Atwood Oceanics Announces 30-Day Extension of Drilling Program for VICKSBURG
07 Août 2009 - 9:45PM
PR Newswire (US)
HOUSTON, Aug. 7 /PRNewswire-FirstCall/ -- ATWOOD OCEANICS, INC.,
(NYSE: ATW) a Houston-based International Drilling Contractor,
announced that the VICKSBURG (owned and operated by our
wholly-owned subsidiary, Atwood Oceanics Pacific Limited) has
amended its contract with NuCoastal (Thailand) Limited
("NuCoastal") to extend the firm period of the contract from ninety
(90) days to one hundred twenty (120) days. This contract provides
NuCoastal with an option to extend the program another ninety (90)
days, which must be exercised no later than thirty (30) days after
commencement of the contract. If the duration of the drilling
program is for the one hundred twenty (120) days firm period only,
the operating dayrate will be $95,000; however, if NuCoastal
exercises the option to extend the drilling program to two hundred
ten (210) days, the operating dayrate will be adjusted to $90,000
for the entire period. The VICKSBURG is currently undergoing a life
enhancing upgrade at a shipyard in Thailand which is expected to be
completed by the end of August 2009. Immediately upon the rig
completing this upgrade, it will commence working under the
contract with NuCoastal. 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 in the
construction of a rig and commencement of operations of the rig
following delivery; competition; operating risks; risks involved in
foreign operations; risks associated with possible disruption in
operations due to terrorism, acts of piracy, embargoes, war or
other military operations; 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, 2008, 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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