PDE: Another day, another 60 million dollar contract
biz.yahoo.com
I'll be adding all the way down to OSX 70 if need be.
Tuesday July 2, 9:40 am Eastern Time
Press Release
SOURCE: Pride International, Inc.
Pride International Announces Additional Pemex Contracts
HOUSTON, July 2 /PRNewswire-FirstCall/ -- Pride International, Inc. (NYSE: PDE - News) today announced that it has been awarded contracts for two Gulf of Mexico jackups by Petroleos Mexicanos S.A. (Pemex). The Pride Wisconsin and Pride California are being contracted for an aggregate of 1,641 days, with a total contract value in excess of $60 million. The two rigs, which are in addition to the three Pride jackups contracted by Pemex in March 2002, are expected to commence operations by mid-August 2002.
The Company also announced that the Pride South Carolina has commenced operations under a 1,338 day contract with Pemex awarded in March 2002. The rig joins the Pride Nevada and Pride Louisiana, which have been operating off Mexico since April.
Pride International, Inc., headquartered in Houston, Texas, is one of the world's largest drilling contractors. The Company provides offshore drilling, land drilling, and related services in more than 30 countries, operating a diverse fleet of 328 rigs, including two ultra-deepwater drillships, 12 semisubmersible rigs, 35 jackup rigs, and 29 tender-assist, barge and platform rigs, as well as 250 land rigs.
SOURCE: Pride International, Inc. |
