-----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, WTlfHzc2dkk0g6bDIxxSVxOW5lPerhdT6oWaiGP6q7GA1QkQVVVeAiPm2XY+xR2G W3lVC6IpI24w48VW7hA2hg== 0000008411-05-000022.txt : 20050302 0000008411-05-000022.hdr.sgml : 20050302 20050302105041 ACCESSION NUMBER: 0000008411-05-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050302 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050302 DATE AS OF CHANGE: 20050302 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: 05652685 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 f8kmar0205.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: March 2, 2005 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 ------------ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) =============================================================================== -1- ITEM 7.01 REGULATION FD DISCLOSURE The ATWOOD FALCON is expected to complete its current drilling program for Sarawak Shell Berhad ("Shell") by mid-March 2005. Immediately upon completion of the Shell contract, the rig will be moved to Japan to commence a two well program for Japan Energy Development Co., Ltd. The drilling of these two wells could take until September 2005 to complete. The dayrate for the Japan work will be $88,300 for all wells drilled, with a mobilization and demobilization fee of approximately $1.9 million, respectively. The ATWOOD EAGLE has commenced working under its drilling contract for Woodside Energy, Ltd. ("Woodside") which includes the drilling of four (4) firm wells with options to drill three (3) additional wells off the coast of Australia. Upon completion of the Woodside drilling program, the rig will return to work for BHP Billiton Petroleum ("BHP") to drill one (1) firm well with an option to drill one (1) additional well. If all of the option wells are drilled, the combined drilling programs could extend into November 2005. The dayrate for the Woodside work ranges from $89,000 to $109,000 depending on water depths of wells drilled. The dayrate for the BHP work is approximately $150,000. The ATWOOD HUNTER continues to work under its sixteen (16) wells drilling program for Burullus Gas Co. ("Burullus"). This drilling program is expected to take until September 2005 to complete. Immediately upon completion of the current drilling program, the rig will commence an estimated 30 days equipment upgrade to enable the rig to have the capability of drilling high pressure wells (15,000 P.S.I.). Upon completion of the upgrade, the rig will commence drilling two (2) firm wells for Burullus off the coast of Egypt, which is estimated to take 270 days to complete. The current dayrate is $62,400 which will apply during the 30-day upgrade plus Burullus will pay a lump sum fee of $1.5 million for the upgrade. After the equipment upgrade, the dayrate will increase to $125,000 during the drilling of the two firm wells. The SEAHAWK has completed its drilling commitment with Sarawak Shell Berhad. The rig is in the process of preparing to move to a dockside location in Malaysia and is expected to be off dayrate from mid-March 2005 through April 2005. The rig is expected to return to work in Malaysia in May 2005 at a dayrate of $50,000 for a contract that should extend until the rig commences preparation for its contract commitment in 2006 for Amerada Hess Equatorial Guinea, Inc. ("Hess") off the coast of Equatorial Guinea. The Hess contract is for a firm period of 730 days with four options of 180 days each. The contract provides for a base operating dayrate of $68,430. The ATWOOD SOUTHERN CROSS continues to work under its contract with Daewoo International Corporation ("Daewoo"), which now includes the drilling of three (3) firm wells after Daewoo exercised its option. This drilling program is expected to take until May/June 2005 to complete. This contract provides for a dayrate of $35,000 for the first two wells and $40,000 for the last well. Additional work, following the Daewoo contract is being pursued in Southeast Asia and the Mediterranean as well as other areas of the world. The RICHMOND is currently drilling the sixth well under its contract with Helis Oil & Gas Company ("Helis"), which now includes ten (10) firm wells after Helis exercised its most recent option. Helis has also been granted four additional option wells. The dayrate for the sixth well is $30,000, with the dayrate for wells 7 and 8 being $32,500 and wells 9 and 10 being $39,500. The dayrate for the four option wells is $45,000. The drilling of the current 10-wells firm program is expected to take until July 2005 to complete and if the option wells are drilled, the drilling program could extend into November 2005. -2- Additional information