Pride International Completes Sale of Latin America Business Unit

Pride International has completed the sale of its Latin America land-based drilling and workover rig business and its E&P Services business to GP Investments, Ltd. on the terms previously disclosed.

Pride International, Inc., headquartered in Houston, Texas, is one of the world's largest drilling contractors. The company provides offshore and land drilling and related services, operating a fleet of 68 rigs, including two ultra-deepwater drillships, 12 semisubmersible rigs, 28 jackups, 14 tender-assist, barge and platform rigs, five managed deepwater rigs and seven Eastern Hemisphere-based land rigs. The company has two additional ultra-deepwater drillships under construction with expected deliveries in 2010. The company has announced an agreement to sell three of its tender-assist rigs, with an expected closing in early 2008.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Sr. Electronics Engineer
Expertise: Electrical Engineering|Engineering Manager
Location: Houston, TX
 
United States Midland: Account Rep, Bus Dev
Expertise: Business Development|Sales
Location: Midland, TX
 
United States Midland: Account Rep, Bus Dev
Expertise: Business Development|Sales
Location: Midland, TX
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours