HOUSTON, Feb. 21, 2011 /PRNewswire/ -- ATWOOD OCEANICS,
INC., a Houston-based
international drilling contractor (NYSE: ATW), is pleased to
announce that on February 21, 2011,
our customer, RWE Dea Nile GmbH ("RWE") formally withdrew its
notice of a force majeure event, previously given on January 29, 2011 to Alpha Offshore Services
Company ("Alpha"), a wholly-owned subsidiary of Atwood Oceanics,
Inc. The force majeure event intermittently affected the
operations of the Atwood Aurora which is presently
performing normal operations offshore Egypt in the Mediterranean Sea.
RWE and Alpha have agreed to a partial reduction of the
operating day rate to apply during the period from January 28, 2011 to February 8, 2011 to account for the reduced
manning levels on board the Atwood Aurora during that time
period.
Statements contained in this report 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 including the
Company's dependence on the oil and gas industry; the risks
involved in the construction of a rig and commencement of
operations of the rig following delivery; competition; operating
risks; risks involved in foreign operations; risks associated with
possible disruption in operations due to terrorism, acts of piracy,
embargoes, war or other military operations; and governmental and
industry 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, 2010, filed with the Securities and Exchange
Commission.
SOURCE Atwood Oceanics, Inc.