Diamond Offshore Wins Contract for Ocean America



Diamond Offshore has signed a term contract for one year, plus option, on the 4th generation rig Ocean America for work in the Gulf of Mexico. The contract, which is expected to provide maximum total revenue of approximately $84 million, is scheduled to commence in mid-November 2005.

Larry Dickerson, President and Chief Operating Officer, said, "The addition of this contract to the seven signed and pending contracts we announced earlier this week further augments our stream of future revenue and cash flow into 2006, while the relatively short term of the contract will afford continuing participation in future market movement."

RELATED COMPANIES
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.