Parker Awarded Contracts; Sets New World Record for Extended Reach Drilling

Parker Drilling Company (NYSE: PKD), announced today the award of new contracts for three international land rigs to certain subsidiaries operating in Mexico and Turkmenistan. Parker Drilling was awarded a two rig, three-year contract for land drilling services in southern Mexico. Parker rigs 266 and 267, two new build 2000HP rigs, will begin mobilizing to location during the second quarter and are expected to begin drilling operations during the third quarter.