Exhibit 99.1
DIAMOND OFFSHORE DRILLING, INC.
RIG STATUS REPORT AS OF DECEMBER 11, 2000
<TABLE>
<CAPTION>
RIG NAME RATED DESIGN LOCATION STATUS OPERATOR
WATER
DEPTH
--------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Ocean Crusader 200' Mat Cantilever GOM Contracted Walter
--------------------------------------------------------------------------------------------------------------------------------
Ocean Drake 200' Mat Cantilever GOM Contracted Chevron
--------------------------------------------------------------------------------------------------------------------------------
Ocean Champion 250' Mat Slot GOM Contracted Cliffs/Chieftain
--------------------------------------------------------------------------------------------------------------------------------
Ocean Columbia 250' Independent Leg Cantilever GOM Contracted BP Vastar
--------------------------------------------------------------------------------------------------------------------------------
Ocean Spartan 250' Independent Leg Cantilever GOM Contracted BP Vastar
--------------------------------------------------------------------------------------------------------------------------------
Ocean Spur 250' Independent Leg Cantilever GOM Contracted BP Vastar
--------------------------------------------------------------------------------------------------------------------------------
Ocean Sovereign 250' Independent Leg Cantilever Indonesia Contracted Maxus
--------------------------------------------------------------------------------------------------------------------------------
Ocean Heritage 250' Independent Leg Cantilever Indonesia Contracted Maxus
--------------------------------------------------------------------------------------------------------------------------------
Ocean King 300' Independent Leg Cantilever GOM Contracted BP
--------------------------------------------------------------------------------------------------------------------------------
Ocean Nugget 300' Independent Leg Cantilever GOM Undergoing Repairs -
--------------------------------------------------------------------------------------------------------------------------------
Ocean Summit 300' Independent Leg Cantilever GOM Contracted EOG Resources
--------------------------------------------------------------------------------------------------------------------------------
Ocean Warwick 300' Independent Leg Cantilever GOM Contracted BP Vastar
--------------------------------------------------------------------------------------------------------------------------------
Ocean Titan 350' Independent Leg Slot GOM Contracted BP Vastar
--------------------------------------------------------------------------------------------------------------------------------
Ocean Tower 350' Independent Leg Slot GOM Contracted Houston Exploration
--------------------------------------------------------------------------------------------------------------------------------
Ocean Liberator 600' Aker H-3 Cote D'lvoire Contracted DOTS/Santa Fe
--------------------------------------------------------------------------------------------------------------------------------
Ocean Century 800' Korkut GOM Cold Stacked -
--------------------------------------------------------------------------------------------------------------------------------
Ocean Ambassador 1,100' Bethlehem SS-2000 GOM Contracted Stone Energy
--------------------------------------------------------------------------------------------------------------------------------
<PAGE>
RIG NAME RATED DESIGN LOCATION STATUS OPERATOR
WATER
DEPTH
--------------------------------------------------------------------------------------------------------------------------------
Ocean Nomad 1,200' Aker H-3 North Sea Contracted Veba
--------------------------------------------------------------------------------------------------------------------------------
Ocean Epoch 1,200' Korkut Singapore Stacked Ready -
--------------------------------------------------------------------------------------------------------------------------------
Ocean General 1,200' Korkut Australia Contracted Coastal
--------------------------------------------------------------------------------------------------------------------------------
Ocean New Era 1,500' Korkut GOM Stacked Ready -
--------------------------------------------------------------------------------------------------------------------------------
Ocean Bounty 1,500' Victory Class Australia Contracted Kerr McGee
--------------------------------------------------------------------------------------------------------------------------------
Ocean Guardian 1,500' Earl & Wright Sedco 711 NorthsSea Contracted Venture
Series
--------------------------------------------------------------------------------------------------------------------------------
Ocean Princess 1,500' Aker H-3 North Sea Contracted Talisman
--------------------------------------------------------------------------------------------------------------------------------
Ocean Whittington 1,500' Aker H-3 Brazil Contracted Petrobras
--------------------------------------------------------------------------------------------------------------------------------
Ocean Prospector 1,700' Victory Class GOM Cold Stacked -
--------------------------------------------------------------------------------------------------------------------------------
Ocean Endeavor 2,000' Victory Class GOM Stacked Ready -
--------------------------------------------------------------------------------------------------------------------------------
Ocean Rover 2,000' Victory Class GOM Cold Stacked -
--------------------------------------------------------------------------------------------------------------------------------
Ocean Concord 2,200' F&G SS-2000 GOM Contracted Walter
--------------------------------------------------------------------------------------------------------------------------------
Ocean Lexington 2,200' F&G SS-2000 GOM Contracted Kerr McGee
