Exhibit 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JUNE 10, 2003 RATED RIG NAME WATER DEPTH DESIGN LOCATION STATUS* OPERATOR - -------------------------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - -------------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted Murphy - -------------------------------------------------------------------------------------------------------------------- Ocean Star 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 Victory 5,500' Victory Class GOM Contracted Kerr McGee - -------------------------------------------------------------------------------------------------------------------- Ocean Confidence 7,500' DP Aker H-3.2 Modified GOM Contracted BP - -------------------------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (5) - -------------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted PEMEX - -------------------------------------------------------------------------------------------------------------------- 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 Worker 3,500' F&G 9500 Enhanced GOM Contracted LLOG Pacesetter - -------------------------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - -------------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted Walter Oil & Gas - -------------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted ChevronTexaco - -------------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg Cantilever GOM Contracted Noble Energy - -------------------------------------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg Cantilever GOM Contracted Noble Energy - -------------------------------------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg Cantilever GOM Contracted ADTI/American Coastal - -------------------------------------------------------------------------------------------------------------------- Ocean King 300' Independent Leg Cantilever GOM Contracted BP America - -------------------------------------------------------------------------------------------------------------------- Ocean Nugget 300' Independent Leg Cantilever GOM Contracted Taylor Energy - -------------------------------------------------------------------------------------------------------------------- Ocean Summit 300' Independent Leg Cantilever GOM Contracted Hunt Petroleum - -------------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg Cantilever GOM Contracted BP America - -------------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Shipyard for - cantilever upgrade - -------------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg Cantilever GOM Contracted Ridgelake Energy - -------------------------------------------------------------------------------------------------------------------- 1 RATED RIG NAME WATER DEPTH DESIGN LOCATION STATUS* OPERATOR - -------------------------------------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (15) - -------------------------------------------------------------------------------------------------------------------- AFRICA - ------ - -------------------------------------------------------------------------------------------------------------------- Ocean Patriot 1,500' Bingo 3000 South Africa Contracted Pioneer - -------------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Ghana Contracted PEMEX - -------------------------------------------------------------------------------------------------------------------- NORTH SEA - --------- - -------------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Special Survey - - -------------------------------------------------------------------------------------------------------------------- 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 Vanguard 1,500' Bingo 3000 North Sea _ _ - -------------------------------------------------------------------------------------------------------------------- AUSTRALASIA - ----------- - -------------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted OMV - -------------------------------------------------------------------------------------------------------------------- Ocean Epoch 1,640' Korkut Australia Idle - - -------------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Vietnam Contracted PetroVietnam - -------------------------------------------------------------------------------------------------------------------- Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal - -------------------------------------------------------------------------------------------------------------------- Ocean Rover 7,000' Victory Class Singapore Shipyard Upgrade - - -------------------------------------------------------------------------------------------------------------------- BRAZIL - ------ - -------------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Shell - -------------------------------------------------------------------------------------------------------------------- Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras - -------------------------------------------------------------------------------------------------------------------- Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras - -------------------------------------------------------------------------------------------------------------------- Ocean Alliance 5,000' Alliance Class Brazil Contracted Petrobras - -------------------------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - -------------------------------------------------------------------------------------------------------------------- Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras - -------------------------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - -------------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Cantilever Indonesia Idle - - -------------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Cantilever Indonesia Contracted CNOOC - -------------------------------------------------------------------------------------------------------------------- 2 RATED RIG NAME WATER DEPTH DESIGN LOCATION STATUS* OPERATOR - -------------------------------------------------------------------------------------------------------------------- COLD STACKED (7) - -------------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 