 270-320 160-210

Grand Total: 106 Units

DRILLING DRILLSHIP 2 Units

DRILLING JACKUPS 98 Units

DRILLING SEMIS 23 Units

Grand Total: 123 Units

DRILLSHIPS SEMISUBMERSIBLES FLOATERS Other Passive Total Supply

U.K. 0 0 8 8 9 9 2 2 19 19 19 19 100 % 1 0 20 100 %

North Atlantic 1 1 12 12 17 17 11 11 40 40 41 41 100 % 1 0 42 100 %

U.S. Gulf 6 6 14 14 1 1 11 11 26 26 32 32 100 % 0 5 37 86 %

Gulf of Mexico / Carib 6 6 18 18 3 3 11 11 32 32 38 38 100 % 0 5 43 88 %

South America 7 7 10 10 5 5 6 6 21 21 28 28 100 % 0 0 28 100 %

West and South Africa 7 7 8 9 5 5 5 5 18 19 25 26 96 % 0 4 30 83 %

South East Asia 2 2 3 3 3 3 0 0 6 6 8 8 100 % 0 6 14 57 %

Pacific Rim 2 2 8 8 7 7 0 0 15 15 17 17 100 % 0 8 25 68 %

Rest of the World 7 7 6 6 3 3 1 1 10 10 17 17 100 % 0 1 18 94 %