EX-99.1 2 atw11216fleetstatus-final.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1
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FLEET STATUS REPORT
Atwood Oceanics, Inc. and Subsidiaries Fleet Status Report as of November 2, 2016
 
Rig Name
Rated Water Depth
Location
Client
Estimated Contract End Date
Estimated Contract Day Rate
Additional Comments
 
ULTRA-DEEPWATER
 
ATWOOD ADVANTAGE
12,000'
Israel
NOBLE ENERGY INC.
August 2017
(Fixed term)
$581,000
Mobilization from the US GoM to Israel commenced on September 17th and included 34 zero rate days. Zero rate days did not count against the term of the contract. Operations resumed on October 21st.
 
 
ATWOOD ACHIEVER
12,000'
Mauritania
KOSMOS ENERGY LTD.
November 2018
(Fixed term)
$495,500 (all applicable taxes to be reimbursed by client)
Client elected standby period commenced June 1, 2016 at 95% of operating rate.
 
ATWOOD ADMIRAL
12,000'
South Korea
---
AVAILABLE
N/A
Delivery to occur on or prior to September 30, 2017 at Atwood’s option.

 
ATWOOD ARCHER
12,000'
South Korea
---
AVAILABLE
N/A
Delivery to occur on or prior to June 30, 2018 at Atwood’s option.

 
ATWOOD CONDOR
10,000'
U.S. Gulf of Mexico
SHELL OFFSHORE INC.
Mid-November 2016
(Fixed term)
$555,000
 
 
 
 
U.S. Gulf of Mexico
NOBLE ENERGY INC.
January 2017
(2 wells)
$240,000
Transferred 2 remaining P&A wells from the Advantage to Condor.





ATWOOD OSPREY
8,200'
Australia
WOODSIDE ENERGY LTD.
December 2016
(Fixed term)
Approximately $450,000 until December 15th/ $185,000 thereafter for well in progress
Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
 
 
Australia
CONOCOPHILLIPS AUSTRALIA EXPLORATION PTY
March 2017
(1 well)
$185,000
Day rate subject to change due to various performance metrics. The contract provides a one well option at the contracted rate with a minimum duration of 45 days.
 
 
Australia
---
AVAILABLE
N/A

Being actively marketed March to December 2017.

 
 
Australia
WOODSIDE ENERGY LTD.
September 2019
(12 wells)
$190,000
Contract will commence January 2018 and has an estimated duration of 20-22 months. Contract provides for up to three mutually agreed options which must be declared before operations commence on the seventh well.
DEEPWATER SEMISUBMERSIBLES
ATWOOD EAGLE
5,000'
Singapore
---
AVAILABLE
N/A

Idled and being actively marketed.



JACKUPS
ATWOOD MAKO
400'
Philippines
---
AVAILABLE
N/A
Idled and being actively marketed.
ATWOOD MANTA
400'
Philippines
---
AVAILABLE
N/A
Idled and being actively marketed.
ATWOOD ORCA
400'
Singapore
---
AVAILABLE
N/A

Contract ended October 28th. Rig is currently idled and being actively marketed.

ATWOOD BEACON
400'
Malta
---
AVAILABLE
N/A
Contract ended August 9th. Rig is currently idled and being actively marketed.
ATWOOD AURORA
350'
Cameroon
---
AVAILABLE
N/A
Contract ended September 26th. Rig is currently idled and being actively marketed.







FORWARD-LOOKING STATEMENTS

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 cancellation 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.