S. Africa Cold Stacked - - -------------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked - - -------------------------------------------------------------------------------------------------------------------- Ocean Prospector 1,700' Victory Class GOM Cold Stacked - - -------------------------------------------------------------------------------------------------------------------- Ocean Champion 250' Mat Slot GOM Cold Stacked - - -------------------------------------------------------------------------------------------------------------------- Ocean Endeavor 2,000' Victory Class GOM Cold Stacked - - -------------------------------------------------------------------------------------------------------------------- Ocean Voyager 3,200' Victory Class GOM Cold Stacked - - -------------------------------------------------------------------------------------------------------------------- Ocean New Era 1,500' Korkut GOM Cold Stacked - - -------------------------------------------------------------------------------------------------------------------- NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME GOM = Gulf of Mexico ** TABLE CONTINUED ** 3 RIG NAME CURRENT TERM DAYRATE (000s) START DATE - ------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------- Ocean Quest one well, swap to low 80's Jan-03 complete Valiant contract - ------------------------------------------------------------------------------------------------- Ocean Star nine month term work mid 80's early March 2003 - ------------------------------------------------------------------------------------------------- Ocean America one well upper 60's mid October 2002 - ------------------------------------------------------------------------------------------------- Ocean Valiant one well upper 50's late April 2003 - ------------------------------------------------------------------------------------------------- Ocean Victory one well plus option low 60's late May 2003 - ------------------------------------------------------------------------------------------------- Ocean Confidence five-year term 170's early January 2001 - ------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (5) - ------------------------------------------------------------------------------------------------- Ocean Ambassador four year term work upper 50's late July 2003 - ------------------------------------------------------------------------------------------------- Ocean Concord one well plus option upper 30's late April 2003 - ------------------------------------------------------------------------------------------------- Ocean Lexington first of two wells upper 30's early May 2003 - ------------------------------------------------------------------------------------------------- Ocean Saratoga one well plus option low 40's mid May 2003 - ------------------------------------------------------------------------------------------------- Ocean Worker one well mid 40's late April 2003 - ------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ------------------------------------------------------------------------------------------------- Ocean Crusader second of two wells low 20's early June 2003 - ------------------------------------------------------------------------------------------------- Ocean Drake 12 months high teens late August 2002 - ------------------------------------------------------------------------------------------------- Ocean Columbia one well plus option mid 20's early June 2003 - ------------------------------------------------------------------------------------------------- Ocean Spartan one well plus option low 20's mid May 2003 - ------------------------------------------------------------------------------------------------- Ocean Spur one well mid 20's late May 2003 - ------------------------------------------------------------------------------------------------- Ocean King multiple wells mid 20's early April 2003 - ------------------------------------------------------------------------------------------------- Ocean Nugget sixth of seven wells plus mid 20's mid March 2003 option - ------------------------------------------------------------------------------------------------- Ocean Summit two wells low 20's mid May 2003 - ------------------------------------------------------------------------------------------------- Ocean Warwick multiple wells mid 20's mid April 2003 - ------------------------------------------------------------------------------------------------- Ocean Titan - - - - ------------------------------------------------------------------------------------------------- Ocean Tower two wells upper 20's mid May 2003 - ------------------------------------------------------------------------------------------------- 1 RIG NAME CURRENT TERM DAYRATE (000S) START DATE - ------------------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (15) - ------------------------------------------------------------------------------------------------- AFRICA - ------ - ------------------------------------------------------------------------------------------------- Ocean Patriot second of three wells upper 50's early April 2003 - ------------------------------------------------------------------------------------------------- Ocean Whittington four year term work low 60's late July 2003 - ------------------------------------------------------------------------------------------------- NORTH SEA - --------- - ------------------------------------------------------------------------------------------------- Ocean Nomad - - late January 2003 - ------------------------------------------------------------------------------------------------- Ocean Guardian one year plus one year low 50's early April 2003 option - ------------------------------------------------------------------------------------------------- Ocean Princess two wells plus option low 40's late May 2003 - ------------------------------------------------------------------------------------------------- Ocean Vanguard _ _ _ - ------------------------------------------------------------------------------------------------- AUSTRALASIA - ----------- - ------------------------------------------------------------------------------------------------- Ocean Bounty one well lower 70's mid May 2003 - ------------------------------------------------------------------------------------------------- Ocean Epoch - - early February 2003 - ------------------------------------------------------------------------------------------------- Ocean General First of three wells mid 50's mid May 2003 - ------------------------------------------------------------------------------------------------- Ocean Baroness 400 days plus option 110's late March 2003 - ------------------------------------------------------------------------------------------------- Ocean Rover - - early January 2002 - ------------------------------------------------------------------------------------------------- BRAZIL - ------ - ------------------------------------------------------------------------------------------------- Ocean Yorktown 15-well development plus low 60's mid September 2001 option - ------------------------------------------------------------------------------------------------- Ocean Yatzy five-year term plus option 120's early November 1998 - ------------------------------------------------------------------------------------------------- Ocean Winner one year extension low 60's early November 2002 - ------------------------------------------------------------------------------------------------- Ocean Alliance four-year contract 110's early September 2000 - ------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------------------- Ocean Clipper one-year extension 100's mid February 2003 - ------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------------------- Ocean Sovereign - - early June 2003 - ------------------------------------------------------------------------------------------------- Ocean Heritage 12 month term program upper 40's late December 2002 - ------------------------------------------------------------------------------------------------- 2 RIG NAME CURRENT TERM DAYRATE (000S) START DATE - ------------------------------------------------------------------------------------------------- COLD STACKED (7) - ------------------------------------------------------------------------------------------------- Ocean Liberator - - - - ------------------------------------------------------------------------------------------------- Ocean Century - - - - ------------------------------------------------------------------------------------------------- Ocean Prospector - - - - ------------------------------------------------------------------------------------------------- Ocean Champion - - - - ------------------------------------------------------------------------------------------------- Ocean Endeavor - - - - ------------------------------------------------------------------------------------------------- Ocean Voyager - - - - ------------------------------------------------------------------------------------------------- Ocean New Era - - - - ------------------------------------------------------------------------------------------------- NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME GOM = Gulf of Mexico ** TABLE CONTINUED ** 3 RIG NAME ESTIMATED END DATE FUTURE CONTRACT AND OTHER INFORMATION - ---------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ---------------------------------------------------------------------------------------------------- Ocean Quest mid June 2003 One well with Murphy in GOM in low 50's beginning in mid June and ending in late July 2003. - ---------------------------------------------------------------------------------------------------- Ocean Star mid September 2003 available. - ---------------------------------------------------------------------------------------------------- Ocean America late June 2003 available - ---------------------------------------------------------------------------------------------------- Ocean Valiant early July 2003 available. - ---------------------------------------------------------------------------------------------------- Ocean Victory early July 2003 available. - ---------------------------------------------------------------------------------------------------- Ocean Confidence early January 2006 available. - ---------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (5) - ---------------------------------------------------------------------------------------------------- Ocean Ambassador mid December 2007 Preparing for PEMEX work - ---------------------------------------------------------------------------------------------------- Ocean Concord mid June 2003 available - ---------------------------------------------------------------------------------------------------- Ocean Lexington early June 2003 Two wells plus option with Walter in GOM in upper 30's beginning early May and ending late June 2003. - ---------------------------------------------------------------------------------------------------- Ocean Saratoga mid June 2003 One well with Westport in GOM in upper 30's beginning in mid June 2003 and ending in late July 2003. - ---------------------------------------------------------------------------------------------------- Ocean Worker early July 2003 Prepare for PEMEX contract work beginning late July; four year term work in GOM in upper 60' s ending in late July 2007. - ---------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ---------------------------------------------------------------------------------------------------- Ocean Crusader mid July 2003 Two additional wells plus option with Walter in GOM in lower 20's beginning mid July and ending late August 2003. - ---------------------------------------------------------------------------------------------------- Ocean Drake late August 2003 Rig currently scheduled for 30-day downtime during current contract for survey beginning late 2nd Qtr. - ---------------------------------------------------------------------------------------------------- Ocean Columbia early July 2003 available - ---------------------------------------------------------------------------------------------------- Ocean Spartan mid July 2003 