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Pacific Drilling Announces Ultra-Deepwater Drillship Pacific Mistral Begins Contract in Brazil

Pacific Drilling S.A. (NYSE: PACD) announced today that its ultra-deepwater drillship the Pacific Mistral commenced operations in Brazil on February 6, 2012. The drillship is contracted for a three-year term to PetrĂ³leo Brasileiro S.A. (NYSE: PBR).

The Pacific Mistral is capable of operating in water depths of up to 12,000 feet and drilling wells 37,500 feet deep.

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