PROS - Company Presentation, December 2011

Luxembourg, 20 December 2011: Prospector Offshore
Drilling S.A. (the "Company") attended meetings with
current and prospective investors in New York City, NY
on 13-15 December 2011; a copy of the presentation can
be found at the Company's website:
www.prospectoroffshoredrilling.com. 

About the Company:
The Company is a high specification jack-up drilling
contractor.  The Company currently has contracts in
place for the design, construction, and delivery of
six F&G JU2000E high specification, harsh environment
(HS/HE) jack-up drilling rigs with deliveries
commencing in the fourth quarter 2012.  The Company
has option agreements for six additional rigs of the
same design.  Upon deployment the Company will have
the newest fleet of HS/HE jack-up rigs in the world,
operating with the most advanced drilling systems,
under a proven management team.

This press release contains forward-looking statements
that involve risks and uncertainties. You are
cautioned not to put undue reliance on forward-looking
statements because actual events and results may
differ materially from the expected results described
by such forward-looking statements. Prospector
Offshore Drilling S.A. disclaims any obligation to
update and revise any forward-looking statements,
whether as a result of new information, future events
or otherwise.

For further information, please contact: 

Contact: 
Steven A. Manz 
Chief Financial Officer 
Prospector Offshore Drilling S.A. 
Tel: +1 281 560 8010