8-K 1 f8k051403.txt ================================================================================ 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: May 15, 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 MAY 15, 2003 ITEM 9. REGULATION FD DISCLOSURE The ATWOOD SOUTHERN CROSS has completed its contract with ENI S.p.A. and is preparing to commence a contract with Edison Gas S.p.A. ("Edison") off the coast of Italy. The contract with Edison provides for work on three plug and abandonment wells which is expected to take 30 to 60 days to complete. The contract provides for a dayrate of $46,000. Contract opportunities for additional work following completion of the Edison wells are being pursued in the Mediterranean Area. The ATWOOD FALCON is currently drilling its seventh well of an eight well contract with Woodside. The contract is estimated to be completed in June 2003. Following completion, the rig will be moved to Malaysia to drill one well for Sarawak Shell and one well for Murphy Sabah Oil Co., Ltd. ("Murphy"). The drilling of the wells in Malaysia should commence around July 1, 2003 and should take approximately 100 days to complete, with a dayrate of $83,300. Murphy has an option to drill one additional well at a later date. The ATWOOD HUNTER has completed its work in Egypt and is preparing to drill one well for Samedan, Mediterranean Sea off the coast of Israel. This well is estimated to take around 70 days to complete and will have a dayrate of $80,000. Additional information with respect to the Company's Contract Status Summary May 15, 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: May 15, 2003 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Contract Status Summary at May 15, 2003 EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT MAY 15, 2003 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS ------------------ -------- ------------------- ---------------------------------------- SEMISUBMERSIBLES - ------------------- ATWOOD FALCON AUSTRALIA WOODSIDE ENERGY LTD. The rig is drilling its seventh well of an ("WOODSIDE") eight well contract with Woodside. The contract is estimated to be complete in June 2003. Following completion, the rig will be moved to Malaysia to drill one well for Sarawak Shell and one well for Murphy Sabah Oil Co. The drilling of these wells should commence around July 1, 2003 and should take approximately 100 days to complete. Murphy has an option to drill one additional well at a later date. ATWOOD HUNTER ISRAEL SAMEDAN, MEDITERRANEAN The rig is preparing to drill one well for SEA Samedan, Mediterranean Sea ("Samedan"). This well is estimated to take 70 days to complete, with Samedan having an option to drill one additional well at a later date. ATWOOD EAGLE ANGOLA ESSO EXPLORATION ANGOLA The rig is drilling the second well of a firm (BLOCK 15) LIMITED three well contract with ESSO off the coast ("ESSO") of Angola. ESSO has options for four additional wells. If no option wells are drilled, the contract could terminate around mid August 2003. 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 EDISON GAS S.p.A. The rig is preparing to commence a contract SEA ("EDISON") with EDISON to work on three plug and abandonment wells which is expected to take 30 to 60 days to complete. Contract opportunities for additional work following completion of the EDISON wells are being pursued in the Mediterranean Area. 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. The rig is currently coldstacked. CANTILEVER JACK-UPS - --------------------- VICKSBURG MALAYSIA EXXONMOBIL EXPLORATION & In October 2002, the rig commenced a two-year PRODUCTION MALAYSIA INC. drilling program (with an option by 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 construction of the ATWOOD BEACON UNDER continues on schedule. The shipyard portion CONSTRUCTION of the construction should be completed by May 2003; additional equipment commissioning and testing may be carried out until July 2003 depending on the schedule for commencing operations. The Company is in discussion for a short-term contract for the rig to commence operation in July/August 2003. SUBMERSIBLE - ------------- RICHMOND UNITED STATES OCEAN ENERGY, INC./DEVON The rig is currently drilling the first of GULF OF MEXICO two firm wells for Ocean Energy, Inc./Devon. These two wells should take until the end of June 2003 to complete. Contract opportunities for additional work following completion of the rig's current contract are being pursued in the Gulf of Mexico. 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.