-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HLPEefaeMXi7fgDEdTElhlQvDdYaI5P5/nIj8B4klE/xsivYDLYRFMqqfymvSVZ5 2GBEJmiIBoN0cSgFpBIfvQ== 0000008411-01-000012.txt : 20010313 0000008411-01-000012.hdr.sgml : 20010313 ACCESSION NUMBER: 0000008411-01-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010312 ITEM INFORMATION: FILED AS OF DATE: 20010312 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATWOOD OCEANICS INC CENTRAL INDEX KEY: 0000008411 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 741611874 STATE OF INCORPORATION: TX FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13167 FILM NUMBER: 1565913 BUSINESS ADDRESS: STREET 1: 15835 PARK TEN PL DR STREET 2: SUITE 200 CITY: HOUSTON STATE: TX ZIP: 77084 BUSINESS PHONE: 2817497845 MAIL ADDRESS: STREET 1: 15835 PARK TEN PL DR STREET 2: SUITE 200 CITY: HOUSTON STATE: TX ZIP: 77084 8-K 1 0001.txt ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 ---------------- Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF EARLIEST EVENT REPORTED: March 12, 2001 ATWOOD OCEANICS, INC. (Exact name of registrant as specified in its charter) COMMISSION FILE NUMBER 1-13167 TEXAS 74-1611874 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 15835 Park Ten Place Drive 77084 Houston, Texas (Zip Code) (Address of principal executive offices) Registrant's telephone number, including area code: 281-749-7800 ================================================================================ ITEM 7. EXHIBITS EXHIBIT 99.1 CONTRACT STATUS SUMMARY AT MARCH 12, 2001 ITEM 9. REGULATION FD DISCLOSURE The VICKSBURG (after completing its work for ENRON OIL & GAS LTD., which extended over two years) is in the process of being moved to drill one well for Niko Resources Ltd. in India at a dayrate of $44,000. Upon completion of this well (estimated end of March, 2001) the drilling unit will be relocated to Vietnam to drill one-well (with one option well) for Samedan Vietnam Limited at a dayrate of $48,000. The mobilization to Vietnam will take approximately 30 days at a cost of around $1 million. The contract provides for a mobilization payment of $200,000; thus, the net mobilization costs of $800,000 will be amortized over the term of the Samedan work, which could extend around 120 days if the option well is drilled. The Company is pursuing additional work for the VICKSBURG in Vietnam and other areas of Southeast Asia and if additional contracts are awarded, the net mobilization cost could be amortized over a longer period. Additional information with respect to the Company's contract status summary at March 12, 2001 is attached hereto as Exhibit 99.1, which is being furnished in accordance with Rule 101(e)(1) under Regulation FD and should not be deemed to be filed. Statements contained in this report with respect to the future are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors; the Company's dependence on the oil and gas industry; the risks involved in upgrade to the Company's rigs; competition; operating risks; risks involved in foreign operations; and governmental regulations and environmental matters. A list of additional risk factors can be found in the Company's Annual Report on Form 10-K for the year ended September 30, 2000, filed with the Securities and Exchange Commission. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATWOOD OCEANICS, INC. (Registrant) /s/ James M. Holland James M. Holland Senior Vice President DATE: March 12, 2001 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Contract Status Summary at March 12, 2001 EXHIBIT 99.1 EXHIBIT 99.5 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT MARCH 12, 2001 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS - ----------- -------- -------- --------------- SEMISUBMERSIBLES - - ------------------ ATWOOD FALCON PHILIPPINES SHELL PHILIPPINES The rig's current contract terminates in November 2001. EXPLORATION B.V. ATWOOD HUNTER UNITED DOMINION The rig is currently drilling one-well for DOMINION STATES GULF EXPLORATION & EXPLORATION & PRODUCTION INC., after completing a OF MEXICO PRODUCTION, INC. term contract of over 40 months for British Borneo Petroleum Inc./AGIP. Upon completing the current well (estimated late March/early April 2001), the rig will be moved to a shipyard in the United States to commence an additional upgrade estimated to cost between $40 to $45 million, and taking around five months to complete. ATWOOD EAGLE MEDITERRANEAN SAMEDAN, The rig has contractual commitments in Israel and Egypt SEA MEDITERRANEAN which should keep the rig employed until late fourth SEA, INC. quarter fiscal 2001 or early first quarter fiscal 2002. An approximate $80 million upgrade of the rig is planned immediately upon the rig completing its current contractual commitments, and taking around six months to complete. SEAHAWK MALAYSIA ESSO The rig's current contract terminates in November 2003, PRODUCTION with an option for the Operator to extend. MALAYSIA INC. ATWOOD SOUTHERN CROSS MEDITERRANEAN SEA GERMAN OIL & GAS EGYPT The rig has contractual commitments in Egypt and Turkey ` which should keep the rig employed into September 2001, and depending upon options exercised, could have work extending into fiscal 2002. SEASCOUT UNITED STATES NONE The SEASCOUT (ex-OCEAN SCOUT) was purchased in December GULF OF MEXICO 2000 for future conversion to a tender-assist unit, similar to the SEAHAWK, once an acceptable contract opportunity is secured. CANTILEVER JACK-UP - - -------------------- VICKSBURG INDIA NIKO RESOURCES LTD. The rig is preparing to drill one well for NIKO RESOURCES LTD., which should be completed by the end of March 2001. Upon completion of this well, the rig will be relocated to Vietnam to drill one-well (with one option well) for SAMEDAN VIETNAM LIMITED. If the option well is drilled, the work for Samedan could extend into August 2001. The Company continues to pursue additional commitments for the rig in Vietnam and other areas of Southeast Asia. SUBMERSIBLE - - ------------- RICHMOND UNITED STATES APPLIED DRILLING The rig is contractually committed to drill one-well with GULF OF MEXICO TECHNOLOGY INC. Applied Drilling Technology Inc. and three-wells with Texaco Exploration and Production Inc., which should keep the rig employed into May 2001. MODULAR PLATFORMS - - -------------------- RIG-19 AUSTRALIA NONE The rig is available for contract since it became idle in September 1999. RIG-200 AUSTRALIA NONE The rig is available for contract since it became idle in June 1999. MANAGEMENT/LABOR CONTRACTS -------------------------- GOODWYN 'A' / AUSTRALIA WOODSIDE ENERGY LTD. Term contract for management of drilling program. NORTH RANKIN 'A
-----END PRIVACY-ENHANCED MESSAGE-----