Atwood Oceanics Announces Vicksburg Contract Award
March 20 2006 - 3:48PM
PR Newswire (US)
HOUSTON, March 20 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc.
(NYSE:ATW) (a Houston based International Offshore Drilling
Contractor) announced today that the VICKSBURG (owned and operated
by its wholly owned subsidiary Atwood Oceanics Pacific Limited) has
been awarded a two-year contract by Chevron Overseas Petroleum
(Thailand) Limited ("Chevron") which will immediately follow
Chevron's current eight (8) month drilling commitment offshore
Cambodia. The VICKSBURG is presently working in Malaysia under
drilling commitments with dayrates of $82,000 to $87,000, which
should extend to October 2006. After completion of these
commitments, the rig will be moved to Cambodia to commence the
eight (8) month drilling commitment with Chevron followed by the
two-year contract in Thailand. The operating dayrate for the first
eight (8) months with Chevron offshore Cambodia will be $94,500 and
a dayrate of $154,000 will apply for the two-year contract offshore
Thailand. Statements contained in this release with respect to the
future are forward-looking statements. These statements reflect
management's reasonable judgment with respect to future events.
Forward-looking statements involve risks and uncertainties. Actual
results could differ materially from those anticipated as a result
of various factors; the Company's dependence on the oil and gas
industry; the risks involved in upgrade to the Company's rigs;
competition; operating risks; risks involved in foreign operations;
risks associated with possible disruptions in operations due to
terrorism; and governmental regulations and environmental matters.
A list of additional risk factors can be found in the Company's
Annual Report on Form 10-K for the year ended September 30, 2005,
filed with the Securities and Exchange Commission. DATASOURCE:
Atwood Oceanics, Inc. CONTACT: Jim Holland of Atwood Oceanics,
Inc., +1-281-749-7804 Web site: http://www.atwd.com/
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