SOURCE: Pride International

Pride International

October 05, 2009 11:13 ET

Pride International, Inc. Provides Fleet Contract Status Update

HOUSTON, TX--(Marketwire - October 5, 2009) - Pride International, Inc. (NYSE: PDE) today announced that its report of drilling rig status and contract information covering the company's fleet of offshore drilling rigs and its three drilling management projects has been updated as of October 1, 2009. The updated report, titled "Monthly Fleet Update," is available through the company's website at www.prideinternational.com and can be accessed at the Investor Relations link.

Pride International, Inc., headquartered in Houston, Texas, operates a fleet of 24 rigs, including two deepwater drillships, 12 semisubmersible rigs, seven independent leg jackups, and three managed deepwater rigs. The company also has four ultra-deepwater drillships under construction.

Statements regarding the estimated duration of client contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects, other out of service time, expected shipyard deliveries, as well as any other statements that are not historical facts in the report are forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.

Contact Information

  • Analyst Contact:
    Jeffrey L. Chastain
    (713) 917-2020

    Media Contact:
    Kate Perez
    (713) 917-2343