available. - ---------------------------------------------------------------------------------------------------- Ocean Spur late June 2003 available. - ---------------------------------------------------------------------------------------------------- Ocean King mid July 2003 available - ---------------------------------------------------------------------------------------------------- Ocean Nugget late August 2003 available. - ---------------------------------------------------------------------------------------------------- Ocean Summit mid July 2003 available - ---------------------------------------------------------------------------------------------------- Ocean Warwick mid July 2003 available - ---------------------------------------------------------------------------------------------------- Ocean Titan - Cantilever upgrade ending late October 2003. - ---------------------------------------------------------------------------------------------------- Ocean Tower early July 2003 available - ---------------------------------------------------------------------------------------------------- 1 RIG NAME ESTIMATED END DATE FUTURE CONTRACT AND OTHER INFORMATION - ---------------------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (15) - ---------------------------------------------------------------------------------------------------- AFRICA - ------ - ---------------------------------------------------------------------------------------------------- Ocean Patriot early September 2003 available. - ---------------------------------------------------------------------------------------------------- Ocean Whittington early October 2006 Preparing for PEMEX contract; currently under tow from Ghana. - ---------------------------------------------------------------------------------------------------- NORTH SEA - --------- - ---------------------------------------------------------------------------------------------------- Ocean Nomad - Special survey ending mid June 2003; then available. - ---------------------------------------------------------------------------------------------------- Ocean Guardian late March 2004 available - ---------------------------------------------------------------------------------------------------- Ocean Princess early August 2003 available - ---------------------------------------------------------------------------------------------------- Ocean Vanguard _ Survey complete July 2003; then available - ---------------------------------------------------------------------------------------------------- AUSTRALASIA - ----------- - ---------------------------------------------------------------------------------------------------- Ocean Bounty mid June 2003 Three plus two well program with Inpex in Australia in lower 70's beginning mid June and ending late January 2004. - ---------------------------------------------------------------------------------------------------- Ocean Epoch - available. - ---------------------------------------------------------------------------------------------------- Ocean General late August 2003 Three wells plus option with Petro Vietnam in Viet Nam in mid 50's beginning in late August and ending in late January 2004. - ---------------------------------------------------------------------------------------------------- Ocean Baroness early May 2004 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 late November 2003. - ---------------------------------------------------------------------------------------------------- BRAZIL - ------ - ---------------------------------------------------------------------------------------------------- Ocean Yorktown mid June 2003 available. - ---------------------------------------------------------------------------------------------------- Ocean Yatzy early November 2003 available. - ---------------------------------------------------------------------------------------------------- Ocean Winner early November 2003 Scheduled for survey in 3rd Qtr. Estimated downtime 60 days. - ---------------------------------------------------------------------------------------------------- Ocean Alliance early September 2004 Scheduled for survey in 4th Qtr. Estimated downtime 60 days. - ---------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ---------------------------------------------------------------------------------------------------- Ocean Clipper early January 2004 available. - ---------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ---------------------------------------------------------------------------------------------------- Ocean Sovereign - available - ---------------------------------------------------------------------------------------------------- Ocean Heritage mid September 2003 available. - ---------------------------------------------------------------------------------------------------- 2 RIG NAME ESTIMATED END DATE FUTURE CONTRACT AND OTHER INFORMATION - ---------------------------------------------------------------------------------------------------- COLD STACKED (7) - ---------------------------------------------------------------------------------------------------- Ocean Liberator - Cold stacked Nov. '02 - ---------------------------------------------------------------------------------------------------- Ocean Century - Cold stacked July '98 - ---------------------------------------------------------------------------------------------------- Ocean Prospector - Cold stacked Oct. '99 - ---------------------------------------------------------------------------------------------------- Ocean Champion - Cold Stacked Feb. '02 - ---------------------------------------------------------------------------------------------------- Ocean Endeavor - Cold stacked March '02 - ---------------------------------------------------------------------------------------------------- Ocean Voyager - Cold stacked March '02 - ---------------------------------------------------------------------------------------------------- Ocean New Era - Cold stacked Dec. '02 - ---------------------------------------------------------------------------------------------------- NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME GOM = Gulf of Mexico ** TABLE COMPLETE ** 3