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