-----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, URLucYQnZjOz/NORX5oFyzhYdQ43jJSGfrq1PrCL53/FgZh4J4mY0v1bYGIoF2s7 hrRXhI2MnVZ3SlLrOXIHAQ== 0000008411-04-000071.txt : 20040812 0000008411-04-000071.hdr.sgml : 20040812 20040812172322 ACCESSION NUMBER: 0000008411-04-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040812 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040812 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: 04971221 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 f8kaug122004.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: August 12, 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 AUGUST 12, 2004 ITEM 9. REGULATION FD DISCLOSURE As a result of the incident that damaged the ATWOOD BEACON on July 25, 2004, the rig's contract in Indonesia has been terminated with effect from July 28, 2004 pursuant to force majuere notice provision. The drilling unit has been transported to the builder's shipyard in Singapore and is currently being inspected. The Company has begun the process of recovering the legs which, when recovered, will be transported to the builder's shipyard in Singapore. Until all the legs have been transported to Singapore and inspected, which is estimated to be around mid-September 2004, the Company will not be able to determine the repair period for the rig. The Company expects the drilling unit to be under a contract following its repairs. Additional information with respect to the Company's Contract Status Summary at August 12, 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 and repair 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: August 12, 2004 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION 99.1 Contract Status Summary at August 12, 2004 EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT AUGUST 12, 2004 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS - ------------- -------- ----------- --------------- SEMISUBMERSIBLES - - ------------------ ATWOOD FALCON MALAYSIA SARAWAK SHELL BERHAD The rig has commenced working under the Shell contract ("SHELL") which now involves the drilling of three firm wells with options to drill two additional wells and is currently anticipated to extend into January 2005. 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 commenced drilling its sixth well for BHP. PTY. LTD. ("BHP") BHP has 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 at the end of 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 four firm wells plus options to drill an additional two wells. The rig has been awarded a contract by Daewoo International Corporation ("Daewoo") to drill two firm wells plus an option to drill one additional well offshore Myanmar. The Daewoo work would commence immediately after completing the Murphy program. The drilling of the two firm wells is estimated to take 60 to 80 days to complete. 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 SINGAPORE As a result of the incident that damaged the ATWOOD SHIPYARD BEACON on July 25, 2004, the rig's contract in Indonesia has been terminated with effect from July 28, 2004 pursuant to force majuere notice provision. The drilling unit has been transported to the builder's shipyard in Singapore and is currently being inspected. The Company has begun the process of recovering the legs which, when recovered, will be transported to the builder's shipyard in Singapore. Until all the legs have been transported to Singapore and inspected, which is estimated to be around mid-September 2004, the Company will not be able to determine the repair period for the rig. The Company expects the drilling unit to be under a contract following its repairs. SUBMERSIBLE - - ------------ RICHMOND UNITED STATES APPLIED DRILLING The rig is currently drilling a second well for ADTI GULF OF MEXICO TECHNOLOGY INC. ("ADTI") which was assigned from Helis Oil & Gas Company ("Helis"). Upon completion of this well, the rig will have two firm wells to drill for Helis, with Helis having options to drill four additional wells. The drilling of the remaining firm wells is expected to take 90 to 120 days to complete and if all four option wells are drilled, 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.
-----END PRIVACY-ENHANCED MESSAGE-----