Exhibit 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF OCTOBER 14, 2002 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - --------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted Walter Oil & Gas - --------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted ChevronTexaco - --------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Cold Stacked - - --------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg Cantilever GOM Contracted Spinnaker - --------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Cantilever Indonesia Contracted CNOOC - --------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Cantilever Singapore Shipyard for water-depth - upgrade - --------------------------------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg Cantilever GOM Shipyard for water-depth - upgrade - --------------------------------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg Cantilever GOM Shipyard for water-depth - upgrade - --------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg Cantilever GOM Contracted BP - --------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg Cantilever GOM Contracted Pogo Producing - --------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg Cantilever GOM Contracted EOG Resources - --------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg Cantilever GOM Contracted BP - --------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Contracted Walter Oil & Gas - --------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg Cantilever GOM Shipyard for cantilever - upgrade - --------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 S. Africa Under tow - - --------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked - - --------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted El Paso - --------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Contracted Agip - --------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Stacked - - --------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted Shell - --------------------------------------------------------------------------------------------------------------- 1 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - --------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco North Sea Contracted Shell 711 Series - --------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Shipyard - - --------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Ghana Idle - - --------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut Vietnam Contracted BP - --------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Vietnam Contracted PetroVietnam - --------------------------------------------------------------------------------------------------------------- Ocean Prospector 1,700' Victory Class GOM Cold Stacked - - --------------------------------------------------------------------------------------------------------------- Ocean Endeavor 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 LLOG - --------------------------------------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted Taylor Energy - --------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Enterprise - --------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Cold Stacked - - --------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras - --------------------------------------------------------------------------------------------------------------- Ocean Worker 3,500' F&G 9500 Enhanced Pacesetter GOM Contracted Amerada Hess - --------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Shipyard for special - survey - --------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras - --------------------------------------------------------------------------------------------------------------- Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras - --------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted Kerr McGee - --------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Shipyard for special - survey - --------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Stacked - - --------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Murphy - --------------------------------------------------------------------------------------------------------------- 2 RATED WATER RIG NAME DEPTH DESIGN LOCATION STATUS OPERATOR - --------------------------------------------------------------------------------------------------------------- Ocean Baroness 7,000' Victory Class Malaysia Contracted Murphy - --------------------------------------------------------------------------------------------------------------- Ocean Rover 7,000' 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 3 ** TABLE CONTINUED... ** RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - --------------------------------------------------------------------------------------------- Ocean Crusader one well late September 2002 late October 2002 - --------------------------------------------------------------------------------------------- Ocean Drake one well plus option mid September 2002 late October 2002 - --------------------------------------------------------------------------------------------- Ocean Champion - early August 2001 - - --------------------------------------------------------------------------------------------- Ocean Columbia one well plus option mid September 2002 late October 2002 - --------------------------------------------------------------------------------------------- Ocean Sovereign first two months of Ocean mid October 2002 mid December 2002 Heritage contract - see Ocean Heritage below - --------------------------------------------------------------------------------------------- Ocean Heritage - late June 2002 mid December 2002 - --------------------------------------------------------------------------------------------- Ocean Spartan - early April 2002 mid October 2002 - --------------------------------------------------------------------------------------------- Ocean Spur - mid April 2002 mid November 2002 - --------------------------------------------------------------------------------------------- Ocean King 90-day extension plus early August 2002 mid December 2002 option - --------------------------------------------------------------------------------------------- Ocean Nugget third of