CORRECTING and REPLACING TODCO to Present at A.G. Edwards 2005 Energy

    Business Editors/Energy Editors
    CORRECTION...by TODCO
    A.G. Edwards Energy 2005 Conference

    HOUSTON--(BUSINESS WIRE)--March 9, 2005--In BW5055 issued March 9, 2005: First graph, second sentence of release should read: TODCO is scheduled to present on Tuesday, March 15, 2005 at 3:00 p.m. EST (sted 3:30 p.m. EST).

    The corrected release reads:

    TODCO TO PRESENT AT A.G. EDWARDS 2005 ENERGY CONFERENCE

    TODCO (the "Company") (NYSE:THE) announced today that David Crowley, its VP of Marketing, and Dale Wilhelm, its VP and Controller, will address attendees at the A.G. Edwards Energy Conference in Boston, Mass. TODCO is scheduled to present on Tuesday, March 15, 2005 at 3:00 p.m. EST. Interested parties may listen and view the presentation on TODCO's Web site at www.theoffshoredrillingcompany.com.
    TODCO is a leading provider of contract oil and gas drilling services with the largest rig fleet in the shallow water of the U.S. Gulf of Mexico and along the U.S. Gulf Coast. TODCO's common stock is traded on the New York Stock Exchange under the symbol "THE". For more information about TODCO, please go to the company's Web site at www.theoffshoredrillingcompany.com.

--30--LD/ho*

CONTACT: TODCO, Houston T. Scott O'Keefe, 713-278-6010

KEYWORD: MASSACHUSETTS TEXAS TRACK INDUSTRY KEYWORD: OIL/GAS ENERGY TRADESHOW CONFERENCE CALLS SOURCE: TODCO

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