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8-K - FORM 8K FLEET STATUS FOR DECEMBER - ATWOOD OCEANICS INCf8kdec32012.htm



EXHIBIT 99.1




FLEET STATUS REPORT

Atwood Oceanics, Inc. And Subsidiaries Fleet Status Report As of December 3, 2012

Rig Name
Rated Water Depth
Location
Customer
 
 
Estimated Contract End Date
Estimated Contract Day Rate
Additional Comments
ULTRA-DEEPWATER
 
       
ATWOOD ADVANTAGE
12,000’
Under construction in South Korea scheduled for delivery in September 2013.
 
---
---
---
 
   
Eastern Mediterranean Sea
 
NOBLE ENERGY INC. (“NOBLE”)
 
December 2016
(36 months)
$584,000
Upon delivery from the shipyard, the rig will commence mobilization to the Eastern Mediterranean Sea at a day rate of approximately $409,000 with an expected arrival in December 2013.
 
Day rate subject to change due to cost escalation provisions in the contract.
 
ATWOOD ACHIEVER
12,000’
Under construction in South Korea scheduled for delivery in June 2014.
 
---
AVAILABLE
N/A
 
ATWOOD ADMIRAL
12,000’
Under construction in South Korea scheduled for delivery in March 2015.
 
---
AVAILABLE
N/A
 
ATWOOD CONDOR
10,000’
U.S. Gulf Of Mexico
 
HESS CORPORATION
 
July 2014
(Fixed term)
$514,000
Day rate subject to change due to cost escalation provisions in the contract.
 
ATWOOD OSPREY
8,200’
Australia
CHEVRON AUSTRALIA PTY. LTD. (“CHEVRON”)
May 2017
(Fixed term)
Approximately $490,000 through May 2014/ approximately $470,000 thereafter
 
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.


 
 

 



DEEPWATER SEMISUBMERSIBLES
 
       
ATWOOD EAGLE
5,000’
Australia
 
---
---
 
N/A
 
The rig is currently undergoing regulatory inspections and planned maintenance until late December 2012.
 
   
Australia
 
APACHE ENERGY LTD. (“APACHE”) / WOODSIDE ENERGY LTD.
 
June 2014
(18 months)
Approximately $385,000
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
 
 
ATWOOD FALCON
5,000’
Australia
 
APACHE
November 2014
(Fixed term)
 
Approximately $385,000
 
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
 
ATWOOD HUNTER
5,000’
Equatorial Guinea
NOBLE
September 2013
(3 wells remaining)
$388,000 /
$435,000 after 155 days
 
The contract provides an option for one well at the higher rates which must be exercised by the start of the second well.

 
 

 


JACK-UPS
 
       
ATWOOD MAKO
400’
Thailand
SALAMANDER ENERGY (BUALUANG)  LIMITED
September 2013
(Fixed term)
$145,000
 
ATWOOD MANTA
400’
Singapore
 
---
---
N/A
The rig is currently undergoing final commissioning before beginning its mobilization to Thailand.
   
Thailand
CEC INTERNATIONAL, LTD. (“CEC”)
December 2013
(12 months)
$145,000
Contract is expected to commence in early December 2012.
ATWOOD ORCA
400’
Under construction in Singapore scheduled for delivery in June 2013.
---
AVAILABLE
N/A
This rig is currently ahead of its construction schedule.
ATWOOD BEACON
400’
Eastern Mediterranean Sea
SHEMEN OIL AND GAS RESOURCES LTD.
 
April 2013
(Fixed term)
 
$151,000
Day rate subject to change due to cost escalation provisions in the contract.
 
ATWOOD AURORA
350’
Cameroon
BOWLEVEN PLC.
January 2013
(1 well remaining)
 
$134,000
 
   
Cameroon
GLENCORE EXPLORATION CAMEROON LTD
 
August 2013
(3 wells)
 
$155,000
Day rate subject to change due to cost escalation provisions in the contract.
VICKSBURG
300’
Thailand
CEC
December 2013
(Fixed term)
$95,000 till December 31, 2012/ $105,000 till June 30, 2013/ $115,000 thereafter
 
 

 
 

 



OTHER
 
       
ATWOOD SOUTHERN CROSS
2,000’
Malta
---
COLD STACKED
 
N/A
 
SEAHAWK
1,800’
Ghana
---
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.