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Atwood Oceanic announces contract for the Atwood Mako

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Oilfield Technology,

Atwood Oceanics, Inc. announced today that one of its subsidiaries has entered into an agreement to provide drilling services with the jackup rig Atwood Mako. The contract will be performed in Southeast Asia at an operating day rate of US$155 000 for a minimum term of 70 days, and it includes a priced option for an additional term. The Atwood Mako is presently working offshore Malaysia and is expected to mobilise to its new location in late March, in direct continuation of its current program.

Atwood Oceanics, Inc. is a leading offshore drilling contractor engaged in the drilling and completion of exploratory and developmental wells for the global oil and gas industry. The company currently owns 12 mobile offshore drilling units and is constructing two ultra-deepwater drillships. The company was founded in 1968 and is headquartered in Houston, Texas. Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol "ATW."

Adapted from press release by Joe Green

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