.
.
.
EXHIBIT 21
SUBSIDIARIES OF THE REGISTRANT
Percentage of Voting
Securities Owned By
Immediate Parent as of
December 31, 2002
-----------------
Consolidated subsidiaries of the Registrant (Jurisdiction of incorporation):
Parker Drilling Company of Oklahoma, Inc. (Oklahoma) 100%
Parker Technology, Inc. (Oklahoma) (1) 100%
Parker-VSE, Inc. (Nevada) (2) 100%
Parker Drilling Company International Limited (Nevada) (3) 100%
Parker Drilling Company of New Guinea, Inc. (Oklahoma) 100%
Parker Drilling Company Limited (Nevada) 100%
Parker North America Operations, Inc. (Nevada) (4) 100%
Parker Drilling Offshore Corporation (Nevada) 100%
Parker Drilling Company (Bolivia) S.A. (Bolivia) 100%
Certain subsidiaries have been omitted from the list since they would not, even
if considered in the aggregate, constitute a significant subsidiary. All
subsidiaries are included in the consolidated financial statements.
(1) Parker Technology, Inc. owns 100% of two subsidiary corporations,
namely:
Parco Masts and Substructures, Inc. (Oklahoma)
Parker Valve Company (Texas)
(2) Parker-VSE, Inc. (formerly Vance Systems Engineering, Inc.) owns
100% of Parker Drilling Company Limited (Bahamas) and 93%
of Parker Drilling Company Eastern Hemisphere, Ltd.
(Oklahoma). Parker Drilling Company Limited owns 7% of
Parker Drilling Company Eastern Hemisphere, Ltd.
(Oklahoma).
(3) Parker Drilling Company International Limited owns 100% of five
subsidiary corporations, namely:
Parker Drilling International of New Zealand Limited
(New Zealand)
Choctaw International Rig Corp. (Nevada) (which owns
100% of the common stock of Parker Drilling Company of
Indonesia, Inc. (Oklahoma))
Creek International Rig Corp. (Nevada) (which owns 100%
of Perforadora Ecuatoriana (Ecuador))
Parker Drilling of Siberia (Russia)
(4) Parker North America Operations, Inc. owns 100% of:
Parker Drilling Company North America, Inc. (Nevada).
Parker Drilling Offshore Corp. which owns:
Parker Drilling Offshore International, Inc. (Cayman
Islands)-100%, which owns Parker Drilling (Nigeria)
Ltd - 75%
Mallard Drilling of South America, Inc. (Cayman
Islands) - 100%
Parker Drilling Offshore U.S.A., L.L.C. (Oklahoma) -
100%
Parker Technology, LLC (Louisiana) - 100%
Parker Tools, LLC (Oklahoma) - 100%, which owns
Quail Tools, L.P. (Oklahoma) - 99%
Quail USA, LLC (Oklahoma) - 100%, which owns
Quail Tools, L.P. (Oklahoma) - 1%
Parker USA Drilling Company (Nevada) - 100%