Diamond Offshore Drilling (DODRW) 8-K Regulation FD Disclosure

Exhibit 99.1

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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
October 19, 2011

RECENT COMMITMENTS — (See Body of Report For Contract Details/Date Changes and Other Information)

Ocean ColumbiaOne Well

Ocean Sceptor612 Days

Rig Name	Nominal WD*	Location	Status	Operator	Current Term	Dayrate ($000s)	Start Date	Est. End Date
Domestic Deepwater Semisubmersibles (1)
Ocean Victory(Note 1)	5,500’	GOM	Current Contract	ATP	continue six-wells	mid 560’s	mid May 2011	late Oct. 2011
		GOM	Future Contract	Walter	one well	mid 320’s	late Oct. 2011	mid Dec. 2011
Domestic 2nd Generation Semisubmersibles (2)
Ocean Saratoga	2,200’	GOM	Actively Marketing	DODI
Ocean Yorktown	2,850’	Demobe	Demobe to GOM, survey, prep for Mexico	DODI	remaining term transferred to Concord		mid Aug. 2011	early Jan. 2012
		Mexico	Future Contract	Pemex	930-day term	mid 180’s	early Jan. 2012	early June 2014
Domestic Jack-ups (1)
Ocean Columbia	250’ IC	GOM	Current Contract	Walter	one well	low 60’s	late Sep. 2011	late Dec. 2011

Note (1). Victory— In regard solely to the ATP contract, for a minimum of the first 240 days and potentially for all of the initial one-year contract period, Contract Drilling Revenue is to be recognized under normal GAAP accrual accounting at $540,000 per day, and additional contract dayrate of $20,000 is to be recognized as interest income over applicable periods reflecting deferred payment plan. The contract calls for $75,000 per day of the $560,000 contract dayrate to be paid on a current basis and the remaining $485,000 per day to be paid pursuant to an overriding royalty interest structure, as discussed in the Company’s Form 8-K that was filed on June 3, 2009. The contract may be extended beyond the initial one-year contract period for such days as are necessary to complete the drilling of a well then in progress, and the dayrate for such days, if any, will be $540,000 payable in cash.

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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
October 19, 2011

Rig Name	Nominal WD*	Location	Status	Operator	Current Term	Dayrate ($000s)	Start Date	Est. End Date
International Semisubmersibles (25)
North Sea/Mediterranean
Ocean Nomad	1,200’	North Sea	Current Contract	BG Intl.	four firm + one priced option well	mid 230’s	late Sep. 2011	late May 2012
Ocean Guardian	1,500’	Falkland Is.	Current Contract	AGR/Desire/ Rockhopper	three firm of 10 pricedoptionwells	mid 270’s	mid Aug. 2011	mid Dec. 2011
Ocean Princess	1,500’	North Sea	Intermediate Survey / Maint.	DODI			mid Aug. 2011	early Jan. 2012
		North Sea	Future Contract	Enquest	600-day term + unpricedoptions	low 230’s	early Jan. 2012	late Aug. 2013
Ocean Vanguard	1,500’	North Sea	Current Contract	Statoil	three-year term + unpricedoption	low 350’s	mid Aug. 2010	mid June 2013
Ocean Endeavor	10,000’	Egypt	Current Contract	Burullus	eight-month extension + pricedoptions	mid 280’s	late July 2011	late Mar. 2012
Ocean Confidence	10,000’	Angola	Current Contract	Cobalt	2nd & 3rd firm wells +option	low 360’s	mid July 2011	early Feb. 2012
			Mobe to GOM / Maint.	DODI			To Be Determined
		GOM	Future Contract	Murphy	resume interrupted contract, 365 days + unpricedoption	low 510’s	To Be Determined
Ocean Valiant (Note 2)	5,500’	Angola	Current Contract	Total	two-year term	low 620’s	late Sep. 2009	early Nov. 2011
		Equatorial Guinea	Future Contract	Hess	Four firm wells+two pricedoptionwells	low 320’s	early Nov. 2011	late Feb. 2012

Note (2). Valiant— Dayrate on Total contract subject to certain potential adjustments that are not expected to be material.

