Pride International (PDE) 8-K Regulation FD Disclosure

Exhibit 99.1

PRIDE INTERNATIONAL RIG STATUS
January 2, 2007

Offshore Fleet

			Current Contract1
Rig Name	Design	Area	From	To	Dayrate2	Comments
OWNED UNITS
Drillships - 2
Pride Africa	10,000' WD, DP	W Africa	Dec-04	Jan-10	Low $180s	7% potential performance bonus included
Pride Angola	10,000' WD, DP	W Africa	Jul-05	Jun-10	Low $180s	7% potential performance bonus included
Semisubmersibles - 12
Pride Brazil	5,000' WD, DP	Brazil	Jul-06	Jul-08	Low $160s	15% potential performance bonus included
			Aug-08	Jul-13	Mid $290s	15% potential performance bonus included
Pride Carlos Walter	5,000' WD, DP	Brazil	Jun-06	Jun-08	Low $160s	15% potential performance bonus included
			Jul-08	Jun-13	Mid $290s	15% potential performance bonus included
Pride North America	7,500' WD, Conv	Egypt	Jan-06	Jan-08	Low $200s
			Jan-08	Jan-11	Mid $440s	3rd Year Indexed +/- 10%
Pride North Sea	1,000’ WD, Conv	Tunisia	Nov-06	Feb-08	Low $120s	Multiple well contract; Term subject to program completion
			Feb-08	Aug-08	Low $120s	Priced Option -- Not Yet Exercised
Pride Portland	5,700' WD, DP	Brazil	Oct-05	Oct-10	Mid $160s	15% potential performance bonus included
Pride Rio de Janeiro	5,700' WD, DP	Brazil	Nov-05	Nov-10	Mid $160s	15% potential performance bonus included
Pride South America	4,000' WD, DP, WO	Brazil	Jan-03	Feb-07	High $90s	18% potential performance bonus included
			Feb-07	Jun-12	Mid $160s	18% potential performance bonus included; 60 days Survey/Shipyard/Transit Q3 ‘07
Pride South Atlantic	1,500' WD, Conv	Brazil	Jan-07	Apr-07	Mid $140s	Multiple well contract; Term subject to program completion
			May-07	Dec-07	High $230s	Multiple well contract; Term subject to program completion
			Jan-08	Feb-08	Low $280s	Multiple well contract; Term subject to program completion
			Mar-08	Feb-13	Mid $240s	10% potential performance bonus included
Pride South Pacific	6,500' WD, Conv	W Africa	Feb-06	Mar-07	Mid $140s	24 days Survey/Shipyard/Transit Q2 ‘07
			Apr-07	Jun-09	Mid $420s
Pride South Seas	1,000' WD, Conv	S Africa	Jul-05	Feb-07	High $60s
		Namibia	Feb-07	Jul-07	Low $230s	75 days Survey/Shipyard/Transit Q3 ‘07
Pride Venezuela	1,500' WD , Conv	W Africa	Sep-06	Mar-08	High $250s
			Apr-08	Sep-08	High $250s	Priced Option -- Not Yet Exercised
Pride Mexico	2,650' WD , Conv	Mexico	Oct-03	Apr-07	Low $50s	150 days SPS/Transit Q2-Q3 ‘07
Jackups —28
International (5)
Pride Cabinda	300' ILC	W Africa	Sep-05	Jan-08	High $50s	100 days Survey/Shipyard/Transit Q2-Q3 ‘07
Pride Hawaii	300' ILC	SE Asia	Nov-06	Jan-07	Mid-$140s	90 days SPS/Transit Q1 ‘07
		India	Apr-07	Apr-10	Mid-$140s
Pride Montana	270' ILC	Mid-East	Jun-04	Jun-07	Low $40s
			Jun-07	Jun-08	Low $40s	Priced Option -- Not Yet Exercised; 14 days planned maintenance Q2 ‘07
Pride North Dakota	250' ILC	Mid-East	May-05	May-08	High $50s
			May-08	May-10	High $50s	Priced Option -- Not Yet Exercised; 14 days planned maintenance Q2 ‘07
Pride Pennsylvania	300' ILC	India	Aug-06	Oct-09	Mid $110s
Gulf of Mexico - Mexico (11)
Pride Alabama	200' MC/TD	Mexico	Jul-03	Mar-07	Mid $30s	75 days Survey/Shipyard/Transit Q2 ‘07
Pride Arkansas	200' MC/TD	Mexico	Jan-07	Jan-09	Low $100s	75 days Survey/Shipyard/Transit Q4 ‘06
Pride California	250' MS/TD	Mexico	Sep-06	Oct-07	High $120s

Offshore Fleet
(cont’d)

