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    Pride International wins additional Pemex contracts

    News // July 5, 2002
    Pride International has announced that it has been awarded contracts for two Gulf of Mexico jack-ups by Petroleos Mexicanos SA (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 jack-ups 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.

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