0000008411-13-000116.txt : 20131101 0000008411-13-000116.hdr.sgml : 20131101 20131101085921 ACCESSION NUMBER: 0000008411-13-000116 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131031 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131101 DATE AS OF CHANGE: 20131101 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: 131184371 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 f8knov12013.htm 8K FLEET STATUS NOV 1 2013 f8knov12013.htm


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:  November 1, 2013


ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)

TEXAS
(State or other jurisdiction of incorporation or organization)

COMMISSION FILE NUMBER 1-13167

Internal Revenue Service – Employer Identification No. 74-1611874

15835 Park Ten Place Drive
Houston, Texas, 77084
(Address of Principal Executive Offices)

(281) 749-7800
(Registrant’s Telephone Number,
Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
____________

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))
 
 
 
 

 
 
 
ITEM 7.01 REGULATION FD DISCLOSURE

Information with respect to the Company’s Fleet Status Report at November 1, 2013 is furnished as Exhibit 99.1 to this Current Report and is incorporated herein by reference.  Such information is being furnished under Regulation FD and should not be deemed to be filed under Section 19 of the Exchange Act.


SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)  
EXHIBITS

The exhibit to this report furnished pursuant to item 7.01 is as follows:

99.1           Fleet Status Report at November 1, 2013








 
 

 


EXHIBIT INDEX


EXHIBIT NO.                                        DESCRIPTION

99.1  
                             Fleet Status Report at November 1, 2013

 
 

 


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/ Mark L. Mey
Mark L. Mey
Senior Vice President
     
   
DATE: November 1, 2013
 
 


EX-99.1 2 exh99_1.htm FLEET STATUS NOV 1 2013 exh99_1.htm


EXHIBIT 99.1



FLEET STATUS REPORT

Atwood Oceanics, Inc. And Subsidiaries Fleet Status Report As of November 1, 2013

Rig Name
Rated Water Depth
Location
Customer
 
 
Estimated Contract End Date
Estimated Contract Day Rate
Additional Comments
ULTRA-DEEPWATER
 
       
ATWOOD ADVANTAGE
12,000’
Under construction in South Korea.
---
---
---
Delivery expected in late November 2013.
 
   
Eastern Mediterranean Sea
 
NOBLE ENERGY INC. (“NOBLE”)
 
February 2017
(36 months)
$584,000
Upon delivery from the shipyard, the rig will commence an approximate 90 day mobilization to the Eastern Mediterranean Sea at a day rate of approximately $409,000.
 
Day rate subject to change due to cost escalation provisions in the contract.
 
ATWOOD ACHIEVER
12,000’
Under construction in South Korea scheduled for delivery in June 2014.
 
---
---
---
 
   
Multiple countries, to commence in Morocco
 
KOSMOS ENERGY LTD.
 
September 2017
(36 months)
$595,000
(day rate will be grossed up for all applicable taxes, approximately $660,000 in Morocco)
Upon delivery from the shipyard, the rig will commence mobilization to Morocco at a day rate of approximately $417,000 with a scheduled arrival in September 2014.
 
Day rate subject to change due to cost escalation and tax reimbursement provisions in the contract.
 
ATWOOD ADMIRAL
12,000’
Under construction in South Korea scheduled for delivery in March 2015.
 
---
AVAILABLE
N/A
 
ATWOOD ARCHER
12,000’
Under construction in South Korea scheduled for delivery in December 2015.
 
---
AVAILABLE
N/A
 
ATWOOD CONDOR
10,000’
U.S. Gulf Of Mexico
 
SHELL OFFSHORE INC.
November 2016
(Fixed term)
$555,000
Day rate subject to change due to cost escalation provisions in the contract.
 
ATWOOD OSPREY
8,200’
Australia
CHEVRON AUSTRALIA PTY. LTD.
May 2017
(Fixed term)
Approximately $490,000 through May 2014/ approximately $470,000 thereafter
 
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.


 
 

 

 
 


DEEPWATER SEMISUBMERSIBLES
 
       
ATWOOD EAGLE
5,000’
Australia
 
WOODSIDE ENERGY LTD. (“WOODSIDE”)/ APACHE ENERGY LTD. (“APACHE”)
 
June 2014
(Fixed term)
Approximately $436,000 WOODSIDE/ $385,000  APACHE
Anticipated order of remaining drilling program is: WOODSIDE (3 wells) and APACHE (remainder of term).
 
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
 
   
Australia
WOODSIDE
June 2016
(24 months)
 
Approximately $460,000
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
 
ATWOOD FALCON
5,000’
Australia
 
APACHE
November 2014
(Fixed term)
 
Approximately $385,000
 
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
 
The rig is expected to incur approximately 15 zero rate days for regulatory inspections in November 2013.
 
