RIG NAME | RATED WATER DEPTH | LOCATION | CUSTOMER | ESTIMATED CONTRACT END DATE | ESTIMATED CONTRACT DAYRATE | UNAUDITED AVERAGE PER DAY OPERATING COSTS (NOT INCLUDING TAX) FOR THE THREE MONTHS ENDED APRIL 30, 2009/MONTH ENDED APRIL 30, 2009 ONLY | ADDITIONAL COMMENTS |
SEMISUBMERSIBLES: |
ATWOOD EAGLE | 5000’ | Australia | WOODSIDE ENERGY LTD (“WOODSIDE”) | FIRM WORK – (2 years) June 2010 | Approximately $405,000 | $134,000/$127,000 | A portion of the dayrate is subject to some change due to currency exchange rate variance. |
| | | Australia | BHP BILLITON PETROLEUM | FIRM WORK – (One well deferred from previous drilling program which is expected to be drilled during the first quarter of fiscal year 2010.) | Approximately $170,000 for 35 days and $465,000 thereafter until completion. | N/A | |
| | | Australia | CHEVRON AUSTRALIA PTY. LTD. (“CHEVRON”) | FIRM WORK – (Until new semisubmersible arrives in Australia) February/March 2011 | $430,000/$450,000 | N/A | Subject to change due to cost escalation provisions in the contract. |
| | | Australia | CHEVRON | OPTION WORK – Has option to continue to use rig for a mutually agreed term after the new semisubmersible arrives in Australia. | $405,000/$425,000 | N/A | Subject to change due to cost escalation provisions in the contract. |
| | | TBD | N/A | N/A | N/A | N/A | The rig could incur ten (10) zero rate days in the first quarter of 2011 for regulatory inspections. |
| ATWOOD HUNTER | 5,000’ | Eastern Mediterranean Sea | NOBLE ENERGY, INC. (“NOBLE”) | FIRM WORK - July 2009 | $511,000 plus approximately $15,800 of amortizing revenues per day | $98,000/$108,000 | Subject to change due to cost escalation provisions in the contract. |
| | | Mobilizing to Ghana | KOSMOS ENERGY GHANA HC (“KOSMOS”) | FIRM WORK - September 2009 (Estimated to take 55 days) | $460,000 | N/A | Subject to change due to cost escalation provisions in the contract. |
| | | Ghana | KOSMOS | FIRM WORK - June 2010 (Estimated to take 270 days) | $538,000 | N/A | Subject to change due to cost escalation provisions in the contract. |
| | | Other West Africa Designated Areas | NOBLE/KOSMOS | FIRM WORK - October/November 2012 | $538,000 to $545,000 while operating and $460,000 during all mobilization periods | N/A | Subject to change due to cost escalation provisions in the contract. |
| | | TBD | N/A | N/A | N/A | N/A | The rig could incur ten (10) zero rate days in the fourth quarter of fiscal year 2009 for regulatory inspections. |
| ATWOOD FALCON | 5,000’ | Malaysia | SARAWAK SHELL BERHAD (“SHELL”) | FIRM WORK – August 2009 | $160,000/ plus approximately $28,000 of amortized per day revenue | $75,000/$79,000 | |
| | | Malaysia | SHELL | FIRM WORK – August 2011 (Two years from completion of current firm work which is expected to be August 2009) | $425,000/plus approximately $4,000 of amortized per day revenues | | Subject to change due to cost escalation provisions in the contract. |
| ATWOOD SOUTHERN CROSS | 2,000’ | | NONE | FIRM WORK – NONE | NONE | $60,000/$46,000 | Contract opportunities are currently being pursued. |
| | TBD | N/A | N/A | N/A | N/A | N/A | The rig could incur ten (10) zero rate days in the fourth quarter of fiscal year 2010 for regulatory inspections. |
| ATWOOD OSPREY | 6,000’ | Under construction in Singapore with Delivery Expected in early 2011 at which time the rig will be mobilized to Australia. | CHEVRON AUSTRALIA PTY. LTD. | FIRM WORK – Early 2014 if three-year commitment or early 2017 if six-year commitments. (Contract provides for a commitment of three years with option to extend to six years at time of delivery of rig) | $470,000 (if three-year commitment) $450,000 (if six-year commitment) | N/A | Subject to change due to cost escalation provisions in the contract. |
CANTILEVER JACK-UPS: |
| ATWOOD BEACON | 400’ | India | GUJARAT STATE PETROLEUM CORPORATION LTD (“GSPC”) | FIRM WORK – Completion of current well in progress. Currently, the rig has no contractual commitments following completion of its current well (Estimated July 2009). | $133,500 | $54,000/$41,000 | If no contract is secured by the time the rig completes its current contract, the rig will be “ready stacked” in India. |
| VICKSBURG | 300’ | Thailand | CHEVRON OVERSEAS PETROLEUM | FIRM WORK – | $154,000 | $48,000/$46,000 | |
| | | TBD | N/A | N/A Completion of current well in progress (Estimated mid-June 2009). Currently, the rig has no contractual commitments following completion of its current well. | N/A | N/A | Upon completion of its current well (estimated mid-June 2009), the rig will be moved to s shipyard in Thailand to undergo a life enhancing upgrade estimated to cost around $8 million and to take up to eight weeks to complete. If no contract opportunity is secured by the time this upgrade is complete, the rig will be “ready stacked” in Thailand. |
| ATWOOD AURORA | 350’ | | RWE DEA NILE GmbH (“RWE”) | FIRM WORK – April 2011 | $133,000 less approximately $1,500 per day amortized reduction due to certain mobilization costs. | N/A/$60,000 | Subject to change due to cost escalation provisions in the contract. |
| | | Egypt | RWE | OPTIONS – (1 Year) | TBD | N/A | |
SEMISUBMERSIBLE TENDER ASSIST UNIT: |
| SEAHAWK | 1,800’ | Equatorial Guinea | AMERADA HESS EQUATORIAL GUINEA, INC. (“HESS”) | FIRM WORK – March 2010 | $85,000 | $64,000/$64,000 | Contract provides for dayrate increases based upon certain cost escalations as well as an approximately $15,000 per day reduction during periods when the rig is being relocated to a new drilling site. |
| | | Equatorial Guinea | HESS | OPTIONS – (1 six-month option) September 2010 | $85,000 | N/A | Dayrate subject to increase due to contract cost escalations. |
SUBMERSIBLE: | | | | | |
| RICHMOND | 70’ | US Gulf of Mexico | NONE | FIRM WORK – NONE | NONE | $33,000/$38,000 | Contract opportunities are currently being pursued. |
| | | US Gulf of Mexico | N/A | N/A | N/A | N/A | The rig could incur ten (10) zero rate days in the third quarter of fiscal year 2010 for regulatory inspections. |
