EXHIBIT 99.1
PRIDE INTERNATIONAL, INC.
RIG STATUS
RIG STATUS AS OF 6-18-03
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.
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Current Contract
Offshore Fleet Design Area From To Dayrate(1) Comments
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OWNED UNITS
DRILLSHIPS
Pride Africa 10,000' WD, DP W Africa Oct-99 Jun-05 $163,000
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Pride Angola 10,000' WD, DP W Africa May-00 May-05 $162,000
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SEMISUBMERSIBLES
Pride Brazil 5,000' WD, DP Brazil Jul-01 Jul-06 $134,000
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Pride Carlos Walter 5,000' WD, DP Brazil Jun-01 Jun-06 $134,000
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Pride North America 7,500' WD, Conv W Africa Aug-99 Aug-04 $164,000
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Pride North Sea 1,000' WD, Conv N Africa Nov-02 Dec-03 $52,000
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Pride South America 4,000' WD, DP Brazil Jan-03 Jan-05 $78,000
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Pride South Atlantic 1,500' WD, Conv Brazil Oct-02 Oct-03 $53,000
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Pride South Pacific 6,500' WD, Conv W Africa Jan-03 Mar-04 $98,000
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Pride South Seas 1,000' WD, Conv Mexico Oct-02 Jun-05 $53,000
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Pride Venezuela 1,500' WD, Conv Venezuela Feb-02 Feb-04 $79,000
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Viking 2,650' WD, Conv USA
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JACKUPS
International
Pride Cabinda 300' ILC W Africa Aug-00 Aug-05 $50,000 In shipyard for 5-yr
survey during 2Q03
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Pride Hawaii 300' ILC SE Asia Nov-01 Aug-03 $63,000
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Pride Montana 270' ILC Mid-East Jun-01 Jun-04 $47,000
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Pride North Dakota 250' ILC W Africa Oct-02 Oct-04 $62,000
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Pride Ohio 250' ILC Mid-East Apr-02 Mar-04 $40,000
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Pride Pennsylvania 300' ILC India Jun-03 Jun-06 $58,000 In shipyard for 5-yr
survey during 3Q03
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Pride Rotterdam 205' Accom N Sea Oct-02 Sep-03 $36,000
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Pride West Virginia 300' ILC India Nov-02 Nov-04 $52,000
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Gulf of Mexico
Pride Alabama 200' MC/TD Mexico Jul-03 Jul-07 $36,000
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Pride Alaska 250' MC/TD Mexico Nov-02 Jul-05 $35,000
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Pride Arizona 250' MS/TD USA
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Pride Arkansas 200' MC USA
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Pride California 250' MS/TD Mexico Aug-02 Oct-05 $33,000
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Pride Colorado 200' MC/TD Mexico Jul-03 Mar-07 $36,000
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Pride Florida 200' MC/TD USA Jun-03 Jul-03 $24,000
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Pride Georgia 250' MS/TD USA Jun-03 Jul-03 $24,000
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Pride Illinois 225' MS USA
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Pride Kansas 250' MC/TD USA Nov-02 Apr-04 $23,000 Dayrate indexed monthly
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Pride Kentucky 250' MS USA
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Pride Louisiana 250' MS/TD Mexico Apr-02 Jul-06 $33,000
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Pride Michigan 250' MS USA
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Pride Mississippi 200' MC/TD Mexico Sep-02 Apr-05 $37,000
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Pride Missouri 250' MC/TD USA May-03 Jul-03 $24,000
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Pride Nebraska 200' MC/TD Mexico Nov-02 Jan-06 $34,000
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Pride Nevada 200' MC/TD Mexico Apr-02 Jul-06 $32,000
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Pride New Mexico 200' MC USA May-03 May-04 $26,000
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Pride Oklahoma 250' MS/TD Mexico Sep-02 Apr-05 $35,000
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Pride South Carolina 200' MC/TD Mexico Jul-02 Mar-06 $32,000
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Pride Tennessee 300' ILC/TD Mexico Jul-03 Jun-06 $48,000
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(1) DAYRATES SHOWN ARE CONTRACT DAYRATES. THEY EXCLUDE REIMBURSABLE ITEMS,
MOBILIZATION AND DEMOBILIZATION FEES, BONUS AND OTHER ITEMS THAT
CONSTITUTE REVENUES UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, BUT
THAT IT IS 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.
