| Business Summary | | Pride
International,
Inc.
is
an
international
provider
of
contract
drilling
and
related
services,
operating
both
offshore
and
on
land.
In
recent
years,
the
Company
has
focused
its
growth
strategy
on
the
higher
margin
offshore
and
international
drilling
markets.
As
of
March
30,
2001,
the
Company
operated
a
global
fleet
of
304
rigs,
including
two
ultra-deepwater
drill
ships,
eight
semi
submersible
rigs,
19
jackup
rigs,
five
tender-assisted
rigs,
three
barge
rigs,
21
offshore
platform
rigs
and
246
land-based
drilling
and
workover
rigs.
The
Company
operates
in
more
than
20
countries
and
marine
provinces.
The
significant
diversity
of
its
rig
fleet
and
areas
of
operation
enables
the
Company
to
provide
a
broad
range
of
services
and
to
take
advantage
of
market
upturns
while
reducing
its
exposure
to
sharp
downturns
in
any
particular
market
sector
or
geographic
region. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pride
International
is
a
leading
international
provider
of
contract
drilling,
routine
maintenance
and
related
services,
operating
both
offshore
and
on
land.
For
the
six
months
ended
6/30/01,
revenues
rose
42%
to
$561.4
million.
Net
income
totaled
$30.1
million
vs.
a
loss
of
$8.9
million.
Results
reflect
increased
utilization
and
higher
dayrates
for
the
Gulf
of
Mexico
jackup
and
platform
rigs.
Results
also
reflect
higher
utilization
of
the
land-based
fleet. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| James Clement, 54 Chairman | -- | Paul Bragg, 44 Pres,
CEO, Director | $1.0M | Ralph McBride, 53 Vice
Chairman | -- | James Allen, 56 Sr.
VP -Operations, COO | 532K | Earl McNiel, 41 VP
and CFO | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|