Exhibit 99.1
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF August 6, 2007
| Dayrate | ||||||||||||||||||
| Rig Name | WD | Location | Status | Operator | Current Term | (000s) | Start Date | Est. End Date | Future Contracts and Other Information* | |||||||||
| RECENT COMMITMENTS — (See Body of Report For Contract Details/Date Changes and Other Information) | ||||||||||||||||||
Ocean Columbia | One well with Newfield | |||||||||||||||||
| Domestic Deepwater Semisubmersibles (8) | ||||||||||||||||||
Ocean Quest | 3,500´ | GOM | Contracted | Noble | two year term +option | mid 350’s | mid April 2007 | mid June 2009 | Available; actively marketing. | |||||||||
Ocean Star | 5,500´ | GOM | Contracted | Anadarko | survey complete, resume term extension | mid 380’s | early Jan. 2007 | early Jan. 2008 | One-year term extension, plusoption, with Anadarko in mid 410’s beginning in early Jan. 2008 and ending in early Jan. 2009. | |||||||||
| Available; actively marketing. | ||||||||||||||||||
Ocean America | 5,500´ | GOM | Contracted | ENI | assignment from Mariner | mid 420’s | mid May 2007 | early Nov. 2007 | Rate adjustment with ENI to mid 470’s beginning early Nov. and ending early Dec. 2007;resume work with Marinerearly Dec.2007 in mid 370’s until mid-May2008,plus option. Available; actively marketing. | |||||||||
Ocean Valiant | 5,500´ | GOM | Contracted | Anadarko | one year term extension | mid 390’s | mid Mar. 2007 | mid Mar. 2008 | Survey; followed by one-year term extension with Anadarko in mid 420’s beginning mid April 2008 and ending mid April 2009. Available; actively marketing. | |||||||||
Ocean Victory | 5,500´ | GOM | Contracted | Murphy | two year term ext. +option | mid 320’s | early Dec. 2006 | mid Jan. 2009 | Survey beginning late Oct. 2007 and ending mid Dec. 2007; followed by completion of Murphy contract ending mid Jan. 2009; followed by | |||||||||
| one well,plus option,with Newfield in low 300’s (swap from Voyager contract in low 300’s) beginningmid Jan. 2009and endinglate Feb. 2009. Available; actively marketing. | ||||||||||||||||||
Ocean Baroness | 7,000´ | GOM | Contracted | DODI | special survey and maintenance | — | — | late Sept. 2007 | Current Hess contract is three year term +optionending mid Feb. 2010. Available; actively marketing. | |||||||||
Ocean Endeavor | 10,000´ | GOM | Contracted | Devon | four year term +option | low 250’s | early July 2007 | late June 2011 | Available. | |||||||||
Ocean Confidence | 7,500´ | GOM | Contracted | BP | two year term | low 280’s | early Jan. 2006 | early Jan. 2008 | Four-year term with Murphy in the GOM in the low 500’s beginning January 2008 and ending January 2012. Available; actively marketing. | |||||||||
| Domestic 2nd/3rd Generation Semisubmersibles (5) | ||||||||||||||||||
Ocean New Era | 1,500´ | GOM | Contracted | DODI | prep and mobe for Pemex | — | — | mid Sept. 2007 | 2-1/2 year term with Pemex in mid 260’s beginning mid Sept. 2007 and ending mid Feb. 2010. Available; actively marketing. | |||||||||
Ocean Voyager | 2,000´ | GOM | Contracted | DODI | prep and mobe for Pemex | — | — | late Sept. 2007 | 2-1/2 year term with Pemex in mid 330’s beginning late Sept. 2007 and ending late Feb. 2010. Available; actively marketing. | |||||||||
Ocean Yorktown | 2,850´ | GOM | Contracted | DODI | prep, mobe andacceptance testfor Brazil | — | — | late April2008 | Five-year term contract with Petrobras in Brazil in mid 230’s plus lump sum mobe and potential 15% bonus beginning inlate April2008 and ending inlate April2013. Available. | |||||||||
