HOUSTON, Aug. 29, 2007 (PRIME NEWSWIRE) -- Pride International, Inc. (NYSE:PDE) today announced that Louis A. Raspino, president and chief executive officer of the company, will address attendees at the Lehman Brothers CEO Energy Conference in New York. Mr. Raspino is scheduled to present on Wednesday, Sept. 5, 2007 at 11:05 a.m. ET.
A live broadcast of Mr. Raspino's presentation and a replay will be publicly accessible through the company's website at www.prideinternational.com and can be found under the Investor Relations link. Participants are encouraged to log onto the website at least 15 minutes before the scheduled start of the presentation to ensure that all software requirements are met.
Pride International, Inc., headquartered in Houston, Texas, is one of the world's largest drilling contractors. The company provides onshore and offshore drilling and related services in more than 25 countries, operating a diverse fleet of 277 rigs, including two ultra-deepwater drillships, 12 semisubmersible rigs, 28 jackups, 16 tender-assist, barge and platform rigs, five managed deepwater rigs and 214 land rigs. The company has two additional ultra-deepwater drillships under construction with expected deliveries in 2010. The company has reached a definitive agreement to sell its Latin America-based land drilling and workover rigs, two lake drilling barges and E&P Services business with an expected closing by the end of the third quarter of 2007. In addition, the company has announced an agreement to sell its three tender-assist rigs, with an expected closing in early 2008.
The Pride International, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3388
Statements regarding expected deliveries and closings, as well as any other statements that are not historical facts 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.