Diamond Offshore Drilling, Inc. Reports All Rigs Maintained Station During Hurricane Ike

Diamond Offshore Drilling, Inc. Reports All Rigs Maintained Station During Hurricane Ike

Diamond Offshore Drilling, Inc. reported that tracking devices indicate all of the Company’s rigs maintained station during Hurricane Ike, and 10 of 12 units most impacted by the storm appear to have suffered relatively little or no damage according to reports from start-up crews and visual air inspections.

Of the remaining two, visual inspections by air indicate the 350-ft. IC jack-up rig Ocean Tower, which was directly in the path of the storm, lost its entire drilling package, including the derrick. An assessment team will fly to the Tower today, weather permitting. The jack-up unit Ocean Drake is in a Galveston shipyard, but due to access issues has not been inspected.

The Company is working to re-crew its rigs and resume operations as quickly as practical.

Diamond Offshore provides contract drilling services to the energy industry around the globe and is a leader in deepwater drilling. Additional information on Diamond Offshore Drilling, Inc. and access to the Company’s SEC filings is available on the Internet at www.diamondoffshore.com.

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