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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
October 19, 2011

Rig Name	Nominal WD*	Location	Status	Operator	Current Term	Dayrate ($000s)	Start Date	Est. End Date
Australasia
Ocean Patriot	1,500’	Australia	Current Contract	PTTEP	200 day term	mid 230’s	mid June 2011	early March 2012
Ocean America	5,500’	Australia	Current Contract	Woodside	remainder term	mid 410’s	mid March 2011	mid Sep. 2012
Ocean General	3,000’	Malaysia	Survey	DODI			late Sep. 2011	early Dec. 2011
Ocean Rover	8,000’	Indonesia	Current Contract	Murphy/Hess	two term + oneoptionwell	high 370’s	mid Dec. 2010	early Feb. 2012
		Malaysia	Maintenance	DODI/Murphy		low 150’s	early Feb. 2012	early Apr. 2012
		Malaysia	Resume Current Contract	Murphy	resume two-year ext.	low 450’s	early Apr. 2012	mid July 2012
		Malaysia	Future Contract	Murphy	600-day extension + unpricedoption	mid 280’s	mid July 2012	early Mar. 2014
Ocean Monarch	10,000’	GOM/Mobe	Mobe to Vietnam / Acceptance Testing	DODI			mid Aug. 2011	early Dec. 2011
		Vietnam	Future Contract	BP	two wells + two options	mid 340’s	mid Nov. 2011	early Mar. 2012

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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
October 19, 2011

Rig Name	Nominal WD*	Location	Status	Operator	Current Term	Dayrate ($000s)	Start Date	Est. End Date
Brazil(Note 3)
Ocean Ambassador	1,100’	Brazil	Current Contract	OGX	3-year term	low 260’s	mid Sep. 2009	mid Sep. 2012
Ocean Whittington	1,650’	Brazil	Current Contract	Petrobras	5-year term (includes 50% of pot.15% bonus)	low 240’s	late Jan. 2009	late Dec. 2011
Ocean Concord	2,300’	Brazil	Current Contract	Petrobras	5-year term (includes 50% of pot.15% bonus)	high 240’s	early Jan. 2008	early Jan. 2013
		Brazil	Future Contract	Petrobras	remainder of Whittington and Yorktown terms	high 240’s	early Jan. 2013	mid July 2015
Ocean Lexington	2,200’	Brazil	Current Contract	OGX	3-year term	mid 330’s	early Feb. 2010	early Mar. 2012
		Brazil	Current Contract	OGX	3-year term (rate reduction blended across Star and Quest)	low 270’s	early Mar. 2012	early Feb. 2013
Ocean Yatzy	3,300’	Brazil	Current Contract	Petrobras	5-year term (includes 50% of pot.10% bonus)	mid 250’s	early Oct. 2009	early Oct. 2014
Ocean Quest	4,000’	Brazil	Remainder term at new blended rate	OGX	revised 2-year term	low 270’s	mid Feb. 2011	late Dec. 2011
		Brazil	Future Contract	OGX	1-year extension + second 1-year extension	mid 260’s	late Dec. 2011	late Dec. 2013
Ocean Winner	4,000’	Brazil	Current Contract	Petrobras	5-year term (includes 50% of pot.10% bonus)	mid 280’s	mid Oct. 2010	mid Mar. 2015
Ocean Worker	4,000’	Brazil	Current Contract	Petrobras	6-year term (includes 50% of pot.10% bonus)	mid 280’s	late Feb. 2009	late Feb. 2015
Ocean Alliance	5,250’	Brazil	Current Contract	Petrobras	6-year term (includes 50% of pot.15% bonus)	mid 360’s	late July 2010	late June 2016
Note (3) —All Brazilian contracts include unpriced options

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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
October 19, 2011

