-----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, SGrh8wheMdhuqZpOOF0ncOYsWMxNMsiLpzK0/I5UegxawFarpbEct7zI3ajzObBC afL+lZOFBd/Dqexjhydk8Q== 0000008411-03-000049.txt : 20031006 0000008411-03-000049.hdr.sgml : 20031006 20031006163854 ACCESSION NUMBER: 0000008411-03-000049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031006 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20031006 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: 03929972 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 f8koct62003.txt FORM 8-K OCTOBER 6, 2003 ================================================================================ 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: October 6, 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 OCTOBER 6, 2003 ITEM 9. REGULATION FD DISCLOSURE The ATWOOD SOUTHERN CROSS has been awarded a contract by Cairn Energy India Pty. Limited ("Cairn") to drill one firm well plus options for two additional wells off the coast of India. The drilling of the firm well is expected to take around 60 days to complete and, if the two options are exercised, another 80 days could be added to the program. The contract provides for a dayrate of $30,000 and a mobilization fee of $3 million, which is expected to cover the cost of relocating the rig from Egypt to India. Drilling operations are not expected to commence until the end of November, 2003. Contract opportunities for additional work following completion of the Cairn contract are being pursued in India and other areas of Southeast Asia. The RICHMOND is currently working under a contract with Union Oil Company of California ("Unocal"). Initially, the contract provided for the drilling of two firm wells plus an option well. Unocal has exercised the option well and in addition, has awarded the rig two more firm wells; thus, providing for a total of five wells to be drilled under the contract, of which, one has been completed. The Unocal contract provides for a dayrate of $26,500 and should take until February 2004 to complete. Additional information with respect to the Company's Contract Status Summary October 6, 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 in 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 war; 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, 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: October 6, 2003 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Contract Status Summary at October 6, 2003 EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT OCTOBER 6, 2003 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT OCTOBER 6, 2003 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS ----------- -------- -------- --------------- SEMISUBMERSIBLES - - ------------------- ATWOOD FALCON MALAYSIA SARAWAK SHELL ("SHELL") The rig is currently working under a drilling program in Malaysia to drill one well for Shell. The drilling of this well is estimated to take until mid-November 2003 to complete. Following completion of its work in Malaysia, the rig will be moved to Japan to drill two wells estimated to take 100 to 120 days to complete. ATWOOD HUNTER ISRAEL ISRAMCO, INC. The rig is expected to complete its one well program in Israel in mid-October 2003. Upon completion of this work, the rig may be idle while waiting for its next contract opportunity. Future contract opportunities for additional work are being pursued in the Mediterranean area, as well as areas outside of the Mediterranean. ATWOOD EAGLE ANGOLA CNR RANGER (ANGOLA) On September 22, 2003, the rig completed its work LIMITED ("CNR") for ExxonMobil and is currently preparing to commence in early to mid October 2003 a one-well drilling program for CNR, which is expected to take 40 to 106 days to complete. Contract opportunities for additional work in Angola and elsewhere in West Africa are being pursued. SEAHAWK MALAYSIA EXXONMOBIL EXPLORATION & The rig's current contract terminates in December PRODUCTION MALAYSIA 2004, with an option for the Operator to extend. INC. ("EMEPMI") EMEPMI has the right to terminate the contract after the completion of the first six months of the extension period (which commences in December 2003) with 120 days written notice. ATWOOD SOUTHERN CROSS EGYPT PREPARING CAIRN ENERGY INDIA PTY. The rig is currently preparing to be mobilized to TO MOBILIZE TO LIMITED ("CAIRN") India to commence, at the end of November 2003, a INDIA one-well plus two-options drilling program for Cairn. The one firm well is expected to take 60 days to complete and, if the two options are exercised, an additional 80 days could be added to the drilling program. Contract opportunities for additional work in India, as well as other areas of Southeast Asia are being pursued. 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. 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 for one ("EMEPMI") additional year), with EMEPMI having the right to terminate the drilling program after one year with at least 120 days notice period. ATWOOD BEACON MALAYSIA MURPHY SARAWAK OIL In early August 2003, the rig commenced working COMPANY, LTD. ("MURPHY") under a contract with Murphy which provided for the drilling of three firm wells plus options to drill five additional wells off the coast of Malaysia. Murphy has now exercised its option to extend the contract for the additional five wells. It should take until January/February 2004 to complete the drilling of the eight wells. Contract opportunities for additional work following completion of the Murphy contract are being pursued. SUBMERSIBLE - - ------------- RICHMOND UNITED STATES UNION OIL COMPANY OR In September 2003, the rig commenced a two-well GULF OF MEXICO CALIFORNIA ("UNION") plus one option well contract for UNION. UNION has exercised the option well and in addition, has awarded the rig two more firm wells; thus, providing for a total of five wells to be drilled under the contract. It should take until around February 2004 to complete the drilling of the five wells. 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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