EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF SEPTEMBER 10, 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 Shipyard - - ----------------------------------------------------------------------------------------------------------------- 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 Standby/Actively - Marketing - ----------------------------------------------------------------------------------------------------------------- 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 Devon - ----------------------------------------------------------------------------------------------------------------- 1 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ----------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Contracted Veba - ----------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Contracted Texaco JIP - ----------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted Woodside - ----------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco North Sea Contracted Shell 711 Series - ----------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman - ----------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Brazil Shipyard - - ----------------------------------------------------------------------------------------------------------------- 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 Samedan - ----------------------------------------------------------------------------------------------------------------- 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 Pogo Producing - ----------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Enterprise - ----------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Contracted Spinnaker - ----------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------- 2 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - ----------------------------------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced GOM Contracted Shell Pacesetter - ----------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted BHP - ----------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras - ----------------------------------------------------------------------------------------------------------------- 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 Rover 6,500' Victory Class GOM 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 3 ** TABLE CONTINUED ** RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------- Ocean Crusader two workovers early August 2001 mid September 2001 - ------------------------------------------------------------------------------------------------- Ocean Drake six month extension late March 2001 late October 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Champion - early August 2001 mid October 2001 - ------------------------------------------------------------------------------------------------- Ocean Columbia term contract late July 2001 mid September 2001 - ------------------------------------------------------------------------------------------------- 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 mid October 2002 - ------------------------------------------------------------------------------------------------- Ocean Heritage one-year term late January 2001 late January 2002 - ------------------------------------------------------------------------------------------------- Ocean King 90 day term late May 2001 mid September 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Nugget - early September 2001 - - ------------------------------------------------------------------------------------------------- Ocean Summit - mid June 2001 late September 2001 - ------------------------------------------------------------------------------------------------- Ocean Warwick 90 day extension mid July 2001 early October 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Titan one-well mid May 2001 late September 2001 - ------------------------------------------------------------------------------------------------- Ocean Tower one well plus option early August 2001 early October 2001 - ------------------------------------------------------------------------------------------------- Ocean Liberator - - - - ------------------------------------------------------------------------------------------------- Ocean Century - - - - ------------------------------------------------------------------------------------------------- Ocean Ambassador one well late July 2001 mid September 2001 - ------------------------------------------------------------------------------------------------- 1 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------- Ocean Nomad one well early August 2001 mid October 2001 - ------------------------------------------------------------------------------------------------- Ocean New Era one well (mud lift JIP) early August 2001 mid October 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Bounty two wells early March 2001 mid September 2001 - ------------------------------------------------------------------------------------------------- Ocean Guardian nine months plus option mid May 2001 mid February 2002 - ------------------------------------------------------------------------------------------------- Ocean Princess three month term early September 2001 early December 2001 - ------------------------------------------------------------------------------------------------- Ocean Whittington - early September 2001 early October 2001 - ------------------------------------------------------------------------------------------------- Ocean Epoch second option well early August 2001 early October 2001 - ------------------------------------------------------------------------------------------------- Ocean General 200-day term contract mid February 2001 late September 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Prospector - - - - ------------------------------------------------------------------------------------------------- Ocean Endeavor one well early September 2001 late September 2001 - ------------------------------------------------------------------------------------------------- Ocean Concord one well early August 2001 mid September 2001 - ------------------------------------------------------------------------------------------------- Ocean Lexington nine month term early June 2001 early March 2002 - ------------------------------------------------------------------------------------------------- Ocean Saratoga two wells mid August 2001 mid October 2001 - ------------------------------------------------------------------------------------------------- Ocean Yorktown 16 well development early September 2001 early September 2003 - ------------------------------------------------------------------------------------------------- Ocean Voyager one well mid July 2001 mid September 2001 - ------------------------------------------------------------------------------------------------- Ocean Yatzy five-year term early November 1998 early November 2003 plus option - ------------------------------------------------------------------------------------------------- 2 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - ------------------------------------------------------------------------------------------------- Ocean Worker four-year term mid January 1998 mid January 2002 plus option - ------------------------------------------------------------------------------------------------- Ocean Quest one well mid August 2001 late October 2001 - ------------------------------------------------------------------------------------------------- Ocean Winner 18-month extension early July 2001 late October 2002 - ------------------------------------------------------------------------------------------------- Ocean Star six month term late April 2001 late October 2001 plus option - ------------------------------------------------------------------------------------------------- Ocean Victory 180-day term late March 2001 mid October 2001 - ------------------------------------------------------------------------------------------------- Ocean America one well assignment early April 2001 late November 2001 from BP - ------------------------------------------------------------------------------------------------- Ocean Valiant 810 day term late April 2001 early December 2001 - ------------------------------------------------------------------------------------------------- Ocean Alliance three-year term early September 2000 early September 2003 - ------------------------------------------------------------------------------------------------- Ocean Baroness - - February 2002 - ------------------------------------------------------------------------------------------------- Ocean Rover - - Second Quarter 2003 - ------------------------------------------------------------------------------------------------- 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 3 ** TABLE CONTINUED ** DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - --------------------------------------------------------------------------------------------- Ocean Crusader lower 30's shipyard for scheduled survey ending mid November 2001. - --------------------------------------------------------------------------------------------- Ocean Drake lower 40's available - --------------------------------------------------------------------------------------------- Ocean Champion - Inspection and repair - --------------------------------------------------------------------------------------------- Ocean Columbia lower 40's available - --------------------------------------------------------------------------------------------- Ocean Spartan upper 40's available - --------------------------------------------------------------------------------------------- Ocean Spur upper 40's available - --------------------------------------------------------------------------------------------- Ocean Sovereign lower 30's available - --------------------------------------------------------------------------------------------- Ocean Heritage mid 30's available - --------------------------------------------------------------------------------------------- Ocean King lower 50's one well plus option with BP in mid 50's ending early December 2001. - --------------------------------------------------------------------------------------------- Ocean Nugget - available - --------------------------------------------------------------------------------------------- Ocean Summit - available - --------------------------------------------------------------------------------------------- Ocean Warwick upper 50's available - --------------------------------------------------------------------------------------------- Ocean Titan mid 40's followed by one well plus option with Dominion in lower 50's ending late November 2001 - --------------------------------------------------------------------------------------------- Ocean Tower mid 40's available - --------------------------------------------------------------------------------------------- Ocean Liberator - available - --------------------------------------------------------------------------------------------- Ocean Century - - - --------------------------------------------------------------------------------------------- Ocean Ambassador lower 50's available - --------------------------------------------------------------------------------------------- 1 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - --------------------------------------------------------------------------------------------- Ocean Nomad mid 60's one well with Shell in lower 70's ending mid November 2001; followed by two wells with Veba in lower 70's ending mid February 2002. - --------------------------------------------------------------------------------------------- Ocean New Era mid 50's available - --------------------------------------------------------------------------------------------- Ocean Bounty lower 80's second of two wells with Woodside in lower 90's ending mid October 2001, followed by demobe in lower 80's through early December 2001. - --------------------------------------------------------------------------------------------- Ocean Guardian lower 70's available - --------------------------------------------------------------------------------------------- Ocean Princess upper 60's three month option plus option with Talisman in upper 70's ending early March 2002. - --------------------------------------------------------------------------------------------- Ocean Whittington - survey ending early October 2001, followed by one well plus option with Devon in lower 60's ending early November 2001. - --------------------------------------------------------------------------------------------- Ocean Epoch lower 60's available - --------------------------------------------------------------------------------------------- Ocean General lower 80's four wells plus 1 abandonment with OMV in mid 90's ending late January 2002 - --------------------------------------------------------------------------------------------- Ocean Prospector - - - --------------------------------------------------------------------------------------------- Ocean Endeavor upper 40's available - --------------------------------------------------------------------------------------------- Ocean Concord mid 50's one well plus option with Walter in mid 40's ending mid October 2001 - --------------------------------------------------------------------------------------------- Ocean Lexington upper 40's available - --------------------------------------------------------------------------------------------- Ocean Saratoga mid 50's available - --------------------------------------------------------------------------------------------- Ocean Yorktown lower 60's available - --------------------------------------------------------------------------------------------- Ocean Voyager mid 40's one well plus option with Westport in mid 40's ending late October 2001. - --------------------------------------------------------------------------------------------- Ocean Yatzy 120's available - --------------------------------------------------------------------------------------------- 2 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - --------------------------------------------------------------------------------------------- Ocean Worker 120's available - --------------------------------------------------------------------------------------------- Ocean Quest lower 90's available - --------------------------------------------------------------------------------------------- Ocean Winner lower 80's available - --------------------------------------------------------------------------------------------- Ocean Star 100's available - --------------------------------------------------------------------------------------------- Ocean Victory 110's three month extension with BP in 120's ending mid January 2002. - --------------------------------------------------------------------------------------------- Ocean America 110's available - --------------------------------------------------------------------------------------------- Ocean Valiant 120's available - --------------------------------------------------------------------------------------------- Ocean Alliance 110's available - --------------------------------------------------------------------------------------------- Ocean Baroness - available - --------------------------------------------------------------------------------------------- Ocean Rover - available - --------------------------------------------------------------------------------------------- Ocean Confidence 170's available - --------------------------------------------------------------------------------------------- Ocean Clipper lower 90's available - --------------------------------------------------------------------------------------------- NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico 3