Atwood Announces One-Well Commitment for ATWOOD FALCON
14 Juillet 2008 - 5:31PM
PR Newswire (US)
HOUSTON, July 14 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc.
(NYSE:ATW), announced today that the ATWOOD FALCON has received a
one-well commitment from an operator in Southeast Asia for the
drilling of a well in the South China Sea. The drilling of this one
well will commence in mid July 2008 at a dayrate of $425,000, with
an approximate duration of 40 days; after which the rig will return
to its current contracted dayrate of $160,000. The rig is currently
under contract with Sarawak Shell Berhad/Sabah Shell Petroleum Co.
Ltd in the South China Sea. Statements contained in this report
with respect to the future 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; the Company's
dependence on the oil and gas industry; the risks involved the
construction of a rig; competition; operating risks; risks involved
in foreign operations; risks associated with possible disruption in
operations due to terrorism; risks associated with a possible
disruption in operations due to a war with Iraq; and governmental
regulations and environmental matters. A list of additional risk
factors can be found in the Company's annual report on Form 10-K
for the year ended September 30, 2007, filed with the Securities
and Exchange Commission. DATASOURCE: Atwood Oceanics, Inc. CONTACT:
Jim Holland of Atwood Oceanics, Inc., +1-281-749-7804 Web site:
http://www.atwd.com/
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