ATWOOD OCEANICS ANNOUNCES CONTRACT FOR THE ATWOOD OSPREY
December 19 2016 - 9:00AM
FOR IMMEDIATE RELEASE
HOUSTON, December 19, 2016-- Atwood Oceanics,
Inc. (NYSE: ATW) announced today that one of its subsidiaries
has agreed to a one-well drilling services contract with Woodside
Energy Ltd for the ultra-deepwater rig, Atwood
Osprey, offshore Australia. The contract will commence between
May 24, 2017 and July 7, 2017 and has an estimated duration of
approximately one hundred and thirty (130) days. The
operating day rate will be $185,000 per day.
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 10 mobile offshore drilling
units and is constructing two 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 more information about the
Company, please visit www.atwd.com.
Contact: Mark W. Smith
Senior Vice President and CFO
(281) 749-7840
Forward-Looking
Statements
Statements contained in this
press release with respect to the future, including information
regarding the expected contract commencement date and duration, 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; 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.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
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