Atwood Oceanics Waves Goodbye to VP

Atwood Oceanics announced that Mr. Ronald L. (Ronnie) Hall, Vice President, Operations plans to retire from the Company effective December 15, 2010. Mr. Hall advised the Company of his decision on August 17, 2010. There were no changes to the terms of employment of Mr. Hall in connection with his impending retirement. The Company has engaged an executive search firm to assist with evaluation and recruitment of a suitable successor candidate.

Rob Saltiel, President and Chief Executive Officer, stated, "On behalf of Atwood's management team, I thank Ronnie for his 15 years of dedicated service and his pivotal role in establishing standards of excellence in the safety and operations of the Atwood drilling fleet. We wish Ronnie all the best in his retirement." Mr. Hall joined Atwood Oceanics in February 1995 and has served as Vice President - Operations since 2008.