8-K 1 f8kjune242004.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: June 24, 2004 ATWOOD OCEANICS, INC. (Exact name of registrant as specified in its charter) COMMISSION FILE NUMBER 1-13167 Internal Revenue Service - Employer Identification No. 74-1611874 15835 Park Ten Place Drive, Houston, Texas, 77084 (281) 749-7800 ------------ ================================================================================ EXHIBIT 99. CONTRACT STATUS SUMMARY AT JUNE 24, 2004 ITEM 9. REGULATION FD DISCLOSURE The ATWOOD FALCON has completed its contract in China and is being mobilized to Malaysia for its next drilling program with Sarawak Shell which would normally take approximately 12 days to complete; however, the rig will stop at a shipyard in the Philippines to undergo some planned maintenance and upgrade of its quarters (estimated to take 21 days to complete). The estimated cost of the mobilization (not including the maintenance/upgrade) will be approximately $500,000 and will be amortized over the current 60 days firm portion of the Sarawak Shell drilling program. The rig is expected to commence working under the Sarawak Shell contract around August 1, 2004. This program involves the drilling of two firm wells with options to drill three additional wells and could extend into December 2004 if all five wells are drilled. The ATWOOD EAGLE has three remaining wells to drill for BHP Billiton Petroleum Pty. Ltd. ("BHP") with BHP having an option to drill one more well prior to the rig commencing its drilling program for Woodside Energy Ltd ("Woodside"). If the one option well is not drilled, the current drilling program with BHP should be completed in August 2004, with the rig then commencing its two firm wells plus one option well drilling program for Woodside. BHP has been granted three additional option wells which can only be drilled after the completion of the Woodside contract and are subject to mutual agreement on timing. The ATWOOD SOUTHERN CROSS is now drilling the second of three firm wells for Murphy Sarawak Oil Company ("Murphy"). Murphy has three remaining option wells. The ATWOOD BEACON continues to work under its contract with Conoco Phillips Indonesia Ltd. ("Conoco"). This program currently involves the drilling of four firm wells plus options to drill three additional wells. The RICHMOND is in the process of completing the drilling of one well for Applied Drilling Technology Inc. ("ADTI") which was assigned from Helis Oil & Gas Company ("Helis"). Upon completion of this well, the rig will have three firm wells to drill for Helis, with Helis having options to drill four additional wells. Additional information with respect to the Company's Contract Status Summary at June 24, 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: June 24, 2004 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Contract Status Summary at June 24, 2004 EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT JUNE 24, 2004 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS SEMISUBMERSIBLES - ATWOOD FALCON MOBILIZING TO SARAWAK SHELL ("SHELL") The rig is currently being mobilized to Malaysia for MALAYSIA its next drilling program with Shell which would normally take approximately 12 days to complete; however, the rig will stop at a shipyard in the Phillipines to undergo some planned maintenance and upgrade of its quarters (estimated to take 21 days to complete). The rig is expected to commence working under the Shell contract around August 1, 2004. This program involves the drilling of two firm wells with options to drill three additional wells and could extend into December 2004 if all five wells are drilled. 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 three remaining wells to drill for BHP, PTY. LTD. ("BHP") with BHP having an option to drill one more well prior to the rig commencing its drilling program for Woodside Energy, LTD. ("Woodside"). If the one option well is not drilled, the current drilling program with BHP should be completed in August 2004, with the rig then commencing its two firm wells plus one option well drilling program for Woodside. BHP has been granted three additional option wells which can only be drilled after the completion of the Woodside contract and are subject to mutual agreement on timing. In the event that the current BHP drilling program is further extended and Woodside is unable to drill both firm wells before the end of November 2004, Woodside has the right to reduce its commitment to one firm well. 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 October 1, 2004. Additional work is being pursued in Southeast Asia as well as other areas of the world. ATWOOD SOUTHERN CROSS MALAYSIA MURPHY SARAWAK OIL In March 2004, the rig commenced the Murphy drilling COMPANY, LTD. ("MURPHY") program which now includes the drilling of three firm wells plus options to drill an additional three wells. 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 THAILAND CHEVRON OFFSHORE In May 2004 the rig's contract with ExxonMobil (THAILAND) LIMITED Exploration & Production Malaysia Inc. ("EMEPMI") was ("CHEVRON") suspended and the rig moved to Thailand to commence a drilling program for Chevron. This program is expected to take approximately five months to complete, at which time, the rig will be moved back to Malaysia whereby EMEPMI will reinstate the rig's contract. Upon reinstatement, the EMEPMI drilling commitment will include the estimated five months suspension period plus an extension of twelve months, for a total of seventeen months commencing in October 2004. Once EMEPMI recommences its contract it will retain its right to terminate the contract by providing 120 days notice. ATWOOD BEACON MALAYSIA CONOCO PHILLIPS INDONESIA The rig is currently working on a drilling program for LTD. ("CONOCO") Conoco Phillips Indonesia Ltd. which now includes the drilling of four firm wells plus options to drill three additional wells. The drilling of the four firm wells is expected to take around 120 days to complete, with any option wells drilled expected to take 30 days each to complete. . SUBMERSIBLE - RICHMOND UNITED STATES APPLIED DRILLING The rig is in the process of completing the drilling GULF OF MEXICO TECHNOLOGY INC. ("ADTI") of one well for ADTI which was assigned from Helis Oil & Gas Company ("Helis"). Upon completion of this well, the rig will have three firm wells to drill for Helis, with Helis having options to drill four additional wells. The drilling of the three firm wells for Helis is expected to take 90 to 120 days to complete and if all four option wells are drille4d, the contract could extend to around 200 to 270 days. 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.