Rig Name | Rated Water Depth | Location | Customer | Estimated Contract End Date | Estimated Contract Day Rate | Additional Comments |
ATWOOD EAGLE | 5000’ | Australia | CHEVRON AUSTRALIA PTY LTD (“CHEVRON”) UNDER ASSIGNMENT FROM WOODSIDE ENERGY LTD | FIRM WORK – Mid-July 2010 | Approximately $405,000 | A portion of the dayrate is subject to some change due to currency exchange rate variance. |
| | Australia | BHP BILLITON PETROLEUM | FIRM WORK – (One approximately 60-day slot deferred from previous drilling program which is now expected to be completed in September 2010.) | Approximately $170,000 for 35 days and $465,000 thereafter until completion. | A portion of the dayrate is subject to some change due to currency exchange rate variance. |
| | TBD | N/A | N/A | N/A | The rig is expected to incur around ten (10) zero rate days in the fourth quarter of fiscal year 2010 and ten (10) zero rate days in the first quarter of fiscal year 2011 for regulatory inspections and planned maintenance. |
| | Australia | CHEVRON | FIRM WORK – (Until ATWOOD OSPREY commences operations in Australia) February/March 2011 | $430,000/$450,000 Depending on firm duration of Atwood Osprey Contract. | Subject to change due to cost escalation provisions in the contract. |
ATWOOD HUNTER | 5,000’ | Equatorial Guinea | NOBLE ENERGY INC (“NOBLE”) | FIRM WORK - December 2010 | $545,000 | Subject to change due to cost escalation provisions in the contract. |
| | Ghana/ Equatorial Guinea | KOSMOS ENERGY GHANA INC/NOBLE | FIRM WORK - October 2012 | $538,000 to $545,000 | Subject to change due to cost escalation provisions in the contract. |
ATWOOD FALCON | 5,000’ | Philippines (Upon completing the drilling program in the Philippines, the rig will be mobilized back to Malaysia) | SHELL | FIRM WORK – August 2011 | $431,000/plus approximately $4,000 of amortized per day revenues | Subject to change due to cost escalation provisions in the contract. |
| | TBD | N/A | N/A | N/A | The rig could incur around ten (10) zero rate days in the second quarter of fiscal year 2011 for regulatory inspections and planned maintenance. |
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 commitment. (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) | Subject to change due to cost escalation provisions in the contract. |
ATWOOD SOUTHERN CROSS | 2,000’ | Tunisia | AUDAX RESOURCES LTD. (“AUDAX”) | FIRM WORK – August 2010 | $154,500 | |
ATWOOD BEACON | 400’ | Equatorial Guinea | N/A | IDLE – July 9, 2010 | NONE | The rig is currently idle while waiting to be relocated to the Ivory Coast. The tow to the Ivory Coast is expected to commence on July 10, 2010, at which time the rig will be on a moving dayrate. |
| | Ivory Coast | EDISON INTERNATIONAL S.P.A. (IVORY COAST BRANCH) | FIRM WORK – September 2010 | $115,000 | |
| | Suriname/Guyana | MURPHY SURINAME OIL COMPANY, LTD./REPSOL EXPLORATION S.A./TEIKOKU OIL (SURINAME) CO. LTD. (INPEX) (“OPERATORS”) | MOBILIZATION – October 2010 (approximately 30 days) | | The contract provides for a lump sum mobilization fee of $4.5 million. The $4.5 million will be amortized over the 210- day minimum contract period. |
| | Suriname/Guyana | OPERATORS | FIRM WORK – May 2011 (Minimum of 210 days) | $115,000 | |
| | Suriname/Guyana | OPERATORS | DE-MOBILIZATION – TBD | | If the rig’s follow-on work is beyond 800 miles of the last drilling location, a lump sum de-mobilization fee of up to $7.8 million is payable. |
| | TBD | N/A | N/A | N/A | The rig could incur ten (10) zero rate days in the second or third quarters of fiscal year 2011 for regulatory inspections. |
VICKSBURG | 300’ | Thailand | NUCOASTAL (THAILAND) LIMITED (“NUCOASTAL”) | FIRM WORK – September 2010 | $90,000 | |
| | TBD | N/A | N/A | N/A | The rig is expected to incur ten (10) zero rate days the fourth quarter of fiscal year 2010 for regulatory inspections. |
ATWOOD AURORA | 350’ | Egypt | GAZ DE FRANCE UNTIL MID-2010 UNDER ASSIGNMENT FROM RWE DEA NILE GmbH | FIRM WORK – April 2011 | $133,000 | Subject to change due to cost escalation provisions in the contract. |
SEAHAWK | 1,800’ | Equatorial Guinea | AMERADA HESS EQUATORIAL GUINEA, INC. | FIRM WORK – August 2010 | $90,000 | |
RICHMOND | 70’ | US Gulf of Mexico | N/A | IDLE – Late July 2010 (The rig is currently undergoing regulatory inspections and any required repairs which are expected to take around thirty (30) days to complete) | | Atwood and Rooster have agreed on a standby fee and deferred force majeure agreement while Rooster applies for a drilling permit. |
| | US Gulf of Mexico | ROOSTER PETROLEUM, LLC | FIRM WORK – August/September 2010 | $36,000 | |