Exhibit 99.1
DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF
MAY 12, 2003
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 GOM Contracted Noble Energy
Cantilever
- ----------------------------------------------------------------------------------------------------------------
Ocean Sovereign 250' Independent Leg Indonesia Shipyard -
Cantilever
- ----------------------------------------------------------------------------------------------------------------
Ocean Heritage 300' Independent Leg Indonesia Contracted CNOOC
Cantilever
- ----------------------------------------------------------------------------------------------------------------
Ocean Spartan 300' Independent Leg GOM Contracted Noble Energy
Cantilever
- ----------------------------------------------------------------------------------------------------------------
Ocean Spur 300' Independent Leg GOM Contracted Hunt Petroleum
Cantilever
- ----------------------------------------------------------------------------------------------------------------
Ocean King 300' Independent Leg GOM Contracted BP America
Cantilever
- ----------------------------------------------------------------------------------------------------------------
Ocean Nugget 300' Independent Leg GOM Contracted Taylor Energy
Cantilever
- ----------------------------------------------------------------------------------------------------------------
Ocean Summit 300' Independent Leg GOM Equipment upgrade -
Cantilever
- ----------------------------------------------------------------------------------------------------------------
Ocean Warwick 300' Independent Leg GOM Shipyard--Special -
Cantilever Survey
- ----------------------------------------------------------------------------------------------------------------
Ocean Titan 350' Independent Leg Slot GOM Contracted Walter Oil & Gas
- ----------------------------------------------------------------------------------------------------------------
Ocean Tower 350' Independent Leg GOM Shipyard for cantilever -
Cantilever upgrade
- ----------------------------------------------------------------------------------------------------------------
Ocean Liberator 600' Aker H-3 S. Africa Cold Stacked -
- ----------------------------------------------------------------------------------------------------------------
Ocean Century 800' Korkut GOM Cold Stacked -
- ----------------------------------------------------------------------------------------------------------------
Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Idle -
- ----------------------------------------------------------------------------------------------------------------
Ocean Nomad 1,200' Aker H-3 North Sea Special Survey -
- ----------------------------------------------------------------------------------------------------------------
Ocean New Era 1,500' Korkut GOM Cold Stacked -
- ----------------------------------------------------------------------------------------------------------------
Ocean Bounty 1,500' Victory Class Australia Shipyard--Special -
Survey
- ----------------------------------------------------------------------------------------------------------------
Ocean Guardian 1,500' Earl & Wright Sedco North Sea Contracted Shell
711 Series
- ----------------------------------------------------------------------------------------------------------------
1
RATED
WATER
RIG NAME DEPTH DESIGN LOCATION STATUS* OPERATOR
- ----------------------------------------------------------------------------------------------------------------
Ocean Princess 1,500' Aker H-3 North Sea Contracted EDC
- ----------------------------------------------------------------------------------------------------------------
Ocean Whittington 1,500' Aker H-3 Ghana Idle -
- ----------------------------------------------------------------------------------------------------------------
Ocean Vanguard 1,500' Bingo 3000 North Sea Contracted Norsk Hydro
- ----------------------------------------------------------------------------------------------------------------
Ocean Patriot 1,500' Bingo 3000 South Africa Contracted Pioneer
- ----------------------------------------------------------------------------------------------------------------
Ocean Epoch 1,640' Korkut Australia Idle -
- ----------------------------------------------------------------------------------------------------------------
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 Walter Oil & Gas
- ----------------------------------------------------------------------------------------------------------------
Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Walter Oil & Gas
- ----------------------------------------------------------------------------------------------------------------
Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted Devon
- ----------------------------------------------------------------------------------------------------------------
Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Shell
- ----------------------------------------------------------------------------------------------------------------
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 GOM Contracted LLOG
Pacesetter
- ----------------------------------------------------------------------------------------------------------------
Ocean Quest 3,500' Victory Class GOM Contracted Murphy
- ----------------------------------------------------------------------------------------------------------------
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 Contracted Kerr McGee
- ----------------------------------------------------------------------------------------------------------------
Ocean America 5,500' Ocean Odyssey GOM Contracted Devon
- ----------------------------------------------------------------------------------------------------------------
Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Devon
- ----------------------------------------------------------------------------------------------------------------
Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal
- ----------------------------------------------------------------------------------------------------------------
Ocean Rover 7,000' Victory Class Singapore Shipyard Upgrade -
- ----------------------------------------------------------------------------------------------------------------
2
RATED
WATER
RIG NAME DEPTH DESIGN LOCATION STATUS* OPERATOR
- ----------------------------------------------------------------------------------------------------------------
Ocean Confidence 7,500' DP Aker H-3.2 Modified GOM Contracted BP
- ----------------------------------------------------------------------------------------------------------------
Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras
- ----------------------------------------------------------------------------------------------------------------
NOTES:
* ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL
EQUIPMENT REPAIR DOWNTIME
DOTS = Diamond Offshore Team Solutions, Inc.
