SOURCE: Pride International

Pride International

February 15, 2011 17:09 ET

Pride International, Inc. Provides Update on Fourth Quarter 2010 Earnings Conference Call

HOUSTON, TX--(Marketwire - February 15, 2011) - Pride International, Inc. (NYSE: PDE) today reported that, in light of the agreement and plan of merger with Ensco plc announced on February 7, 2011, the company will not host a conference call planned for Thursday, February 17, 2011 following its report of fourth quarter and full year 2010 financial results. The company will report its financial results on the morning of February 17 as planned.

Pride International, Inc., headquartered in Houston, Texas, operates a fleet of 26 mobile offshore drilling units, consisting primarily of floating rigs (semisubmersibles and drillships) that address deepwater drilling programs around the world. The company has one of the youngest and most technologically advanced deepwater drilling fleets in the offshore industry, with five drillships, including three delivered since 2010, six semisubmersible rigs and two managed deepwater rigs. Two additional deepwater drillships are currently under construction with expected deliveries in 2011 and 2013. The company's fleet also includes six other semisubmersible rigs and seven jackup rigs. Pride International's floating rig fleet operates primarily offshore Brazil and West Africa where the company has a long-standing presence.

The information above includes 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