Atwood Clutches BHP Contract

Atwood Oceanics, Inc., a Houston-based international offshore drilling contractor, announced that one of its subsidiaries has been awarded a one well contract by BHP Billiton Petroleum PTY LTD, with an estimated duration of 45 days in a water depth of 600 feet.

The day rate for this contract for the first 40 days will be approximately $376,000; thereafter the day rate will increase to approximately $399,000 (both day rates subject to change due to currency exchange provisions in the contract).

With this contract, the firm contractual commitments for the Atwood Eagle will extend through approximately January 2012.

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