EX-99.1 2 0002.txt EXHIBIT 99.1 ATWOOD OCEANICS, INC. AND SUBSIDIARIES CONTRACT STATUS SUMMARY AT DECEMBER 20, 2000 NAME OF RIG LOCATION CONTRACT STATUS ------------------ ------------ ----------------------------------------- SEMISUBMERSIBLES - ------------------ ATWOOD FALCON Philippines The rig's current contract es terminates in November 2001. The rig is currently being moved from Malaysia to the Philippines to recommence drilling for Shell Philippines. ATWOOD HUNTER United Following completion of its States current contractual Gulf of commitments and possible short- Mexico term follow-up work (estimated January to March 2001), an additional upgrade is planned for the rig costing between $40 to $45 million, and taking four to five months to complete. ATWOOD EAGLE Mediterranean The rig is contractually Sea committed into the second half of fiscal 2001. An approximate $80 million upgrade of the rig is planned immediately upon the rig completing its current contractual commitments (estimated June to August 2001), and taking five to six months to complete. SEAHAWK Malaysia The rig's current contract terminates in November 2003, with an option for the Operator to extend. ATWOOD Mediterranean The rig is contractually SOUTHERN CROSS Sea committed in Israel, Egypt and Turkey into August 2001, and depending upon options exercised, could have work extending into fiscal 2002. SEASCOUT United The SEASCOUT (ex-OCEAN SCOUT) States was purchased in December 2000 Gulf of for future conversion to a Mexico tender-assist unit similar to the SEAHAWK. The rig will not be converted until an acceptable contract opportunity is secured. CANTILEVER JACKUP - ------------------- VICKSBURG India The rig's current contract expires at the completion of the well in progress at the end of December 2000 (estimated for early February 2001). The rig is being marketed in India, Southeast Asia and West Africa at an increased dayrate. SUBMERSIBLE - ------------- RICHMOND United The rig is contractually States committed in the United States Gulf of Gulf of Mexico into the second Mexico quarter of fiscal 2001. MODULAR PLATFORMS - ------------------- RIG-19 Australia The rig is available for contract since it became idle in September 1999. RIG-200 Australia The rig is available for contract since it became idle in June 1999.