To All,
biz.yahoo.com
Tuesday August 17, 9:02 am Eastern Time
Company Press Release
Diamond Offshore Drills Deepest Water Depth Turnkey Well
HOUSTON--(BUSINESS WIRE)--Aug. 17, 1999--Diamond Offshore Drilling Inc. (NYSE:DO - news), through its wholly owned drilling management subsidiary, Diamond Offshore Team Solutions Inc. (DOTS), has successfully drilled the world's deepest water depth turnkey well with its drillship ''Ocean Clipper.'' The well, drilled in more than 7,200 feet of water in the Gulf of Mexico for Marathon Oil Company, is the sixth deepest water depth well ever drilled worldwide and surpasses the previous turnkey record operation completed by Diamond Offshore's semisubmersible ''Ocean Voyager'' in 1994 in approximately 2,100 feet of water.
''This world record demonstrates not only our turnkey capabilities, but also the success of the recent upgrade of the 'Ocean Clipper' completed prior to spud. Diamond Offshore salutes its crews and support staff who contributed to this achievement,'' said Lawrence R. Dickerson, president and chief operating officer.
DOTS is a team of Diamond Offshore drilling specialists supported by top-of-the-line subcontractors who assess and manage the risks inherent in specialized drilling applications, including deepwater turnkey. DOTS has successfully completed operations for the six deepest water depth turnkey wells ever drilled with the ''Ocean Voyager,'' ''Ocean Endeavor,'' and now, the ''Ocean Clipper.''
Diamond Offshore is a leader in deepwater drilling. The Company's fleet of 46 offshore drilling rigs consists of 30 semisubmersibles, 15 jack-ups and one drillship. The fleet operates in the waters of six of the world's seven continents.
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Contact:
Diamond Offshore, Houston
Caren W. Steffes, 281/492-5393
Regards,
Aggie
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