EXHIBIT 99.1

                        DIAMOND OFFSHORE DRILLING, INC.
                   RIG STATUS REPORT AS OF SEPTEMBER 2, 2003




  RIG NAME            WD         DESIGN                LOCATION           STATUS*             OPERATOR
- -----------------------------------------------------------------------------------------------------------------
                                                                             
DOMESTIC DEEPWATER SEMISUBMERSIBLES (6)
- -----------------------------------------------------------------------------------------------------------------
Ocean Quest          3,500'    Victory Class                GOM              Idle                 DODI
- -----------------------------------------------------------------------------------------------------------------
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           Contracted              LLOG
- -----------------------------------------------------------------------------------------------------------------
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              GOM           Contracted            ADTI/Tana
                               Cantilever
- -----------------------------------------------------------------------------------------------------------------
Ocean Spartan        300'      Independent Leg              GOM           Contracted          Stone Energy
                               Cantilever
- -----------------------------------------------------------------------------------------------------------------
Ocean Spur           300'      Independent Leg              GOM           Contracted          Entre/Howard
                               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             El Paso
                               Cantilever
- -----------------------------------------------------------------------------------------------------------------
Ocean Warwick        300'      Independent Leg              GOM           Contracted          ADTI/Newfield
                               Cantilever
- -----------------------------------------------------------------------------------------------------------------
Ocean Titan          350'      Independent Leg Slot         GOM      Shipyard for cantilever      DODI
                                                                             upgrade
- -----------------------------------------------------------------------------------------------------------------
Ocean Tower          350'      Independent Leg              GOM           Contracted             Denbury
                               Cantilever
- -----------------------------------------------------------------------------------------------------------------


                                      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


                             ** TABLE CONTINUED **

                                       3

                        DIAMOND OFFSHORE DRILLING, INC.
                   RIG STATUS REPORT AS OF SEPTEMBER 2, 2003





  RIG NAME                        CURRENT TERM        DAYRATE (000S)    START DATE
- --------------------------------------------------------------------------------------------
                                                             
DOMESTIC DEEPWATER SEMISUBMERSIBLES (6)
- --------------------------------------------------------------------------------------------
Ocean Quest                             -                  -                 -
- --------------------------------------------------------------------------------------------
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 (Saratoga       low 40s       late July 2003
                                   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
- --------------------------------------------------------------------------------------------
Ocean Lexington            first of two wells plus      low 40's         late August
                                   option
- --------------------------------------------------------------------------------------------
Ocean Saratoga                 one well plus option     low 40's         late August
- --------------------------------------------------------------------------------------------
Ocean Yorktown                          -                  -                 -
- --------------------------------------------------------------------------------------------

DOMESTIC JACKUPS (11)
- --------------------------------------------------------------------------------------------
Ocean Crusader                 first of two wells      low 20's       late June 2003
- --------------------------------------------------------------------------------------------
Ocean Drake                             -                  -                 -
- --------------------------------------------------------------------------------------------
Ocean Columbia                      one well           mid 20's       mid August 2003
- --------------------------------------------------------------------------------------------
Ocean Spartan                 one well plus option     mid 20's       late July 2003
- --------------------------------------------------------------------------------------------
Ocean Spur                  first of three wells    upper 20's     late August 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                 two wells plus option   upper 20's     late August 2003
- --------------------------------------------------------------------------------------------
Ocean Warwick                one well plus option     mid 20's      late August 2003
- --------------------------------------------------------------------------------------------
Ocean Titan                             -                  -                 -
- --------------------------------------------------------------------------------------------
Ocean Tower                first of four wells plus   mid 30's      late August 2003
                                    option
- --------------------------------------------------------------------------------------------


                                       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                   second well           low 40's       late May 2003
- --------------------------------------------------------------------------------------------
Ocean Vanguard                         _                  _                 _
- --------------------------------------------------------------------------------------------

AUSTRALASIA
- --------------------------------------------------------------------------------------------
Ocean Bounty                  three wells plus two     low 70's        mid June 2003
- --------------------------------------------------------------------------------------------
Ocean Epoch                             -                  -                 -
- --------------------------------------------------------------------------------------------
Ocean General             last of three wells plus     mid 50's      early August 2003
                                    option
- --------------------------------------------------------------------------------------------
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


                             ** TABLE CONTINUED **

                                       3

                        DIAMOND OFFSHORE DRILLING, INC.
                   RIG STATUS REPORT AS OF SEPTEMBER 2, 2003




  RIG NAME                   ESTIMATED END DATE    FUTURE CONTRACT AND OTHER INFORMATION
- -------------------------------------------------------------------------------------------------------
                                             
DOMESTIC DEEPWATER SEMISUBMERSIBLES (6)
- -------------------------------------------------------------------------------------------------------
Ocean Quest                            -              available.
- -------------------------------------------------------------------------------------------------------
Ocean Star                       late October 2003    available.
- -------------------------------------------------------------------------------------------------------
Ocean America                  mid September 2003     available.
- -------------------------------------------------------------------------------------------------------
Ocean Valiant                  early September 2003   available.
- -------------------------------------------------------------------------------------------------------
Ocean Victory                   mid September 2003    available.
- -------------------------------------------------------------------------------------------------------
Ocean Confidence                early January 2006    available.
- -------------------------------------------------------------------------------------------------------

DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4)
- -------------------------------------------------------------------------------------------------------
Ocean Concord                   early October 2003    one well extension; available.
- -------------------------------------------------------------------------------------------------------
Ocean Lexington                  mid October 2003     available.
- -------------------------------------------------------------------------------------------------------
Ocean Saratoga                   mid October 2003     available.
- -------------------------------------------------------------------------------------------------------
Ocean Yorktown                           -            Survey; available mid Sept.
- -------------------------------------------------------------------------------------------------------

DOMESTIC JACKUPS (11)
- -------------------------------------------------------------------------------------------------------
Ocean Crusader                   mid October 2003     One well plus option with Stone in mid 20's
                                                      beginning mid October and ending mid December
                                                      2003; available.
- -------------------------------------------------------------------------------------------------------
Ocean Drake                              -            Survey; available early Oct.
- -------------------------------------------------------------------------------------------------------
Ocean Columbia                  late September 2003   One well with ADTI/Seneca in upper 20's beginning
                                                      late September and ending mid October 2003;
                                                      available.
- -------------------------------------------------------------------------------------------------------
Ocean Spartan                    mid October 2003     available.
- -------------------------------------------------------------------------------------------------------
Ocean Spur                       mid October 2003     available.
- -------------------------------------------------------------------------------------------------------
Ocean King                       mid October 2003     available.
- -------------------------------------------------------------------------------------------------------
Ocean Nugget                 early September 2003     Two well extension with Taylor in mid 20s ending
                                                      late October 2003; available.
- -------------------------------------------------------------------------------------------------------
Ocean Summit                     late October 2003    available.
- -------------------------------------------------------------------------------------------------------
Ocean Warwick                   late September 2003   available.
- -------------------------------------------------------------------------------------------------------
Ocean Titan                             -             Cantilever upgrade ending mid December 2003.
- -------------------------------------------------------------------------------------------------------
Ocean Tower                      mid January 2004     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                    mid September 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                    mid October 2003    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


                              ** TABLE COMPLETE **

                                       3