Exhibit 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF JULY 21, 2003 RIG NAME WD 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 Idle - - --------------------------------------------------------------------------------------------------------------------- Ocean Confidence 7,500' DP Aker H-3.2 Modified GOM Contracted BP - --------------------------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) - --------------------------------------------------------------------------------------------------------------------- Ocean Concord 2,200' F&G SS-2000 GOM Contracted Kerr McGee - --------------------------------------------------------------------------------------------------------------------- Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Walter Oil & Gas - --------------------------------------------------------------------------------------------------------------------- Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted Westport - --------------------------------------------------------------------------------------------------------------------- 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 GOM Idle - Cantilever - --------------------------------------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg GOM Contracted Noble Energy Cantilever - --------------------------------------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg GOM Contracted Newfield 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 Contracted Spinnaker Cantilever - --------------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg GOM Contracted BP America Cantilever - --------------------------------------------------------------------------------------------------------------------- Ocean Titan 350' Independent Leg Slot GOM Shipyard for cantilever - upgrade - --------------------------------------------------------------------------------------------------------------------- Ocean Tower 350' Independent Leg GOM Contracted Ridgelake Energy Cantilever - --------------------------------------------------------------------------------------------------------------------- 1 - --------------------------------------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (16) - --------------------------------------------------------------------------------------------------------------------- MEXICO - ------ - --------------------------------------------------------------------------------------------------------------------- Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted PEMEX - --------------------------------------------------------------------------------------------------------------------- Ocean Whittington 1,500' Aker H-3 Ghana Contracted PEMEX - --------------------------------------------------------------------------------------------------------------------- AFRICA - ------ - --------------------------------------------------------------------------------------------------------------------- Ocean Patriot 1,500' Bingo 3000 South Africa Idle - - --------------------------------------------------------------------------------------------------------------------- NORTH SEA - --------- - --------------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Contracted PetroCanada - --------------------------------------------------------------------------------------------------------------------- Ocean Guardian 1,500' Earl & Wright Sedco 711 North Sea Contracted Shell Series - --------------------------------------------------------------------------------------------------------------------- Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman - --------------------------------------------------------------------------------------------------------------------- Ocean Vanguard 1,500' Bingo 3000 North Sea _ _ - --------------------------------------------------------------------------------------------------------------------- AUSTRALASIA - ----------- - --------------------------------------------------------------------------------------------------------------------- Ocean Bounty 1,500' Victory Class Australia Contracted Inpex - --------------------------------------------------------------------------------------------------------------------- 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 Contracted Murphy - --------------------------------------------------------------------------------------------------------------------- BRAZIL - ------ - --------------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 Brazil Idle - - --------------------------------------------------------------------------------------------------------------------- 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 Indonesia Idle - Cantilever - --------------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Indonesia Contracted CNOOC Cantilever - --------------------------------------------------------------------------------------------------------------------- 2 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 plus option low 50's mid June 2003 - ---------------------------------------------------------------------------------------- Ocean Star nine month term work mid 80's early March 2003 - ---------------------------------------------------------------------------------------- Ocean America one well upper 60's early June 2003 - ---------------------------------------------------------------------------------------- Ocean Valiant one well upper 50's late April 2003 - ---------------------------------------------------------------------------------------- Ocean Victory - - - - ---------------------------------------------------------------------------------------- Ocean Confidence five-year term 170's early January 2001 - ---------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) - ---------------------------------------------------------------------------------------- Ocean Concord first of two wells plus mid 40's early July 2003 option - ---------------------------------------------------------------------------------------- Ocean Lexington second of two wells upper 30's early May 2003 - ---------------------------------------------------------------------------------------- Ocean Saratoga one well plus option upper 30's mid June - ---------------------------------------------------------------------------------------- Ocean Worker one well mid 40's late April 2003 - ---------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ---------------------------------------------------------------------------------------- Ocean Crusader first of two wells plus low 20's late June 2003 option - ---------------------------------------------------------------------------------------- Ocean Drake 12 months low 20's late August 2002 - ---------------------------------------------------------------------------------------- Ocean Columbia - - - - ---------------------------------------------------------------------------------------- Ocean Spartan one well low 20's mid May 2003 - ---------------------------------------------------------------------------------------- Ocean Spur one well mid 20's late June 2003 - ---------------------------------------------------------------------------------------- Ocean King multiple wells mid 20's early April 2003 - ---------------------------------------------------------------------------------------- Ocean Nugget seventh of seven wells plus mid 20's mid March 2003 option - ---------------------------------------------------------------------------------------- Ocean Summit one well plus option mid 20's early July 2003 - ---------------------------------------------------------------------------------------- Ocean Warwick multiple wells mid 20's mid April 2003 - ---------------------------------------------------------------------------------------- Ocean Titan - - - - ---------------------------------------------------------------------------------------- Ocean Tower second of two wells upper 20's mid May 2003 - ---------------------------------------------------------------------------------------- 1 - ---------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (16) - ---------------------------------------------------------------------------------------- MEXICO - ---------------------------------------------------------------------------------------- Ocean Ambassador four year term work mid 50's late July 2003 - ---------------------------------------------------------------------------------------- Ocean Whittington four year term work low 60's late July 2003 - ---------------------------------------------------------------------------------------- AFRICA - ------ - ---------------------------------------------------------------------------------------- Ocean