Pride International, Inc. (NYSE: PDE) has dedicated the first of its four new deepwater drillships under construction by Samsung Heavy Industries in South Korea, the Deep Ocean Ascension.
The company is believed to take deliver of the rig in February 2010, followed by the mobilization of the rig to the U.S. Gulf of Mexico. The rig is expected to begin operations in the third quarter of 2010 under a 5-year contract with BP.
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Pride International, Inc., headquartered in Houston, Texas, operates a fleet of 23 rigs, including two deepwater drillships, 12 semisubmersible rigs, seven jackups and two managed deepwater rigs.
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