Pride International, Inc. to Present At the Lehman Brothers CEO Energy/Power Conference


HOUSTON, Aug. 28, 2008 (GLOBE 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 / Power Conference in New York. Mr. Raspino is scheduled to present on Thursday, September 4, 2008 at 7:45 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 offshore drilling contractors, operating a fleet of 47 offshore rigs, including two deepwater drillships, 12 semisubmersible rigs, 28 jackups and five managed deepwater rigs. The company also has four ultra-deepwater drillships under construction with expected deliveries in 2010 and 2011.

The Pride International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3388

Statements regarding expected shipyard delivery dates, 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.


            

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