Pride closes sale of platform rig fleet

Pride International has completed the sale of its platform rig fleet to Blake International for $66 million in cash.

Offshore staff

HOUSTON -- Pride International has completed the sale of its platform rig fleet to Blake International for $66 million in cash. According to the company, proceeds from the sale are expected to be used for general corporate and strategic purposes, including potential funding for the construction of three ultra deepwater drillships.

05/28/2008

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