8-K 1 f8kfeb503.txt REGULATION DISCLOSURE ================================================================================ UNITED STATES 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: February 5, 2003 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 -------------------------------------------------------------------------------- N/A (Former name or former address, if changed since last report.) ================================================================================ ITEM 7. EXHIBITS EXHIBIT 99.1 CONTRACT STATUS SUMMARY AT FEBRUARY 5, 2003 ITEM 9. REGULATION FD DISCLOSURE The ATWOOD HUNTER, upon completion of its current drilling commitments (estimated around February 7, 2003), will drill one well for Apache Mediterranean Corporation LDC ("Apache") off the coast of Egypt. The drilling of the well is estimated to take 60 to 75 days to complete. The Agreement provides for an operating dayrate of $37,000; however, after applying certain future credits the recorded dayrate will be $29,000. Contract opportunities following the completion of the Apache well are being pursued in the Mediterranean Area. The ATWOOD FALCON continues on its contract commitment with Woodside Energy Ltd. ("Woodside") in Australia. Woodside has exercised two of its three remaining options under the contract and assigned one of these option wells to BHP Billiton Petroleum Pty. Ltd. The two option wells should extend the rig's work in Australia until March/April 2003. Additional information with respect to the Company's Contract Status Summary at February 5, 2003 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 the construction of a rig; competition; operating risks; risks involved in foreign operations; risks associated with possible disruption in operations due to terrorism; risks associated with a possible disruption in operations due to a war with Iraq; and governmental regulations and environmental matters. A list of additional risk factors can be found in the Company' annual report on Form 10-K for the year ended September 30, 2002, 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: February 5, 2003 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Contract Status Summary at February 5, 2003 EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT FEBRUARY 5, 2003 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS ------------- -------- -------------- ---------------- SEMISUBMERSIBLES - ATWOOD FALCON AUSTRALIA WOODSIDE ENERGY LTD. The rig is drilling its third well for ("WOODSIDE") Woodside. Woodside has exercised two of its three remaining options under the contract and assigned one of these option wells to BHP Billiton Petlroleum Pty. Ltd. The two option wells that have been executed should extend the rig's work in Australia until March/April 2003. ATWOOD HUNTER EGYPT GERMAN OIL & GAS EGYPT The rig is currently drilling one well for ("GERMAN OIL") German Oil which is expected to be completed around February 7, 2003. Upon completion of this well, the rig will drill one well for Apache Mediterranean Corporation LDC ("Apache"), which could take 60 to 75 days to complete. Contract opportunities for additional work following completion of the Apache well are being pursued in the Mediterranean Area. ATWOOD EAGLE IN TOW TO ESSO EXPLORATION ANGOLA The Company has a commitment from ESSO to ANGOLA (BLOCK 15) LIMITED enter into a contract for the use of the rig ("ESSO") to drill three firm wells, plus options for four additional wells, off the coast of Angola. The rig is expected to arrive Angola around February 18, 2003; however, it may not commence dayrate revenue until early to mid- March 2003. The drilling program could extend 6 to 12 months depending on the number of options exercised. SEAHAWK MALAYSIA EXXONMOBIL EXPLORATION & The rig's current contract terminates in PRODUCTION MALAYSIA INC. December 2003, with an option for the Operator to extend. ATWOOD SOUTHERN CROSS MEDITERRANEAN ENI S.P.A. - AGIP The rig commenced the AGIP contract in early SEA DIVISION ("AGIP") December 2002, with the work expected to take three to five months to complete. SEASCOUT UNITED STATES The SEASCOUT was purchased in December 2000 GULF OF MEXICO for future conversion to a tender-assist unit, similar to the SEAHAWK, once an acceptable contract opportunity is secured. CANTILEVER JACK-UPS - VICKSBURG MALAYSIA EXXONMOBIL EXPLORATION In early October 2002, the rig commenced a AND PRODUCTION MALAYSIA two-year drilling program (with an option by INC. ("EMEPMI") EMEPMI for one additional year), with EMEPMI having the right to terminate the drilling program after one year at any time with a 120 days notice period. ATWOOD BEACON The Company expects the construction of this UNDER ultra-premium jack-up drilling unit to be CONSTRUCTION completed around June 2003. SUBMERSIBLE - RICHMOND UNITED STATES BURLINGTON RESOURCES OIL The rig is currently drilling one well for GULF OF MEXICO & GAS COMPANY Burlington. Immediately upon completion of ("BURLINGTON") its current contract, the rig will commence a three-firm wells, plus four-option wells contract for Ocean Energy, Inc. The three firm wells have an estimated duration of 90 to 120 days. MODULAR PLATFORMS - GOODWYN 'A' /NORTH AUSTRALIA WOODSIDE ENERGY LTD. There is currently an indefinite planned RANKIN 'A' break in 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.