Pride International

Pride International, Inc. is one of the world's largest drilling contractors, operating a diverse fleet of rigs on a global basis. The Company provides offshore and onshore drilling, workover and related services in more than 20 countries with a fleet of almost 300 rigs. In 1999, Pride had revenues of $620 million and 5900 employees.

Pride's fleet incorporates leading-edge technology and is supported by comprehensive on-site inventories and maintenance capabilities. Offshore, Pride's assets range from platform and jackup rigs to semisubmersibles and ultra-deepwater drillships. Prides land rigs range in capability from shallow workover units to 30,000 feet drilling depths.

In addition to its drilling services, Pride offers complete well maintenance and engineering services. Maintenance activities are performed throughout the life of the well to ensure the well produces at optimum levels. Pride provides the rigs, equipment and crews for these maintenance services, which are performed on both oil and gas wells. Pride also provides work-over services.

From an engineering perspective, Pride employs a technical staff who design specialized drilling equipment to fill specific customer requirements. The engineering staff has designed and managed the fabrication of numerous rigs in the offshore rig fleet. This group also provides turnkey and project management services, reservoir drainage analysis and well engineering for customers.

Address: 5847 San Felipe
Suite 3300
Houston, TX 77057
Contact: 713-789-1400

Recent Articles

Randy Stilley Comes on Board of Paragon Offshore
Tuesday, February 04, 2014 With more than 38 years of experience, Stilley will head Noble Corporationís new spin-off, Paragon Offshore.
Ensco Completes Pride Acquisition
Tuesday, May 31, 2011 Ensco announced the completion of its acquisition of Pride International after both companies received overwhelming shareholder approvals.
Pride, Ensco Enter MOU in Merger Lawsuit
Friday, May 20, 2011 Pride and the other named defendants in the previously disclosed stockholder class action lawsuits filed related to the proposed merger with Ensco entered into a memorandum of understanding with the plaintiffs to settle the litigation.
Pride Extends Option for Construction with Samsung Heavy
Friday, April 01, 2011 Pride has reached agreement with Samsung Heavy to extend Pride's option for the construction of a sixth ultra-deepwater drillship by 30 days.
Pride Highlights 4Q Earnings in 2010
Thursday, February 17, 2011 Pride reported results for the 4Q included costs relating to reactivation and startup programs, along with higher than normal repair and maintenance expenses in preparation for increased regulatory inspections.
Pride Takes Delivery of 3rd Deepwater Drillship
Tuesday, January 25, 2011 Pride has dedicated and accepted delivery of the Deep Ocean Mendocino, the third new deepwater drillship to be added to the Pride International fleet.
Pride to Build 5th Deepwater Drillship
Tuesday, December 14, 2010 Pride International contracts Samsung to build its fifth ultra-deepwater drillship.
Pride Reports 3Q Financial Results
Thursday, November 04, 2010 "Our third quarter was highlighted by additional milestones achieved in our deepwater rig expansion program," said Louis A. Raspino.
Pride, Seahawk Face Different Timelines for Potential Sales
Wednesday, November 03, 2010 Pride and Seahawk have put up for-sale signs at the same time but are likely looking at diff. timelines in getting any potential deals done.
Pride Dedicates New Deepwater Drillship, Set for GOM Ops
Wednesday, August 25, 2010 The Deep Ocean Clarion was recently christened by Pride before mobilizing the rig to the U.S. GOM where it is expected to commence operations in the first quarter of 2011.
Pride Prices Public Offering of $1.2B
Wednesday, August 04, 2010 Pride has priced an underwritten public offering of $1.2 billion aggregate principal amount of senior notes.
Pride Swings to Loss in 2Q Due to Jackup Lag
Thursday, July 29, 2010 Revenues totaled $350.3 million during the second quarter of 2010 compared to $362.8 million and $439.5 million during the first quarter of 2010 and second quarter of 2009, respectively.
Pride International Receives Semisubmersible Rig Contract
Wednesday, May 05, 2010 Pride International has been awarded a one-year contract by OGX Petroleo e Gas Participacoes SA for the midwater semisubmersible rig Pride Venezuela.
Pride's Floating Rig Fleet Improves Financial Results
Thursday, April 29, 2010 "1Q 2010 financial results rebounded from the final quarter of 2009 with the return to service of the Pride North America and Pride South Pacific following the completion of scheduled shipyard projects," said Louis A. Raspino.
Pride's First Newbuild Drillship Rolls Off the Line at Samsung
Tuesday, February 23, 2010 Pride is expected to take delivery of the Deep Ocean Ascension in late February 2010, followed by the drillship's mobilization to the U.S. GOM.
Pride Maintains 'Solid' Balance Sheet Through 2009
Thursday, February 18, 2010 Pride International's net cash flows from operating activities were $95 million during the fourth quarter of 2009 and totaled $627 million for the year ended December 31, 2009.
Brazil: OGX-3 Discovery Could Contain Up to 900MM Barrels
Wednesday, February 03, 2010 Based on the final well information combined with the 3D seismic data interpretation, OGX estimates recoverable oil volume of between 500 and 900 million barrels for all OGX-3's reservoirs.
Pride South Atlantic Gets New ICCP System
Monday, January 18, 2010 Cathelco Brazil will provide a new retrofit cathodic protection system for the semisub drilling rig Pride South Atlantic.
OGX Spies Additional Hydrocarbons at Brazilian Well
Monday, December 28, 2009 OGX has identified intervals with hydrocarbons in reservoirs of the Aptian and Barremian sections of the well 1-OGX-3-RJS, located at block BM-C-41, in shallow waters of the southern part of Campos Basin.
C.K. Cooper & Co Initiates Coverage of Pride International
Wednesday, December 23, 2009 C. K. Cooper & Co has initiated coverage of Pride International Inc.