Paul T. Reese Appointed Chief Financial Officer of Pacific Drilling

  Paul T. Reese Appointed Chief Financial Officer of Pacific Drilling

Business Wire

LUXEMBOURG -- January 22, 2014

Pacific Drilling S.A. (NYSE: PACD) announced today that Paul T. Reese,
currently Vice President Controller, will assume the role of Chief Financial
Officer, effective February 28, 2014. Mr. Reese will succeed the company's
current CFO, William Restrepo, who is leaving the company to pursue another

“Paul’s extensive industry and financial experience in senior positions will
be invaluable to us as we continue delivering operational excellence following
an exceptional year of growth and operational performance in 2013,” said CEO
Chris Beckett. “As a founding member of our management team Paul already has a
strong track record of financial leadership with the company, and I amvery
pleased to be able to promote such a strong internal candidate to follow in
William's shoes. I’d also like to take this opportunity to thank William for
his significant contributions to the company, particularly his leadership
during the transition of Pacific Drilling from a private venture into a
publicly listed company. He leaves us with arobust capital structure and a
strong growth trajectory,and we wish him well for the future.”

Ron Moskovitz, Chairman of Pacific Drilling, commented, "I am pleased to
welcome Paul into this new leadership role, in alignment with the company’s
succession plan. He has the full confidence of the Board, and I am sure
hewill prove an exceptional successor to William. We expect Paul to focus on
the further strengthening of our capital structure and value creation for
shareholders. We as a Board will support him in achieving these goals.”

Mr. Moskovitz added, “I would like to thank William for all his contributions
in developing a strong finance function and preparing the company extremely
well forcontinued growth, as well as for his commitment to a seamless

Mr. Reese, a founding member of Pacific Drilling’s management team, joined the
company in 2008 from BHP Billiton where he was Controller for Exploration &
Development. His considerable industry experience includes more than a decade
at Transocean with international postings in the Far East and Latin America,
including Finance Director for the North and South America Business Unit and
Assistant Vice-President for Audit and Advisory Services. Prior to joining
Transocean, he worked at Arthur Andersen LLP. He completed his CPA in 2000. He
holds a BA in Economics and Managerial Studies and a Masters in Accounting
from Rice University.

About Pacific Drilling

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 eight ultra-deepwater drillships will represent one of the youngest
and most technologically advanced fleets in the world. The company currently
operates five drillships under customer contract, and has three drillships
under construction at Samsung, one of which is under customer contract. For
more information about Pacific Drilling, including our current Fleet Status,
please visit our website at


Pacific Drilling
Amy Roddy, +1 832 255 0502
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