HOUSTON, Oct. 5, 2007 (PRIME NEWSWIRE) -- 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, its five drilling management projects, along with a summary status of its Eastern Hemisphere-based land fleet, has been updated as of Oct. 4, 2007. The updated report, titled "Monthly Fleet Update," is available through the company's World Wide Web address at www.prideinternational.com and can be accessed at the Investor Relations link.
Pride International, Inc., headquartered in Houston, Texas, is one of the world's largest drilling contractors. The company provides offshore and land drilling and related services, operating a fleet of 68 rigs, including two ultra-deepwater drillships, 12 semisubmersible rigs, 28 jackups, 14 tender-assist, barge and platform rigs, five managed deepwater rigs and seven Eastern Hemisphere-based land rigs. The company has two additional ultra-deepwater drillships under construction with expected deliveries in 2010. The company has announced an agreement to sell three of its 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 the estimated duration of client contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects, other out of service time, expected delivery and closing dates, 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.