EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF DECEMBER 9, 2003 RIG NAME WD DESIGN LOCATION STATUS* OPERATOR - ---------------------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ---------------------------------------------------------------------------------------------------------------- Ocean Quest 3,500' Victory Class GOM Contracted Amerada Hess - ---------------------------------------------------------------------------------------------------------------- Ocean Star 5,500' Victory Class GOM Contracted Kerr McGee - ---------------------------------------------------------------------------------------------------------------- Ocean America 5,500' Ocean Odyssey GOM Contracted W&T Offshore - ---------------------------------------------------------------------------------------------------------------- Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Amerada Hess - ---------------------------------------------------------------------------------------------------------------- Ocean Victory 5,500' Victory Class GOM Contracted Spinnaker Exploration - ---------------------------------------------------------------------------------------------------------------- Ocean Confidence 7,500' DP Aker H-3.2 GOM Contracted BP Modified - ---------------------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - ---------------------------------------------------------------------------------------------------------------- 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 - ---------------------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ---------------------------------------------------------------------------------------------------------------- Ocean Crusader 200' Mat Cantilever GOM Contracted LLOG - ---------------------------------------------------------------------------------------------------------------- Ocean Drake 200' Mat Cantilever GOM Contracted Chevron/Texaco - ---------------------------------------------------------------------------------------------------------------- Ocean Columbia 250' Independent Leg GOM Contracted ADTI/Seneca Cantilever - ---------------------------------------------------------------------------------------------------------------- Ocean Spartan 300' Independent Leg GOM Contracted LLOG Cantilever - ---------------------------------------------------------------------------------------------------------------- Ocean Spur 300' Independent Leg GOM Contracted Forest 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 Chevron/Texaco Cantilever - ---------------------------------------------------------------------------------------------------------------- Ocean Warwick 300' Independent Leg GOM Contracted Murphy 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 (17) - ---------------------------------------------------------------------------------------------------------------- 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 - ---------------------------------------------------------------------------------------------------------------- Ocean Yorktown 2,850' F&G SS-2000 GOM Contracted PEMEX - ---------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------- 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 North Sea Contracted Shell 711 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 Contracted P.V.E&P - ---------------------------------------------------------------------------------------------------------------- Ocean Baroness 7,000' Victory Class Indonesia Contracted Unocal - ---------------------------------------------------------------------------------------------------------------- Ocean Rover 7,000' Victory Class Singapore Contracted Murphy - ---------------------------------------------------------------------------------------------------------------- 2 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 - ---------------------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ---------------------------------------------------------------------------------------------------------------- Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras - ---------------------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ---------------------------------------------------------------------------------------------------------------- Ocean Sovereign 250' Independent Leg Indonesia Contracted Santos Cantilever - ---------------------------------------------------------------------------------------------------------------- Ocean Heritage 300' Independent Leg Indonesia Idle DODI Cantilever - ---------------------------------------------------------------------------------------------------------------- COLD STACKED (5) - ---------------------------------------------------------------------------------------------------------------- Ocean Liberator 600' Aker H-3 S. Africa 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 - ---------------------------------------------------------------------------------------------------------------- ASSETS REMOVED FROM SERVICE & HELD FOR SALE** (2) - ---------------------------------------------------------------------------------------------------------------- Ocean Century 800' Korkut GOM Cold Stacked DODI - ---------------------------------------------------------------------------------------------------------------- Ocean Prospector 1,700' Victory Class GOM Cold Stacked DODI - ---------------------------------------------------------------------------------------------------------------- NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME. **TO BE USED FOR NON DRILLING PURPOSES. GOM = Gulf of Mexico ** TABLE CONTINUED ** 3 EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF DECEMBER 9, 2003 RIG NAME CURRENT TERM DAYRATE (000S) START DATE - ------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------- Ocean Quest second of two wells plus low 40s mid Nov. 2003 option - ------------------------------------------------------------------------------- Ocean Star first of two wells plus mid 70's late Oct. 2003 option - ------------------------------------------------------------------------------- Ocean America one well plus option mid 60's late Nov. 2003 - ------------------------------------------------------------------------------- Ocean Valiant one well plus option mid 50's late Sept. 2003 - ------------------------------------------------------------------------------- Ocean Victory one well low 40's late Nov. 2003 - ------------------------------------------------------------------------------- Ocean Confidence five-year term 170's early Jan. 2001 - ------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - ------------------------------------------------------------------------------- Ocean Concord one well mid 40's mid Nov. 2003 - ------------------------------------------------------------------------------- Ocean Lexington first of two wells plus high 30's late November 2003 option - ------------------------------------------------------------------------------- Ocean