THE Todco

HOUSTON, Oct. 3 /PRNewswire-FirstCall/ -- TODCO (NYSE:THE) (the "Company") has scheduled a conference call to discuss its third quarter financial results on Thursday, November 2, 2006 at 8:00 a.m. (CST). A press release containing the third quarter results will be issued that same day, prior to market open on the New York Stock Exchange. Interested parties may access the call through the Company's web site at http://www.theoffshoredrillingcompany.com/ or by dialing (800) 374-0113 or (706) 758-9607, code 7223910. A replay of the conference call will be available for approximately 30 days after the call on the Company's web site or by dialing (800) 642-1687 or (706) 645-9291, reference code 7223910. 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 http://www.theoffshoredrillingcompany.com/ . DATASOURCE: TODCO CONTACT: Dale Wilhelm, Vice President & CFO of TODCO, +1-713-278-6014 Web site: http://www.theoffshoredrillingcompany.com/

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