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): July 28, 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 July 28, 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.

The company issues the Fleet Status Report on a quarterly basis. The expected date of issuance of the next Fleet Status Report is November 5, 2015.


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 July 28, 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: July 28, 2015


 
/s/ Mark W. Smith
 
Mark W. Smith
 
Chief Financial Officer

 
 




EXHIBIT INDEX

EXHIBIT NO
DESCRIPTION
99.1
Fleet Status Report at July 28, 2015







Exhibit 99.1
FLEET STATUS REPORT
Atwood Oceanics, Inc. and Subsidiaries Fleet Status Report as of July 28, 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'
 Morocco
PXP MOROCCO B.V.
August 2015
(1 well)
$667,000
 
 
 
Mauritania/Senegal
KOSMOS ENERGY LTD.
November 2017
(Fixed term)
$595,000 (all applicable taxes to be reimbursed by client)
Day rate subject to change due to cost escalation provisions in the contract.

The rig is anticipated to incur 5 zero rate days in August 2015 for maintenance.
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.







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 28 zero rate days in October 2015 for its special survey and maintenance on the mooring system.
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.




ATWOOD HUNTER
5,000'
In - transit
---

---

---


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'
Vietnam
THANG LONG JOINT OPERATING COMPANY / PETROVIETNAM DRILLING AND WELL SERVICES CORPORATION
October 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.
June 2016
(Fixed term)
117,155 EUR
Day rate subject to change due to cost escalation provisions in the contract.

The contract provides a six month priced option that is linked to the price of Brent crude oil.
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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