Pride International's Sea Explorer contracted for Brazil operations

Pride International's semisubmersible rig, the Sea Explorer, has been awarded a two-year, $244 million contract from OGX Petroleo e Gas Participacoes SA for work offshore Brazil.

Offshore staff

HOUSTON -- Pride International's semisubmersible rig, the Sea Explorer, has been awarded a two-year, $244 million contract from OGX Petroleo e Gas Participacoes SA for work offshore Brazil.

The contract is expected to begin in August 2009, following the completion of an existing contract commitment in the Republic of Congo and mobilization to the new location.

TheSea Explorer is one of 14 semisubmersibles and drillships in the Pride fleet. It is a conventionally moored semisubmersible rig and is capable of operating in water depths of up to 1,000 ft (305 m).

09/11/2008

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