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Diamond Offshore Drilling Inc. to Web Cast Presentation to Banc of America Energy & Power Conference

HOUSTON--(BUSINESS WIRE)--Nov. 3, 2004--Diamond Offshore Drilling Inc. (NYSE:DO) announced today that the Company's presentation to the Banc of America Energy & Power Conference will be available live via web cast beginning at 10:10 a.m. Pacific time on Monday, Nov. 15, 2004. The presentation will also be archived through Dec. 3, 2004.

To access the live or archived presentation, interested persons may click on the following link, http://www.veracast.com/webcasts/bas/energy-2004/id76104352.cfm or the Investor Relations section of Diamond offshore Web site at www.diamondoffshore.com.

Diamond Offshore is a leader in deep water drilling. The Company's fleet of 45 offshore drilling rigs consists of 30 semisubmersibles, 14 jack-ups and one drillship. The fleet operates in the waters of six of the world's seven continents. Additional information on Diamond Offshore Drilling Inc. and access to the Company's SEC filings is available on the Internet at www.diamondoffshore.com.

CONTACT: Diamond Offshore Drilling Inc., Houston
Les Van Dyke, 281-492-5370

SOURCE: Diamond Offshore Drilling Inc.