This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Parker Drilling Commences Drilling Operations With Rig 272, The Second Of Two New Arctic Alaska Drilling Units

HOUSTON, Feb. 28, 2013 /PRNewswire/ --  Parker Drilling Company (NYSE:PKD) announced today it has commenced drilling operations with the second of two Arctic Alaska Drilling Unit (AADU) rigs the Company developed to safely and efficiently perform in environmentally sensitive, harsh arctic environments. Rig 272 initiated operations earlier this week under the terms of the Company's five-year contract with BP.  Rig 273, the Company's first AADU rig, commenced operations in December 2012.



"As Rig 272 goes to work, we continue to build upon Parker's history of achievement in supporting arctic exploration and development," said Gary Rich, president and chief executive officer of Parker Drilling.  "From delivering drilling solutions in the world's most extreme environments to improving efficiencies in more conventional settings, we are focused on bringing proven practices and innovative approaches that transform our clients' ability to reach their objectives safely and reliably.

"With both AADU rigs now operating, we expect to demonstrate a new level of safety and performance in this important region," Mr. Rich continued.  "We look forward to working with BP and other operators to responsibly access the energy resources of the North Slope and are committed to leveraging the expertise we've gained through the AADU rig project to benefit our clients around the globe."

About Parker Drilling

Parker Drilling Company provides high-performance contract drilling solutions, rental tools and project management services to the energy industry.  Parker Drilling's rig fleet includes 23 land rigs and two offshore barge rigs in international locations, 12 barge rigs in the U.S. Gulf of Mexico, and two land rigs in the U.S.  The Company's rental tools business supplies premium equipment to operators on land and offshore in the U.S. and select international markets.  Parker also performs contract drilling for customer-owned rigs and provides technical services addressing drilling challenges for E&P customers worldwide.  More information about Parker Drilling can be found at, including operating status reports for the Company's Rental Tools segment and its international and U.S. rig fleets, updated monthly.

SOURCE Parker Drilling

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs