GEPetrol Hires ‘Atwood Hunter’ Rig for Drilling Offshore E.Guinea

Atwood Oceanics, Inc. announced today that one of its subsidiaries has been awarded a drilling services contract by Guinea Ecuatorial De Petroleos “GEPetrol” for the semi-submersible rig Atwood Hunter.

This contract is for a three well contract with a minimum term of ninety days and includes the provision of an option for one additional well with an estimated duration of thirty days. This contract will be performed offshore Equatorial Guinea at a day rate of approximately $515,500.

Contract commencement is expected to occur in October 2013 in direct continuation of present operations. With the award of this contract, the firm contractual commitment for the Atwood Hunter is expected to extend to January 2014.

Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The Company currently owns thirteen mobile offshore drilling units and is constructing four 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.”

 

Press Release, July 30, 2013

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