HOUSTON, Jan. 11 /PRNewswire-FirstCall/ -- Pride International, Inc. announced that Jeffrey L. Chastain has agreed to accept the position of Vice President, Investor Relations and is expected to join the Company by the end of the month. Since 1994, Mr. Chastain has been employed by Transocean Inc., most recently as Vice President, Investor Relations and Corporate Communications. Over the course of a 23-year career, Mr. Chastain has served in investor relations and analytical roles in the energy-related and financial investment industries. Mr. Chastain holds Bachelor and Master of Business Administration degrees from the University of North Texas and is a past president of the Houston Chapter of the National Investor Relations Institute.
Louis A. Raspino, President and Chief Executive Officer, commented, "Jeff's investor relations experience, reputation and drilling industry knowledge, particularly in deepwater, clearly identify him as a leader in our industry. We are excited that he is joining our team, and we look forward to working with him as we continue our growth as one of the world's leading offshore drilling companies."
Pride International, Inc., headquartered in Houston, Texas, is one of the world's largest drilling contractors. The Company provides onshore and offshore drilling and related services in more than 25 countries, operating a diverse fleet of 277 rigs, including two ultra-deepwater drillships, 12 semisubmersible rigs, 28 jackups, 18 tender-assisted, barge and platform rigs, and 217 land rigs.
The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the Company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.
Contact: Robert E. Warren
Steven D. Oldham
(713) 789-1400
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