Filed Pursuant to Rule 424(b)(3)
                                                      Registration No. 333-89604


PROSPECTUS SUPPLEMENT NO. 8
(TO PROSPECTUS DATED AUGUST 29, 2002)

[PRIDE LOGO]


                                  $300,000,000
                    2 1/2% Convertible Senior Notes Due 2007
                                       and
               Common Stock Issuable Upon Conversion of the Notes

         This document supplements our prospectus dated August 29, 2002, as
supplemented to date (the "prospectus"), relating to $300,000,000 aggregate
principal amount of our 2 1/2% Convertible Senior Notes Due 2007 and the common
stock issuable upon conversion of the notes. You should read this prospectus
supplement in conjunction with the accompanying prospectus, which is to be
delivered by selling securityholders to prospective purchasers along with this
prospectus supplement. The information in the following table supplements the
information under the caption "Selling Security Holders" in the prospectus.

 
 
                                                   PRINCIPAL AMOUNT OF                  NUMBER OF SHARES
                                                    NOTES BENEFICIALLY   PERCENTAGE OF   OF COMMON STOCK    PERCENTAGE OF
                                                      OWNED THAT MAY        NOTES             THAT           COMMON STOCK
 NAME                                                    BE SOLD          OUTSTANDING      MAY BE SOLD     OUTSTANDING (1)
 ----                                                    -------          -----------      -----------     ---------------
                                                                                               
 California Public Employees Retirement
     System (2)..............................         $  3,000,000           1.0%             181,708             *
 

- ---------------------
*        Less than 1%
(1)      Calculated using 152,612,798 shares of common stock outstanding as of
         November 8, 2002. In calculating this amount, we treated as outstanding
         the number of shares of common stock issuable upon conversion of all of
         the notes currently outstanding.
(2)      California Public Employees Retirement System also beneficially owns
         657,200 shares of common stock.

         INVESTING IN THE NOTES AND THE COMMON STOCK ISSUABLE UPON THEIR
CONVERSION INVOLVES CERTAIN RISKS. SEE "RISK FACTORS" BEGINNING ON PAGE 6 OF THE
ACCOMPANYING PROSPECTUS.

         NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ADEQUACY OR ACCURACY OF THIS PROSPECTUS SUPPLEMENT OR THE ACCOMPANYING
PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.


           The date of this prospectus supplement is December 3, 2002.