--------------------------------------------------------------------------------------------------------------------------------
Ocean Saratoga 2,200' F&G SS-2000 GOM Contracted Walter
--------------------------------------------------------------------------------------------------------------------------------
Ocean Yorktown 2,850' F&G SS-2000 Brazil Contracted Petrobras
--------------------------------------------------------------------------------------------------------------------------------
Ocean Voyager 3,200' Victory Class GOM Contracted Mariner
--------------------------------------------------------------------------------------------------------------------------------
Ocean Yatzy 3,300' DP DYVI Super Yatzy Brazil Contracted Petrobras
--------------------------------------------------------------------------------------------------------------------------------
Ocean Worker 3,500' F&G 9500 Enhanced Pacesetter GOM Contracted Shell
--------------------------------------------------------------------------------------------------------------------------------
Ocean Quest 3,500' Victory Class GOM Contracted DOTS/Shell
--------------------------------------------------------------------------------------------------------------------------------
<PAGE>
RIG NAME RATED DESIGN LOCATION STATUS OPERATOR
WATER
DEPTH
--------------------------------------------------------------------------------------------------------------------------------
Ocean Winner 3,500' Aker H-3 Brazil Contracted Petrobras
--------------------------------------------------------------------------------------------------------------------------------
Ocean Star 5,500' Victory Class GOM Contracted Kerr McGee
--------------------------------------------------------------------------------------------------------------------------------
Ocean Victory 5,500' Victory Class GOM Contracted BP
--------------------------------------------------------------------------------------------------------------------------------
Ocean America 5,500' Ocean Odyssey GOM Contracted BP
--------------------------------------------------------------------------------------------------------------------------------
Ocean Valiant 5,500' Ocean Odyssey GOM Contracted Amerada Hess
--------------------------------------------------------------------------------------------------------------------------------
Ocean Alliance 5,500' DP Ocean Ranger II Modified Brazil Contracted Petrobras
--------------------------------------------------------------------------------------------------------------------------------
Ocean Baroness 6,000' Victory Class Singapore Shipyard Upgrade -
--------------------------------------------------------------------------------------------------------------------------------
Ocean Confidence 7,500' DP Aker H-3.2 Modified GOM Contracted BP
--------------------------------------------------------------------------------------------------------------------------------
Ocean Clipper 7,500' DP Fluor/Mitsubishi Brazil Contracted Petrobras
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>
NOTES:
DOTS = Diamond Offshore Team Solutions, Inc.
GOM = Gulf of Mexico
** TABLE CONTINUED **
<PAGE>
<TABLE>
<CAPTION>
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE
----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Ocean Crusader first of two wells late November 2000 late December 2000
----------------------------------------------------------------------------------------------------------
Ocean Drake four month extension plus late September 2000 late January 2001
option
----------------------------------------------------------------------------------------------------------
Ocean Champion one well assignment from mid November 2000 late December 2000
Pogo
----------------------------------------------------------------------------------------------------------
Ocean Columbia one year term plus option mid January 2000 mid January 2001
----------------------------------------------------------------------------------------------------------
Ocean Spartan six month term plus option late November 2000 late May 2001
----------------------------------------------------------------------------------------------------------
Ocean Spur six month term plus option early October 2000 early April 2001
----------------------------------------------------------------------------------------------------------
Ocean Sovereign two-year term mid September 2000 early August 2002
----------------------------------------------------------------------------------------------------------
Ocean Heritage Substitution for Ocean mid October 2000 late March 2001
Sovereign
----------------------------------------------------------------------------------------------------------
Ocean King 90 day term plus option late October 2000 late February 2001
----------------------------------------------------------------------------------------------------------
Ocean Nugget - late September 2000 mid February 2001
----------------------------------------------------------------------------------------------------------
Ocean Summit one well extension mid November 2000 early January 2001
----------------------------------------------------------------------------------------------------------
Ocean Warwick six month term plus option early October 2000 early April 2001
----------------------------------------------------------------------------------------------------------
Ocean Titan one-well plus option early December 2000 early February 2001
----------------------------------------------------------------------------------------------------------
Ocean Tower one well early August 2000 mid December 2000
----------------------------------------------------------------------------------------------------------
Ocean Liberator two wells late October 2000 late January 2001
----------------------------------------------------------------------------------------------------------
