-----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, N9HICvGobsYERefh+onUa7pXrIEPkXopZ5g0/33Ac4vfcySkk9k+v7M+dZ37wJk0 Jj4qqiAtlb67D1KmgNr/Uw== 0000008411-04-000073.txt : 20040901 0000008411-04-000073.hdr.sgml : 20040901 20040901100043 ACCESSION NUMBER: 0000008411-04-000073 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040901 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040901 DATE AS OF CHANGE: 20040901 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: 041009798 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 f8ksept12004.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: September 1, 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 ------------ =============================================================================== PAGE 1 ITEM 7.01 REGULATION FD DISCLOSURE The Company has now commenced the process of repairing the damage incurred by the ATWOOD BEACON on July 25, 2004. Repairs have commenced on the drilling unit at the builder's shipyard in Singapore. One of the three legs has been recovered and is in the process of being transported to Singapore. Until the other two legs have been recovered, 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 ATWOOD BEACON has been awarded a contract for a drilling program in Vietnam which must be commenced between January 15, 2005 and April 15, 2005. A copy of the press release announcing this contract award is filed with this Form 8-K as Exhibit EX-9.1. Additional information with respect to the Company's Contract Status Summary at August 31, 2004 is attached hereto as Exhibit EX-9.2 which is being furnished in accordance with Rule 101(e)(1) under Regulation FD and should not be deemed to be filed. ITEM 8.01 OTHER EVENTS On September 1, 2004 the Company announced that the ATWOOD BEACON was awarded a contract to drill three firm wells, with options to drill three additional wells, offshore Vietnam. This drilling program must commence between January 15, 2005 and April 15, 2005. A copy of the press release announcing the contract award is filed with this Form 8-K as Exhibit EX-9.1 and is incorporated herein by reference. ITEM 9.01 EXHIBITS EXHIBIT NO. EX-9.1 Press Release dated September 1, 2004 EX-9.2 Contract Status Summary at September 1, 2004 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. PAGE 2 EXHIBIT INDEX EXHIBIT NO. DESCRIPTION EX - 9.1 Press Release dated September 1, 2004 EX - 9.2 Contract Status Summary at September 1, 2004 PAGE 3 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: September 1, 2004 PAGE 4 EXHIBIT EX. - 9.1 ATWOOD OCEANICS ANNOUNCES CONTRACT FOR ATWOOD BEACON Houston, Texas 1 September 2004 FOR IMMEDIATE RELEASE Atwood Oceanics, Inc. (Houston-based International Offshore Drilling Contractor - NYSE: ATW) announced today that HOANG LONG and HOAN VU Joint Operating Companies have awarded a contract to the ATWOOD BEACON to drill three (3) firm wells, with options to drill three (3) additional wells, offshore Vietnam. This contract provides for a dayrate of $62,000 for the three firm wells, a dayrate of $77,000 for the three option wells, and payment of $58,000 per day plus the cost of a tow vessel and fuel to mobilize the rig from Singapore to Vietnam. The three firm wells have a combined expected duration of 200 days and if all three option wells are drilled, the program could extend for another 200 days. The drilling of this program must commence between January 15, 2005 and April 15, 2005. Statements contained in this release 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 upgrade to the Company's rigs; competition; operating risks; risks involved in foreign operations; risks associated with possible disruptions in operations due to terrorism; 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. Contact: Jim Holland (281) 749-7804 PAGE 5 EXHIBIT EX - 9.2 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT SEPTEMBER 1, 2004 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS - ----------- -------- -------- --------------- SEMISUBMERSIBLES - - ------------------ ATWOOD FALCON MALAYSIA SARAWAK SHELL BERHAD The rig continues to work under the Shell contract ("SHELL") which involves the drilling of three firm wells with options to drill two additional wells. This contract 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 is expected to take until February 2005 to complete, and if all the option wells are drilled, the contract could extend into September 2005. ATWOOD EAGLE AUSTRALIA WOODSIDE ENERGY, LTD. The rig has commenced drilling the first of two firm ("WOODSIDE") wells for Woodside, with Woodside having an option to drill one more well. The drilling of the two firm wells is expected to take until the end of November 2004 to complete. BHP Billiton Petroleum Pty. (the rig's prior customer) has been granted three option wells which can be drilled after the completion of the Woodside contract and are subject to mutual agreement on timing. 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. PAGE 6 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 extend into October 2004, 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 UNDER REPAIR AT The process of repairing the damage incurred by the A SINGAPORE ATWOOD BEACON on July 25, 2004 continues on schedule. SHIPYARD Repairs have commenced on the drilling unit at the builder's shipyard in Singapore. One of the three legs has been recovered and is in the process of being transported to Singapore. Until the other two legs have been recovered, 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 ATWOOD BEACON has been awarded a contract by HOANG LONG and HOAN VU Joint Operating Companies to drill three firm wells, with options to drill three additional wells, offshore Vietnam. The three firm wells have a combined expected duration of 200 days and if all option wells are drilled, the program could extend for another 200 days. The drilling of this program must commence between January 15, 2005 and April 15, 2005. PAGE 7 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 until December 2004 to complete and if all four option wells are drilled, the contract could extend to June/July 2005. 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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