HOUSTON, Sept. 3, 2008 (GLOBE NEWSWIRE) -- Pride International, Inc. (NYSE:PDE) today reported that an air reconnaissance effort in the U.S. Gulf of Mexico was completed on September 2 and that its jackup rigs located in or near the path of Hurricane Gustav have been accounted for. The reconnaissance, conducted from a fixed-wing aircraft, found no visible damage to the units. Offshore personnel have begun returning to the rigs and will conduct a more thorough inspection of each unit.
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.