Pacific Drilling Receives Delivery of its Ultra-Deepwater Drillship the Pacific Santa Ana

LUXEMBOURG--(BUSINESS WIRE)--Pacific Drilling S.A. (NYSE:PACD) (NOTC:PDSA) announced today that it has received delivery of its newest drillship, the Pacific Santa Ana. The drillship features the most advanced drilling technology in the offshore drilling industry, including dual load path capability and dual gradient drilling upgrades. The Pacific Santa Ana is capable of operating in water depths of up to 12,000 feet and drilling wells 40,000 feet deep.

Pacific Drilling CEO, Chris Beckett, stated, “We are very proud to announce the delivery of the Pacific Santa Ana. This drillship incorporates the newest advances in offshore drilling technology and is the first ultra-deepwater rig equipped for dual gradient drilling, an innovation that is expected to provide significant benefits in drilling safety and efficiency. The delivery of the Pacific Santa Ana, the fourth rig in our fleet, completes the first phase of Pacific Drilling’s growth strategy to become the industry’s preferred ultra-deepwater drilling contractor.”

With its best-in-class drillships and highly experienced team, Pacific Drilling is a fast growing company that is committed to becoming the industry’s preferred ultra-deepwater drilling contractor. Pacific Drilling’s fleet of six ultra-deepwater drillships will represent one of the youngest and most technologically advanced fleets in the world. The company currently operates four recently delivered drillships and has two additional drillships on order at Samsung to be delivered in 2013. For more information about Pacific Drilling, including our current Fleet Status, please visit our website at www.pacificdrilling.com.

Statements regarding the estimated duration of client contracts, contract dayrate amounts, future contract commencement dates and locations, and other statements that are not historical facts in this press release are forward-looking statements and are subject to certain risks, uncertainties and assumptions and consequently actual results may differ materially from those indicated or implied by such forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any of them in light of new information, future events or otherwise.