Saratoga one well low 40's early Nov. 2003 - ------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ------------------------------------------------------------------------------- Ocean Crusader one well mid 20's late Nov. 2003 - ------------------------------------------------------------------------------- Ocean Drake 90 day term plus option mid 20's mid Oct. 2003 - ------------------------------------------------------------------------------- Ocean Columbia one well upper 20's mid Nov. 2003 - ------------------------------------------------------------------------------- Ocean Spartan one well plus option upper 20's late Nov. 2003 - ------------------------------------------------------------------------------- Ocean Spur one well plus option upper 20's late Nov. 2003 - ------------------------------------------------------------------------------- Ocean King multiple wells low 30's early April 2003 - ------------------------------------------------------------------------------- Ocean Nugget one well low 30's mid Sept. 2003 - ------------------------------------------------------------------------------- Ocean Summit two wells plus option mid 30's late Nov. 2003 - ------------------------------------------------------------------------------- Ocean Warwick one well plus option upper 20's late Sept. 2003 - ------------------------------------------------------------------------------- Ocean Titan - - - - ------------------------------------------------------------------------------- Ocean Tower third of four wells plus mid 30's late Aug. 2003 option - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (17) - ------------------------------------------------------------------------------- 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 Aug. 2003 - ------------------------------------------------------------------------------- Ocean Yorktown four year term work mid 40's late Oct. 2003 - ------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- AFRICA - ------------------------------------------------------------------------------- Ocean Patriot 100 days plus option mid 50's mid Sept. 2003 - ------------------------------------------------------------------------------- NORTH SEA - ------------------------------------------------------------------------------- Ocean Nomad - - - - ------------------------------------------------------------------------------- Ocean Guardian one year plus one year low 50's early April 2003 option - ------------------------------------------------------------------------------- Ocean Princess first option declared low 40's mid Nov. 2003 plus option - ------------------------------------------------------------------------------- Ocean Vanguard _ _ _ - ------------------------------------------------------------------------------- AUSTRALASIA - ------------------------------------------------------------------------------- Ocean Bounty third of three wells plus low 70's mid June 2003 option for two - ------------------------------------------------------------------------------- Ocean Epoch one well low 60's early Dec. 2003 - ------------------------------------------------------------------------------- Ocean General one well plus one well and mid 50's mid Nov. 2003 five completion options - ------------------------------------------------------------------------------- Ocean Baroness 400 days plus option 110's late March 2003 - ------------------------------------------------------------------------------- Ocean Rover Three wells plus option 110s mid July 2003 - ------------------------------------------------------------------------------- 2 BRAZIL - ------------------------------------------------------------------------------- Ocean Yatzy end of primary term mid 70's early Nov. 1998 Nov. 5, 2003, completing well - ------------------------------------------------------------------------------- Ocean Winner one year extension low 60's early Nov. 2002 - ------------------------------------------------------------------------------- Ocean Alliance four-year contract 110's early Sept. 2000 - ------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------- Ocean Clipper one-year extension 100's mid Feb. 2003 - ------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------- Ocean Sovereign one well plus two option high 30's mid Nov. 2003 - ------------------------------------------------------------------------------- Ocean Heritage - - - - ------------------------------------------------------------------------------- COLD STACKED (5) - ------------------------------------------------------------------------------- Ocean Liberator - - - - ------------------------------------------------------------------------------- Ocean Champion - - - - ------------------------------------------------------------------------------- Ocean Endeavor - - - - ------------------------------------------------------------------------------- Ocean Voyager - - - - ------------------------------------------------------------------------------- Ocean New Era - - - - ------------------------------------------------------------------------------- ASSETS REMOVED FROM SERVICE & HELD FOR SALE ** (2) - ------------------------------------------------------------------------------- Ocean Century - - - - ------------------------------------------------------------------------------- Ocean Prospector - - - - ------------------------------------------------------------------------------- NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME. **TO BE USED FOR NON DRILLING PURPOSES. GOM = Gulf of Mexico ** TABLE CONTINUED ** 3 EXHIBIT 99.1 DIAMOND OFFSHORE DRILLING, INC. RIG STATUS REPORT AS OF DECEMBER 9, 2003 RIG NAME EST. END DATE FUTURE CONTRACT AND OTHER INFORMATION - ------------------------------------------------------------------------------------------------------------- DOMESTIC DEEPWATER SEMISUBMERSIBLES (6) - ------------------------------------------------------------------------------------------------------------- Ocean Quest late Dec. 2003 available, actively marketing - ------------------------------------------------------------------------------------------------------------- Ocean Star early Feb. 2004 available, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean America late Dec. 2003 90 day upgrade/survey likely 1st Qtr 2004; availible, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Valiant late Dec. 2003 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Victory mid Feb. 2004 availible; actively marketing - ------------------------------------------------------------------------------------------------------------- Ocean Confidence early Jan. 2006 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- DOMESTIC 2ND/3RD GENERATION SEMISUBMERSIBLES (3) - ------------------------------------------------------------------------------------------------------------- Ocean Concord early Jan. 2004 One well plus option with Taylor in mid 40s beginning early Jan. 2004 and ending late Jan. 2004; available, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Lexington late Jan. 2004 availible, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Saratoga mid Dec. 2003 available, actively marketing. - ------------------------------------------------------------------------------------------------------------- DOMESTIC JACKUPS (11) - ------------------------------------------------------------------------------------------------------------- Ocean Crusader late Dec. 2003 availible, actively marketing - ------------------------------------------------------------------------------------------------------------- Ocean Drake early Jan. 