Atwood Oceanics Secures Contract for Jackup

Atwood Oceanics, Inc. announced Wednesday that one of its subsidiaries has been awarded a drilling services contract for the Atwood Beacon (400' ILC) by Eni S.p.A. The Atwood Beacon is currently working offshore Israel under a contract which is expected to conclude by July 2013. The rig will then mobilize to Italy in direct continuation of this contract and will incur certain costs related to compliance with local laws and regulations.  

The new contract has a firm duration period of two years plus one optional year period, exercisable with one year notice from the expiry of the firm period. This contract adds $128 million in revenue backlog.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Mechnical Engineer
Expertise: Maintenance Engineer|Plant Operations Engineer
Location: Westlake, LA
 
Criterion Catalyst Instrument & Electrical Tech
Expertise: Electrical Technician|Instrumentation Technician
Location: Pittsburg, CA
 
Continuous Improvement Coach - Lean Six Sigma
Expertise: Operations Management|QA / QC / Inspection
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.45/BBL 0.99%
Light Crude Oil : $52.37/BBL 1.20%
Natural Gas : $3.42/MMBtu 0.88%
Updated in last 24 hours