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PRESS RELEASE: Diamond Offshore Drilling, Inc. to Release Third Quarter 2011 Results on October 20

Diamond Offshore Drilling, Inc. to Release Third Quarter 2011 Results on October 20 HOUSTON--(BUSINESS WIRE)--October 05, 2011-- Diamond Offshore Drilling, Inc. (NYSE:DO) announced today that it will issue a press release and host a conference call and webcast related to its third quarter 2011 operating results on Thursday, October 20, 2011. The conference call and webcast will include a discussion by management regarding the Company's results of operation as well as an operating overview. The call will begin at 9:00 a.m. CDT. The news release and a live webcast of the conference call will be available online at the Company's web site, www.diamondoffshore.com. The dial-in number to participate in this conference call is 800-247-9979. Those individuals calling from international locations may participate by dialing 973-321-1100. The conference ID number is 13267272. A replay of the call will be available at www.diamondoffshore.com or by dialing 855-859-2056, or internationally, 404-537-3406. The telephone replay requires conference ID number 13267272 and will be available through October 27, 2011. 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 online at www.diamondoffshore.com. CONTACT: Diamond Offshore Drilling, Inc. Darren Daugherty, 281-492-5370 Director, Investor Relations

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