Pride International to Appoint Brian Voegele as Chief Financial Officer

Pride International reports Brian Voegele has agreed to accept the position of Senior Vice President and Chief Financial Officer. Mr. Voegele will join the Company from Offshore Logistics, Inc., where he has been Senior Vice President, Chief Financial Officer, Treasurer and Secretary since June of this year. Mr. Voegele previously was employed by Transocean, Inc. from 1989 to 2005, where he held several executive finance positions including Vice President, Finance; Vice President, Tax; and Vice President, Corporate Planning and Development. Prior to that, Mr. Voegele was a tax manager with Arthur Young & Co. Mr. Voegele is a certified public accountant with a Bachelor of Business Administration in Accounting from the University of Texas at Austin.

Louis Raspino, President and Chief Executive Officer, commented, "Brian's in-depth experience in finance, including sixteen years of executive experience in the drilling industry, will be beneficial to Pride as we continue our growth as one of the world's premier international drilling companies."

Mr. Voegele's employment is expected to begin in December 2005.

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