DP--Dynamically-positioned. Conv--Conventionally moored. Accom--Accommodation
unit. ILC--Ind. leg cantilever. ILS--Ind leg slot. MC--Mat-supported cantilever.
MS Mat-supported slot. TD--Top drive.
PRIDE INTERNATIONAL, INC.
RIG STATUS
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Current Contract
Offshore Fleet Design Area From To Dayrate(1) Comments
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Pride Texas 300' MC/TD USA May-03 Aug-03 $26,000
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Pride Utah 80' MC/TD USA
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Pride Wisconsin 300' ILS/TD Mexico Aug-02 Dec-03 $35,000
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Mexico Jan-04 Dec-06 $36,000
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Pride Wyoming 250' MS USA
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Platform Rigs 21 Units GOM Various Various $22,000(2) 10 of 21 rigs contracted
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TENDERS
Al Baraka 1 650' WD W Africa Jun-01 Jul-03 $37,000
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Alligator 330' WD W Africa
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Barracuda 330' WD W Africa Jun-02 Sep-03 $38,000
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Ile De Sein 450' WD SE Asia Dec-02 Dec-04 $36,000
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Piranha 600' WD SE Asia Mar-03 Jun-05 $35,000 In shipyard for 5-yr
survey during 2Q03
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BARGES
Bintang Kalimantan 21' WD W Africa Sep-01 Sep-03 $30,000
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Pride I 150' WD Venezuela Jan-95 Jan-05 $25,000
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Pride II 150' WD Venezuela Jan-95 Jan-05 $25,000
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MANAGED UNITS
SEMISUBMERSIBLE
Leiv Eiriksson 8,200' WD, DP W Africa Jan-02 Aug-03 **(3) Management fee
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JACKUPS
GP 19 150' ILC Venezuela Dec-00 Jun-04 ** Management fee
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GP 20 150' ILC Venezuela Dec-00 Mar-04 ** Management fee
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RIG COUNT
LAND FLEET -----------------------
COUNTRY TOTAL CONTRACTED UTILIZATION
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ARGENTINA DRILLING 50 42 84%
ARGENTINA WORKOVER 100 91 91%
BOLIVIA DRILLING 6 3 50%
BOLIVIA WORKOVER 7 6 86%
COLOMBIA / EQUADOR DRILLING 14 9 64%
COLOMBIA WORKOVER 8 7 88%
BRAZIL DRILLING(4) 1 1 100%
BRAZIL WORKOVER(5) 8 8 100%
VENEZUELA DRILLING 8 5 63%
VENEZUELA WORKOVER 32 19 59%
RUSSIA / KAZAKHSTAN 3 3 100%
CHAD 5 5 100%
OTHER LAND 13 7 54%
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TOTAL RIGS 255 206 81%
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(1) DAYRATES SHOWN ARE CONTRACT DAYRATES. THEY EXCLUDE REIMBURSABLE ITEMS,
MOBILIZATION AND DEMOBILIZATION FEES, BONUS AND OTHER ITEMS THAT
CONSTITUTE REVENUES UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, BUT
THAT IT IS 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.
(2) AVERAGE CONTRACT DAYRATE FOR THE RIG CLASS.
(3) ** NOT APPLICABLE.
(4) RIG MANAGED BY PRIDE, BUT OWNED BY A THIRD PARTY.
(5) THREE RIGS MANAGED BY PRIDE, BUT OWNED BY THIRD PARTIES.
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
WITHOUT LIMITATION 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. 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 IN THESE STATEMENTS.
DP--Dynamically-positioned. Conv--Conventionally moored. Accom--Accommodation
unit. ILC--Ind. leg cantilever. ILS--Ind leg slot. MC--Mat-supported cantilever.
MS Mat-supported slot. TD--Top drive.