Rig Name	Nominal WD*	Location	Status	Operator	Current Term	Dayrate ($000s)	Start Date	Est. End Date
Brazil Cont. (Note 3)
Ocean Star	5,500’	Brazil	Current Contract	OGX	part one of 2-year term extension	low 310’s	mid Feb. 2011	late Dec. 2011
		Brazil	Future Contract	OGX	part two of 2-year term extension	low 270’s	late Dec. 2011	mid Apr. 2012
		Brazil	Future Contract	OGX	remainder of 2-year term at blended rate	low 300’s	mid Apr. 2012	mid Feb. 2013
		Brazil	Future Contract	OGX	1-year extension	low 300’s	mid Feb. 2013	mid Feb. 2014
Ocean Baroness	7,000’	Brazil	Current Contract	Petrobras	converted to five-year term (includes 50% of pot. 5% bonus)	low 270’s	early Sep. 2011	early Sep. 2015
Ocean Courage	10,000’	Brazil	Current Contract	Petrobras	five-year term (includes 50% of pot. 6% bonus)	400 — 410	mid Feb. 2010	mid Feb. 2015
Ocean Valor	10,000’	Brazil	Current Contract	Petrobras	converted to five-year term (includes 50% of pot. 5% bonus)	low 440’s	early Sep. 2011	mid Oct. 2015
Drillship (1)
Ocean Clipper	7,875’	Brazil	Survey/Upgrade for Petrobras	DODI			late Sep. 2011	early Jan. 2012
		Brazil	Resume Current Contract	Petrobras	5-year term (includes 50% of pot. 5% bonus)	mid 310’s	early Jan. 2012	early Dec. 2015
Note (3) —All Brazilian contracts include unpriced options

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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
October 19, 2011

Rig Name	Nominal WD*	Location	Status	Operator	Current Term	Dayrate ($000s)	Start Date	Est. End Date
International Jack-ups (8)
Ocean Nugget	300’ IC	Mexico	Current Contract	Pemex	430 day term	mid 80’s	mid Sep. 2011	mid Oct. 2012
Ocean Summit	300’ IC	Mexico	Standby	DODI			mid Oct. 2011	late Feb. 2012
		Mexico	Future Contract	Pemex	985 day term	mid 80’s	late Feb. 2012	early Nov. 2014
Ocean Titan	350’ IC	GOM	Prep for Pemex / Mobe / Acceptance	DODI			mid Sep. 2011	late Nov. 2011
		Mexico	Future Contract	Pemex	777 day term	mid 100’s	late Nov. 2011	early Jan. 2014
Ocean Scepter	350’ IC	GOM	Prep for Pemex / Mobe / Acceptance	OGX		low 100’s	mid Oct 2011	late Nov. 2011
		GOM	Prep for Pemex / Acceptance	DODI			late Nov. 2011	mid Jan. 2012
		Mexico	Future Contract	Pemex	612 day term	mid 130’s	mid Jan. 2012	late July 2013
Ocean King	300’ IC	Montenegro	Actively Marketing	DODI
Ocean Heritage	300’ IC	Suez Gulf	Five Year Survey /Actively Marketing	DODI			late Sep. 2011	early Nov. 2011
Ocean Spur	300’ IC	Egypt	Current Contract /Actively Marketing	WEPCO	one-year extension + unpricedoption	mid 60’s	late Oct. 2010	late Oct. 2011
Ocean Sovereign	300’ IC	Malaysia	Preparing to Stack	DODI
RIGS UNDER CONSTRUCTION — Dynamically Positioned Drillships (3)
Ocean BlackHawk	12,000’	S. Korea	Hyundai	DODI			Q1 2011	Q2 2013
		TBA	Future Contract	Anadarko	five-year term	mid 490’s	Q4 2013	Q4 2018
Ocean BlackHornet	12,000’	S. Korea	Hyundai	DODI			Q1 2011	Q4 2013
		TBA	Future Contract	Anadarko	five-year term	mid 490’s	Q2 2014	Q2 2019
Ocean BlackRhino	12,000’	TBA	Hyundai	DODI			Q2 2011	Q2 2014

NOTES: Rig utilization rates can be adversely impacted by additional downtime due to unscheduled repairs and maintenance, and other factors.

On rig utilization, assume 95% for DP units, 96% for conventionally moored rigs, and 98% for jack-ups. GOM=Gulf of Mexico.

Options are un-priced and any extension of contract is subject to mutually agreeable terms & conditions unless otherwise indicated.

ALL DAYRATES EXCLUSIVE OF MOBE. Mobe revenues (if any) and mobe expenses are deferred, and generally are amortized over the life of the contract.

*Nominal Water Depth— Nominal water depth (in ft.) reflects the rig’s current operating water depth capability. Often, rigs are capable of drilling, or have drilled, in greater water depths. In all cases, floating rigs are capable of working successfully at greater depths than their nominal depth. On a case by case basis, we may achieve a greater depth capacity by providing additional equipment.