three wells plus late July 2002 early November 2002 option - --------------------------------------------------------------------------------------------- Ocean Summit one well plus option early September 2002 late October 2002 - --------------------------------------------------------------------------------------------- Ocean Warwick one year early January 2002 late December 2002 - --------------------------------------------------------------------------------------------- Ocean Titan one well plus option early October 2002 early January 2003 - --------------------------------------------------------------------------------------------- Ocean Tower - mid August 2002 mid February 2003 - --------------------------------------------------------------------------------------------- Ocean Liberator - late September 2002 early November 2002 - --------------------------------------------------------------------------------------------- Ocean Century - 1998 - - --------------------------------------------------------------------------------------------- Ocean Ambassador one well plus option mid August 2002 early November 2002 - --------------------------------------------------------------------------------------------- Ocean Nomad one well plus two one well mid October 2002 mid December 2002 options - --------------------------------------------------------------------------------------------- Ocean New Era - late October 2001 - - --------------------------------------------------------------------------------------------- Ocean Bounty mobe to New Zealand mid October 2002 late October 2002 - --------------------------------------------------------------------------------------------- 1 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - --------------------------------------------------------------------------------------------- Ocean Guardian five wells plus option early February 2002 early December 2002 - --------------------------------------------------------------------------------------------- Ocean Princess anchor winch repairs early October 2002 late October 2002 - --------------------------------------------------------------------------------------------- Ocean Whittington - late September 2002 - - --------------------------------------------------------------------------------------------- Ocean Epoch five wells plus demobe early December 2001 mid November 2002 - --------------------------------------------------------------------------------------------- Ocean General two well program plus mid May 2002 early December 2002 options plus demobe - --------------------------------------------------------------------------------------------- Ocean Prospector - 1998 - - --------------------------------------------------------------------------------------------- Ocean Endeavor - early March 2002 - - --------------------------------------------------------------------------------------------- Ocean Concord - early October 2002 late October 2002 - --------------------------------------------------------------------------------------------- Ocean Lexington one well mid September 2002 mid October 2002 - --------------------------------------------------------------------------------------------- Ocean Saratoga one well plus option early September 2002 mid October 2002 - --------------------------------------------------------------------------------------------- Ocean Yorktown 15-well development plus mid September 2001 late July 2003 options - --------------------------------------------------------------------------------------------- Ocean Voyager - early March 2002 - - --------------------------------------------------------------------------------------------- Ocean Yatzy five-year term plus early November 1998 early November 2003 option - --------------------------------------------------------------------------------------------- Ocean Worker one well plus option mid September 2002 early November 2002 - --------------------------------------------------------------------------------------------- Ocean Quest - late August 2002 mid October 2002 - --------------------------------------------------------------------------------------------- Ocean Winner 18-month extension early July 2001 early November 2002 - --------------------------------------------------------------------------------------------- Ocean Alliance four-year contract early September 2000 early September 2004 - --------------------------------------------------------------------------------------------- Ocean Star two wells mid September 2002 mid November 2002 - --------------------------------------------------------------------------------------------- Ocean Victory - mid August 2002 mid October 2002 - --------------------------------------------------------------------------------------------- Ocean America - mid August 2002 mid October 2002 - --------------------------------------------------------------------------------------------- Ocean Valiant seven month term plus early September 2002 mid April 2003 option - --------------------------------------------------------------------------------------------- 2 RIG NAME CURRENT TERM START DATE ESTIMATED END DATE - --------------------------------------------------------------------------------------------- Ocean Baroness fifth well early October 2002 late November 2002 - --------------------------------------------------------------------------------------------- Ocean Rover - early January 2002 third quarter 2003 - --------------------------------------------------------------------------------------------- Ocean Confidence five-year term early January 2001 early January 2006 - --------------------------------------------------------------------------------------------- Ocean Clipper three-year term mid January 2000 early 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 high teens two wells with Walter in the lower 20's ending early December 2002. - ---------------------------------------------------------------------------------------- Ocean Drake lower 20's available. - ---------------------------------------------------------------------------------------- Ocean Champion - - - ---------------------------------------------------------------------------------------- Ocean Columbia lower 20's