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 JULY 31, 2009/MONTH ENDED JULY 31, 2009 ONLY | ADDITIONAL COMMENTS |
SEMISUBMERSIBLES: |
| ATWOOD EAGLE | 5000’ | Australia | WOODSIDE ENERGY LTD (“WOODSIDE”) | FIRM WORK – (2 years) June 2010 | Approximately $405,000 | $144,000/$139,000 | 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’ | Ghana | KOSMOS ENERGY GHANA HC (“KOSMOS”) | FIRM WORK - June 2010 (Estimated to take 270 days) | $538,000 | $114,000/$144,000 (The rigs operating costs were high in July due to its required inspection. Operating costs are expected to decline in August and September.) | Subject to change due to cost escalation provisions in the contract. |
| | | Other West Africa Designated Areas | NOBLE ENERGY INC (“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. |
| ATWOOD FALCON | 5,000’ | Malaysia | SARAWAK SHELL BERHAD (“SHELL”) | FIRM WORK – August 2011 | $425,000/plus approximately $4,000 of amortized per day revenues | $64,000/$56,000 | Subject to change due to cost escalation provisions in the contract. |
| ATWOOD SOUTHERN CROSS | 2,000’ | West Africa | NONE | FIRM WORK – NONE | NONE | $62,000/$55,000 | Contract opportunities are currently being pursued while rig is “ready stacked” in West Africa. |
| | 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’ | In process of being moved to Singapore | NONE | FIRM WORK – NONE | NONE | $56,000/$66,000 | Contract opportunities are currently being pursued while rig is currently “ready stacked” in India. |
| VICKSBURG | 300’ | Thailand | NUCOASTAL (THALAND) LIMITED (“NUCOASTAL”) | FIRM WORK – November 2009 | $95,000 (If drilling program only extend for three months) | $41,000/$22,000 (Operating costs were low in July due to the rig being in a shipyard undergoing an upgrade.) | |
| | | | NUCOASTAL | OPTION WORK – February 2010 (NuCoastal has an option which must be exercised no later than 30 days after commencement of the contract to extend the program to six months.) | $90,000 for entire period if program extends for six months | | |
| 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. | $56,000/$56,000 | 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 – September 2010 | $87,000 (Dayrate for the fourth quarter of fiscal year 2009 will be reduced for approximately 30 days by $20,000 per day while the rig is being relocated to a new drilling site. | $73,000/$67,000 | Contract provides for dayrate increases based upon certain cost escalations as well as an approximately $20,000 per day reduction during periods when the rig is being relocated to a new drilling site. |
SUBMERSIBLE: | | | | | |
| RICHMOND | 70’ | US Gulf of Mexico | NONE | FIRM WORK – NONE | NONE | $39,000/$44,000 | Contract opportunities are currently being pursued while rig is “ready stacked” in Gulf of Mexico. |
| | | 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. |
