ATWOOD OCEANICS ANNOUNCES CONTRACT FOR THE ATWOOD HUNTER
19 Juin 2014 - 2:38PM
FOR IMMEDIATE RELEASE
HOUSTON, June 18, 2014 -- Atwood Oceanics,
Inc. (NYSE: ATW) ("Atwood") announced today that one of its
subsidiaries has been awarded a drilling services contract by CNOOC
Africa Limited for the semisubmersible rig Atwood
Hunter. The contract will be performed offshore Equatorial
Guinea, specifies a day rate of $337,000 for a minimum term of 90
days and includes an option for one additional well. To the
extent the term exceeds 90 days the day rate for days 91 to 180
shall be $330,000. Any term in excess of 181 days shall have
a dayrate of $325,000. The Atwood
Hunter is expected to commence the contract mid-August
2014.
In connection with this contract, an Atwood
subsidiary and Guinea Ecuatorial de Petroleos ("GEPetrol") mutually
agreed to terminate the parties' previously announced contract for
the Atwood Hunter provided certain
conditions are met.
Atwood Oceanics, Inc. is a leading offshore
drilling contractor engaged in the drilling and completion of
exploratory and developmental wells for the global oil and gas
industry. The company currently owns 12 mobile offshore drilling
units and is constructing three ultra-deepwater drillships. The
company was founded in 1968 and is headquartered in Houston,
Texas. Atwood Oceanics, Inc. common stock is traded on the
New York Stock Exchange under the symbol "ATW." For a full
list of the official Social Media pages for Atwood Oceanics, Inc.
please visit our Investor Relations site at:
http://ir.atwd.com/GenPage.aspx?IID=4010374&GKP=210376 .
Contact: Mark L. Mey
(281) 749-7902
Forward Looking
Statements
Statements
contained in this press release with respect to the future,
including expected contract commencement, are forward-looking
statements. 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; 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 contracts; 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.
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 press release 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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This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Atwood Oceanics, Inc. via Globenewswire
HUG#1769657
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