-----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, JZRsgMcBkqHvt3Joq50gTqPwNJxvhcEV/mIze3rFaSrNPy0CvUkpx490IH3BKM/2 pfuMf4FxX78tFCP7wIfcyw== 0000008411-02-000018.txt : 20020416 0000008411-02-000018.hdr.sgml : 20020416 ACCESSION NUMBER: 0000008411-02-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020409 ITEM INFORMATION: FILED AS OF DATE: 20020409 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: 02605194 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 f8k040902.txt REGULATION DISCLOSURE ================================================================================ 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 9, 2002 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 9, 2002 ITEM 9. REGULATION FD DISCLOSURE The RICHMOND (a submersible drilling unit located in the United States Gulf of Mexico) has been awarded a contract by El Paso Production Oil & Gas Company to drill one well, plus an option for one additional well. The operating dayrate for the firm well is $18,000, with the well estimated to take 70 to 90 days to complete. This drilling program will commence upon completing (estimated by the end of April 2002) the current dockside maintenance, inspections and painting being performed on the rig. The ATWOOD EAGLE continues to work under its one-well program in Sicily which is currently expected to be completed toward the end of April 2002. Upon completion of this commitment, the rig will be immediately moved to a shipyard in Greece to commence its $90 million upgrade. The ATWOOD FALCON continues its work in the Philippines, which is now expected to be completed in late April to early May 2002. Upon completion of this commitment, the rig will be moved to Malaysia to commence its firm five-well plus option contract. The ATWOOD SOUTHERN CROSS is scheduled to complete its current drilling program in Egypt by the middle of April 2002 and then has a four to five month drilling program in Israel. The Company continues to monitor the ongoing situation in Israel, in particular, and the Middle East, in general for any future developments, which could negatively affect future operations. Additional information with respect to the Company's contract status summary at April 9, 2002 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; 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, 2001, 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 9, 2002 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.1 Contract Status Summary at April 9, 2002 EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT APRIL 9, 2002 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS - ----------- -------- -------- --------------- SEMISUBMERSIBLES - - ------------------- ATWOOD FALCON PHILIPPINES SHELL PHILIPPINES The rig's current contract terminates upon completion of EXPLORATION B.V. the present work in progress, estimated to be in late April to early May 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. ATWOOD HUNTER EGYPT BURULLUS GAS COMPANY The rig commenced in December 2001 an eleven-well drilling program estimated to take between 280 and 340 days to complete. ATWOOD EAGLE MEDITERRANEAN SEA ENI S.P.A. - AGIP The rig is drilling a one-well program off the coast of DIVISION ("AGIP") Sicily (estimated to be completed by the end of April 2002). An approximate $90 million upgrade of the rig is planned immediately upon the rig completing its current contractual commitment. The upgrade should take approximately six months shipyard time to complete. Contract opportunities to commence following the rig's upgrade are being pursued internationally. AGIP has an option to drill one additional well at a future date. SEAHAWK MALAYSIA EXXONMOBIL EXPLORATION & The rig's current contract terminates in November 2003, PRODUCTION MALAYSIA, INC. with an option for the Operator to extend. ATWOOD SOUTHERN CROSS MEDITERRANEAN SEA RASHID PETROLEUM COMPANY The rig has contractual commitments in Egypt and Israel which should keep the rig employed into the fourth quarter of fiscal 2002. SEASCOUT UNITED STATES GULF The SEASCOUT was purchased in December 2000 for future OF MEXICO conversion to a tender-assist unit, similar to the SEAHAWK, once an acceptable contract opportunity is secured. CANTILEVER JACK-UPS - - --------------------- VICKSBURG MALAYSIA-THAILAND CARIGALI-TRITON The rig commenced a drilling program in October 2001 which JOINT DEVELOPMENT OPERATING COMPANY could include up to 31 wells (completion of which should AREA ("CTOC") extend into fiscal 2003). CTOC has the option of canceling the contract at any time after giving a sixty-day written notice of termination. ATWOOD BEACON UNDER CONSTRUCTION The Company expects the construction of this ultra-premium jack-up drilling unit to be completed in June 2003. SUBMERSIBLE - - ------------- RICHMOND UNITED STATES GULF EL PASO PRODUCTION The drilling unit is currently at a dockside location OF MEXICO OIL & GAS undergoing some general maintenance, painting and inspections which could take until the end of April 2002 to complete. Upon completion of this scheduled work, the rig will commence drilling a one-well (estimated to take between 70 and 90 days to complete) plus an one-option well program in the US Gulf of Mexico. 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 drilling NORTH RANKIN 'A' 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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