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8-K - FLEET STATUS 8K - ATWOOD OCEANICS INCf8kdec22013.htm



EXHIBIT 99.1

FLEET STATUS REPORT

Atwood Oceanics, Inc. And Subsidiaries Fleet Status Report As of December 2, 2013

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.
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Delivery expected in mid December 2013.
 
 
   
Eastern Mediterranean Sea
 
NOBLE ENERGY INC. (“NOBLE”)
 
March 2017
(36 months)
$584,000
Upon delivery from the shipyard, the rig will commence an approximate 90 day mobilization at a day rate of approximately $409,000.
 
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.
 
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Multiple countries, to commence in Morocco
 
KOSMOS ENERGY LTD.
 
September 2017
(36 months)
$595,000
(day rate will be grossed up for all applicable taxes, approximately $660,000 in Morocco)
Upon delivery from the shipyard, the rig will commence mobilization at a day rate of approximately $417,000 with a scheduled arrival in September 2014.
 
Day rate subject to change due to cost escalation and tax reimbursement provisions in the contract.
 
ATWOOD ADMIRAL
12,000’
Under construction in South Korea scheduled for delivery in March 2015.
 
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AVAILABLE
N/A
 
ATWOOD ARCHER
12,000’
Under construction in South Korea scheduled for delivery in December 2015.
 
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AVAILABLE
N/A
 
ATWOOD CONDOR
10,000’
U.S. Gulf Of Mexico
 
SHELL OFFSHORE INC.
November 2016
(Fixed term)
$555,000
Day rate subject to change due to cost escalation provisions in the contract.
 
ATWOOD OSPREY
8,200’
Australia
CHEVRON AUSTRALIA PTY. LTD.
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
 
WOODSIDE ENERGY LTD. (“WOODSIDE”)/ APACHE ENERGY LTD. (“APACHE”)
 
June 2014
(Fixed term)
Approximately $436,000 WOODSIDE/ $385,000  APACHE
Anticipated order of remaining drilling program is: WOODSIDE (2 wells) and APACHE (remainder of term).
 
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
 
   
Australia
WOODSIDE
June 2016
(24 months)
 
Approximately $460,000
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.
 
The rig is expected to incur approximately 15 zero rate days for regulatory inspections commencing in December 2013.
 
ATWOOD HUNTER
5,000’
Equatorial Guinea
NOBLE
Mid December 2013
(Fixed term)
 
$435,000 (through November) / $513,000 (thereafter)
 
The rig will incur approximately 110 zero rate days for planned maintenance and regulatory inspections immediately following the completion of this contract.
 
 
   
Equatorial Guinea
GUINEA ECUATORIAL DE PETROLEOS (“GEPetrol”)
 
July 2014
(3 wells)
$515,500
The contract provides an option for one well at the contracted rate with an estimated duration of 30 days.
 
This drilling program has been postponed subsequent to the shipyard period due to a customer delay.
 

 
 

 



JACK-UPS
 
       
ATWOOD MAKO
400’
Thailand
SALAMANDER ENERGY (BUALUANG)  LIMITED
 
September 2014
(Fixed term)
$155,000
 
ATWOOD MANTA
400’
Malaysia/Thailand
CEC INTERNATIONAL, LTD. (“CEC”)
December 2015
(Fixed term)
$174,500 Malaysia / $159,500 Thailand
Day rate subject to change due to cost escalation provisions in the contract.
 
ATWOOD ORCA
400’
Thailand
 
MUBADALA PETROLEUM
 
May 2015
(Fixed term)
$159,500
Day rate subject to change due to cost escalation provisions in the contract.
 
ATWOOD BEACON
 
Italy
 
ENI S.p.A.
December 2015
(24 months)
 
135,100 EUR (approximately $185,000 USD)
Day rate subject to change due to cost escalation provisions in the contract.
 
 
ATWOOD AURORA
350’
Cameroon
GLENCORE EXPLORATION CAMEROON LTD
 
May 2014
(3 wells remaining)
 
$155,000
Day rate subject to change due to cost escalation provisions in the contract.
 
The rig could incur approximately 5 zero rate days for regulatory inspections in the second quarter of fiscal year 2014.
 
   
Cameroon
ADDAX PETROLEUM CAMEROON LIMITED
 
May 2015
(12 months)
$164,000/ $193,000 (inclusive of Cameroon withholding tax depending on well location)
 
 
VICKSBURG
300’
Thailand
CEC
December 2013
(Fixed term)
 
$115,000
 
During October, we entered into an agreement to sell the rig.  The sale is expected to close when the current drilling program is completed.
 

 
 

 



OTHER
 
       
ATWOOD SOUTHERN CROSS
2,000’
Malta
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COLD STACKED
 
N/A
 
SEAHAWK
1,800’
Ghana
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COLD STACKED
 
N/A
During November, we entered into an agreement to sell the rig.