Pride International, Inc to provide Update On Fleet Contract Status

Pride International, Inc to provide Update On Fleet Contract Status

Saturday, August 2nd 2008

Pride International, Inc. has recently announced to the public that its report of drilling rig status and contract information covering the company’s fleet of offshore drilling rigs, its five drilling management projects, and a summary status of its Eastern Hemisphere-based land fleet, has been updated as of August 1, 2008. The updated report, titled “Monthly Fleet Update,” is available through the company’s website at http://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 offshore drilling contractors, operating a fleet of 54 rigs, including two deepwater drillships, 12 semisubmersible rigs, 28 jackups, five managed deepwater rigs and seven Eastern Hemisphere-based land rigs. The company also has three ultra-deepwater drillships under construction with expected deliveries in 2010 and 2011.

Contact:

Pride International, Inc. Analyst & Media Contact: Jeffrey L. Chastain

(713) 917-2020

Source: Pride International, Inc.

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