Exhibit 99.1 ------------ DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JUNE 25, 2001 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ----------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted Walter - ----------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted Chevron - ----------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Contracted Walter - ----------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Spartan 250' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Spur 250' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Cantilever Indonesia Contracted Maxus - ----------------------------------------------------------------------------------------------------------------- Ocean Heritage 250' Independent Leg Cantilever Indonesia Contracted Maxus - ----------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg Cantilever GOM Contracted Houston Exploration - ----------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg Cantilever GOM Shipyard - - ----------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg Cantilever GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Contracted Dominion - ----------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg Slot GOM Contracted Spinnaker - ----------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 Ivory Coast Stacked - - ----------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked - - ----------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted Unocal - ----------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Contracted BG - ----------------------------------------------------------------------------------------------------------------- 1 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ----------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Contracted Houston Exploration - ----------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted Woodside - ----------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco 711 North Sea Contracted Shell Series - ----------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman - ----------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Brazil Contracted ExxonMobil - ----------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut China Contracted CACT - ----------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Australia Contracted Woodside - ----------------------------------------------------------------------------------------------------------------- Ocean Prospector 1,700' Victory Class GOM Cold Stacked - - ----------------------------------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class GOM Contracted Westport - ----------------------------------------------------------------------------------------------------------------- Ocean Rover 2,000' Victory Class GOM Cold Stacked - - ----------------------------------------------------------------------------------------------------------------- Ocean Concord 2,200' F&G SS-2000 GOM Contracted Walter - ----------------------------------------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Murphy - ----------------------------------------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted Walter - ----------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Contracted Anadarko - ----------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced Pacesetter GOM Contracted Shell - ----------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted Kerr McGee - ----------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------- 2 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ----------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted Kerr McGee - ----------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Contracted Anadarko - ----------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Amerada Hess - ----------------------------------------------------------------------------------------------------------------- Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------- Ocean Baroness 6,500' Victory Class Singapore Shipyard Upgrade - - ----------------------------------------------------------------------------------------------------------------- Ocean Confidence 7,500' DP Aker H-3.2 Modified GOM Contracted BP - ----------------------------------------------------------------------------------------------------------------- Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------- NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico ** TABLE CONTINUED... ** 3 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ---------------------------------------------------------------------------------------------- Ocean Crusader one well late May 2001 late July 2001 - ---------------------------------------------------------------------------------------------- Ocean Drake six month extension late March 2001 late September 2001 plus options - ---------------------------------------------------------------------------------------------- Ocean Champion one well early May 2001 late July 2001 - ---------------------------------------------------------------------------------------------- Ocean Columbia six month extension mid January 2000 late July 2001 plus option - ---------------------------------------------------------------------------------------------- Ocean Spartan six month term late May 2001 late November 2001 plus option - ---------------------------------------------------------------------------------------------- Ocean Spur six month term early April 2001 early October 2001 plus option - ---------------------------------------------------------------------------------------------- Ocean Sovereign two-year term mid September 2000 early September 2002 - ---------------------------------------------------------------------------------------------- Ocean Heritage one-year term late January 2001 late January 2002 - ---------------------------------------------------------------------------------------------- Ocean King 90 day term plus option late May 2001 late August 2001 - ---------------------------------------------------------------------------------------------- Ocean Nugget four wells late June 2001 late September 2001 - ---------------------------------------------------------------------------------------------- Ocean Summit - mid June 2001 early August 2001 - ---------------------------------------------------------------------------------------------- Ocean Warwick three month term early April 2001 mid July 2001 - ---------------------------------------------------------------------------------------------- Ocean Titan one-well mid May 2001 early September - ---------------------------------------------------------------------------------------------- Ocean Tower one well mid February 2001 early July 2001 - ---------------------------------------------------------------------------------------------- Ocean Liberator - - - - ---------------------------------------------------------------------------------------------- Ocean Century - - - - ---------------------------------------------------------------------------------------------- Ocean Ambassador one well early June 2001 late June 2001 - ---------------------------------------------------------------------------------------------- Ocean Nomad one well late April 2001 early July 2001 - ---------------------------------------------------------------------------------------------- 1 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ---------------------------------------------------------------------------------------------- Ocean New Era one well early May 2001 mid July 2001 - ---------------------------------------------------------------------------------------------- Ocean Bounty 180-day contract early March 2001 late August 2001 - ---------------------------------------------------------------------------------------------- Ocean Guardian nine months plus option mid May 2001 mid February 2002 - ---------------------------------------------------------------------------------------------- Ocean Princess one well late June 2001 late August 2001 - ---------------------------------------------------------------------------------------------- Ocean Whittington Mobilizing to location mid June 2001 early July 2001 - ---------------------------------------------------------------------------------------------- Ocean Epoch first option well early June 2001 mid July 2001 - ---------------------------------------------------------------------------------------------- Ocean General 200-day term contract mid February 2001 mid September 2001 plus option - ---------------------------------------------------------------------------------------------- Ocean Prospector - - - - ---------------------------------------------------------------------------------------------- Ocean Endeavor one well plus option mid May 2001 early August 2001 - ---------------------------------------------------------------------------------------------- Ocean Rover - - - - ---------------------------------------------------------------------------------------------- Ocean Concord one well late June 2001 early July 2001 - ---------------------------------------------------------------------------------------------- Ocean Lexington four wells early June 2001 early March 2002 - ---------------------------------------------------------------------------------------------- Ocean Saratoga one well early June 2001 late June 2001 - ---------------------------------------------------------------------------------------------- Ocean Yorktown five-year term early June 1996 late June 2001 - ---------------------------------------------------------------------------------------------- Ocean Voyager one well plus option mid April 2001 mid July 2001 - ---------------------------------------------------------------------------------------------- Ocean Yatzy five-year term early November 1998 early November 2003 plus option - ---------------------------------------------------------------------------------------------- Ocean Worker four-year term mid January 1998 mid January 2002 plus option - ---------------------------------------------------------------------------------------------- Ocean Quest one well plus option mid June 2001 early July 2001 - ---------------------------------------------------------------------------------------------- Ocean Winner two-year term early May 1999 late June 2001 - ---------------------------------------------------------------------------------------------- 2 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ---------------------------------------------------------------------------------------------- Ocean Star six month term late April 2001 late October 2001 plus option - ---------------------------------------------------------------------------------------------- Ocean Victory 180-day term late March 2001 mid October 2001 plus option - ---------------------------------------------------------------------------------------------- Ocean America one well assignment early April 2001 late August 2001 from BP - ---------------------------------------------------------------------------------------------- Ocean Valiant 810 day term late April 2001 late December 2001 - ---------------------------------------------------------------------------------------------- Ocean Alliance three-year term early September 2000 early September 2003 - ---------------------------------------------------------------------------------------------- Ocean Baroness - - February 2002 - ---------------------------------------------------------------------------------------------- Ocean Confidence five-year term early January 2001 early January 2006 - ---------------------------------------------------------------------------------------------- Ocean Clipper three-year term mid January 2000 mid January 2003 - ---------------------------------------------------------------------------------------------- NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico ** TABLE CONTINUED... ** 3 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------ Ocean Crusader lower 40's available - ------------------------------------------------------------------------------------------ Ocean Drake lower 40's available - ------------------------------------------------------------------------------------------ Ocean Champion upper 30's available - ------------------------------------------------------------------------------------------ Ocean Columbia lower 40's three month extension plus option with BP in lower 50's ending mid October 2001 - ------------------------------------------------------------------------------------------ Ocean Spartan upper 40's available - ------------------------------------------------------------------------------------------ Ocean Spur upper 40's available - ------------------------------------------------------------------------------------------ Ocean Sovereign lower 30's shipyard repairs beginning mid December 2000 and ending mid September 2001 - ------------------------------------------------------------------------------------------ Ocean Heritage mid 30's available - ------------------------------------------------------------------------------------------ Ocean King lower 50's available - ------------------------------------------------------------------------------------------ Ocean Nugget lower 50's available - ------------------------------------------------------------------------------------------ Ocean Summit - shipyard for spud can inspection ending early August 2001 - ------------------------------------------------------------------------------------------ Ocean Warwick lower 50's 90 day extension plus option with BP in upper 50's ending early October 2001 - ------------------------------------------------------------------------------------------ Ocean Titan mid 40's followed by one well plus option with Dominion in lower 50's ending early November 2001 - ------------------------------------------------------------------------------------------ Ocean Tower lower 40's one well extension plus option with Spinnaker in mid 40's ending early August 2001 - ------------------------------------------------------------------------------------------ Ocean Liberator - available - ------------------------------------------------------------------------------------------ Ocean Century - - - ------------------------------------------------------------------------------------------ Ocean Ambassador mid 50's available - ------------------------------------------------------------------------------------------ Ocean Nomad mid 70's one well with Shell in lower 70's ending late August 2001; followed by one well plus two options with Veba in mid 60's ending late October 2001 - ------------------------------------------------------------------------------------------ 1 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------ Ocean New Era lower 40's one well plus optin with Texaco J.I.P. in mid 50's ending early October 2001 - ------------------------------------------------------------------------------------------ Ocean Bounty lower 80's available - ------------------------------------------------------------------------------------------ Ocean Guardian lower 70's available - ------------------------------------------------------------------------------------------ Ocean Princess lower 40's three month term plus options with Talisman in high 60's ending late November 2001. - ------------------------------------------------------------------------------------------ Ocean Whittington mid 30's modification and mobe period with ExxonMobil in mid 30's ending early July 2001, followed by one well with ExxonMobil in lower 60's ending mid August 2001 - ------------------------------------------------------------------------------------------ Ocean Epoch lower 60's second option well well with CACT in lower 60's ending mid August 2001 - ------------------------------------------------------------------------------------------ Ocean General lower 80's available - ------------------------------------------------------------------------------------------ Ocean Prospector - - - ------------------------------------------------------------------------------------------ Ocean Endeavor lower 40's available - ------------------------------------------------------------------------------------------ Ocean Rover - - - ------------------------------------------------------------------------------------------ Ocean Concord lower 40's one well plus option in mid 50's ending late July 2001 - ------------------------------------------------------------------------------------------ Ocean Lexington upper 40's available - ------------------------------------------------------------------------------------------ Ocean Saratoga mid 40's one well plus option with Walter in upper 40's ending early August 2001 - ------------------------------------------------------------------------------------------ Ocean Yorktown lower 60's Committed for 16 well development ending early August 2003 - ------------------------------------------------------------------------------------------ Ocean Voyager lower 50's available - ------------------------------------------------------------------------------------------ Ocean Yatzy 120's available - ------------------------------------------------------------------------------------------ Ocean Worker 120's available - ------------------------------------------------------------------------------------------ Ocean Quest lower 90's available - ------------------------------------------------------------------------------------------ Ocean Winner lower 80's contracted for 18 month extension with Petrobras in lower 80's ending late October 2002 - ------------------------------------------------------------------------------------------ 2 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------ Ocean Star 100's available - ------------------------------------------------------------------------------------------ Ocean Victory 110's available - ------------------------------------------------------------------------------------------ Ocean America 110's available - ------------------------------------------------------------------------------------------ Ocean Valiant 120's available - ------------------------------------------------------------------------------------------ Ocean Alliance 110's available - ------------------------------------------------------------------------------------------ Ocean Baroness - available - ------------------------------------------------------------------------------------------ Ocean Confidence 170's available - ------------------------------------------------------------------------------------------ Ocean Clipper lower 90's available - ------------------------------------------------------------------------------------------ NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico 3