-----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, Hh+Np6kcxPezgRk82C2Ij91iNA3rmg6cte2Hi05u5H/cT47GlXkpRhmaR2LPHAJl j75zY58JoUwBRlwEce5XAA== 0000008411-02-000059.txt : 20021104 0000008411-02-000059.hdr.sgml : 20021104 20021104144550 ACCESSION NUMBER: 0000008411-02-000059 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021104 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20021104 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: 02808091 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 f8k110402.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: November 4, 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 NOVEMBER 4, 2002 ITEM 9. REGULATION FD DISCLOSURE The ATWOOD HUNTER has been awarded two additional wells under its current contract with Burullus Gas Company ("Burullus") and has entered into a contract with German Oil & Gas Egypt ("German Oil") to drill one well following completion of its current extended contract. The Company will receive an effective dayrate of $50,000 for the two additional wells for Burullus and a dayrate of $55,000 for the one well for German Oil. This additional contract work is expected to take around 100 days to complete. The ATWOOD SOUTHERN CROSS is currently in Italy completing certain upgrades to meet Italian requirements before it can commence its contract for Eni S.P.A. - - AGIP division ("AGIP"). These upgrades are expected to cost approximately $1 million, with AGIP covering $550,000 of these costs. Except for the ten days required to mobilize the rig to Italy, the rig has earned no dayrate revenues since it completed its prior contract on September 6, 2002. The rig is expected to commence the AGIP contract sometime during November 2002. The operating dayrate for the AGIP work is $60,000, with the work estimate4d to take three to five months to complete. The ATWOOD FALCON has completed its work for Shell in Malaysia and has commenced its mobilization to Australia (expected to take three weeks) to commence two wells plus three option wells contract for Woodside Energy Ltd. In early October 2002, the VICKSBURG completed its modifications and upgrades and commenced its two year drilling project in Malaysia. Additional information with respect to the Company's contract status summary at November 4, 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: November 4, 2002 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Contract Status Summary at November 4, 2002 EX-99 3 exh991.txt EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT NOVEMBER 1, 2002
NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS SEMISUBMERSIBLES - ATWOOD FALCON MALAYSIA WOODSIDE ENERGY The rig has completed its work for Shell in Malaysia LTD. and has commenced its mobilization to Australia (expected to take three weeks) to commence its two wells plus three option wells contract for Wordside Energy Ltd. ATWOOD HUNTER EGYPT BURULLUS GAS COMPANY The rigs current contract with Burullus has been ("BURULLUS") extended by two additional wells. The rig has also been awarded a contract by German Oil & Gas Egypt. It should take approximately 100 days to complete the drilling of the three wells. ATWOOD EAGLE SHIPYARD IN GREECE The rig is continuing to undergoing an approximate $90 million water-depth upgrade and refurbishment, which should be completed in November/December 2002. Contract opportunities to commence following the rig's upgrade are being pursued internationally. SEAHAWK MALAYSIA EXXONMOBIL The rig's current contract terminates in December EXPLORATION & 2003, with an option for the Operator to extend. PRODUCTION MALAYSIA INC. ATWOOD SOUTHERN MEDITERRANEAN SEA ENI S.P.A. - AGIP The rig is in Italy completing certain upgrades to CROSS DIVISION ("AGIP") meet Italian requirements before it can commence its contract for AGIP. The rig is expected to commence the AGIP contract sometime during November 2002, with the work expected to take three to five months to complete. 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 JACK-UPS - VICKSBURG MALAYSIA EXXONMOBIL In early October 2002, the rig commenced a two-year EXPLORATION AND drilling program (with an option by EMEPMI for one PRODUCTION MALAYSIA additional year), with EMEPMI having the right to INC. ("EMEPMI") terminate the drilling program after one year at any time with a 120 days notice period. 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 APPLIED DRILLING The rig is currently drilling one well for Applied GULF OF MEXICO TECHNOLOGY INC. Drilling Technology Inc., which is expected to be completed in November 2002. Contract opportunities to commence following completion of the rig's current contract are being pursued in the U.S. Gulf of Mexico. MODULAR PLATFORMS - GOODWYN 'A'/NORTH AUSTRALIA WOODSIDE ENERGY LTD. There is currently an indefinite planned break in RANKIN 'A' drilling activity for the two client-owned rigs managed by the Company. The Company is involved in maintenance of the two rigs for future drilling programs.
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