			Current Contract1
Rig Name	Design	Area	From	To	Dayrate2	Comments
Pride Colorado	200' MC/TD	Mexico	Jul-03	Jun-07	Mid $30s	75 days Survey/Shipyard/Transit Q3 ‘07
Pride Louisiana	250' MS/TD	Mexico	Sep-06	Mar-07	Mid $120s	75 days Survey/Shipyard/Transit Q1-Q2 ‘07
			Jun-07	Mar-09	Mid $90s
Pride Nebraska	200' MC/TD	Mexico	Jun-06	Jun-08	Low $100s
Pride Nevada	200’ MC/TD	Mexico	Oct-06	Sep-07	Mid $130s
Pride South Carolina	200' MC/TD	Mexico	May-06	May-08	Low $100s
Pride Tennessee	300' ILC/TD	Mexico	Feb-07	Jul-09	Low $170s
Pride Texas	300' MC/TD	Mexico	Jun-05	Jun-07	Low $60s	75 days Survey/Shipyard/Transit Q3 ‘07
			Sep-07	Sep-09	Low $140s
Pride Wisconsin	300' ILS/TD	Mexico	Dec-03	Jan-07	Mid $30s	75 days Survey/Shipyard/Transit Q1 ‘07
			Apr-07	Nov-08	Low $130s
Gulf of Mexico - USA (12)
Pride Alaska	250' MC/TD	USA	Nov-06	Jan-07	Low $80s
			Jan-07	Jul-07	Mid $130s	Dayrate indexed to market; 75 Days Survey/Shipyard Q3 ’07
Pride Arizona	250' MS/TD	USA	Sep-06	May-07	Mid $60s	Assignment of contract from Pride Oklahoma
Pride Florida	200' MC/TD	USA	Mar-06	Mar-07	Mid $120s	Dayrate indexed to market
Pride Georgia	250' MS/TD	USA	Dec-06	Feb-07	Low $70s
Pride Kansas	250' MC/TD	USA	May-06	Nov-07	High $120s	Dayrate indexed to market
Pride Michigan	250' MS/TD	USA	May-06	Jan-07	Low $80s	75 Days Survey/Shipyard Q2 ’07
Pride Mississippi	200' MC/TD	USA	Sep-06	May-07	Low $100s
Pride Missouri	250' MC/TD	USA	Feb-06	Mar-07	Mid $120s	Dayrate indexed to market ; 75 Days Survey/Shipyard Q3 ’07
Pride New Mexico	200' MC/TD	USA	Aug-06	Nov-07	High $90s	Survey/Shipyard Q3 ’06-Q2’07: off revenue while in shipyard
Pride Oklahoma	250' MS/TD	USA	Nov-06	Feb-07	Low $80s
			Feb-07	Jun-07	High $80s
Pride Utah	80’ MC/TD	USA				Available
Pride Wyoming	250' MS/TD	USA	Dec-06	Jan-‘07	Low $70s	75 Days Survey/Shipyard Q3 ’07
Platform Rigs - 12
Platform Rigs - Mexico	3 Units	Mexico	Various	Various	Mid $20s3	3 of 3 rigs contracted
Platform Rigs - USA	9 Units	USA	Various	Various	Low $30s3	2 of 9 rigs contracted
Tenders - 3
Pride Ivory Coast	650' WD	W Africa	Jan-05	Apr-08	Low $40s
Alligator	330' WD	W Africa	Jun-06	Jun-07	Low $40s
Barracuda	330' WD	W Africa	Jan-07	Jun-07	High $60s
			Jul-07	Dec-07	High $60s	Priced Option -- Not Yet Exercised
Barges - 3
Bintang Kalimantan	21' WD	W Africa				Available
Pride I	150' WD	Venezuela	Jan-06	Feb-07	Low $30s
Pride II	150' WD	Venezuela	Jan-06	Feb-07	High $20s
MANAGED UNITS
Deepwater Drilling Management - 5
Kizomba A	TLPDrilling Rig	W Africa	Dec-03	Dec-08	**4	Management fee
Kizomba B	TLPDrilling Rig	W Africa	Mar-05	Mar-10	**	Management fee
Holstein	Spar Drilling Rig	USA	Aug-04	Apr-09	**	Management fee
Mad Dog	Spar Drilling Rig	USA	Sep-04	Sep-09	**	Management fee
Thunderhorse	Semisubmersible	USA	Apr-05	Apr-10	**	Management fee

Note: Items in bold face type reflect updates from the last publicly released rig status report.

1	Certain information in the table, including expected contract expiration dates, are estimates based on current arrangements with Pride’s customers and current expectations as to the time required for completion of projects. Priced options are agreements to allow the client to extend the contract beyond the stated expiration date at the listed dayrate (unless stated otherwise).
2	Dayrates shown estimate average revenue per day in $000’s. They include deferred mobilization amortization and potential performance bonus, and exclude reimbursable items, demobilization fees, and other items that constitute revenues under generally accepted accounting principles, but are not practicable to determine with specificity on a prospective basis. The Company believes this information is useful to investors in estimating revenues in future periods in combination with the contract term.
3	Average contract dayrate for the rig class.
4	** Not applicable.

The information in this release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning contract expiration dates and dayrates. Such statements are subject to a number of risks, uncertainties and assumptions, including early termination by the customer pursuant to the contract or otherwise, cancellation or completion of certain contracts earlier than expected, operational difficulties and other factors described in Pride’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q and other documents filed with the Securities and Exchange Commission, which are available free of charge at the SEC’s website at www.sec.gov or the Company’s website at www.prideinternational.com. Pride cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements.

[Key: DP-Dynamically-positioned. Conv-Conventionally moored. WO-Workover/Intervention. ILC-Ind. leg cantilever. ILS-Ind. leg slot. MC-Mat-supported cantilever. MS-Mat-supported slot. TD-Top drive.]

Land Fleet

	Rig Count				Contracted
Country	Total		Contracted		Utilization
Argentina Drilling		47		46		98	%
Argentina Workover		104		102		98	%
Bolivia Drilling		4		2		50	%
Bolivia Workover		2		2		100	%
Colombia Drilling		14		14		100	%
Colombia Workover		7		7		100	%
Mexico Workover		1		1		100	%
Venezuela Drilling		7		7		100	%
Venezuela Workover		23		18		78	%
Subtotal Latin America Land		209		199		95	%
Russia/Kazakhstan		2		1		50	%
Chad		5		5		100	%
Other Land		1		1		100	%
Total Rigs		217		206		95	%