available. - ---------------------------------------------------------------------------------------- Ocean Sovereign upper 40's Singapore shipyard for leg upgrade ending late April 2003. - ---------------------------------------------------------------------------------------- Ocean Heritage - twelve-month term program with CNOOC in upper 40's ending mid October 2003. Heritage assumes last ten months after Sovereign has completed the first two months of contract. - ---------------------------------------------------------------------------------------- Ocean Spartan - available. - ---------------------------------------------------------------------------------------- Ocean Spur - available. - ---------------------------------------------------------------------------------------- Ocean King upper 20's available. - ---------------------------------------------------------------------------------------- Ocean Nugget upper teens available. - ---------------------------------------------------------------------------------------- Ocean Summit upper 20's available. - ---------------------------------------------------------------------------------------- Ocean Warwick upper 20's available. - ---------------------------------------------------------------------------------------- Ocean Titan lower 20's available. - ---------------------------------------------------------------------------------------- Ocean Tower - available. - ---------------------------------------------------------------------------------------- Ocean Liberator - under tow to S. Africa for cold stacking. - ---------------------------------------------------------------------------------------- Ocean Century - - - ---------------------------------------------------------------------------------------- Ocean Ambassador lower 40's available. - ---------------------------------------------------------------------------------------- Ocean Nomad lower 40's available. - ---------------------------------------------------------------------------------------- Ocean New Era - available. - ---------------------------------------------------------------------------------------- Ocean Bounty lower 80's one well plus option with Shell in upper 70's ending early December 2002. - ---------------------------------------------------------------------------------------- 1 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ---------------------------------------------------------------------------------------- Ocean Guardian lower 90's special survey upon completion of contract ending late December 2002, then available. - ---------------------------------------------------------------------------------------- Ocean Princess - available. - ---------------------------------------------------------------------------------------- Ocean Whittington - available. - ---------------------------------------------------------------------------------------- Ocean Epoch lower 70's available. - ---------------------------------------------------------------------------------------- Ocean General mid 60's available. - ---------------------------------------------------------------------------------------- Ocean Prospector - - - ---------------------------------------------------------------------------------------- Ocean Endeavor - - - ---------------------------------------------------------------------------------------- Ocean Concord upper 30's available. - ---------------------------------------------------------------------------------------- Ocean Lexington mid 30's available. - ---------------------------------------------------------------------------------------- Ocean Saratoga mid 30's available. - ---------------------------------------------------------------------------------------- Ocean Yorktown lower 60's available. - ---------------------------------------------------------------------------------------- Ocean Voyager - - - ---------------------------------------------------------------------------------------- Ocean Yatzy 120's available. - ---------------------------------------------------------------------------------------- Ocean Worker lower 40's available. - ---------------------------------------------------------------------------------------- Ocean Quest - one well plus option with Kerr McGee in lower 60's beginning early November 2002 and ending mid December 2002. - ---------------------------------------------------------------------------------------- Ocean Winner lower 80's one year extension in lower 60's with Petrobras ending early November 2003. - ---------------------------------------------------------------------------------------- Ocean Alliance 110's available. - ---------------------------------------------------------------------------------------- Ocean Star upper 80's nine month term work with Kerr McGee in mid 80's ending mid August 2003. - ---------------------------------------------------------------------------------------- Ocean Victory - one well with Maxus in mid 60's ending mid November 2002. - ---------------------------------------------------------------------------------------- Ocean America - one well plus option with Ocean Energy in upper 60's ending mid January 2003. - ---------------------------------------------------------------------------------------- Ocean Valiant lower 80's available. - ---------------------------------------------------------------------------------------- 2 DAYRATE RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION - ---------------------------------------------------------------------------------------- Ocean Baroness 120's demobe with Murphy in 170's ending early December 2002. - ---------------------------------------------------------------------------------------- Ocean Rover - available. - ---------------------------------------------------------------------------------------- Ocean Confidence 170's available. - ---------------------------------------------------------------------------------------- Ocean Clipper lower 90's shipyard for 30 days beginning mid October 2002; one year extension in 100's with Petrobras ending early January 2004. - ---------------------------------------------------------------------------------------- NOTES: DOTS = Diamond Offshore Team Solutions, Inc. GOM = Gulf of Mexico 3 ** TABLE COMPLETE **