BRIEF-Diamond Offshore Drilling Estimates Recovery & Repair Will Result In Ocean Greatwhite Being Off Rate For About 120 To 130 Days

Reuters03-16

March 15 (Reuters) - Diamond Offshore Drilling Inc

* DIAMOND OFFSHORE DRILLING : ESTIMATES RECOVERY & REPAIR WILL RESULT IN OCEAN GREATWHITE BEING OFF RATE FOR ABOUT 120 TO 130 DAYS FROM DATE OF INCIDENT

* DIAMOND OFFSHORE DRILLING: ESTIMATES RIG INVOLVED IN INCIDENT WILL RETURN TO EARNING RATE UNDER ITS CURRENT CONTRACT BY LATE MAY OR EARLY JUNE 2024

* DIAMOND OFFSHORE DRILLING: ESTIMATES DOWNTIME WOULD RESULT IN ABOUT $32 MILLION TO $35 MILLION IN REDUCED REVENUE DURING FIRST AND SECOND FISCAL QUARTERS

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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