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Columbia mid Dec. 2003 available, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Spartan mid Jan. 2004 availible; actively marketing - ------------------------------------------------------------------------------------------------------------- Ocean Spur mid Dec. 2003 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean King early Feb. 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Nugget early Jan. 2004 Six month extension + option in low 30's ending late June 2004; available, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Summit early Jan. 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Warwick mid Feb. 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Titan - Cantilever upgrade ending mid Jan. 2004; available, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Tower mid Feb. 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- 1 - ------------------------------------------------------------------------------------------------------------- INTERNATIONAL SEMISUBMERSIBLES (17) - ------------------------------------------------------------------------------------------------------------- MEXICO - ------------------------------------------------------------------------------------------------------------- Ocean Ambassador mid Dec. 2007 available. - ------------------------------------------------------------------------------------------------------------- Ocean Whittington early Oct. 2006 available. - ------------------------------------------------------------------------------------------------------------- Ocean Worker late July 2007 available. - ------------------------------------------------------------------------------------------------------------- Ocean Yorktown mid July 2007 available. - ------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------------------------- AFRICA - ------------------------------------------------------------------------------------------------------------- Ocean Patriot mid Jan. 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- NORTH SEA - ------------------------------------------------------------------------------------------------------------- Ocean Nomad - Three wells plus option in West Africa with Premier/Vaalco in upper 40s beginning mid Jan. 2004 and ending late June 2004. - ------------------------------------------------------------------------------------------------------------- Ocean Guardian late March 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Princess mid Feb. 2004 available, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Vanguard _ available; actively marketing. - ------------------------------------------------------------------------------------------------------------- AUSTRALASIA - ------------------------------------------------------------------------------------------------------------- Ocean Bounty mid Feb. 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Epoch late Dec. 2003 available, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean General late Jan. 2004 available, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Baroness early May 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Rover late Dec. 2003 First and second option wells exercised in 110s beginning late Dec. 2003 and ending late Feb. 2004, available; actively marketing. - ------------------------------------------------------------------------------------------------------------- 2 BRAZIL - ------------------------------------------------------------------------------------------------------------- Ocean Yatzy early Jan. 2004 Scheduled for survey beginning early 1st Qtr. 2004. Estimated downtime 30 days; available, actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Winner late Feb. 2004 Scheduled for survey in 1st Qtr. '04. Estimated downtime 60 days. - ------------------------------------------------------------------------------------------------------------- Ocean Alliance early Sept. 2004 Scheduled for survey in 1st Qtr. '04 Estimated downtime 60 days. - ------------------------------------------------------------------------------------------------------------- INTERNATIONAL DRILLSHIPS (1) - ------------------------------------------------------------------------------------------------------------- Ocean Clipper early Jan. 2004 700 day extension in 100's beginning early Jan. 2004 and ending mid Dec. 2005; availible. - ------------------------------------------------------------------------------------------------------------- INTERNATIONAL JACKUPS (2) - ------------------------------------------------------------------------------------------------------------- Ocean Sovereign early Feb. 2004 available; actively marketing. - ------------------------------------------------------------------------------------------------------------- Ocean Heritage - Three wells plus option in Ecuador with Noble Energy in mid 50's with 30-day mobe beginning mid Jan. 2004 and contract ending mid July 2004; actively marketing. - ------------------------------------------------------------------------------------------------------------- COLD STACKED (5) - ------------------------------------------------------------------------------------------------------------- Ocean Liberator - Cold stacked Nov. '02. - ------------------------------------------------------------------------------------------------------------- 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. - ------------------------------------------------------------------------------------------------------------- ASSETS REMOVED FROM SERVICE & HELD FOR SALE ** (2) - ------------------------------------------------------------------------------------------------------------- Ocean Century - Cold stacked July '98. - ------------------------------------------------------------------------------------------------------------- Ocean Prospector - Cold stacked Oct. '98. - ------------------------------------------------------------------------------------------------------------- NOTES: * ASSUME 95-98% UTILIZATION RATE DURING CONTRACTED PERIODS TO ALLOW FOR NORMAL EQUIPMENT REPAIR DOWNTIME. **TO BE USED FOR NON DRILLING PURPOSES. GOM = Gulf of Mexico ** TABLE COMPLETE ** 3