Total Career Benefits

Diamond Offshore offers one of the best compensation and benefits programs in the industry. We believe in treating people the right way and creating an environment that fosters our core values of teamwork, communication, growth, respect and service.

We value our people

Compensation and benefits vary reflecting the regions in which we operate to enable us to always provide the most competitive packages in the industry. Among the Diamond Offshore benefits in the U.S. for salaried and hourly employees are: 

Diamond Offshore 401(k) Retirement Plan 

  • Eligible to enroll from date of hire
  • Company match – 100% up to a maximum of 5% on pretax contributions, Roth contributions or a combination of both

Medical, Dental and Prescription Drug Coverage

  • Eligible for medical, dental and prescription drug benefits from date of hire
    • A PPO and HDHP managed medical care plan 
    • A DPPO managed dental plan
    • Prescription drug plan 
  • U.S. shore-based resident expatriates have 100% coverage outside of the U.S.

Health Advocate

  • Employer provided health advocate services 

Voluntary Vision Coverage

  • Employees may elect voluntary vision coverage for themselves and their eligible dependents

Vision Coverage - Safety Eyewear Plan  

  • Employer provided safety eyewear coverage

Employee Assistance Plan (EAP)

  • Employer provided counseling assessment  for employees and dependents

Pre-TAX Spending AccountS

  • Health FSA
  • Dependent Care FSA 
  • HSA for employees enrolled in the HDHP

Life and Accidental Death and Dismemberment Insurance

  • Employer provides two times annual salary to plan maximum

Dependent Life Insurance

  • Employer provided for spouse and dependents

Optional Life, Voluntary Accidental Death and Dismemberment, Critical Illness and Accident Insurance

  • Employees may elect voluntary benefits for themselves and their eligible dependents 

Disability Plans

  • Employer provides Short term and Long term disability coverage for all employees