THE Todco

HOUSTON, Jan. 16 /PRNewswire-FirstCall/ -- TODCO (NYSE:THE) (the "Company") announced today that Jan Rask, the Company's President and Chief Executive Officer, will participate in a panel discussion at the Goldman Sachs Global Energy Conference in New York, NY on Thursday, January 18, 2007 at 2:30pm CST. This event will not be webcast, however a copy of TODCO's handouts for this conference will be available on the company's website at http://www.theoffshoredrillingcompany.com/ under the investor relations tab. 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". DATASOURCE: TODCO CONTACT: Dale Wilhelm, Vice President & CFO of TODCO, +1-713-278-6014 Web site: http://www.theoffshoredrillingcompany.com/

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