Exhibit 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF AUGUST 18, 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 Contracted Newfield - ------------------------------------------------------------------------------------------------------------ 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 Idle DODI - ------------------------------------------------------------------------------------------------------------ Ocean Yorktown 2,850' F&G SS-2000 GOM Idle DODI - ------------------------------------------------------------------------------------------------------------ DOMESTIC JACKUPS (11) - ------------------------------------------------------------------------------------------------------------ Ocean Crusader 200' Mat Cantilever GOM Contracted Walter Oil & Gas - ------------------------------------------------------------------------------------------------------------ Ocean Drake 200' Mat Cantilever GOM Idle DODI - ------------------------------------------------------------------------------------------------------------ Ocean Columbia 250' Independent Leg Cantilever GOM Contracted ADTI/Tana - ------------------------------------------------------------------------------------------------------------ Ocean Spartan 300' Independent Leg Cantilever GOM Contracted Stone Energy - ------------------------------------------------------------------------------------------------------------ Ocean Spur 300' Independent Leg Cantilever GOM Contracted Newfield - ------------------------------------------------------------------------------------------------------------ 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 Idle DODI - ------------------------------------------------------------------------------------------------------------ Ocean Warwick 300' Independent Leg Cantilever GOM Contracted BP America - ------------------------------------------------------------------------------------------------------------ Ocean Titan 350' Independent Leg Slot GOM Shipyard for cantilever DODI upgrade - ------------------------------------------------------------------------------------------------------------ Ocean Tower 350' Independent Leg Cantilever GOM Contracted Merit Energy - ------------------------------------------------------------------------------------------------------------ 1 RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ------------------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (16) - ------------------------------------------------------------------------------------------------------------ MEXICO - ------------------------------------------------------------------------------------------------------------ Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted PEMEX - ------------------------------------------------------------------------------------------------------------ Ocean Whittington 1,500' Aker H-3 GOM Contracted PEMEX - ------------------------------------------------------------------------------------------------------------ Ocean Worker 3,500' F&G 9500 Enhanced GOM Contracted PEMEX Pacesetter - ------------------------------------------------------------------------------------------------------------ AFRICA - ------------------------------------------------------------------------------------------------------------ Ocean Patriot 1,500' Bingo 3000 South Africa Idle DODI - ------------------------------------------------------------------------------------------------------------ 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 Idle DODI - ------------------------------------------------------------------------------------------------------------ AUSTRALASIA - ------------------------------------------------------------------------------------------------------------ Ocean Bounty 1,500' Victory Class Australia Contracted Inpex - ------------------------------------------------------------------------------------------------------------ Ocean Epoch 1,640' Korkut Australia Idle DODI - ------------------------------------------------------------------------------------------------------------ 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 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 - ------------------------------------------------------------------------------------------------------------ 2 RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ------------------------------------------------------------------------------------------------------------ INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------------------------------ Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras - ------------------------------------------------------------------------------------------------------------ INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------------------------------ Ocean Sovereign 250' Independent Leg Indonesia Idle DODI Cantilever - ------------------------------------------------------------------------------------------------------------ Ocean Heritage 300' Independent Leg Indonesia Idle DODI Cantilever - ------------------------------------------------------------------------------------------------------------ COLD STACKED (7) - ------------------------------------------------------------------------------------------------------------ Ocean Liberator 600' Aker H-3 S. Africa Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------ Ocean Century 800' Korkut GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------ Ocean Prospector 1,700' Victory Class GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------ Ocean Champion 250' Mat Slot GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------ Ocean Endeavor 2,000' Victory Class GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------ Ocean Voyager 3,200' Victory Class GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------ Ocean New Era 1,500' Korkut GOM Cold Stacked DODI - ------------------------------------------------------------------------------------------------------------ NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME GOM = Gulf of Mexico 3 ** TABLE CONTINUED... ** 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 two wells low 40s late July 2003 (Saratoga substitution) - ------------------------------------------------------------------------------------- Ocean Confidence five-year term 170's early January 2001 - ------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) - ------------------------------------------------------------------------------------- Ocean Concord second of two wells mid 40's early July 2003 plus option - ------------------------------------------------------------------------------------- Ocean Lexington second of two wells upper 30's early May 2003 - ------------------------------------------------------------------------------------- Ocean Saratoga - - - - ------------------------------------------------------------------------------------- Ocean Yorktown - - - - ------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ------------------------------------------------------------------------------------- Ocean Crusader first of two wells low 20's late June 2003 plus option - ------------------------------------------------------------------------------------- Ocean Drake - - - - ------------------------------------------------------------------------------------- Ocean Columbia one well plus option mid 20's mid August 2003 - ------------------------------------------------------------------------------------- Ocean Spartan one well plus option mid 20's late July 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 mid 20's mid March 2003 plus option - ------------------------------------------------------------------------------------- Ocean Summit - - - - ------------------------------------------------------------------------------------- Ocean Warwick end of well mid 20's mid April 2003 - ------------------------------------------------------------------------------------- Ocean Titan - - - - ------------------------------------------------------------------------------------- Ocean Tower one well upper 20's late July 2003 - ------------------------------------------------------------------------------------- 1 RIG NAME CURRENT TERM DAYRATE (000S) START DATE - ------------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------------- Ocean Worker four year term work upper 60's mid August 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 