Pride International, Inc. Reports All Rigs Accounted for and No Visible Damage to Fleet Following Hurricane Gustav

Pride International, Inc. Reports All Rigs Accounted for and No Visible Damage to Fleet Following Hurricane Gustav

Pride International, Inc. 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.

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