-----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, Apn4v88xUClPLRcqJAfdn1gcRwR+xY6OZoqmTWJhd3eqXfrhP3eSLBwPZ5aVuDlu OkLBwBAo1NkmO9IP9Dav2w== 0000008411-01-000014.txt : 20010411 0000008411-01-000014.hdr.sgml : 20010411 ACCESSION NUMBER: 0000008411-01-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010410 ITEM INFORMATION: FILED AS OF DATE: 20010410 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: 1598673 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: April 10, 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 April 10, 2001 ITEM 9. REGULATION FD DISCLOSURE The RICHMOND, which has a long record as an attractive, highly utilized unit in the Gulf of Mexico, has been awarded a two-well drilling program by Nexen Petroleum Offshore U.S.A. ("Nexen") immediately following the completion of its remaining three-well commitment with Texaco Exploration and Production Inc./Applied Drilling Technology Inc. ("Texaco/ADTI"). The contract commitment with Texaco/ADTI should be completed around the end of May 2001, with the Nexen commitment extending four to six months. The dayrate for the first Nexen well is $39,000, with a dayrate of $41,000 for the second Nexen well. The ATWOOD SOUTHERN CROSS, which has received drilling contracts from seven companies since it was relocated from Australia to the Mediterranean Sea in June 2000, has been awarded a one-well drilling program by Nordan Oil (1998) Ltd. ("Nordan") in Israel following the completion of its current commitments in Egypt and Turkey. The rig's current contractural commitments in Egypt and Turkey could keep it employed into fiscal 2002, with dayrates ranging from $55,000 to $61,000. The dayrate for the Nordan commitment is $70,000. The SEASCOUT, purchased in December 2000 for future conversion to a tender-assist unit, has been relocated from its offshore Gulf of Mexico stacking location to a dockside stacking location to facilitate offloading of all equipment and additional inspections in preparation for refurbishment and conversion once a contract opportunity has been secured. The conversion and upgrade will not be undertaken until an acceptable contract has been awarded. The VICKSBURG has completed its drilling program in India and is in the process of being relocated to Vietnam for its one-well (with one option well) drilling program for Samedan Vietnam Limited. Additional information with respect to the Company's contract status summary at April 10, 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: April 10, 2001 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Contract Status Summary at April 10, 2001 EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT APRIL 10, 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. Upon completing the current OF MEXICO PRODUCTION, INC. well (estimated late April/early May 2001), the rig will be moved to a shipyard in the United States to commence an additional upgrade estimated to cost around $45 million, and taking around five months to complete. ATWOOD EAGLE MEDITERRANEAN RASHID PETROLEUM COMPANY The rig has contractual commitments in Egypt which should SEA keep the rig employed until late fourth 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 AMOCO EGYPT OIL COMPANY The rig has contractual commitments in Egypt (Amoco Egypt SEA Oil Company.), Turkey (El Paso Production Company Turkey B.V.) and Israel (Nordan Oil (1998) Ltd.) which should keep the rig employed into fiscal 2002. SEASCOUT UNITED STATES NONE The SEASCOUT was purchased in December 2000 for future GULF OF MEXICO conversion to a tender-assist unit, similar to the SEAHAWK, once an acceptable contract opportunity is secured. CANTILEVER JACK-UP - - -------------------- VICKSBURG INDIA SAMEDAN VIETNAM LIMITED The rig is in the process of being 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 the Asia/Pacific and West African markets. SUBMERSIBLE - - -------------------- RICHMOND UNITED STATES TEXACO EXPLORATION AND The rig is contractually committed to drill three-wells with GULF OF MEXICO PRODUCTION, INC./APPLIED Texaco Exploration and Production Inc./Applied Drilling DRILLING TECHNOLOGY Technology Inc. ("Texaco/ADTI") which should keep the rig INC. employed into May 2001. Upon completion of the Texaco/ADTI work, the rig will commence a two-well drilling program for Nexen Petroleum Offshore U.S.A., which could keep the rig employed into first quarter fiscal 2002. 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'/ NORTH RANKIN'A' AUSTRALIA WOODSIDE ENERGY LTD. Term contract for management of drilling program.
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