<PAGE> 1
EXHIBIT 99.1
MARINE DRILLING COMPANIES, INC.
RIG STATUS REPORT AS OF DECEMBER 12, 2000
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<CAPTION>
RATED CONTRACTS
WATER -------------------------------------------
RIG NAME RIG TYPE DEPTH LOCATION TYPE DAYRATES OPTIONS
----------- ------------------------------------- ------- --------------- ----------- ------------------ -------
<S> <C> <C> <C> <C> <S> <C>
MARINE 3 Jackup - Mat Slot 262' Gulf of Mexico Term $ 34,000 - 36,000 No
MARINE 4 Jackup - Mat Slot 250' Gulf of Mexico Single well 35,000 - 37,000 Yes
MARINE 15 Jackup - Mat Slot 250' Gulf of Mexico Multiple well 34,000 - 36,000 No
MARINE 16 Jackup - Mat Slot 250' Gulf of Mexico Single well 32,000 - 34,000 Yes
MARINE 17 Jackup - Mat Cantilever 200' Gulf of Mexico Single well 33,000 - 35,000 Yes
MARINE 18 Jackup - Mat Cantilever 250' Gulf of Mexico Term 37,000 - 39,000 No
MARINE 200 Jackup - Mat Cantilever 200' Gulf of Mexico Multiple well 35,000 - 37,000 Yes
MARINE 201 Jackup - Mat Cantilever 200' Gulf of Mexico Multiple well 34,000 - 36,000 No
MARINE 202 Jackup - Mat Cantilever 200' Gulf of Mexico Single well 36,000 - 39,000 Yes
MARINE 225 Jackup - Mat Slot 225' Gulf of Mexico Multiple well 29,000 - 31,000 No
MARINE 300 Jackup - Independent Leg Cantilever 250' Gulf of Mexico Single well 39,000 - 46,000 No
MARINE 301 Jackup - Independent Leg Cantilever 300' Gulf of Mexico Multiple well 39,000 - 45,000 No
MARINE 303 Jackup - Independent Leg Cantilever 300' Gulf of Mexico Multiple well 47,000 - 49,000 No
MARINE 304 Jackup - Independent Leg Slot 300' Gulf of Mexico Multiple well 33,000 - 35,000 No
MARINE 305 Jackup - Independent Leg Cantilever 300' Southeast Asia Term 38,700 No
MARINE 306 Jackup - Independent Leg Accommodation 205' North Sea - - -
MARINE 500 Semisubmersible - 4th Generation 5,000' Australia Term 168,600 No
MARINE 700 Semisubmersible - 4th Generation 7,500' Gulf of Mexico Term 141,800 No
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ESTIMATED
DATE
RIG NAME AVAILABLE COMMENTS
----------- ------------------- ------------------------------------
<S> <C> <C>
MARINE 3 mid-March 2001
MARINE 4 early-January 2001
MARINE 15 early-January 2001
MARINE 16 mid-December 2000
MARINE 17 mid-December 2000
MARINE 18 early-February 2001
MARINE 200 mid-February 2001
MARINE 201 early-January 2001
MARINE 202 early-January 2001
MARINE 225 early-January 2001
MARINE 300 late-January 2001
MARINE 301 mid-January 2001
MARINE 303 early-February 2001
MARINE 304 mid-December 2000
MARINE 305 late-November 2001
MARINE 306 - Stacked
MARINE 500 late-December 2001 cancellation right during 2001 with
MARINE 700 $95,890 per day subsidy obligation
early-August 2004 includes $11,800 per day of adjustments
to base dayrate
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