Ocean Century - - -
----------------------------------------------------------------------------------------------------------
Ocean Ambassador one well plus option late November 2000 mid December 2000
----------------------------------------------------------------------------------------------------------
<PAGE>
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE
----------------------------------------------------------------------------------------------------------
Ocean Nomad one well plus one sidetrack late October 2000 mid January 2001
----------------------------------------------------------------------------------------------------------
Ocean Epoch - - -
----------------------------------------------------------------------------------------------------------
Ocean General one well plus two options early December 2000 early January 2001
----------------------------------------------------------------------------------------------------------
Ocean New Era - - -
----------------------------------------------------------------------------------------------------------
Ocean Bounty second of two wells late November 2000 late December 2000
----------------------------------------------------------------------------------------------------------
Ocean Guardian one well mid August 2000 mid December 2000
----------------------------------------------------------------------------------------------------------
Ocean Princess two wells plus two option early November 2000 early March 2001
----------------------------------------------------------------------------------------------------------
Ocean Whittington three-year term mid March 1998 mid March 2001
----------------------------------------------------------------------------------------------------------
Ocean Prospector - - -
----------------------------------------------------------------------------------------------------------
Ocean Endeavor - - -
----------------------------------------------------------------------------------------------------------
Ocean Rover - - -
----------------------------------------------------------------------------------------------------------
Ocean Concord one-well mid November 2000 early January 2001
----------------------------------------------------------------------------------------------------------
Ocean Lexington P&A program early December 2000 late January 2001
----------------------------------------------------------------------------------------------------------
Ocean Saratoga one well early November 2000 late December 2000
----------------------------------------------------------------------------------------------------------
Ocean Yorktown five-year term early June 1996 early June 2001
----------------------------------------------------------------------------------------------------------
Ocean Voyager one well early November 2000 mid December 2000
----------------------------------------------------------------------------------------------------------
Ocean Yatzy five-year term early November 1998 early November 2003
----------------------------------------------------------------------------------------------------------
Ocean Worker four-year term plus option mid January 1998 mid January 2002
----------------------------------------------------------------------------------------------------------
Ocean Quest P&A program late November 2000 mid December 2000
----------------------------------------------------------------------------------------------------------
<PAGE>
RIG NAME CURRENT TERM START DATE ESTIMATED END DATE
----------------------------------------------------------------------------------------------------------
Ocean Winner two-year term early May 1999 early May 2001
----------------------------------------------------------------------------------------------------------
Ocean Star Kerr McGee early December 2000 early February 2001
----------------------------------------------------------------------------------------------------------
Ocean Victory three-year term mid November 1997 early March 2001
----------------------------------------------------------------------------------------------------------
Ocean America one well late August 2000 mid February 2001
----------------------------------------------------------------------------------------------------------
Ocean Valiant 810 day term late September 1999 mid January 2001
----------------------------------------------------------------------------------------------------------
Ocean Alliance three-year term early September 2000 early September 2003
----------------------------------------------------------------------------------------------------------
Ocean Baroness - - February 2002
----------------------------------------------------------------------------------------------------------
Ocean Confidence five-year term upon customer acceptanc five-year term
----------------------------------------------------------------------------------------------------------
Ocean Clipper three-year term mid January 2000 mid January 2003
----------------------------------------------------------------------------------------------------------
</TABLE>
NOTES:
DOTS = Diamond Offshore Team Solutions, Inc.
GOM = Gulf of Mexico
** TABLE CONTINUED **
<PAGE>
<TABLE>
<CAPTION>
RIG NAME DAYRATE FUTURE CONTRACT
(IN AND
THOUSANDS) OTHER INFORMATION
--------------------------------------------------------------------------------------------
<S> <C> <C>
Ocean Crusader lower 20's contracted for two wells plus option with Walter in
lower 20's ending mid January 2001
--------------------------------------------------------------------------------------------
Ocean Drake mid 30's available
--------------------------------------------------------------------------------------------
Ocean Champion mid 30's one well plus option with Pogo in mid 30's ending
mid January 2001; followed by one well plus option
in upper 30's with Dominion ending early April 2001.
