Attached files
| file | filename |
|---|---|
| 8-K - 8K FLEET STATUS - ATWOOD OCEANICS INC | f8kmarch12012.htm |
EXHIBIT 99.1
FLEET STATUS REPORT
Atwood Oceanics, Inc. And Subsidiaries Fleet Status Report As of March 1, 2012
|
Rig Name
|
Rated Water Depth
|
Location
|
Customer
|
Estimated Contract End Date
|
Estimated Contract Day Rate
|
Additional Comments
|
|
ULTRA-DEEPWATER
|
||||||
|
ATWOOD ACHIEVER
|
12,000’
|
Under construction in Korea with delivery expected in June 2014.
|
---
|
AVAILABLE
|
N/A
|
|
|
ATWOOD ADVANTAGE
|
12,000’
|
Under construction in Korea with delivery expected in September 2013.
|
---
|
AVAILABLE
|
N/A
|
|
|
ATWOOD CONDOR
|
10,000’
|
Under construction in Singapore with delivery expected in June 2012.
|
---
|
---
|
N/A
|
|
|
U.S. Gulf Of Mexico
|
HESS CORPORATION
|
June 2014
(21 month duration commencing approximately October 2012)
|
$514,000
|
Upon delivery from the shipyard, the rig will commence mobilization to the U.S. Gulf of Mexico at a day rate of approximately $360,000 with an expected arrival in late September 2012.
Day rate subject to change due to cost escalation provisions in the contract.
|
||
|
ATWOOD OSPREY
|
8,200’
|
Australia
|
CHEVRON AUSTRALIA PTY. LTD. (“CHEVRON”)
|
May 2014
(Fixed term)
|
Approximately $490,000
|
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
|
|
DEEPWATER SEMISUBMERSIBLES
|
||||||
|
ATWOOD EAGLE
|
5000’
|
Australia
|
BHP BILLITON PETROLEUM PTY LTD
|
April 2012
(2 wells)
|
Approximately
$399,000
|
Day rate subject to change due to currency exchange provisions in the contract.
|
|
Australia
|
CHEVRON
|
October 2012
(6 months)
|
$370,000
|
|||
|
Australia
|
APACHE ENERGY LTD. (“APACHE”)
|
April 2014
(18 months)
|
Approximately $385,000
|
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
The rig could incur approximately 25 zero rate days in the first quarter of fiscal year 2013 for regulatory inspections and planned maintenance.
|
||
|
ATWOOD FALCON
|
5,000’
|
Singapore
|
---
|
May 2012
|
---
|
The rig entered the shipyard on February 13, 2012 for planned maintenance and contract preparation work.
|
|
Australia
|
APACHE
|
December 2014
(30 month duration commencing approximately June 2012)
|
Approximately $385,000
|
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
|
||
|
ATWOOD HUNTER
|
5,000’
|
Ghana/ Equatorial Guinea
|
KOSMOS ENERGY GHANA INC/ NOBLE ENERGY INC (“NOBLE”)
|
October 2012
(Fixed term)
|
$538,000 to $545,000
|
Day rate subject to change due to cost escalation provisions in the contract.
|
|
JACK-UPS
|
||||||
|
ATWOOD MAKO
|
400’
|
Under construction in Singapore with delivery expected in September 2012.
|
---
|
AVAILABLE
|
N/A
|
|
|
ATWOOD MANTA
|
400’
|
Under construction in Singapore with delivery expected in December 2012.
|
---
|
AVAILABLE
|
N/A
|
|
|
ATWOOD ORCA
|
400’
|
Under construction in Singapore with delivery expected in June 2013.
|
---
|
AVAILABLE
|
N/A
|
|
|
ATWOOD BEACON
|
400’
|
Guyana
|
REPSOL EXPLORATION S.A.
|
Aug 2012
(1 well)
|
$115,000
|
The rig could incur approximately five zero rate days in the fourth quarter of fiscal year 2012 for regulatory inspections and planned maintenance.
|
|
Israel
|
SHEMEN OIL AND GAS RESOURCES LTD.
|
February 2013
(6 month duration commencing approximately September 2012)
|
$151,000
|
|||
|
ATWOOD AURORA
|
350’
|
Equatorial Guinea
|
NOBLE
|
May 2012
(2 wells)
|
$134,000
|
|
|
Cameroon
|
BOWLEVEN PLC.
|
October 2012
(2 wells)
|
$134,000
|
The contract provides an option for one well at $139,000 if exercised by March 31, 2012.
|
||
|
VICKSBURG
|
300’
|
Thailand
|
CEC INTERNATIONAL, LTD.
|
December 2012
(Fixed term)
|
$90,000 (until June 30, 2012)/ $95,000 thereafter
|
|
|
OTHER
|
||||||
|
ATWOOD SOUTHERN CROSS
|
2,000’
|
Malta
|
---
|
COLD STACKED
|
N/A
|
|
|
SEAHAWK
|
1,800’
|
Ghana
|
---
|
COLD STACKED
|
N/A
|
|
|
RICHMOND
|
70’
|
US Gulf of Mexico
|
---
|
COLD STACKED
|
N/A
|
|
DEFINITIONS AND DISCLAIMERS
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, but not limited to, information regarding our estimated rig availability, estimated delivery dates, estimated contract duration, day rates, future contract commencement dates and locations and planned out of service time are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements are subject to numerous risks, uncertainties and assumptions and actual results could differ materially from those anticipated as a result of various factors including: uncertainties related to the level of activity in offshore oil and gas exploration and development; oil and gas prices; competition and market conditions in the contract drilling industry; shipyard delays and the risks inherent in the construction of a rig; delays in the commencement of operations of a rig following delivery; our ability to enter into and the terms of future contacts; possible cancelation or suspension of drilling contracts; the availability of qualified personnel; labor relations; operating hazards and risks; terrorism and political and other uncertainties inherent in foreign operations (including risk of war, civil disturbances, seizure or damage to equipment and exchange and currency fluctuations); the impact of governmental and industry laws and regulations; and environmental matters. These factors and others are described and discussed in our most recently filed annual report on Form 10-K , in our Forms 10-Q for subsequent periods and in our other filings with the Securities and Exchange Commission which are available on the SEC’s website at www.sec.gov. All information in this Fleet Status Report is as of the date indicated above and is subject to change without notice. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and 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.