with respect to the Company's Contract Status Summary at March 2, 2005 is attached hereto as Exhibit 99.1, which is being furnished in accordance with rule 101(e)(l) under Regulation FD and should not be deemed to be filed. ITEM 9.01 EXHIBITS EXHIBIT NO.99.1 EX-99.1 Contract Status Summary at March 2, 2005 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 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 a war with Iraq; and governmental regulations and environmental matters. A list of additional risk factors can be found in the Company' annual report on Form 10-K for the year ended September 30, 2004, filed with the Securities and Exchange Commission. -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: March 2, 2005 -4- EXHIBIT INDEX EXHIBIT NO. DESCRIPTION EX-99.1 Contract Status Summary at March 2, 2005 -5- EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT MARCH 2, 2005 NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS - ----------- -------- ---------- --------------- SEMISUBMERSIBLES - - ------------------- ATWOOD FALCON MALAYSIA SARAWAK SHELL BERHAD The rig is expected to complete its current drilling ("SHELL") program for Shell by mid-March 2005. Immediately upon completion of the Shell contract, the rig will be moved to Japan to commence a two-firm well program for Japan Energy Development Co., Ltd. The drilling of these two wells is estimated to take until September 2005 to complete. ATWOOD HUNTER EGYPT BURULLUS GAS CO. The rig continues to work under its sixteen (16) wells ("BURULLUS") drilling program for Burullus, which is expected to take until September 2005 to complete. Immediately upon completion of the current drilling program, the rig will commence an estimated 30-days equipment upgrade to enable the rig to have the capability of drilling high pressure wells (15,000 P.S.I.). Upon completion of the upgrade, the rig will commence drilling two (2) firm wells for Burullus off the cost of Egypt, which is expected to take 270 days to complete. ATWOOD EAGLE AUSTRALIA WOODSIDE ENERGY, LTD. The rig has commenced a contract with Woodside to ("WOODSIDE") drill four (4) firm wells with options to drill three (3) additional wells off the coast of Australia. The drilling of the four firm wells is expected to take approximately four months to complete, and if all the option wells are drilled, the Woodside work could extend into August 2005. Upon completion of the Woodside drilling program, the rig will return to work for BHP Billiton Petroleum to drill one (1) firm well (expected to take 30 days to complete) with an option to drill one (1) additional well. SEAHAWK MALAYSIA The rig has completed its drilling commitment with Sarawak Shell Berhad. The rig is in the process of preparing to move to a dockside location in Malaysia and is expected to be off dayrate from mid-March 2005 through April 2005. The rig is expected to return to work in Malaysia in May 2005 on a contract that should extend until the rig commences preparation for its contract commitment in 2006 for Amerada Hess Equatorial Guinea, Inc. ("Hess"). The Hess contract is for a firm period of 730 days with four options of 180 days each. -6- ATWOOD SOUTHERN CROSS MALAYSIA DAEWOO INTERNATIONAL The rig is currently drilling a three (3) firm wells CORPORATION ("DAEWOO") program after Daewoo exercised an option. This program is expected to take until May/June 2005 to complete. Additional work, following the Daewoo contract is being pursued in Southeast Asia and the Mediterranean as well as other areas of the world. 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 2004, the rig commenced drilling under a PRODUCTION MALAYSIA INC. seventeen month program for EMEPMI. EMEPMI retains ("EMEPMI") its right to terminate the contract by providing 120 days notice. ATWOOD BEACON VIETNAM HOANG LONG AND HOAN VU The rig is currently working under a drilling program JOINT OPERATING COMPANIES for Hoang Long which includes the drilling of three ("HOANG LONG") (3) firm wells with options to drill three (3) additional wells. 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. SUBMERSIBLE - - -------------- RICHMOND UNITED STATES HELIS OIL & GAS COMPANY The rig is currently drilling the sixth well under the GULF OF MEXICO ("HELIS") Helis contract. Upon completion of this well, the rig will have four (4) firm wells to drill for Helis, with Helis having an option to drill four (4) additional wells. The drilling of the current firm wells is expected to take until July 2005 to complete and if the option wells are drilled, the contract could extend to November 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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