Ocean Concord | 2,200´ | GOM | Contracted | Tana | term extension +option | low 270’s | early June 2007 | early Sept. 2007 | Prep and lump-sum mobe to Brazil, plus acceptance test; followed by five-year contract with Petrobras in low 230’s plus potential 15% performance bonus beginningmid Dec.2007 and endingmid Dec.2012. Available. | |||||||||
Ocean Saratoga | 2,200´ | GOM | Contracted | LLOG | six month term +option | low 120’s | late April 2007 | late Oct. 2007 | Six-month extension with LLOG in low 300’s beginning late Oct. 2007 and ending late April 2008 Available; actively marketing. | |||||||||
2
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF August 6, 2007
| Dayrate | ||||||||||||||||||
| Rig Name | WD | Location | Status | Operator | Current Term | (000s) | Start Date | Est. End Date | Future Contracts and Other Information* | |||||||||
Domestic Jackups (8) | ||||||||||||||||||
Ocean Crusader | 200’ MC | GOM | Contracted | Energy Partners | six month term | high 110’s | early Mar. 2007 | mid Aug. 2007 | Available; actively marketing. | |||||||||
Ocean Drake | 200’ MC | GOM | DODI | — | — | — | — | — | Available; actively marketing. | |||||||||
Ocean Champion | 250’ MS | GOM | DODI | — | — | — | — | — | Available; actively marketing. | |||||||||
Ocean Columbia | 250’ IC | GOM | Contracted | Newfield | one year term | low 120’s | early Aug. 2006 | early Aug. 2007 | One well with Newfield in mid 70’s beginning early Aug. and ending late Aug. 2007. Available; actively marketing. | |||||||||
Ocean Spartan | 300’ IC | GOM | Contracted | Apache | two wells | low 70’s | mid July 2007 | late Aug. 2007 | Available; actively marketing. | |||||||||
Ocean Summit | 300’ IC | GOM | Contracted | Hunt | three wells +two option wells | high 70’s | early June 2007 | mid Sept. 2007 | Available; actively marketing. | |||||||||
Ocean Titan | 350’ IC | GOM | Contracted | Apache | one well | low 80’s | early May 2007 | mid Aug.2007 | Two well extension with Apache in low 80’s beginningmid Aug.and endingmid Oct. 2007. Available; actively marketing. | |||||||||
Ocean Tower | 350’ IC | GOM | Contracted | Chevron | two year term extension +option | low 140’s | late April 2006 | late April 2008 | Indexed term contractwith floor in low 140’s and ceiling in low 200’s. Available; actively marketing. | |||||||||
| International Semisubmersibles (17) | ||||||||||||||||||
MEXICO | ||||||||||||||||||
Ocean Ambassador | 1,100' | GOM | Contracted | PEMEX | four year term work | mid 50’s | late July 2003 | mid Dec. 2007 | Available; actively marketing. | |||||||||
Ocean Worker | 3,500' | GOM | Contracted | PEMEX | 30-day extension | mid 330’s | late July 2007 | late Aug. 2007 | Mobe to GOM; survey, prep and mobe to Trinidad; followed by six-month term with Petro-Canada in Trinidad in the low 450’s beginning late Oct. 2007 and ending late May 2008. Available; actively marketing. | |||||||||
NORTH SEA/MED | ||||||||||||||||||
Ocean Nomad | 1,200' | North Sea | Contracted | Talisman | 18-month extension | mid 280’s | early Feb. 2007 | early Aug. 2008 | Two-year term extension with Talisman in mid 330’s beginning early Aug. 2008 and ending early Aug. 2010. Available; actively marketing. | |||||||||
Ocean Guardian | 1,500' | North Sea | Contracted | Oilexco | two year term | mid 350’s | early June 2007 | early June 2009 | Available; actively marketing. | |||||||||
Ocean Princess | 1,500' | North Sea | Contracted | Talisman | two year term | mid 150’s | late Jan. 2006 | mid Feb. 2008 | Two-year term extension with Talisman in mid 330’s beginning mid Feb. 2008 and ending mid Feb. 2010. Available; actively marketing. | |||||||||
Ocean Vanguard | 1,500' | North Sea | Contracted | Statoil | term | mid 160’s | early April 2007 | mid April 2008 | Two year extension plusoptionwith Statoil in low 400’s beginning mid April 2008 and ending mid April 2010. Available; actively marketing. | |||||||||
