Q:

What is Pride International?

A:

Quick Answer

Pride International is a deep-water oil drilling company that was acquired by Ensco plc in 2011. Prior to its acquisition, Pride International was located in Houston, Texas, and operated deep-water semi-submersibles and drill ships in Saudi Arabia, India, Brazil and Mexico.

Continue Reading

Full Answer

At the time of its acquisition, Pride International had over 7,000 employees, operated over 50 units worldwide, and provided offshore drilling services to national and international oil and gas companies.

The Ensco-Pride merger gave the company an estimated value of $16 billion during the 2011 financial year and led to the creation of one of the largest international offshore drilling companies in the world. As of 2015, Ensco-Pride is located on six continents.

Learn more about Corporations

Related Questions

Explore