Diamond Offshore Drilling Announces Two New-build Drillship Contarct Are Expected to Generate $1.8B in Revenue

Diamond Offshore Drilling, Inc. DO today announced that a subsidiary of the Company has entered into two term drilling contracts with Anadarko Petroleum Corporation. The contracts, which will utilize Diamond Offshore's two new-build drillships now on order, are expected to generate combined maximum total revenue of approximately $1.8 billion and represent 10 years of contract drilling backlog. In addition, Anadarko and Diamond have mutually agreed to dismiss all claims related to the Ocean Monarch.