Pride International Reports No Significant Damage from Hurricane Rita

Pride International says following an aerial inspection of its U.S. Gulf of Mexico fleet, its ten jackups and four platform rigs appear to have suffered no significant damage from Hurricane Rita. The Company expects to have personnel onboard each rig today to complete a thorough inspection and prepare to return the rigs to operation.

The hurricane passed through the Company's operating areas, and the rigs had been secured and all personnel evacuated in accordance with its standard safety procedures.

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