Table of Contents
PPT Slide
Disclosure Statement
Presentation Topics
Largest Fleet of Mobile Offshore Drilling Units
Largest Deepwater Drilling Fleet
Most Geographically Diversified Offshore Drilling Fleet
Diversity Of Revenue Source
Operational Benefits Of Size & Diversity Of Fleet
PPT Slide
Deepwater Rig Demand - WorldwideCentral Case
Geological Success Sensitivity
Geological Success Sensitivity
Geological Success Sensitivity
Enabling Deepwater Technologies
PPT Slide
Purpose & Key Study Parameters
Depth vs. Time
Depth vs. Time
Depth vs. Time
Depth vs. Time
Depth vs. Time
Summary Rig Performance
Other Enterprise-class Advantages
PPT Slide
Supply Demand Balance Today
Committed Fleet DaysExceptional Leverage to Rising Dayrates
PPT Slide
2002 Focus
2002 FocusBalance Sheet
Declining Capital ExpendituresFollowing 2001 Completion Of Newbuild Program
Capital Structure Transactions2001 & 2002 To Date
2002 Focus
2002 FocusContinue Divestiture Program
2002 Focus
PPT Slide
2002 Focus
Share Price To Replacement Cost/ShareValuation Reflects Past Disappointments
Conclusion
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