HOUSTON, May 7, 2007 (PRIME NEWSWIRE) -- In the release issued earlier, please note that the following table, Quarterly Selected Segment Metrics, is a replacement. The numbers under Q1 2006 were incorrect in the previous version, please use the following instead:
Pride International, Inc.
Quarterly Selected Segment Metrics
Q1 2007 Q4 2006
Average Daily Average Daily
----------------------------- ---------------------------
Revenues(1) Utilization(2) Revenues(1) Utilization(2)
------------ -------------- ----------- --------------
Offshore Segment
Deepwater $195,400 98% $193,000 88%
Midwater $150,000 99% $129,800 91%
Jackups $ 90,700 80% $ 90,100 80%
Other $ 45,500 71% $ 47,900 61%
Q1 2006
Average Daily
-----------------------------
Revenues (1) Utilization(2)
------------ --------------
Deepwater $178,000 88%
Midwater $ 85,700 89%
Jackups $ 65,100 95%
Other $ 42,900 80%
(1) Average daily revenues are based on total revenues for each type
of rig divided by actual days worked by all rigs of that type.
Average daily revenues will differ from average contract dayrate
due to billing adjustments for any non-productive time,
mobilization fees, demobilization fees, performance bonuses and
charges to the customer for ancillary services.
(2) Utilization is calculated as the total days worked divided by
the total days in the period.