Table of Contents
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Our View of the Business
Merger/Acquisition History
Company Overview
Largest Fleet of Mobile Offshore Drilling Units
Company Overview
Industry’s Largest Deepwater Drilling Fleet
Company Overview
Industry’s Largest Inland Barge Fleet Extends U.S. Natural Gas Drilling Exposure
Company Overview
Industry’s Most Geographically Diverse Fleet Critical Mass Of Quality Assets In All Regions
Company Overview
Customer Base at August 2001 Representation From Majors, Inds and Nationals
Company Overview
Summary Balance Sheet June 30, 2001
Company Overview
Unprecedented Equity Market Capitalization and Trading Liquidity Among Offshore Drillers
Equity Market Capitalization Comparable In Size To Many Customers
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Worldwide Offshore Reserves Discovered '96 ~ '00
Exploration & Discovery
Proven Deepwater Reserves
Deepwater Discoveries by Reserve Size
Ultra Deepwater Fields by Water Depth
New Offshore Production '01 ~ '05
Worldwide Oil Production WD > 2,500'
Deepwater Rig Demand by Region
Secondary Market
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Deepwater Dayrate Development
Midwater Dayrate Development
Jackup Dayrate Development
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Operating Revenues and Field Operating Profit by Region YTD June 2001 Actual (in US$ millions)
Consolidated Balance Sheet (In US$ millions, except ratios)
Financial Policies
Declining Capital Expenditures
Planned Asset Divestiture Activity Progress To Date
Scheduled Debt Maturity After Convertible Debt Issue
Ultra-Deep Fleet Firm Contract Status (Greater than 5,000 Ft.)
Committed Fleet Days Exceptional Leverage to Rising Dayrates
Conclusion
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