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.