8-K 1 f8k030904.txt MARCH 9, 2004 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 20, 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 MARCH 9, 2004 ITEM 9. REGULATION FD DISCLOSURE The RICHMOND has been awarded a contract by Bois D' Arc Offshore Ltd. ("Bois") to drill one well plus deepen one well and complete four wells. The rig will move to the first Bois drilling location immediately upon completing its current contract with Union Oil Company of California, which should be completed in late March 2004. The Bois drilling program should take approximately 90 days to complete and will have a dayrate of $26,000. Additional information with respect to the Company's Contract Status Summary at March 9, 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: March 9, 2004 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Contract Status Summary at March 9, 2004 EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT MARCH 9, 2004 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS SEMISUBMERSIBLES - ATWOOD FALCON JAPAN JAPAN ENERGY DEVELOPMENT The rig has commenced drilling the last well under its CO. LTD. ("JED") drilling program for JED. The drilling of the well should be complete in April 2004. Immediately upon completing the JED contract, the rig will be moved to China to drill one well for Husky Oil China Ltd. Additional work is currently being pursued in Southeast Asia to follow the Husky well. ATWOOD HUNTER EGYPT BURULLUS GAS CO. On December 31, 2003, the rig commenced a drilling ("BURULLUS") program for 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 approximately 550 days. ATWOOD EAGLE AUSTRALIA BHP BILLITON PETROLEUM The rig has completed its mobilization to Australia PTY. LTD. ("BHP") AND and is preparing to commence the drilling program for APACHE ENERGY LIMITED BHP and Apache, which includes three firm wells plus ("APACHE") options to drill an additional four wells. Drilling of the three firm wells is expected to take three to four months to complete. SEAHAWK MALAYSIA EXXONMOBIL EXPLORATION & EMEPMI has given written notice that they will PRODUCTION MALAYSIA terminate the current contract upon completion of work INC. ("EMEPMI") in progress on June 29, 2004. Additional work will be pursued in Southeast Asia as well as other areas of the world. ATWOOD SOUTHERN CROSS MALAYSIA MURPHY SARAWAK OIL The rig is preparing to commence the Murphy drilling COMPANY, LTD. ("MURPHY") program which includes the drilling of two firm wells plus options to drill an additional four wells. Drilling of the two firm wells is expected to take 45 to 60 days to complete and if all option wells are drilled, the drilling program could extend from around 150 to 180 days. 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. There are currently no upgrade plans and 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. The estimated completion date of the current platform is around May 15, 2004. ATWOOD BEACON MALAYSIA PETRONAS CARIGALI SDN. The rig is preparing to drill the fourth of eight BHD. ("PETRONAS") wells for Petronas. This drilling program is expected to take until late June 2004 to complete. 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 The rig is expected to complete its current contract GULF OF MEXICO CALIFORNIA ("UNOCAL") with UNOCAL in late March 2004. Immediately upon completion of the contract the rig will commence a drilling program for Bois D' Arc Offshore, Ltd. which is expected to take approximately 90 days to complete. 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.