EXHIBIT 99.1
PRIDE INTERNATIONAL, INC.
RIG STATUS
RIG STATUS AS OF 8-14-03
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 Jan-04 $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 Trinidad
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Viking 2,650' WD, Conv Mexico Oct-03 Apr-07 $49,000
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JACKUPS
International
Pride Cabinda 300' ILC W Africa Aug-00 Aug-05 $50,000
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Pride Hawaii 300' ILC SE Asia Nov-01 Nov-03 $63,000
Nov-03 May-05 $51,000 New contract
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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 Mar-04 $36,000 Contract extended
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Pride West Virginia 300' ILC India Nov-02 Nov-04 $52,000
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Gulf of Mexico - 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 Arkansas 200' MC/TD Mexico Nov-03 Oct-06 $35,000
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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 Louisiana 250' MS/TD Mexico Apr-02 Jul-06 $33,000
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Pride Mississippi 200' MC/TD Mexico Sep-02 Apr-05 $37,000
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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 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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Pride Texas 300' MC/TD Mexico Nov-03 Mar-05 $37,000
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Pride Wisconsin 300' ILS/TD Mexico Aug-02 Dec-03 $35,000
Mexico Jan-04 Dec-06 $36,000
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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.
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.
PRIDE INTERNATIONAL, INC.
RIG STATUS
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Current Contract
Offshore Fleet Design Area From To Dayrate(1) Comments
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Gulf of Mexico - USA
Pride Arizona 250' MS/TD USA
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Pride Florida 200' MC/TD USA Jul-03 Sep-03 $24,000
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Pride Georgia 250' MS/TD USA Jul-03 Nov-03 $22,000 Rate to $24,000 next well
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Pride Illinois 225' MS USA
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Pride Kansas 250' MC/TD USA Nov-02 Apr-04 $24,000 Dayrate indexed monthly
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Pride Kentucky 250' MS USA
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Pride Michigan 250' MS USA
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Pride Missouri 250' MC/TD USA Jul-03 Sep-03 $24,000
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Pride New Mexico 200' MC USA May-03 May-04 $26,000
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Pride Utah 80' MC/TD USA
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Pride Wyoming 250' MS USA
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PLATFORM RIGS
Platform Rigs - Mexico 3 Units Mexico Various Various $20,000(2) 3 of 3 rigs contracted
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Platform Rigs - USA 18 Units USA Various Various $20,000(2) 6 of 18 rigs contracted
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TENDERS
Al Baraka(1) 650' WD W Africa Jun-01 Aug-03 $37,000
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Alligator 330' WD W Africa
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Barracuda 330' WD W Africa Jun-02 Jan-04 $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
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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 Oct-03 **(3) Management fee
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JACKUPS
GP 19 150' ILC Venezuela Dec-00 Apr-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
ARGENTINA DRILLING 50 38 76%
ARGENTINA WORKOVER 100 92 92%
BOLIVIA DRILLING 6 3 50%
BOLIVIA WORKOVER 7 6 86%
COLOMBIA / ECUADOR DRILLING 14 13 93%
COLOMBIA / ECUADOR WORKOVER 9 8 89%
BRAZIL DRILLING(4) 1 1 100%
BRAZIL WORKOVER(5) 8 8 100%
VENEZUELA DRILLING 6 5 83%
VENEZUELA WORKOVER 25 17 68%
RUSSIA / KAZAKHSTAN 3 3 100%
CHAD 5 5 100%
OTHER LAND 20 7 35%
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TOTAL RIGS 254 206 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) Four rigs managed by Pride, but owned by third parties.
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.