Pride International Inks Long Term Contracts for Two Jackups

Pride International has contracted to operate its 250 ft. mat-supported cantilever jackup Pride Missouri in the U.S. Gulf of Mexico for a one-year term at $90,000 per day for the first 90 days commencing late first quarter 2006, with the rate indexed at 90-day increments following the initial term. In addition, the Company signed a one-year term contract for the 200 ft. mat-supported cantilever jackup Pride Florida at a dayrate to be determined every 90 days by an indexing mechanism commencing late first quarter 2006. At current market conditions, the rate would be $85,000 per day.

Louis Raspino, President and Chief Executive Officer commented, "We are pleased to announce these new contracts which reflect our continuing efforts to secure longer-term contracts in the Gulf of Mexico with indexed pricing that retains our exposure in that market."

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Well Monitoring Specialist
Expertise: WellSite Supervisor
Location: Houston, TX
Chief Mechanic (6th Gen Drillship)(Contract)
Expertise: Rig Mechanic
Location: Houma, LA
ET (Deepwater Drillship)
Expertise: Rig Electrician
Location: Houma, LA
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours