Diamond Offshore Drilling, Inc. provided interest expense guidance for the third quarter of 2014, capital expenditure for the full year 2014 and 2015 and tax rate guidance for the final two quarters of the year 2014. Depreciation expense for third quarter of 2014 is expected to increase to $110 million to $115 million, with a full year depreciation expense not expected to be between $445 million and $455 million. This is a little lower than the company's previous guidance and is driven primarily by the delivery delays from the company's drill ships. Interest expense should be in the $15 million to $20 million range in third quarter of 2014 and G&A expansion, should be in the range of $18 million to $21 million per the quarter for the rest of the year. The company's tax rate for the final two quarters of the year 2014 is expected to fall between 20% and 24%. The company's capital expenditure guidance again, remains unchanged from the last quarter. For 2014, the company expects to incur $285 million of maintenance CapEx and $1.8 billion of new-build CapEx for a total of $2.1 billion.

For 2015, the company is still expecting the capital expenditures to be approximately $800 million, primarily made up by the shipyard completion payment on the BlackLion, plus maintenance CapEx.