UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 30, 2015

ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)

Texas
1-13167
74-1611874
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)


15011 Katy Freeway, Suite 800, Houston, Texas
77094
(Address of principal executive offices)
(Zip Code)
 
 
 
 
 Registrant’s telephone number, including area code: (281) 749-7800
 
 
N/A
 
 
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)
 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 






ITEM 7.01 REGULATION FD DISCLOSURE

Information with respect to the Company’s Fleet Status Report at April 30, 2015 is furnished as Exhibit 99.1 to this Current Report and is incorporated herein by reference. Such information is being furnished under Regulation FD and should not be deemed to be filed under Section 19 of the Exchange Act.


SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)
EXHIBITS

The exhibit to this report furnished pursuant to item 7.01 is as follows:

99.1
Fleet Status Report at April 30, 2015







SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
ATWOOD OCEANICS, INC.
 
(Registrant)
Date: April 30, 2015


 
/s/ Mark L. Mey
 
Mark L. Mey
 
Executive Vice President

 
 




EXHIBIT INDEX

EXHIBIT NO
DESCRIPTION
99.1
Fleet Status Report at April 30, 2015







Exhibit 99.1
FLEET STATUS REPORT

Atwood Oceanics, Inc. and Subsidiaries Fleet Status Report as of April 30, 2015

Rig Name
Rated Water Depth
Location
Customer
Estimated Contract End Date
Estimated Contract Day Rate
Additional Comments
ULTRA-DEEPWATER
ATWOOD ADVANTAGE
12,000'
U.S. Gulf of Mexico
NOBLE ENERGY INC.
April 2017
(Fixed term)
$584,000
Day rate subject to change due to cost escalation provisions in the contract.
ATWOOD ACHIEVER
12,000'
Mauritania / Morocco
KOSMOS ENERGY LTD. / PXP MOROCCO B.V.
November 2017
(Fixed term)
$595,000 (all applicable taxes to be reimbursed by client); $667,000 in Morocco
Day rate subject to change due to cost escalation provisions in the contract.
ATWOOD ADMIRAL
12,000'
Under construction in South Korea. Scheduled for completion in September 2015.
---
AVAILABLE
N/A
We exercised an option to delay the delivery of the rig to March 2016.

Delivery of rig may be delayed up to September 2016 at Atwood's option.
ATWOOD ARCHER
12,000'
Under construction in South Korea. Scheduled for completion in June 2016.
---
AVAILABLE
N/A
Delivery of rig may be delayed up to June 2017 at Atwood's option.
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 2016
(Fixed term)
Approximately $455,000
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.

The rig incurred one month of out of service time for mooring line repairs due to a Force Majeure event at 90% Operating rate from mid-March to mid-April. Subsequently, the rig is anticipated to incur additional out of service time for mooring line repairs into mid-May, at 40% Operating rate.

The rig is expected to incur approximately 5 out of service days in June 2015 for scheduled maintenance.





Rig Name
Rated Water Depth
Location
Customer
Estimated Contract End Date
Estimated Contract Day Rate
Additional Comments
DEEPWATER SEMISUBMERSIBLES
ATWOOD EAGLE
5,000'
Australia
WOODSIDE ENERGY LTD.
September 2016
(Fixed term)
Approximately $450,000
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.

The rig is expected to incur approximately 21 out of service days in October 2015 for its special survey.
ATWOOD FALCON
5,000'
Australia
BHP BILLITON PETROLEUM PTY., LIMITED
March 2016
(Fixed term)
Approximately $430,000
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.

The contract provides two option periods at the contracted rate with an estimated duration of 120 days per option.


ATWOOD HUNTER
5,000'
Ghana
---

IDLE
N/A
We have entered into an agreement to scrap/recycle the rig.








Rig Name
Rated Water Depth
Location
Customer
Estimated Contract End Date
Estimated Contract Day Rate
Additional Comments
JACKUPS
ATWOOD MAKO

400'
Malaysia
EQ PETROLEUM DEVELOPMENTS MALAYSIA SDN BHD
Early May 2015
(1 well)
$145,000
 
 
 
Vietnam
THANG LONG JOINT OPERATING COMPANY / PETROVIETNAM DRILLING AND WELL SERVICES CORPORATION
July 2015
(1 well)
$152,000


ATWOOD MANTA
400'
Thailand
CEC INTERNATIONAL, LTD.
December 2015
(Fixed term)
$159,500
Day rate subject to change due to cost escalation provisions in the contract.
ATWOOD ORCA
400'
Thailand
MUBADALA PETROLEUM
February 2016
(Fixed term)
$165,000
Day rate subject to change due to cost escalation provisions in the contract.


ATWOOD BEACON
400'
Italy
ENI S.p.A.
January 2016
(Fixed term)
135,100 EUR
Day rate subject to change due to cost escalation provisions in the contract.


ATWOOD AURORA
350'
Cameroon
ADDAX PETROLEUM CAMEROON LIMITED
September 2016
(Fixed term)

$158,000 / $185,000
(inclusive of Cameroon withholding tax depending on well location)
Day rate subject to change due to cost escalation provisions in the contract.






DEFINITIONS AND DISCLAIMERS

As used herein, “we”, “us”, and “our” refers to Atwood Oceanics, Inc. and its subsidiaries, except where the context indicates otherwise. Statements contained in this Fleet Status Report, including, but not limited to, information regarding our estimated rig availability, estimated delivery dates, estimated contract duration, day rates, future contract commencement dates and locations and planned out of service time are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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; shipyard delays and 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 contacts; possible cancellation 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. All information in this Fleet Status Report is as of the date indicated above and is subject to change without notice. You should not place undue reliance on forward-looking statements. 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 Fleet Status Report 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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