Patriot - - - - ---------------------------------------------------------------------------------------- NORTH SEA - --------- - ---------------------------------------------------------------------------------------- Ocean Nomad one well mid 40's mid June 2003 - ---------------------------------------------------------------------------------------- Ocean Guardian one year plus one year low 50's early April 2003 option - ---------------------------------------------------------------------------------------- Ocean Princess first of two wells plus low 40's late May 2003 option - ---------------------------------------------------------------------------------------- Ocean Vanguard _ _ _ - ---------------------------------------------------------------------------------------- AUSTRALASIA - ----------- - ---------------------------------------------------------------------------------------- Ocean Bounty three wells plus two lower 70's mid June 2003 - ---------------------------------------------------------------------------------------- Ocean Epoch - - - - ---------------------------------------------------------------------------------------- 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 Three wells plus option 110s mid July 2003 - ---------------------------------------------------------------------------------------- BRAZIL - ------ - ---------------------------------------------------------------------------------------- Ocean Yorktown - - - - ---------------------------------------------------------------------------------------- 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 - - - - ---------------------------------------------------------------------------------------- Ocean Heritage 12 month term program upper 40's late December 2002 - ---------------------------------------------------------------------------------------- 2 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 early September 2003 available - ----------------------------------------------------------------------------------------------- Ocean Star late October 2003 available. - ----------------------------------------------------------------------------------------------- Ocean America early August 2003 available - ----------------------------------------------------------------------------------------------- Ocean Valiant mid August 2003 available. - ----------------------------------------------------------------------------------------------- Ocean Victory - available - ----------------------------------------------------------------------------------------------- Ocean Confidence early January 2006 available. - ----------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) - ----------------------------------------------------------------------------------------------- Ocean Concord early October 2003 available - ----------------------------------------------------------------------------------------------- Ocean Lexington mid August 2003 available - ----------------------------------------------------------------------------------------------- Ocean Saratoga late July 2003 available - ----------------------------------------------------------------------------------------------- Ocean Worker early August 2003 Prepare for PEMEX contract work following LLOG well; four year term work in GOM in upper 60's ending in late July 2007. - ----------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ----------------------------------------------------------------------------------------------- Ocean Crusader late September 2003 available - ----------------------------------------------------------------------------------------------- Ocean Drake late July 2003 Rig currently scheduled for 30-day downtime during current contract for survey beginning early 3rd Qtr. - ----------------------------------------------------------------------------------------------- Ocean Columbia - available - ----------------------------------------------------------------------------------------------- Ocean Spartan late July 2003 available. - ----------------------------------------------------------------------------------------------- Ocean Spur early September 2003 available. - ----------------------------------------------------------------------------------------------- Ocean King mid August 2003 available - ----------------------------------------------------------------------------------------------- Ocean Nugget early August 2003 One well extension with Taylor in mid 20s beginning early August 2003 and ending early September 2003. - ----------------------------------------------------------------------------------------------- Ocean Summit mid August 2003 available - ----------------------------------------------------------------------------------------------- Ocean Warwick early August 2003 available - ----------------------------------------------------------------------------------------------- Ocean Titan - Cantilever upgrade ending mid December 2003. - ----------------------------------------------------------------------------------------------- Ocean Tower late July 2003 One well with Merit Energy in upper 20's beginning late July and ending late August 2003. - ----------------------------------------------------------------------------------------------- 1 - ---------------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (16) - ----------------------------------------------------------------------------------------------- MEXICO - ----------------------------------------------------------------------------------------------- Ocean Ambassador mid December 2007 Preparing for PEMEX work - ----------------------------------------------------------------------------------------------- Ocean Whittington early October 2006 Preparing for PEMEX contract; currently under tow from Ghana. - ----------------------------------------------------------------------------------------------- AFRICA - ------ - ----------------------------------------------------------------------------------------------- Ocean Patriot - available - ----------------------------------------------------------------------------------------------- NORTH SEA - --------- - ----------------------------------------------------------------------------------------------- Ocean Nomad late August 2003 available - ----------------------------------------------------------------------------------------------- Ocean Guardian late March 2004 available - ----------------------------------------------------------------------------------------------- Ocean Princess mid October 2003 First option declared plus option with Talisman in low 40s beginning mid October 2003 and ending early January 2004. - ----------------------------------------------------------------------------------------------- Ocean Vanguard _ Survey complete July 2003; then available - ----------------------------------------------------------------------------------------------- AUSTRALASIA - ----------- - ----------------------------------------------------------------------------------------------- Ocean Bounty early February 2004 available - ----------------------------------------------------------------------------------------------- Ocean Epoch - available. - ----------------------------------------------------------------------------------------------- Ocean General late August 2003 Three wells plus option with Petro Vietnam in Viet Nam in mid 50's beginning in mid September 2003 and ending in late January 2004. - ----------------------------------------------------------------------------------------------- Ocean Baroness early May 2004 available. - ----------------------------------------------------------------------------------------------- Ocean Rover late November 2003 available. - ----------------------------------------------------------------------------------------------- BRAZIL - ------ - ----------------------------------------------------------------------------------------------- Ocean Yorktown - Preparing to mobe to U.S. GOM; available. - ----------------------------------------------------------------------------------------------- Ocean Yatzy early November 2003 available. - ----------------------------------------------------------------------------------------------- Ocean Winner late November 2003 Scheduled for survey in 4th 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 late July 2003 Early termination provision exercised (30 days); available - ----------------------------------------------------------------------------------------------- 2 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