EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF SEPTEMBER 30, 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 Amerada Hess - ---------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Idle DODI - ---------------------------------------------------------------------------------------------------------------- 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 Shipyard preparing for DODI PEMEX work - ---------------------------------------------------------------------------------------------------------------- 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 - ---------------------------------------------------------------------------------------------------------------- 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 Contracted Forest Oil - ---------------------------------------------------------------------------------------------------------------- NORTH SEA - ---------------------------------------------------------------------------------------------------------------- Ocean Nomad 1,200' Aker H-3 North Sea Idle DODI - ---------------------------------------------------------------------------------------------------------------- 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 Contracted Santos - ---------------------------------------------------------------------------------------------------------------- Ocean General 1,640' Korkut Vietnam Idle DODI - ---------------------------------------------------------------------------------------------------------------- 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 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 EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF SEPTEMBER 30, 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 plus option mid 50's late September 2003 - ----------------------------------------------------------------------------------- Ocean Victory - - - - ----------------------------------------------------------------------------------- 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 2003 option - ----------------------------------------------------------------------------------- Ocean Saratoga one well plus option low 40's late August 2003 - ----------------------------------------------------------------------------------- Ocean Yorktown - - - - ----------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ----------------------------------------------------------------------------------- Ocean Crusader second 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 mid 20's late July 2003 - ----------------------------------------------------------------------------------- Ocean Spur first of three wells upper 20's late August 2003 - ----------------------------------------------------------------------------------- Ocean King multiple wells low 30's early April 2003 - ----------------------------------------------------------------------------------- Ocean Nugget first of three well mid 20's mid September 2003 extension - ----------------------------------------------------------------------------------- Ocean Summit second of three wells upper 20's late August 2003 plus option - ----------------------------------------------------------------------------------- Ocean Warwick one well plus option mid 20's late August 2003 - ----------------------------------------------------------------------------------- Ocean Titan - - - - ----------------------------------------------------------------------------------- Ocean Tower second of four wells plus mid 30's late August 2003 option - ----------------------------------------------------------------------------------- 1 - ----------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (16) - ----------------------------------------------------------------------------------- MEXICO - ----------------------------------------------------------------------------------- Ocean Ambassador four year term work mid 50's late July 2003 - ----------------------------------------------------------------------------------- Ocean Whittington four year term work low 60's late July 2003 - ----------------------------------------------------------------------------------- Ocean Worker four year term work upper 60's mid August 2003 - ----------------------------------------------------------------------------------- AFRICA - ----------------------------------------------------------------------------------- Ocean Patriot 100 days plus option mid 50's mid September - ----------------------------------------------------------------------------------- NORTH SEA - ----------------------------------------------------------------------------------- Ocean Nomad - - - - ----------------------------------------------------------------------------------- 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 option low 70's mid June 2003 for two - ----------------------------------------------------------------------------------- Ocean Epoch one well plus option low 60's mid September 2003 - ----------------------------------------------------------------------------------- Ocean General - - - - ----------------------------------------------------------------------------------- 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 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 EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF SEPTEMBER 30, 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 October 2003 available. - ------------------------------------------------------------------------------------------------- Ocean Valiant late November 2003 available. - ------------------------------------------------------------------------------------------------- Ocean Victory - available. - ------------------------------------------------------------------------------------------------- Ocean Confidence early January 2006 available. - ------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (4) - ------------------------------------------------------------------------------------------------- Ocean Concord mid November 2003 one well extension; available. - ------------------------------------------------------------------------------------------------- Ocean Lexington early November 2003 available. - ------------------------------------------------------------------------------------------------- Ocean Saratoga late September 2003 available. - ------------------------------------------------------------------------------------------------- Ocean Yorktown - 1,371 day contract with PEMEX in mid 40's beginning Oct. 25, 2003 and ending mid July 2007; available. - ------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ------------------------------------------------------------------------------------------------- Ocean Crusader early November 2003 One well plus option with Stone in mid 20's beginning early November and ending mid January 2004; available. - ------------------------------------------------------------------------------------------------- Ocean Drake - Survey; available early Oct. - ------------------------------------------------------------------------------------------------- Ocean Columbia mid October 2003 One well with ADTI/Seneca in upper 20's beginning mid October and ending late October 2003; available. - ------------------------------------------------------------------------------------------------- Ocean Spartan late October 2003 available. - ------------------------------------------------------------------------------------------------- Ocean Spur mid October 2003 available. - ------------------------------------------------------------------------------------------------- Ocean King late October 2003 available. - ------------------------------------------------------------------------------------------------- Ocean Nugget mid December 2003 available. - ------------------------------------------------------------------------------------------------- Ocean Summit late October 2003 available. - ------------------------------------------------------------------------------------------------- Ocean Warwick late September 2003 One well plus option with Murphy in upper 20's beginning late September and ending late December 2003; available. - ------------------------------------------------------------------------------------------------- Ocean Titan - Cantilever upgrade ending mid December 2003. - ------------------------------------------------------------------------------------------------- Ocean Tower late December 2003 available. - ------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------- 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 late December 2003 available. - ------------------------------------------------------------------------------------------------- NORTH SEA - ------------------------------------------------------------------------------------------------- Ocean Nomad - 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 mid December 2003 available. - ------------------------------------------------------------------------------------------------- Ocean General - Standby for PetroVietman; available. - ------------------------------------------------------------------------------------------------- Ocean Baroness early May 2004 available. - ------------------------------------------------------------------------------------------------- Ocean Rover late December 2003 available. - ------------------------------------------------------------------------------------------------- BRAZIL - ------------------------------------------------------------------------------------------------- Ocean Yatzy early November 2003 Scheduled for survey in 4th Qtr. Estimated downtime 30 days. - ------------------------------------------------------------------------------------------------- Ocean Winner late October 2004 Scheduled for survey in 4th Qtr. Estimated downtime 60 days. - ------------------------------------------------------------------------------------------------- Ocean Alliance early September 2004 Scheduled for survey in 1st Qtr. '04 Estimated downtime 60 days. - ------------------------------------------------------------------------------------------------- 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