low 70's mid June 2003 - ------------------------------------------------------------------------------------- Ocean Epoch - - - - ------------------------------------------------------------------------------------- Ocean General Three wells plus option mid 50's early August 2003 - ------------------------------------------------------------------------------------- Ocean Baroness 400 days plus option 110's late March 2003 - ------------------------------------------------------------------------------------- Ocean Rover Three wells plus option 110s mid July 2003 - ------------------------------------------------------------------------------------- BRAZIL - ------------------------------------------------------------------------------------- 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 - ------------------------------------------------------------------------------------- 2 RIG NAME CURRENT TERM DAYRATE (000S) START DATE - ------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------- Ocean Clipper one-year extension 100's mid February 2003 - ------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------- Ocean Sovereign - - - - ------------------------------------------------------------------------------------- Ocean Heritage - - - - ------------------------------------------------------------------------------------- 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 3 ** TABLE CONTINUED... ** 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 mid September 2003 available. - ------------------------------------------------------------------------------------------------ Ocean Valiant early September 2003 available. - ------------------------------------------------------------------------------------------------ Ocean Victory late September 2003 available. - ------------------------------------------------------------------------------------------------ Ocean Confidence early January 2006 available. - ------------------------------------------------------------------------------------------------ DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) - ------------------------------------------------------------------------------------------------ Ocean Concord late September 2003 available. - ------------------------------------------------------------------------------------------------ Ocean Lexington late August 2003 Two wells plus option with Walter in low 40's beginning late August and ending mid October 2003. - ------------------------------------------------------------------------------------------------ Ocean Saratoga - One well plus option with LLOG in low 40s beginning late August and ending mid September; available. - ------------------------------------------------------------------------------------------------ Ocean Yorktown - Under tow to U.S. GOM, then survey; available mid Sept. - ------------------------------------------------------------------------------------------------ DOMESTIC JACKUPS (11) - ------------------------------------------------------------------------------------------------ Ocean Crusader late September 2003 available. - ------------------------------------------------------------------------------------------------ Ocean Drake - Survey; available mid Sept. - ------------------------------------------------------------------------------------------------ Ocean Columbia mid October 2003 available. - ------------------------------------------------------------------------------------------------ Ocean Spartan mid October 2003 available. - ------------------------------------------------------------------------------------------------ Ocean Spur late August 2003 available. - ------------------------------------------------------------------------------------------------ Ocean King mid September 2003 available. - ------------------------------------------------------------------------------------------------ Ocean Nugget late August 2003 Two well extension with Taylor in mid 20s ending late October 2003; available. - ------------------------------------------------------------------------------------------------ Ocean Summit - available. - ------------------------------------------------------------------------------------------------ Ocean Warwick late August 2003 One well plus option with ADTI/Newfield in mid 20s ending late September 2003. - ------------------------------------------------------------------------------------------------ Ocean Titan - Cantilever upgrade ending mid December 2003. - ------------------------------------------------------------------------------------------------ Ocean Tower late August 2003 available. - ------------------------------------------------------------------------------------------------ 1 RIG NAME ESTIMATED END DATE FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------ INTERNATIONAL SEMISUBMERSIBLES (16) - ------------------------------------------------------------------------------------------------ MEXICO - ------------------------------------------------------------------------------------------------ Ocean Ambassador mid December 2007 available. - ------------------------------------------------------------------------------------------------ Ocean Whittington early October 2006 available. - ------------------------------------------------------------------------------------------------ Ocean Worker late July 2007 available. - ------------------------------------------------------------------------------------------------ AFRICA - ------------------------------------------------------------------------------------------------ Ocean Patriot - available. - ------------------------------------------------------------------------------------------------ NORTH SEA - ------------------------------------------------------------------------------------------------ Ocean Nomad late August 2003 available. - ------------------------------------------------------------------------------------------------ Ocean Guardian late March 2004 available. - ------------------------------------------------------------------------------------------------ Ocean Princess early November 2003 First option declared plus option with Talisman in low 40s beginning early November 2003 and ending mid January 2004. - ------------------------------------------------------------------------------------------------ Ocean Vanguard _ available. - ------------------------------------------------------------------------------------------------ AUSTRALASIA - ------------------------------------------------------------------------------------------------ Ocean Bounty mid March 2004 available. - ------------------------------------------------------------------------------------------------ Ocean Epoch - available. - ------------------------------------------------------------------------------------------------ Ocean General early February 2004 available. - ------------------------------------------------------------------------------------------------ Ocean Baroness early May 2004 available. - ------------------------------------------------------------------------------------------------ Ocean Rover late November 2003 available. - ------------------------------------------------------------------------------------------------ BRAZIL - ------------------------------------------------------------------------------------------------ Ocean Yatzy early November 2003 Scheduled for survey in 4th Qtr. Estimated downtime 30 days. - ------------------------------------------------------------------------------------------------ Ocean Winner late November 2004 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. - ------------------------------------------------------------------------------------------------ 2 RIG NAME ESTIMATED END DATE FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------ INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------------------ Ocean Clipper early January 2004 available. - ------------------------------------------------------------------------------------------------ INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------------------ Ocean Sovereign - available. - ------------------------------------------------------------------------------------------------ Ocean Heritage - available. - ------------------------------------------------------------------------------------------------ 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 3 ** TABLE COMPLETE **