Atwood Oceanics announces new agreement with Australian offshore employees

8/23/2017

HOUSTON -- Atwood Oceanics, Inc. has announced that the offshore employees of its Australian operating subsidiary have approved a new, four-year Enterprise Bargaining Agreement (EBA). Among other provisions, the EBA provides clarity on working conditions for Atwood Oceanics' Australian offshore employees and resets wage levels to better align with current offshore drilling industry market conditions. The EBA will take effect upon the expiry of the nominal term of the current EBA on Nov. 24, 2017, once it is approved by the Australian Fair Work Commission (which is anticipated to occur in September).

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