Ocean Lexington | 2,200' | Egypt | Contracted | BP | 36 month term +option | mid 260’s | late Nov. 2006 | late Aug. 2009 | Available; actively marketing. | |||||||||
3
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF August 6, 2007
| Dayrate | ||||||||||||||||||
| Rig Name | WD | Location | Status | Operator | Current Term | (000s) | Start Date | Est. End Date | Future Contracts and Other Information* | |||||||||
AUSTRALASIA | ||||||||||||||||||
Ocean Bounty | 1,500' | Australia | Contracted | Woodside | five wells | mid 100’s | early May 2007 | early Feb. 2008 | One-year term with Woodside in low 350’s beginning early Feb. 2008 and ending early Feb. 2009. Available; actively marketing. | |||||||||
Ocean Patriot | 1,500' | New Zealand | Contracted | NZOP | one well | mid 370’s | late July 2007 | mid Aug. 2007 | Remainder of Australian Worldwide work in New Zealand in mid 370’s beginning mid Aug. and ending mid Sept. 2007; followed by remainder of New Zealand work with Santos in mid 370’s beginning mid Sept. and endinglateDec. 2007;followed by survey, maintenance and mobe to Bass Strait; followed by last option well exercised with Anzon in low 350’s beginningearly Feb. 2008and ending midMar.2008; followed by remainder of Santos term plus option in mid 370’s beginning midMar.2008 and ending midOct.2008; followed by two-year term contract in Australia at a dayrate between 380,000 and 420,000*** with Apache, plusoption,beginningmid Oct.. 2008 and ending midOct.2010. Available; actively marketing. | |||||||||
Ocean Epoch | 1,640' | Australia | Contracted | Shell | term program plus option | mid 220’s | early April 2006 | early Jan. 2008 | One year term contract with Apache in Australia at a dayrate between 330,000 and 365,000*** beginningearly Jan. 2008and ending early Jan. 2009; followed by 550-day term contract in Australia in low 350’s with BHPB, plusoption,beginningearly Jan. 2009and ending midJuly2010. Available; actively marketing. | |||||||||
Ocean General | 1,640' | Indonesia | mobing to Timor Sea | Inpex | three wells | mid 130’s | early May 2007 | early Dec. 2007 | Two additional wells with Inpex in mid 170’s beginning early Dec. 2007 and ending mid April. 2008. Available; actively marketing. | |||||||||
Ocean Rover | 7,000' | Malaysia | Contracted | Murphy | remaining Kikeh development wells | mid 180’s | late Feb. 2007 | late April 2008 | Seven option wells of approximately 30-days each with Murphy in mid 240’sending mid Dec. 2008; followed by one well with Newfield in Malaysia in low 450’s beginning mid Dec. 2008 and ending late Jan. 2009; followed by two-year term with Murphy in Malaysia in low 450’s beginning late Jan. 2009 and ending late Jan. 2011. Available; actively marketing. | |||||||||
| BRAZIL | ||||||||||||||||||
Ocean Yatzy | 3,300' | Brazil | Contracted | Petrobras | four year extension plus potential bonus | mid 110’s | early Oct. 2005 | early Oct. 2009 | Available. | |||||||||
Ocean Whittington | 1,500' | Brazil | DODI—acceptance test | - | - | - | - | early Aug.2007 | Five-year term contract with Petrobras in Brazil in mid 220’s plus lump sum mobe and potential 15% bonus beginningearly Aug.2007 and endingearly Aug.2012. Available. | |||||||||
Ocean Winner | 3,500' | Brazil | Contracted | Petrobras | 700 day extension | low 110’s | mid Mar. 2006 | mid Mar. 2010 | Available. | |||||||||
Ocean Alliance | 5,000' | Brazil | Contracted | Petrobras | four year extension plus potential bonus | mid 150’s | early Sept. 2005 | early Sept. 2009 | Available. | |||||||||
International Drillships (1) | ||||||||||||||||||
Ocean Clipper | 7,500' | Brazil | Contracted | Petrobras | five year extension plus potential bonus | low 180’s | mid Dec. 2005 | mid Dec. 2010 | Available. |
4
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF August 6, 2007
| Dayrate | ||||||||||||||||||
| Rig Name | WD | Location | Status | Operator | Current Term | (000s) | Start Date | Est. End Date | Future Contracts and Other Information* | |||||||||
| International Jackups (5) | ||||||||||||||||||
Ocean Sovereign | 300’ IC | Indonesia | Contracted | Kodeco | 18-month term +option | mid 90’s | mid Oct. 2006 | mid-April 2008 | Available; actively marketing. | |||||||||
Ocean Spur | 300’ IC | Eqypt | Contracted | NOSPCO | 180-day term | high 150’s | mid May 2007 | late Jan. 2008 | Intermediate survey; followed by one well with Gaz de France in Egypt in low 190’s beginningearly Feb. 2008 and ending late Mar. 2008. Available; actively marketing. | |||||||||
Ocean Heritage | 300’ IC | Qatar | Contracted | Maersk | one year term | high 150’s | early May 2006 | late Aug. 2007 | Two wells (approx. 150 days) plusoptionwith QPD in Qatar in mid 170’s beginning late Aug. 2007 and ending mid Jan. 2008. Available; actively marketing. | |||||||||
Ocean King | 300’ IC | Mobe to Croatia | DODI | — | — | — | — | mid Nov. 2007 | Lump sum mobe followed by approximately 100 days shipyard for survey and maintenance ending mid Nov. 2007; followed by two-year bareboat charter with Crosco in high 100’s beginning early Nov. 2007 and ending mid Nov. 2009. Available; actively marketing. | |||||||||
Ocean Nugget | 300’ IC | GOM | Contracted | Pemex | term contract | high 160’s | early Oct 2006 | late Mar. 2009 | Available; actively marketing. | |||||||||
Upgrade (1) | ||||||||||||||||||
Ocean Monarch | 2,200' | Shipyard | Upgrading | DODI | — | — | — | — | Singapore shipyard for upgrade to 10,000 ft. capable 5th Generation rig. Estimated completion, including commissioning and mobe, late fourth quarter 2008; followed by four-year term, plus mobe, plus option, with Anadarko in the GOM in the mid 420’s beginning late Dec. 2008 and ending late Dec. 2012. Available. | |||||||||
| New-build Rigs Under Construction (2) | ||||||||||||||||||
Ocean Shield | 350’ IC | Shipyard | — | — | — | — | — | — | Singapore shipyard, estimated completion Q1 2008; followed by one-year term in Australia with ENI in mid 260’s beginning upon delivery in the first quarter of 2008. Available; actively marketing. | |||||||||
Ocean Scepter | 350’ IC | Shipyard | — | — | — | — | — | — | Brownsville shipyard, estimated completion Q1 2008. Available; actively marketing. | |||||||||
NOTES: *Generally, rig utilization rates approach 95-98% during contracted periods; however, utilization rates can be adversely impacted by additional downtime due to unscheduled repairs and maintenance, weather conditions and other factors.**An LOI is subject to customary conditions, including the execution of a definitive agreement, and as such may not result in a binding contract. Options are un-priced and any extension of contract is subject to mutually agreeable terms and conditions unless otherwise indicated. Indexed contracts generally reprice every 30 days. Mobe revenues (if any) and mobe expenses are deferred, and generally are amortized over the life of the contract.GOM = Gulf of Mexico.***Dayrate range disclosed pursuant to terms of contract.
5
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF August 6, 2007
Forward-Looking Statements:The rig status report may contain “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, 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 rigs being upgraded or to be upgraded and rigs under construction. 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, 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.