Attached files
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| 8-K - FORM 8-K - ATWOOD OCEANICS INC | f8koctober12010.htm |
EXHIBIT 99.1
FLEET STATUS REPORT
Atwood Oceanics, Inc. And Subsidiaries Fleet Status Report As of October 1, 2010
As used herein, “we”, “us”, and “our” refers to Atwood Oceanics, Inc. and its subsidiaries, except where the context indicates otherwise. Statements contained in this Fleet Status Report, including information regarding our estimated rig availability, contract duration, future dayrates, future daily operating costs, future effective tax rates, customer or contract status are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors including: our dependence on the oil and gas industry; the risks involved in upgrade, repair and construction of our rigs; competition; operating risks; risks involved in foreign operations; risks associated with possible disruptions in operations due to terrorism; risks associated with a possible disruption in operations due to the war with Iraq and governmental regulations and environmental matters. A list of additional risk factors can be found in our annual report on Form 10-K for the year ended September 30, 2009, filed with the Securities and Exchange Commission. All information in this Fleet Status Report is as of the date indicated above. We undertake no duty to update the content of this Fleet Status Report or any forward-looking statement contained herein to conform the statement to actual results or to reflect changes in our expectations.
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Rig Name
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Rated Water Depth
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Location
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Customer
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Estimated Contract End Date
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Estimated Contract Day Rate
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Additional Comments
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ULTRA-DEEPWATER SEMISUBMERSIBLES
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ATWOOD CONDOR
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10,000’
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Under construction in Singapore with delivery expected in the third quarter of fiscal year 2012.
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---
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AVAILABLE
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N/A
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ATWOOD OSPREY
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8,200’
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Under construction in Singapore with delivery expected in the second quarter of fiscal year 2011 at which time the rig will be mobilized to Australia.
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CHEVRON AUSTRALIA PTY. LTD.
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FIRM WORK –
Second quarter fiscal year 2014 if three-year commitment or second quarter fiscal year 2017 if six-year commitment. (Contract provides option to extend to six years at time of delivery of rig)
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$470,000 (if three-year commitment)
$450,000 (if six-year commitment)
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Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
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DEEPWATER SEMISUBMERSIBLES
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ATWOOD EAGLE
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5000’
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Australia
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---
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REGULATORY INSPECTIONS & MAINTENANCE –
Mid October 2010
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N/A
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The rig is expected to incur approximately fifteen (15) zero rate days in October to complete its regulatory inspections and planned maintenance.
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Australia
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CHEVRON
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FIRM WORK –
September/October 2011
(Six months after the ATWOOD OSPREY commences operations in Australia)
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$450,000 (until the ATWOOD OSPREY commences operations in Australia)/$390,000 thereafter
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Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
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ATWOOD FALCON
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5,000’
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Malaysia
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SHELL
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FIRM WORK –
August 2011
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$431,000
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Day rate subject to change due to cost escalation provisions in the contract.
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ATWOOD HUNTER
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5,000’
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Equatorial Guinea
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NOBLE ENERGY INC (“NOBLE”)
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FIRM WORK -
November 2010
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$545,000
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Day rate subject to change due to cost escalation provisions in the contract.
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Ghana/ Equatorial Guinea
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KOSMOS ENERGY GHANA INC/NOBLE
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FIRM WORK -
October 2012
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$538,000 to $545,000
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Day rate subject to change due to cost escalation provisions in the contract.
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JACK-UPS
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ATWOOD BEACON
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400’
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Suriname/Guyana
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MURPHY SURINAME OIL COMPANY, LTD./REPSOL EXPLORATION S.A./TEIKOKU OIL (SURINAME) CO. LTD. (INPEX) (“BEACON OPERATOR GROUP”)
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MOBILIZATION –
Mid October 2010
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N/A
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The contract provides for a lump sum mobilization fee of $4.5 million. This fee will be amortized over the 210 day minimum contract period.
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Suriname/Guyana
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“BEACON OPERATOR GROUP”
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FIRM WORK –
May 2011
(4 wells – minimum 210 days)
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$115,000
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The contract provides an option to drill one (1) additional well at the current contracted dayrate. This option must be exercised by 10 days after the start of the second firm well.
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ATWOOD AURORA
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350’
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Egypt
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RWE DEA NILE GmbH
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FIRM WORK –
April 2011
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$133,000
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Day rate subject to change due to cost escalation provisions in the contract.
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VICKSBURG
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300’
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Thailand
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NUCOASTAL (THAILAND) LIMITED
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FIRM WORK –
June 2011
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$90,000
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The rig is expected to incur ten (10) zero rate days in October for regulatory inspections.
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OTHER
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ATWOOD SOUTHERN CROSS
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2,000’
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Malta
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---
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AVAILABLE
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N/A
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SEAHAWK
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1,800’
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Ghana
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---
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AVAILABLE
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N/A
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RICHMOND
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70’
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US Gulf of Mexico
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---
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AVAILABLE
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N/A
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