HOUSTON, TX, Mar 02, 2010 (MARKETWIRE via COMTEX) -- In the news release, "Pride International, Inc. Provides Fleet Contract Status Update," issued earlier today by Pride International (NYSE: PDE), we are advised by the company that the first sentence of the first paragraph should read "Pride International, Inc. (NYSE: PDE) today announced that its report of drilling rig status and contract information covering the company's fleet of offshore drilling rigs and its two drilling management projects has been updated as of March 2, 2010" rather than "Pride International, Inc. (NYSE: PDE) today announced that its report of drilling rig status and contract information covering the company's fleet of offshore drilling rigs and its two drilling management projects has been updated as of February 1, 2010" as originally issued. Complete corrected text follows.

Pride International, Inc. Provides Fleet Contract Status Update

HOUSTON, TX -- March 2, 2010 -- Pride International, Inc. (NYSE: PDE) today announced that its report of drilling rig status and contract information covering the company's fleet of offshore drilling rigs and its two drilling management projects has been updated as of March 2, 2010. The updated report, titled "Monthly Fleet Update," is available through the company's website at www.prideinternational.com and can be accessed at the Investor Relations link.

Pride International, Inc., headquartered in Houston, Texas, operates a fleet of 23 rigs, including two deepwater drillships, 12 semisubmersible rigs, seven independent leg jackups, and two managed deepwater rigs. The company also has four ultra-deepwater drillships under construction.

Statements regarding the estimated duration of client contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects, other out of service time, expected shipyard deliveries, as well as any other statements that are not historical facts in the report are 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.

Analyst Contact:
Jeffrey L. Chastain
(713) 917-2020

Media Contact:
Kate Perez
(713) 917-2343

SOURCE: Pride International