Diamond Offshore Drilling, Inc.

Rig Status Report

RECENT COMMITMENTS (See Body of Report For Contract Details)

Water Contract
Depth¹ Year Dayrate Estimated Estimated Downtime4
2 3
Rig Name (feet) Type Built Location Operator (USD) Start Date End Date Status 1Q20 E Comments
Totals: 16
Gulf of Mexico
Ocean BlackHawk 12,000 DS 15K DP 2014 US GOM Oxy 495,000 mid Jun 2014 mid Apr 2020 Revenue recognition in the low $400's from Jun 2018 - Apr 2021
Undisclosed mid Apr 2020 mid Apr 2021 1-year extension + options
Senegal Woodside Undisclosed 2Q 2022 2Q 2023 Well based contract + options

Ocean BlackHornet 12,000 DS 15K DP 2014 US GOM BP Undisclosed mid Feb 2020 mid Feb 2022 2-year term + 2 x 1 year options

Ocean BlackRhino 12,000 DS 15K DP 2014 US GOM Hess 400,000 mid Feb 2017 late May 2020 3-year term 14 Special Survey at zero rate
Senegal Woodside Undisclosed 2Q 2021 4Q 2023 Well based contract + options

Ocean BlackLion 12,000 DS 15K DP 2015 US GOM Hess 400,000 mid Feb 2016 late Feb 2020 4-year term
US GOM BP Undisclosed mid Jul 2020 mid Jul 2022 2-year term + 2 x 1 year options

North Sea / Mediterranean / W. Africa

Ocean Valiant 5,500 SS 15K 1988 UK Shell Undisclosed early Nov 2019 Mar 2021 Well based contract + options

Ocean Endeavor 10,000 SS 15K 2007 UK Shell Undisclosed late May 2019 4Q 2021 Well based contract

Ocean GreatWhite 10,000 SS 15K DP 2016 UK - - - - Warm Stacked / Marketing

Australasia
Ocean Apex 6,000 SS 15K 2014 Australia Woodside Undisclosed late Jan 2020 late Oct 2020 4 wells + options
Australia BP Undisclosed late Oct 2020 mid Jan 2021 1 well + options
Australia Woodside Undisclosed mid Jan 2021 4Q 2021 Wells based contract

Ocean Onyx 6,000 SS 15K 2014 Australia Beach Undisclosed mid Apr 2020 2Q 2021 6 wells + 5 option wells Currently undergoing upgrades and reactivation in Singapore

Ocean Monarch 10,000 SS 15K 2008 Myanmar Posco International Undisclosed late Mar 2020 3Q 2021 7 wells + 5 option wells

South America
Ocean Courage 10,000 SS 15K DP 2009 Brazil Petrobras 380,000 late Feb 2018 late Jul 2020 Term extension 1

Ocean Valor 10,000 SS 15K DP 2009 Brazil Petrobras 289,000 mid Nov 2018 mid Nov 2020 2-year term extension 1 ~$40MM retroactive credit to be amortized over 2 - year extension

Stacked
Ocean America 5,500 SS 15K 1988 Malaysia - - - - Stacked
Ocean Rover 8,000 SS 15K 2003 Malaysia - - - - Stacked
Ocean Confidence 10,000 SS 15K DP 2001 Canary Islands - - - - Stacked Sale Pending

NOTES

(1) Water Depth refers to the rig's rated operating water depth capability. Often, rigs are capable of drilling or have drilled in greater water depths.

(2) Rig Type and Capabilities: SS=Semisubmersible; DS=Drillship; 15K=15,000 PSI Well-Control System; DP=Dynamically Positioned Rig

(3) Year Built represents when rig was built and originally placed in service or year redelivered with significant enhancements that enabled the rig to be classified within a different floater category
than when originally constructed.

(4) Downtime only includes downtime periods that as of this report date are experienced, or have been planned and estimable and/or do not necessarily reflect actual downtime experienced.
Additional downtime may be experienced in the form of possible mobes for new jobs not yet contracted, possible acceptance testing at new jobs, and unplanned maintenance and repairs. Survey
start times may also be accelerated or delayed for various reasons.

General Notes
Rig Utilization: Can be adversely impacted by additional downtime due to unscheduled repairs and maintenance, and other factors.

Dayrates: exclude amortized revenue related to amounts earned for certain activities, such as mobe, demobe, contract preparation, etc.
Survey Costs: During surveys, normal operating expense will be incurred, plus additional costs.

US GOM: U.S. Gulf of Mexico

Please refer to accompanying disclaimer as well as Diamond Offshore's 10-K and 10-Q filings with the SEC. Page 1 of 2
 Diamond Offshore Drilling, Inc.
Rig Status Report

Statements contained in this report that are not historical facts are “forward-looking statements” within the meaning of the federal
securities laws. Forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties that
could cause actual results to differ materially from those anticipated or expected by management of the Company. A discussion of the
important risk factors and other considerations that could materially impact these matters as well as the Company’s overall business and
financial performance can be found in the Company’s reports filed with the Securities and Exchange Commission, and readers of this
report are urged to review those reports carefully when considering these forward-looking statements. Copies of these reports are
available through the Company’s website at www.diamondoffshore.com. These risk factors include, among others, risks associated with
worldwide demand for drilling services, level of activity in the oil and gas industry, renewing or replacing expired or terminated contracts,
contract cancellations and terminations, maintenance and realization of backlog, competition and industry fleet capacity, impairments and
retirements, operating risks, changes in tax laws and rates, regulatory initiatives and compliance with governmental regulations,
construction of new builds, casualty losses, and various other factors, many of which are beyond the Company’s control. Given these risk
factors, investors and analysts should not place undue reliance on forward-looking statements. Each forward-looking statement speaks
only as of the date of this report. The Company expressly disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement to reflect any change in the Company’s expectations with regard thereto or any change in
events, conditions or circumstances on which any forward-looking statement is based.

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