PRIDE INT’L: Still Subject to Administrative Proceeding in Spain

Pride International, Inc. is still subject to a pending administrative proceeding initiated in July 2009 by a governmental authority of Spain under which such governmental authority is seeking payment in an aggregate amount of about US$4 million for an alleged…

PRIDE INT’L: Accrues $1.7MM at March 31 for Envt’l. Liabilities

Pride International, Inc., as of March 31, 2011, has an accrual of US$1.7 million for potential liability related to environmental matters.

The Company is currently subject to pending notices of assessment issued from 2002 to 2010 under which governmental authorities in…

PRIDE INT’L: Still Subject to Administrative Proceeding in Spain

Pride International, Inc. is currently subject to a pending administrative proceeding initiated in July 2009 by a governmental authority of Spain under which such governmental authority is seeking payment in an aggregate amount of about US$4 million for an alleged…

PRIDE INT’L: Accrues $1.4Mil at Sept. 30 over Notices in Brazil

Pride International, Inc. is currently subject to pending notices of assessment issued from 2002 to 2010 under which governmental authorities in Brazil are seeking fines in an aggregate amount of about US$1.4 million, based on exchange rates as of Sept.…