GOM = Gulf of Mexico
** TABLE CONTINUED... **
3
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE
- ----------------------------------------------------------------------------------------------
Ocean Crusader second of two wells early March 2003 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean Drake 12 months late August 2002 late August 2003
- ----------------------------------------------------------------------------------------------
Ocean Champion - - -
- ----------------------------------------------------------------------------------------------
Ocean Columbia one well plus option mid April 2003 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean Sovereign - mid January 2003 late May 2003
- ----------------------------------------------------------------------------------------------
Ocean Heritage 12 month term program late December 2002 mid September 2003
- ----------------------------------------------------------------------------------------------
Ocean Spartan one well plus option mid May 2003 mid July 2003
- ----------------------------------------------------------------------------------------------
Ocean Spur one well plus option mid April 2003 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean King 60-day extension early April 2003 mid July 2003
- ----------------------------------------------------------------------------------------------
Ocean Nugget fourth of seven well option mid March 2003 mid September 2003
- ----------------------------------------------------------------------------------------------
Ocean Summit - early April 2003 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean Warwick 60-day extension mid April 2003 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean Titan one well early October 2002 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean Tower - mid August 2002 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean Liberator - - -
- ----------------------------------------------------------------------------------------------
Ocean Century - - -
- ----------------------------------------------------------------------------------------------
Ocean Ambassador - late February 2003 -
- ----------------------------------------------------------------------------------------------
Ocean Nomad - late January 2003 -
- ----------------------------------------------------------------------------------------------
Ocean New Era - - -
- ----------------------------------------------------------------------------------------------
Ocean Bounty - late March 2003 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean Guardian one year plus one year early April 2003 late March 2004
option
- ----------------------------------------------------------------------------------------------
1
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE
- ----------------------------------------------------------------------------------------------
Ocean Princess One well mid April 2003 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean Whittington - late September 2002 -
- ----------------------------------------------------------------------------------------------
Ocean Vanguard Bareboat charter early January 2003 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean Patriot two wells plus option early April 2003 early June 2003
- ----------------------------------------------------------------------------------------------
Ocean Epoch - early February 2003 -
- ----------------------------------------------------------------------------------------------
Ocean General First of two option early February 2003 mid May 2003
wells plus demobe
- ----------------------------------------------------------------------------------------------
Ocean Prospector - - -
- ----------------------------------------------------------------------------------------------
Ocean Endeavor - - -
- ----------------------------------------------------------------------------------------------
Ocean Concord one well plus option late April 2003 mid June 2003
- ----------------------------------------------------------------------------------------------
Ocean Lexington two wells plus option early May 2003 early June 2003
- ----------------------------------------------------------------------------------------------
Ocean Saratoga one well plus option mid May 2003 mid June 2003
- ----------------------------------------------------------------------------------------------
Ocean Yorktown 15-well development plus mid September 2001 late June 2003
options
- ----------------------------------------------------------------------------------------------
Ocean Voyager - - -
- ----------------------------------------------------------------------------------------------
Ocean Yatzy five-year term plus early November 1998 early November 2003
option
- ----------------------------------------------------------------------------------------------
Ocean Worker one well plus option late April 2003 early July 2003
- ----------------------------------------------------------------------------------------------
Ocean Quest Swap to complete Valiant early January 2003 mid June 2003
contract
- ----------------------------------------------------------------------------------------------
Ocean Winner one year extension early November 2002 early November 2003
- ----------------------------------------------------------------------------------------------
Ocean Alliance four-year contract early September 2000 early September 2004
- ----------------------------------------------------------------------------------------------
Ocean Star nine month term work early March 2003 mid September 2003
- ----------------------------------------------------------------------------------------------
Ocean Victory one well plus option mid February 2003 mid May 2003
- ----------------------------------------------------------------------------------------------
Ocean America one well mid October 2002 early June 2003
- ----------------------------------------------------------------------------------------------
Ocean Valiant one well late April 2003 mid June 2003
- ----------------------------------------------------------------------------------------------
Ocean Baroness 400 days plus option late March 2003 early May 2004
- ----------------------------------------------------------------------------------------------
Ocean Rover - early January 2002 -
- ----------------------------------------------------------------------------------------------
2
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE
- ----------------------------------------------------------------------------------------------
Ocean Confidence five-year term early January 2001 early January 2006
- ----------------------------------------------------------------------------------------------
Ocean Clipper one-year extension mid February 2003 early January 2004
- ----------------------------------------------------------------------------------------------
NOTES:
* ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL
EQUIPMENT REPAIR DOWNTIME
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 low 20's Two additional wells plus option with Walter in
lower 20's ending mid August 2003.
- ------------------------------------------------------------------------------------------
Ocean Drake high teens Rig currently scheduled for 30-day downtime for
survey beginning late 2nd Qtr.-early 3rd Qtr.
