Atwood Oceanics announces contract for ultra-deepwater rig offshore Africa

8/10/2017

HOUSTON -- Atwood Oceanics, Inc., has announced that one of its subsidiaries agreed to a one well contract at an undisclosed dayrate for operations offshore Northwest Africa with Kosmos Energy Ventures for the ultra-deepwater rig, the Atwood Achiever. The new contract will commence immediately following the completion of the well in progress under the existing contract and also includes six one-well priced options.  As a result of this contract, the expected earliest availability of the Atwood Achiever is March 2018, assuming no options are exercised.  If all six options were to be exercised, the drilling program would be expected to extend until approximately December 2018.

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