ATWOOD HUNTER
5,000’
Equatorial Guinea
NOBLE
Mid December 2013
(Fixed term)
 
$435,000 (through November) / $513,000 (thereafter)
 
 
 
   
Equatorial Guinea
GUINEA ECUATORIAL DE PETROLEOS (“GEPetrol”)
 
February 2014
(3 wells)
$515,500
The contract provides an option for one well at the contracted rate with an estimated duration of 30 days.
 
The rig could incur approximately 110 zero rate days for planned maintenance and regulatory inspections in fiscal year 2014.
 

 
 

 

 

JACK-UPS
 
       
ATWOOD MAKO
400’
Thailand
SALAMANDER ENERGY (BUALUANG)  LIMITED
September 2014
(Fixed term)
 
$155,000
 
ATWOOD MANTA
400’
Malaysia/Thailand
CEC INTERNATIONAL, LTD. (“CEC”)
December 2015
(Fixed term)
 
Approximately $160,000
 
ATWOOD ORCA
400’
Thailand
 
MUBADALA PETROLEUM
 
May 2015
(Fixed term)
$159,500
Day rate subject to change due to cost escalation provisions in the contract.
 
ATWOOD BEACON
400’
Israel
SHEMEN OIL AND GAS RESOURCES LTD.
 
Early November 2013
(Fixed term)
 
$151,000
Day rate subject to change due to cost escalation provisions in the contract.
 
The rig is expected to incur approximately 15 zero rate days in November while waiting on tow vessel to relocate it to Italy.
 
   
Italy
 
ENI S.p.A.
November 2015
(24 months)
 
135,100 EUR (approximately $185,000 USD)
Day rate subject to change due to cost escalation provisions in the contract.
 
 
ATWOOD AURORA
350’
Cameroon
GLENCORE EXPLORATION CAMEROON LTD
 
May 2014
(3 wells remaining)
 
$155,000
Day rate subject to change due to cost escalation provisions in the contract.
 
The rig could incur approximately 5 zero rate days for regulatory inspections in the second quarter of fiscal year 2014.
 
   
Cameroon
ADDAX PETROLEUM CAMEROON LIMITED
 
May 2015
(12 months)
$164,000/ $193,000 (inclusive of Cameroon withholding tax depending on well location)
 
 
VICKSBURG
300’
Thailand
CEC
December 2013
(Fixed term)
 
$115,000
 
During October, we entered into an agreement to sell the rig.  The sale is expected to close when the current drilling program is completed.
 

 
 

 



OTHER
 
       
ATWOOD SOUTHERN CROSS
2,000’
Malta
---
COLD STACKED
 
N/A
 
SEAHAWK
1,800’
Ghana
---
COLD STACKED
 
N/A
 

 
 

 
 


DEFINITIONS AND DISCLAIMERS

As used herein, “we”, “us”, and “our” refers to Atwood Oceanics, Inc. and its subsidiaries, except where the context indicates otherwise.  Statements contained in this Fleet Status Report, including, but not limited to, information regarding our estimated rig availability, estimated delivery dates, estimated contract duration, day rates, future contract commencement dates and locations and planned out of service time are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These statements reflect management's reasonable judgment with respect to future events.  Forward-looking statements are subject to numerous risks, uncertainties and assumptions and actual results could differ materially from those anticipated as a result of various factors including: uncertainties related to the level of activity in offshore oil and gas exploration and development; oil and gas prices; competition and market conditions in the contract drilling industry; shipyard delays and the risks inherent in the construction of a rig; delays in the commencement of operations of a rig following delivery; our ability to enter into and the terms of future contacts; possible cancelation or suspension of drilling contracts; the availability of qualified personnel; labor relations; operating hazards and risks;   terrorism and political and other uncertainties inherent in foreign operations (including risk of war, civil disturbances, seizure or damage to equipment and exchange and currency fluctuations);  the impact of governmental and industry laws and regulations; and environmental matters.  These factors and others are described and discussed  in our most recently filed annual report on Form 10-K , in our Forms 10-Q for subsequent periods and in our other filings with the Securities and Exchange Commission which are available on the SEC’s website at www.sec.gov.  All information in this Fleet Status Report is as of the date indicated above and is subject to change without notice.  You should not place undue reliance on forward-looking statements.  Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no duty to update the content of this Fleet Status Report or any forward-looking statement contained herein to conform the statement to actual results or to reflect changes in our expectations.