ATW Atwood Oceanics, Inc. (delisted)

Atwood Oceanics Announces Contract for Atwood Beacon HOUSTON, Sept. 1 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc. (NYSE:ATW) (Houston-based International Offshore Drilling Contractor) announced today that HOANG LONG and HOAN VU Joint Operating Companies have awarded a contract to the ATWOOD BEACON to drill three (3) firm wells, with options to drill three (3) additional wells, offshore Vietnam. This contract provides for a dayrate of $62,000 for the three firm wells, a dayrate of $77,000 for the three option wells, and payment of $58,000 per day plus the cost of a tow vessel and fuel to mobilize the rig from Singapore to Vietnam. The three firm wells have a combined expected duration of 200 days and if all three option wells are drilled, the program could extend for another 200 days. The drilling of this program must commence between January 15, 2005 and April 15, 2005. 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, 2003, 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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