Atwood Oceanics Announces Contract for the Atwood Eagle
August 16 2011 - 9:49AM
PR Newswire (US)
HOUSTON, Aug. 16, 2011 /PRNewswire/ -- ATWOOD OCEANICS,
INC., a Houston-based
international offshore drilling contractor (NYSE: ATW), announced
today that one of its subsidiaries has been awarded a six month
contract by Chevron Australia Pty. Ltd. for the Atwood
Eagle. With this contract, the firm contractual
commitments for the Atwood Eagle are expected to extend
through July 2012. The day rate
will be approximately $370,000.
Statements contained in this report with respect to the
future, including the exercise of the option and the term of the
firm commitment, are forward-looking statements. These
statements reflect management's reasonable judgment with respect to
future events. Forward-looking statements are subject to
numerous risks, uncertainties and assumptions and actual results
could differ materially from those anticipated as a result of
various factors including: uncertainties related to the level of
activity in offshore oil and gas exploration and development; oil
and gas prices; competition and market conditions in the contract
drilling industry; the risks inherent in the construction of a rig;
delays in the commencement of operations of a rig following
delivery; our ability to enter into and the terms of future
contracts; possible cancelation or suspension of drilling
contracts; the availability of qualified personnel; labor
relations; operating hazards and risks; terrorism and political and
other uncertainties inherent in foreign operations (including
risk of war, civil disturbances, seizure or damage to equipment and
exchange and currency fluctuations); the impact of governmental and
industry laws and regulations; and environmental matters.
These factors and others are described and discussed in our
most recently filed annual report on Form 10-K, in our Forms 10-Q
for subsequent periods and in our other filings with the
Securities and Exchange Commission which are available on the SEC's
website as www.sec.gov. Each forward looking
statement speaks only as of the date of the particular statement
and we undertake no duty to update the content of this press
release or any forward-looking statement contained herein to
conform the statement to actual results or to reflect changes in
our expectations.
SOURCE Atwood Oceanics, Inc.
Copyright 2011 PR Newswire
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