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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
October 19, 2011

EXPECTED 2011 DOWNTIME — 10 DAYS OR LONGER (Subject to Change*)

Total DT YTD 496 EST ‘11 Total = 1,046

Rig	# Days	3Q Actual		EST Q4		Comments
Shipyard — 5-Year Surveys/Maintenance
Nugget			47			5-year survey/maintenance
Summit			38			5-year survey/maintenance
Saratoga			60		17	5-year survey/maintenance
General					60	5-year survey/maintenance
Heritage					39	5-year survey/maintenance
Total 5-year Surveys			145		116
Intermediate Surveys/Acceptance Testing/Maintenance
Princess			46		92	Intermediate survey/maintenance
Total Contract Prep.			46		92
Contract Prep/Maintenance/Other
Monarch			30		61	Standby heavy lift/mobe Vietnam
Yorktown			42		92	Mobe GOM/prep/mobe to Mexico
Titan			41		61	Contract prep and mobe Mexico
Clipper					92	Petrobras upgrade
Scepter					36	Contract prep and mobe Mexico
Other Total			113		342
Total			304		550

* Reflects currently planned downtime. Expect additional downtime in form of possible mobes for new jobs not yet contracted, possible acceptance testing at new jobs, and unanticipated maintenance. Survey start times may also be accelerated or delayed for various reasons.

Does Not Include Cold or Hot Stacked Rigs (see final page for cold stacked units).

2012 ESTIMATED SURVEY DOWNTIME = 979 days

Special Surveys: Victory (75); Guardian (70); Endeavor (50); Patriot (50); Whittington (120); Quest (105); Worker (92); Star (92); Baroness (75); King (60).

Intermediate Surveys/UWILD: Columbia (12); Courage (10); Valor (10).

Other Prep/Maintenance: Confidence (60); Yorktown (12); Clipper (10); Scepter (16); Rover (60).

Survey Costs: During surveys, normal opex applies, plus additional costs.

Mobe Costs: Amortized mobe costs are generally offset by amortized mobe revenues.

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DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
October 19,  2011

Rig Name	Nominal WD	Location	Status	Operator	Order Date	Est. Delivery Date
COLD STACKED RIGS (8) = (4 jack-ups, 4 semisubmersibles)
Ocean Crusader	200' MC	GOM	Stacked	DODI
Ocean Drake	200' MC	GOM	Stacked	DODI
Ocean Champion	250' MS	GOM	Stacked	DODI
Ocean Spartan	300' IC	GOM	Stacked	DODI
Ocean Voyager	3,200'	GOM	Stacked	DODI
Ocean Epoch	3000'	Malaysia	Stacked	DODI
Ocean New Era	1,500'	GOM	Stacked	DODI
Ocean Bounty	1,500'	Malaysia	Stacked	DODI

Forward-Looking Statements:The rig status report contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933,as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain or be identified by the words “expect,” “intend,” “plan,” “predict,” “anticipate,” “estimate,” believe,” “should,” “could,” “may,” “might,” “will,” “will be,” “will continue,” “will likely result,” “project,” “budget,” “forecast,” and similar expressions. Statements by the Company in the rig status report that contain forward-looking statements include, but are not limited to, statements regarding the current term, future dayrates, future status, start and end dates, and comments concerning future contracts and availability, letters of intent, utilization, surveys, downtime and other aspects of the Company’s drilling rigs, as well as statements concerning related legal proceedings and outcomes thereof, the impact of these and related events on our operations and revenues, the effects of claims of force majeure and the outcomes of discussions with operators with regard thereto, rigs being upgraded or to be upgraded, rigs under construction and the revised Ocean Victory contract. Such statements are inherently subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those anticipated or projected. A discussion of the risk factors that could impact these areas and the Company’s overall business and financial performance can be found in the Company’s reports and other documents filed with the Securities and Exchange Commission. These factors include, among others, general economic and business conditions, contract cancellations, customer bankruptcy, operating risks, casualty losses, industry fleet capacity, changes in foreign and domestic oil and gas exploration and production activity, competition, changes in foreign, political, social and economic conditions, regulatory initiatives and compliance with governmental regulations, customer preferences and various other matters, many of which are beyond the Company’s control. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the rig status report, and the Company undertakes no obligation to publicly update or revise any forward-looking statement.