Pride Taps Chastain as Investor Relations Officer

Pride International, Inc. announced that Jeffrey L. Chastain has agreed to accept the position of Vice President, Investor Relations. Chastain is expected to join the company by the end of the month.

Since 1994, Chastain has been employed by Transocean Inc., most recently as Vice President, Investor Relations and Corporate Communications. Over the course of a 23-year career, he has served in investor relations and analytical roles in the energy-related and financial investment industries. Chastain holds Bachelor and Master of Business Administration degrees from the University of North Texas and is a past president of the Houston Chapter of the National Investor Relations Institute.

Louis A. Raspino, President and Chief Executive Officer, commented, "Jeff's investor relations experience, reputation and drilling industry knowledge, particularly in deepwater, clearly identify him as a leader in our industry. We are excited that he is joining our team, and we look forward to working with him as we continue our growth as one of the world's leading offshore drilling companies."

Pride International, Inc., headquartered in Houston, Texas, is one of the world's largest drilling contractors. The company provides onshore and offshore drilling and related services in more than 25 countries, operating a diverse fleet of 277 rigs, including two ultra-deepwater drillships, 12 semisubmersible rigs, 28 jackups, 18 tender-assisted, barge and platform rigs, and 217 land rigs.