Atwood Clinches Drilling Contract from BHP for Atwood Falcon Seimsub

Atwood Oceanics, Inc. (Atwood) announced Thursday that one of its subsidiaries has been awarded a drilling services contract by BHP Billiton Petroleum Pty., Limited for the Atwood Falcon (DW semisubmersible). This contract is for a term of 330 days and the work will be performed offshore Australia at a day rate of approximately $430,000 in direct continuation with the rig's contracted drilling programs. As part of this contract, BHP Billiton retains the right to further extend the contract for two option periods of approximately 120 days each at the same day rate. Contract commencement is expected to occur in direct continuation of present operations.

Atwood Oceanics is a leading offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The company currently owns 12 mobile offshore drilling units and is constructing three 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."


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

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Duncan MFG: Entry Level Electrical Assembler - Sr. Electrical
Expertise: Electrical Technician
Location: Duncan, OK
Static Equipment / LNG Tank Engineer
Expertise: Mechanical Engineering
Location: Houston, TX
ARAMCO QM20 Third Party Inspector
Expertise: Electrical Engineering|QA / QC / Inspection|Technical Writing
Location: Bolingbrook, IL
search for more jobs

Brent Crude Oil : $51.46/BBL 0.61%
Light Crude Oil : $50.52/BBL 0.64%
Natural Gas : $2.83/MMBtu 5.35%
Updated in last 24 hours