Atwood Oceanics scores 4-month extension for jack-up in Thailand

Atwood Oceanics scores 4-month extension for jack-up in Thailand

Atwood Oceanics has agreed to a four month extension on the jackup rig Atwood Orca with Mubadala Petroleum for drilling operations offshore Thailand, keeping it busy at least until August 2018.

The driller said the new contract is at an undisclosed day rate that is higher than the current day rate, and it includes two four-month options that are priced at successively higher day rates than the new firm day rate.

As a result of this contract, Atwood Oceanics said, the expected earliest availability of the Atwood Orca is August 2018, assuming no options are exercised. If both options were to be exercised, the drilling program would be expected to extend until approximately April 2019.

Atwood Oceanics, Inc., soon to be taken over by rival Ensco, owns 9 mobile offshore drilling units and is constructing two ultra-deepwater drillships. The company was founded in 1968 and is headquartered in Houston, Texas.

Offshore Energy Today Staff

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