-----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, BkUjcTkuHyKYYdzctw4ylfIjOXfx6cvQNr3Wzh20YYtPqvE4oEXHM8WtQ/nCH7Mf eLLq/WiG6wPGLdlaKBFxQg== 0000008411-04-000005.txt : 20040108 0000008411-04-000005.hdr.sgml : 20040108 20040108153533 ACCESSION NUMBER: 0000008411-04-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040108 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040108 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: 04515450 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 f8kjan82004.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: January 8, 2004 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 JANUARY 8, 2004 ITEM 9. REGULATION FD DISCLOSURE The ATWOOD SOUTHERN CROSS, which commenced a one well program for Cairn Energy India Pty. Limited ("Cairn") in early December 2003, completed this program on January 8, 2004. Cairn, which had options for two additional wells, has advised that no options will be exercised. The contract with Cairn provides for a demobilization fee of $400,000. The rig will remain in India while waiting for its next contract opportunity. Contract opportunities for additional work are being pursued in India, Malaysia and other areas of Southeast Asia. The ATWOOD FALCON has completed its mobilization to Japan and is preparing to commence its two-well drilling program for Japan Energy Development Co., LTD. This drilling program is expected to take around 100 to 120 days to complete. The ATWOOD HUNTER has commenced its drilling program for Burullus Gas Co. in Egypt, which includes ten firm wells, plus options to drill six additional wells. The drilling of the ten firm wells are expected to take around 400 days to complete and if all the option wells are drilled, the contract could extend for around 550 days. The ATWOOD EAGLE is continuing to prepare for its mobilization to Australia which is scheduled to commence around mid-January 2004. Additional information with respect to the Company's Contract Status Summary at January 8, 2004 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, 2003, 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: January 8, 2004 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Contract Status Summary at January 8, 2004 EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT JANUARY 8, 2004 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS - ----------- -------- --------- --------------- SEMISUBMERSIBLES - - ------------------ ATWOOD FALCON JAPAN JAPAN ENERGY DEVELOPMENT The rig is preparing to commence its two-well drilling CO. LTD. ("JED") program for JED. The drilling program is estimated to take around 100 to 120 days to complete. Immediately upon completing the JED contract, the rig will be moved to China to drill one well for Husky Oil China Ltd. ATWOOD HUNTER EGYPT BURULLUS GAS CO. The rig has commenced a drilling program for Burullus ("BURULLUS") which includes ten firm wells, plus options to drill six additional wells. The drilling of the ten firm wells are expected to take around 400 days to complete and if all the option wells are drilled, the contract could extend for around 550 days. ATWOOD EAGLE ANGOLA PREPARING BHP BILLITON PETROLEUM The rig is currently idle offshore Angola preparing to TO MOBILIZE IN PTY. LTD. ("BHP") AND be mobilized in January 2004 to Australia. The JANUARY 2004 TO APACHE ENERGY LIMITED Company has commitments from BHP and Apache to drill AUSTRALIA ("APACHE") three firm wells plus options to drill an additional four wells. Drilling of the three firm wells is expected to take three to four months to complete. In accordance with these commitments, the Company has entered into a contract with a towing company to transport the rig from Angola to Australia which is estimated to take approximately 30 days, with the tow scheduled to commence around mid-January 2004. Drilling contracts with BHP and Apache should be formalized in January 2004. 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 INDIA The rig is currently idle in India while waiting for its next contract opportunity. Contract opportunities for additional work are being pursued in India, Malaysia and other areas of Southeast Asia. SEASCOUT UNITED STATES The SEASCOUT was purchased in December 2000 for future GULF OF MEXICO 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 drilling PRODUCTION MALAYSIA INC. program (with an option by EMEPMI for one additional ("EMEPMI") year), with EMEPMI having the right to terminate the drilling program after one year with at least 120 days notice period. ATWOOD BEACON MALAYSIA PETRONAS CARIGALI SDN. In early August 2003, the rig commenced working under BHD. ("PETRONAS") a contract with Murphy Sarawak Oil Company, Ltd. ("Murphy") which provided for the drilling of three firm wells plus options to drill five additional wells off the coast of Malaysia. Murphy exercised its option to extend the contract for the additional five wells and then assigned four of the option wells to Petronas. Petronas has awarded the rig four more firm wells for a current total of eight wells to be drilled. Petronas is presently drilling its second well. It should take until April/May 2004 to complete the drilling of the eight wells. Contract opportunities for additional work following completion of the Petronas contract are being pursued in Malaysia as well as other areas outside of Malaysia. SUBMERSIBLE - - ------------- RICHMOND UNITED STATES UNION OIL COMPANY OF In September 2003, the rig commenced a two-well plus GULF OF MEXICO CALIFORNIA ("UNOCAL") one option well contract for UNOCAL. 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. 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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