- ------------------------------------------------------------------------------------------
Ocean Champion - Cold Stacked Feb. '02
- ------------------------------------------------------------------------------------------
Ocean Columbia low 20's One well plus option with Noble in mid 20's ending
mid June 2003
- ------------------------------------------------------------------------------------------
Ocean Sovereign - In shipyard for water depth upgrade
- ------------------------------------------------------------------------------------------
Ocean Heritage upper 40's available.
- ------------------------------------------------------------------------------------------
Ocean Spartan low 20's available.
- ------------------------------------------------------------------------------------------
Ocean Spur low 20's available.
- ------------------------------------------------------------------------------------------
Ocean King mid 20's available
- ------------------------------------------------------------------------------------------
Ocean Nugget mid 20's available.
- ------------------------------------------------------------------------------------------
Ocean Summit - Top Drive Installation
- ------------------------------------------------------------------------------------------
Ocean Warwick - Contract with BP thru late July 2003 in mid 20's
following survey.
- ------------------------------------------------------------------------------------------
Ocean Titan low 20's Cantilever upgrade ending mid November 2003.
- ------------------------------------------------------------------------------------------
Ocean Tower - Two wells with Ridgelake Energy beginning mid May
in upper 20's ending early July 2003.
- ------------------------------------------------------------------------------------------
Ocean Liberator - Cold stacked Nov. '02
- ------------------------------------------------------------------------------------------
Ocean Century - Cold stacked July '98
- ------------------------------------------------------------------------------------------
Ocean Ambassador - available.
- ------------------------------------------------------------------------------------------
Ocean Nomad - Special survey ending mid June 2003.
- ------------------------------------------------------------------------------------------
Ocean New Era - Cold stacked Dec. '02
- ------------------------------------------------------------------------------------------
Ocean Bounty - Three plus two well program with Inpex in Australia
in lower 70's beginning mid June and ending early
December 2003.
- ------------------------------------------------------------------------------------------
Ocean Guardian low 50's available
- ------------------------------------------------------------------------------------------
1
DAYRATE
RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION
- ------------------------------------------------------------------------------------------
Ocean Princess low 40's available
- ------------------------------------------------------------------------------------------
Ocean Whittington - available.
- ------------------------------------------------------------------------------------------
Ocean Vanguard low 10's available.
- ------------------------------------------------------------------------------------------
Ocean Patriot upper 50's available.
- ------------------------------------------------------------------------------------------
Ocean Epoch - available.
- ------------------------------------------------------------------------------------------
Ocean General upper 50's available.
- ------------------------------------------------------------------------------------------
Ocean Prospector - Cold stacked Oct. '99
- ------------------------------------------------------------------------------------------
Ocean Endeavor - Cold stacked March '02
- ------------------------------------------------------------------------------------------
Ocean Concord upper 30's available
- ------------------------------------------------------------------------------------------
Ocean Lexington upper 30's available
- ------------------------------------------------------------------------------------------
Ocean Saratoga low 40's available.
- ------------------------------------------------------------------------------------------
Ocean Yorktown low 60's available.
- ------------------------------------------------------------------------------------------
Ocean Voyager - Cold stacked March '02
- ------------------------------------------------------------------------------------------
Ocean Yatzy 120's available.
- ------------------------------------------------------------------------------------------
Ocean Worker mid 40's available
- ------------------------------------------------------------------------------------------
Ocean Quest low 80's available.
- ------------------------------------------------------------------------------------------
Ocean Winner low 60's Scheduled for survey in 3rd Qtr. Estimated downtime
60 days.
- ------------------------------------------------------------------------------------------
Ocean Alliance 110's Scheduled for survey in 4th Qtr. Estimated downtime
60 days.
- ------------------------------------------------------------------------------------------
Ocean Star mid 80's available.
- ------------------------------------------------------------------------------------------
Ocean Victory mid 70's available.
- ------------------------------------------------------------------------------------------
Ocean America upper 60's available
- ------------------------------------------------------------------------------------------
Ocean Valiant upper 50's available.
- ------------------------------------------------------------------------------------------
Ocean Baroness 110's available.
- ------------------------------------------------------------------------------------------
Ocean Rover - Upgrade estimated completion early 3rd Qtr. 2003,
followed by LOI for 3 well program with Murphy in
Malaysia in 110's ending early December.
- ------------------------------------------------------------------------------------------
2
DAYRATE
RIG NAME (IN THOUSANDS) FUTURE CONTRACT AND OTHER INFORMATION
- ------------------------------------------------------------------------------------------
Ocean Confidence 170's available.
- ------------------------------------------------------------------------------------------
Ocean Clipper 100's available.
- ------------------------------------------------------------------------------------------
NOTES:
* ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL
EQUIPMENT REPAIR DOWNTIME
DOTS = Diamond Offshore Team Solutions, Inc.
GOM = Gulf of Mexico
** TABLE COMPLETE **
3