--------------------------------------------------------------------------------------------
Ocean Columbia upper teens available
--------------------------------------------------------------------------------------------
Ocean Spartan lower 40's available
--------------------------------------------------------------------------------------------
Ocean Spur upper 30's available
--------------------------------------------------------------------------------------------
Ocean Sovereign lower 30's shipyard repairs beginning mid December 2000 and
ending late March 2001
--------------------------------------------------------------------------------------------
Ocean Heritage lower 30's Substitution for Ocean Sovereign beginning early
October 2000 ending late March 2001
--------------------------------------------------------------------------------------------
Ocean King lower 50's available
--------------------------------------------------------------------------------------------
Ocean Nugget - available
--------------------------------------------------------------------------------------------
Ocean Summit lower 50's contracted for completion of previous well with EOG
Resources in lower 30's ending late January 2001
--------------------------------------------------------------------------------------------
Ocean Warwick lower 50's available
--------------------------------------------------------------------------------------------
Ocean Titan mid 30's available
--------------------------------------------------------------------------------------------
Ocean Tower mid 30's available
--------------------------------------------------------------------------------------------
Ocean Liberator lower 40's available
--------------------------------------------------------------------------------------------
Ocean Century - -
--------------------------------------------------------------------------------------------
Ocean Ambassador mid 30's available
--------------------------------------------------------------------------------------------
<PAGE>
RIG NAME DAYRATE FUTURE CONTRACT
(IN AND
THOUSANDS) OTHER INFORMATION
--------------------------------------------------------------------------------------------
Ocean Nomad upper 30's shipyard repairs beginning mid January 2001 and
ending mid April 2001
--------------------------------------------------------------------------------------------
Ocean Epoch - available
--------------------------------------------------------------------------------------------
Ocean General upper 40's contracted for one well with OMVl in lower 60's
ending late January 2001
--------------------------------------------------------------------------------------------
Ocean New Era - available
--------------------------------------------------------------------------------------------
Ocean Bounty upper 40's contracted for one well with Nippon in lower 60's
ending mid January 2001
--------------------------------------------------------------------------------------------
Ocean Guardian lower 40's contracted for one well extension with Venture in
lower 40's ending mid January 2001; followed by
shipyard ending mid February 2001
--------------------------------------------------------------------------------------------
Ocean Princess upper 30's available
--------------------------------------------------------------------------------------------
Ocean Whittington 100's available
--------------------------------------------------------------------------------------------
Ocean Prospector - -
--------------------------------------------------------------------------------------------
Ocean Endeavor - available
--------------------------------------------------------------------------------------------
Ocean Rover - -
--------------------------------------------------------------------------------------------
Ocean Concord lower 30's one well plus option with Walter in mid 30's ending
late January 2001
--------------------------------------------------------------------------------------------
Ocean Lexington mid 30's Spar program with Kerr McGee in lower 40's ending
early July 2001
--------------------------------------------------------------------------------------------
Ocean Saratoga mid 30's contracted for two wells plus option with Walter in
upper 30's ending late January 2001
--------------------------------------------------------------------------------------------
Ocean Yorktown lower 60's available
--------------------------------------------------------------------------------------------
Ocean Voyager lower 40's contracted for one well extension with option with
Mariner in lower 40's ending late January 2001
--------------------------------------------------------------------------------------------
Ocean Yatzy 120's available
--------------------------------------------------------------------------------------------
Ocean Worker 120's available
--------------------------------------------------------------------------------------------
Ocean Quest lower 70's available
--------------------------------------------------------------------------------------------
<PAGE>
RIG NAME DAYRATE FUTURE CONTRACT
(IN AND
THOUSANDS) OTHER INFORMATION
--------------------------------------------------------------------------------------------
Ocean Winner lower 80's contracted for 18 month extension with Petrobras in
lower 80's ending late October 2002
--------------------------------------------------------------------------------------------
Ocean Star mid 80's contracted for two well extension with Kerr McGee in
mid 90's ending early April 2001; followed by six
month extension plus option with Kerr McGee in
100's ending early October 2001
--------------------------------------------------------------------------------------------
Ocean Victory 120's contracted for 180 day extension plus option with BP
in 110's ending late August 2001
--------------------------------------------------------------------------------------------
Ocean America lower 80's one well extension plus option with BP in 110's
ending mid June 2001
--------------------------------------------------------------------------------------------
Ocean Valiant 110's contracted for Conger Prospect in 110's ending late
January 2001; followed by 120's ending late December
2001
--------------------------------------------------------------------------------------------
Ocean Alliance 110's available
--------------------------------------------------------------------------------------------
Ocean Baroness - available
--------------------------------------------------------------------------------------------
Ocean Confidence lower 170's available
--------------------------------------------------------------------------------------------
Ocean Clipper lower 90's available
--------------------------------------------------------------------------------------------
</TABLE>
NOTES:
DOTS = Diamond Offshore Team Solutions, Inc.
GOM = Gulf of Mexico
