-----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, Efm9M8edLimN9147l6EIdSOcyL7SOrMkCJZNjf3pldsulKlSnZ62U6+ZyE1JD85j F206PkXZBD22G9aaCu/vtg== 0000008411-01-500026.txt : 20020412 0000008411-01-500026.hdr.sgml : 20020412 ACCESSION NUMBER: 0000008411-01-500026 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011211 ITEM INFORMATION: Other events FILED AS OF DATE: 20011211 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: 1934 Act SEC FILE NUMBER: 001-13167 FILM NUMBER: 1811205 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 f8kdec112001.txt ATWOOD FALCON AWARDED CONTRACT =============================================================================== 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: December 11, 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 5. OTHER EVENTS On December 11, 2001, the Company announced that Sarawak Shell Berhad and Sabah Petroleum Company Ltd. ("Shell") have awarded the ATWOOD FALCON a contract to drill five wells, (plus options by Shell to drill five additional wells) off the coast of Malaysia. A copy of the press release announcing the contract award is filed with the FORM 8-K as Exhibit 99.1 and is incorporated herein by reference. ITEM 7. EXHIBITS EXHIBIT 99.1 PRESS RELEASE DATED DECEMBER 11, 2001 EXHIBIT 99.2 CONTRACT STATUS SUMMARY AT DECEMBER 11, 2001 ITEM 9. REGULATION FD DISCLOSURE The RICHMOND has completed its drilling contract with Nexen Petroleum Offshore U.S.A. and is currently in sheltered water undergoing a few days of required repairs. These repairs should be completed around December 15, 2001 at which time the rig will be moved to a location in the United States Gulf of Mexico to commence a one-well (plus one-well option) contract for Samedan Oil Corporation. The dayrate for the firm well is $18,500, with the well estimated to take around 60 days to complete. The ATWOOD HUNTER has completed its mobilization to Egypt and is preparing to commence its drilling program which is estimated to take between 280 to 340 days to complete. Additional information with respect to the Company's contract status summary at September 5, 2001 is attached hereto as EXHIBIT 99.2, 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; risks associated with possible disruptions in operations due to terrorism; 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: December 11, 2001 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Press Release Dated December 11, 2001 99.2 Contract Status Summary at December 11, 2001 EXHIBIT 99.1 HOUSTON, TEXAS 11 DECEMBER 2001 FOR IMMEDIATE RELEASE: ATWOOD OCEANICS, INC. (A HOUSTON BASED INTERNATIONAL OFFSHORE DRILLING CONTRACTOR - NYSE: ATW) ANNOUNCED TODAY THAT SARAWAK SHELL BERHAD AND SABAH SHELL PETROLEUM COMPANY LTD ("SHELL") HAVE AWARDED THE ATWOOD FALCON A CONTRACT TO DRILL FIVE (5) WELLS PLUS OPTIONS FOR SHELL TO DRILL UP TO FIVE (5) ADDITIONAL WELLS OFF THE COAST OF MALAYSIA. THE ATWOOD FALCON IS CURRENTLY DRILLING ITS FINAL WELL UNDER ITS THREE-YEAR CONTRACT WITH SHELL PHILIPPINES EXPLORATION B.V. IMMEDIATELY UPON COMPLETION OF ITS CURRENT CONTRACT, THE RIG WILL BE MOVED TO MALAYSIA TO COMMENCE THE DRILLING PROGRAM FOR SHELL WHICH COULD EXTEND APPROXIMATELY ONE-YEAR IF ALL TEN WELLS ARE DRILLED. THE CONTRACT PROVIDES FOR A DAYRATE OF $73,300 FOR THE FIVE FIRM WELLS AND APPROXIMATELY $83,300 FOR THE FIVE OPTION WELLS, WITH A MOBILIZATION PAYMENT OF $250,000. CONTACT: JIM HOLLAND (281) 749-7804 EXHIBIT 99.2 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT DECEMBER 11, 2001 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS - ------------------ ---------- ----------------- -------------------------------- SEMISUBMERSIBLES - - ------------------ ATWOOD FALCON PHILIPPINES SHELL PHILIPPINES The rig's current contract terminates upon EXPLORATION B.V. completion of the present work in progress, estimated to be late 2001 or early 2002. Immediately upon completion of the current contract, the rig will be moved to Malaysia to commence a drilling program for Sarawak Shell Berhad and Sabah Shell Petroleum Company Ltd. ("Shell"). The drilling contract includes five firm wells plus provides Shell with options to drill five additional wells and could extend approximately one-year if all ten wells are drilled. ATWOOD HUNTER EGYPT BURULLUS GAS COMPANY The rig is preparing to commence an eleven-well drilling program estimated to take between 280 and 340 days to complete. ATWOOD EAGLE MEDITERRANEAN RASHID PETROLEUM The rig has contractual commitments in Egypt which SEA COMPANY should keep the rig employed until late 2001 or early 2002. An approximate $90 million upgrade of the rig is planned immediately upon the rig completing its contractual commitments, and taking around six months shipyard time to complete. Contract opportunities to commence following the rig's upgrade are being pursued internationally. SEAHAWK MALAYSIA ESSO The rig's current contract terminates in November PRODUCTION 2003, with an option for the Operator to extend. MALAYSIA INC. ATWOOD SOUTHERN MEDITERRANEAN ISRAMCO The rig has contractual commitments in Israel and CROSS SEA Egypt which should keep the rig employed until the fourth quarter of fiscal 2002. SEASCOUT UNITED STATES The SEASCOUT was purchased in December 2000 for GULF OF MEXICO future conversion to a tender-assist unit, similar to the SEAHAWK, once an acceptable contract opportunity is secured. CANTILEVER JACKUP - - -------------------- VICKSBURG MALAYSIA - CARIGALI - TRITON The rig has commenced a drilling program expected THAILAND OPERATING COMPANY to include 31 wells (estimated to take around 540 JOINT ("CTOC") days). CTOC has the option of canceling the DEVELOPMENT AREA contract at any time after giving a sixty-day written notice of termination. SUBMERSIBLE - - -------------- RICHMOND UNITED STATES SAMEDAN OIL The rig has a contractual commitment to drill GULF OF MEXICO CORPORATION one-well (estimated to take around 60 days) with ("SAMEDAN") Samedan having an option to drill one additional well at a future date. MODULAR PLATFORMS - - ------------------- RIG-200 AUSTRALIA The rig is available for contract since it became idle in June 1999. MANAGEMENT/LABOR CONTRACTS GOODWYN 'A' / AUSTRALIA WOODSIDE ENERGY LTD. There is currently an indefinite planned break in NORTH RANKIN 'A' drilling activity for the two client-owned rigs. The Company is involved in maintenance of the two rigs for future drilling programs.
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