Mr Dickerson has been with the company since 1979 and was previously CFO from 1989 until 1998 when he became president and COO. Additionally, Mr Dickerson is a past chairman of both the International Association of Drilling Contractors and National Ocean Industries Association.

Mr Tisch said: We are pleased to recognize Larry’s key contributions to Diamond Offshore with this important promotion. As the company’s leader in Houston, Larry has been instrumental in the development of staff and personnel who have delivered outstanding performance in drilling markets around the world.