Atwood Oceanics announces contract for the Atwood Aurora

5/15/2013

Atwood Oceanics announces contract for the Atwood Aurora

HOUSTON -- Atwood Oceanics, Inc. has announced that one of its subsidiaries has been awarded a drilling services contract by Addax Petroleum Cameroon Limited for the jack-up drilling unit Atwood Aurora. The contract is for a one-year term, and will be performed offshore Cameroon at a dayrate of approximately $193,000 (inclusive of the 15% Cameroon withholding tax) or $164,000 (exclusive of the 15% Cameroon withholding tax), depending on the well location.

Contract commencement is expected to be in February 2014, in direct continuation of previously announced contractual commitments. With the award of this contract, the firm contractual commitment for the Atwood Aurora is expected to extend to February 2015.

Atwood Oceanics currently owns 13 mobile offshore drilling units, and is constructing three ultra-deepwater drillships.

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