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PARKER DRILLING RE-ELECTS DIRECTORS

 TULSA, Okla., Dec. 16 /PRNewswire/ - Stockholders of Parker Drilling Co. (NYSE: PKD) today re-elected Robert L. Parker Sr. and Robert L. Parker Jr. as directors of the international oil and gas drilling company.
 Parker Sr. is chairman of the board of Parker Drilling, while Parker Jr. is president and chief executive officer. Both will serve three years on the board of the company.
 In other action, stockholders ratified the accounting firm Coopers & Lybrand as independent auditors for fiscal 1993.
 Parker Sr., 69, first joined the company in 1944 and was elected a director in 1950. In 1954, Parker Sr. purchased the drilling firm from his father, company founder Gifford C. Parker, and in 1969, Parker Sr. took the company public. In 1977, he was elected chairman and chief executive officer. Since last Dec. he has retained the position of chairman.
 Parker Jr., 44, joined the company in 1973 as a contract representative and was later named manager of U.S. operations. He was elected a vice president in 1973 and executive vice president in 1976. The following year Parker Jr. was elected president and chief operating officer and in Dec. 1991, he was elected chief executive officer.
 Following the meeting, the directors re-elected 16 officers for the ensuing year.
 Parker Drilling has operations currently in eight countries, with 1,696 employees worldwide.
 -0- 12/16/92
 /CONTACT: Tim Colwell, public relations for Parker Drilling, 918-631-1249/
 (PKD)


CO: Parker Drilling Co. ST: Oklahoma IN: OIL SU: PER

TM -- SF005 -- 7731 12/16/92 12:51 EST
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Publication:PR Newswire
Date:Dec 16, 1992
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