Pride International Add to Board of Directors

Pride International has appointed Robert G. Phillips to the Company's board of directors.

Over the past 26 years, Mr. Phillips has served in numerous senior management positions in the oil and gas industry, most recently until June 2007 as president and chief executive officer and a director of the general partner of Enterprise Oil Products Partners L.P. (Enterprise), a publicly traded North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids and crude oil. Mr. Phillips also served as chief executive officer of the general partner of GulfTerra Energy Partners, L.P. from 1999 to 2004 prior to its acquisition by Enterprise, and held numerous management positions with El Paso Corporation and its affiliated companies, including president of El Paso Field Services Company from 1996 to 2004. From 1981 to 1995, Mr. Phillips served as chairman, president and chief executive officer of Eastex Energy, Inc.

Mr. Phillips is a member of the executive committee for the Texas Oil and Gas Association and is on the advisory council of the McCombs School of Business at the University of Texas at Austin. He is also active in Houston civic affairs, serving on the board of directors of Boys & Girls Country of Houston and Junior Achievement of Southeast Texas, Inc.

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 and has announced an agreement to sell three of its tender-assist rigs.