DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF FEBRUARY 26, 2001 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS - --------------------------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg Cantilever GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Spartan 250' Independent Leg Cantilever GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Spur 250' Independent Leg Cantilever GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Cantilever Indonesia Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Heritage 250' Independent Leg Cantilever Indonesia Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg Cantilever GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg Cantilever GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg Cantilever GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg Cantilever GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg Slot GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 Cote D'lvoire Stacked Ready - --------------------------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked - --------------------------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Shipyard Repairs - --------------------------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Committed - --------------------------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco 711 Series North Sea Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Brazil Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut China Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Australia Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Prospector 1,700' Victory Class GOM Cold Stacked - --------------------------------------------------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class GOM Committed - --------------------------------------------------------------------------------------------------------------------------------- Ocean Rover 2,000' Victory Class GOM Cold Stacked - --------------------------------------------------------------------------------------------------------------------------------- Ocean Concord 2,200' F&G SS-2000 GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced Pacesetter GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Alliance 5,500' DP Ocean Ranger II Modified Brazil Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Baroness 6,500' Victory Class Singapore Shipyard Upgrade - --------------------------------------------------------------------------------------------------------------------------------- Ocean Confidence 7,500' DP Aker H-3.2 Modified GOM Contracted - --------------------------------------------------------------------------------------------------------------------------------- Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted - --------------------------------------------------------------------------------------------------------------------------------- Table continued... DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF FEBRUARY 26, 2001 RIG NAME OPERATOR CURRENT TERM START DATE - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Crusader Walter one well mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Drake Chevron two month extension plus option mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Champion Dominion one well plus option late January 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Columbia BP six month extension plus option mid January 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Spartan BP six month term plus option late November 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Spur BP six month term plus option early October 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Sovereign Maxus two-year term mid September 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Heritage Maxus one-year term late January 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean King BP 90 day term plus option late February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Nugget - - late September 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Summit Seneca one well mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Warwick BP six month term plus option early October 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Titan Dominion one-well mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Tower Spinnaker one well mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Liberator - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Century - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Ambassador Unocal two wells plus option mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Nomad - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean New Era - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Bounty Woodside 90-day contract early March 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Guardian Venture one well mid August 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Princess Talisman two wells early November 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Whittington Petrobras three-year term mid March 1998 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Epoch CACT one well plus seven options early March 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean General Woodside 200-day term contract plus option mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Prospector - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Endeavor - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Rover - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Concord Walter first of two wells mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Lexington Kerr McGee first of three wells late January 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Saratoga Walter one well plus option mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Yorktown Petrobras five-year term early June 1996 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Voyager Mariner one well mid February 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Yatzy Petrobras five-year term early November 1998 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Worker Shell four-year term plus option mid January 1998 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Quest Kerr McGee three wells mid December 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Winner Petrobras two-year term early May 1999 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Star Kerr McGee two wells early December 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Victory BP three-year term mid November 1997 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean America BP one well late August 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Valiant Amerada Hess 810 day term late September 1999 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Alliance Petrobras three-year term early September 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Baroness - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Confidence BP five-year term early January 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Clipper Petrobras three-year term mid January 2000 - ----------------------------------------------------------------------------------------------------------------------------------- Table continued... DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF FEBRUARY 26, 2001 RIG NAME ESTIMATED END DATE DAYRATE (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Crusader mid March 2001 mid 30's one well with Walter in lower 40's ending late March 2001; followed by one well with Walter in lower 40's ending mid April 2001; followed by one well with Walter in upper 30's ending early May 2001; followed by one well with Walter in lower 40's ending early June 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Drake mid April 2001 lower 40's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Champion late March 2001 upper 30's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Columbia late July 2001 lower 40's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Spartan late May 2001 lower 40's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Spur early April 2001 upper 30's six-month extension plus option with BP in upper 40's ending early October 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Sovereign mid July 2001 lower 30's shipyard repairs beginning mid December 2000 and ending mid May 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Heritage late January 2002 mid 30's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean King late May 2001 lower 50's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Nugget early March 2001 - one well/one workover plus option with Newfield in lower 50's ending late April 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Summit early May 2001 lower 40's spud can inspection ending late May 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Warwick early April 2001 lower 50's three-month extension plus option with BP in lower 50's ending early July 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Titan mid March 2001 mid 30's one well extension plus option with Dominion in mid 40's ending mid April 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Tower early April 2001 lower 40's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Liberator - - available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Century - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Ambassador early May 2001 lower 40's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Nomad - - shipyard repairs beginning mid January 2001 and ending mid April 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean New Era - - available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Bounty late May 2001 lower 80's available until early March 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Guardian mid March 2001 lower 40's shipyard ending late March 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Princess mid March 2001 upper 30's one well with Talisman in upper 30's ending late April 2001; followed by mid period survey ending mid May 2001; followed by one well with Talisman in lower 40's ending mid July 2001; followed by three month term plus options with Talisman in high 60's ending early October 2001. - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Whittington mid March 2001 100's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Epoch late April 2001 upper 40's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean General early September 2001 lower 80's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Prospector - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Endeavor - - available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Rover - - - - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Concord late March 2001 upper 30's one well plus option with Walter in lower 40's ending early April 2001; followed by four wells with Murphy in upper 40's ending late December 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Lexington late June 2001 lower 40's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Saratoga late March 2001 lower 40's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Yorktown early June 2001 lower 60's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Voyager early April 2001 lower 40's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Yatzy early November 2003 120's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Worker mid January 2002 120's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Quest early May 2001 lower 70's contracted for one well plus option with Kerr McGee in lower 80's ending early June 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Winner early May 2001 lower 80's contracted for 18 month extension with Petrobras in lower 80's ending late October 2002 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Star late February 2001 mid 80's contracted for two well extension with Kerr McGee in mid 90's ending early May 2001; followed by six month extension plus option with Kerr McGee in 100's ending early November 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Victory early March 2001 120's contracted for 180 day extension plus option with BP in 110's ending early September 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean America late March 2001 lower 80's one well extension plus option with BP in 110's ending early June 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Valiant early April 2001 110's contracted for Conger Prospect in 110's ending early April 2001; followed by 120's ending late December 2001 - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Alliance early September 2003 110's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Baroness February 2002 - available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Confidence early January 2006 170's available - ----------------------------------------------------------------------------------------------------------------------------------- Ocean Clipper mid January 2003 lower 90's available - ----------------------------------------------------------------------------------------------------------------------------------- NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico