Blake Offshore Names New President & CEO

Blake Offshore's Board of Directors has appointed Paul Butler, President & CEO of Blake Offshore effective November 1, 2008.

Butler served as the Company’s Chief Operating Officer and Executive Vice President since joining Blake Offshore in January 2007 and has over 30 years of experience in the offshore drilling rig and marine contracting industries. Prior to joining the Company, Butler was the President of Houma Industries, from 2000 to 2007.

Prior to joining Houma Industries, Butler served as Division CEO (President) of Pool Energy Services Inc's, Pool Offshore Division, which operated a combined fleet of 22 offshore jackup and platform rigs. He has considerable domestic and international rig design, rig construction and operating experience, the majority of which is in the US Gulf of Mexico, South East Asia and the Middle East. Butler holds a BS degree in Marine Engineering/Naval Architecture from Mississippi State and a MBA from Tulane University.

Butler commented, "I am excited about my new role at Blake Offshore. I believe my prior management experience with both Houma Industries, Pool Energy Services and as Chief Operating Officer of Blake Offshore will greatly benefit the Company as we continue to pursue our strategies for continued growth. I am honored to be selected to lead Blake Offshore's talented and experienced team."

Roy Oliver, an independent director of Blake Offshore commented, "We are delighted to have Paul Butler assume the role of President & CEO of Blake Offshore. His global operations experience and his reputation in the offshore rig industry make him the ideal person to lead Blake Offshore."