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    Pride Carlos Walter commences operations

    Projects and Operations // June 29, 2001
    Pride International announced on 27 June that its newly built semi-submersible Pride Carlos Walter had commenced operations offshore Brazil for Petroleo Brasilerio SA (Petrobras) under a contract with an initial term of five years.

    The Pride Carlos Walter is a self-propelled, dynamically positioned semi-submersible capable of operating in water depths of up to 5,000 feet.

    The Pride Brazil, the sister rig to the Pride Carlos Walter, is currentlycompleting acceptance testing for Petrobras in Brazil. The rig is expected tocommence operations within the next few weeks pursuant to a separate five-yearcontract.

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