Pride International (PDE) 10-Q 2006 Q3 Quarterly report

Exhibit 12

Computation of Ratio of Earnings to Fixed Charges

	Nine Months
	Ended
	September 30,
	2006
	(In millions except
	ratio of earnings
	to fixed charges)
Earnings:
Income from continuing operations before income taxes and minority interest	$	359.7
Portion of rents representative of interest expense		11.3
Interest on indebtedness, including amortization of deferred loan costs		55.8
Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges		(0.9	)
Earnings, as adjusted	$	425.9
Fixed Charges:
Portion of rents representative of interest expense	$	11.3
Interest on indebtedness, including amortization of deferred loan costs		55.8
Capitalized interest		1.5
Total fixed charges	$	68.6
Ratio of earnings to fixed charges		6.20x