Exhibit 99.1
FLEET STATUS REPORT
Atwood Oceanics, Inc. and Subsidiaries Fleet Status Report as of January 5, 2015
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Rig Name | Rated Water Depth | Location | Customer | Estimated Contract End Date | Estimated Contract Day Rate | Additional Comments |
ULTRA-DEEPWATER |
ATWOOD ADVANTAGE | 12,000' | U.S. Gulf of Mexico | NOBLE ENERGY INC. | April 2017 (Fixed term) | $584,000 | Day rate subject to change due to cost escalation provisions in the contract. |
ATWOOD ACHIEVER | 12,000' | Morocco | KOSMOS ENERGY LTD. / PXP MOROCCO B.V. | November 2017 (Fixed term) | $595,000 (all applicable taxes to be reimbursed by client); $667,000 in Morocco | Day rate subject to change due to cost escalation provisions in the contract. |
ATWOOD ADMIRAL | 12,000' | Under construction in South Korea. Scheduled for delivery in September 2015. | --- | AVAILABLE | N/A | |
ATWOOD ARCHER | 12,000' | Under construction in South Korea. Scheduled for delivery in June 2016. | --- | AVAILABLE | N/A | |
ATWOOD CONDOR | 10,000' | U.S. Gulf of Mexico | SHELL OFFSHORE INC. | November 2016 (Fixed term) | $555,000 | Day rate subject to change due to cost escalation provisions in the contract. |
ATWOOD OSPREY | 8,200' | Australia | CHEVRON AUSTRALIA PTY. LTD. | May 2017 (Fixed term) | Approximately $470,000 | Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
The rig is expected to incur approximately 5 out of service days in the fiscal 2nd quarter for scheduled maintenance. |
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Rig Name | Rated Water Depth | Location | Customer | Estimated Contract End Date | Estimated Contract Day Rate | Additional Comments |
DEEPWATER SEMISUBMERSIBLES |
ATWOOD EAGLE | 5,000' | Australia | WOODSIDE ENERGY LTD. | August 2016 (Fixed term) | Approximately $460,000 | Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
The rig is expected to incur approximately 21 out of service days around March/April 2015 for its special survey. |
ATWOOD FALCON | 5,000' | Australia | APACHE ENERGY LTD. | Early January 2015 (Fixed term)
| Approximately $385,000 | Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
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| | Australia | MURPHY AUSTRALIA WA-481-P OIL PTY LTD | March 2015 (3 wells) | $499,500 | Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
The rig is expected to incur approximately 13 out of service days around March/April 2015 for its intermediate survey.
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| | Australia | BHP BILLITON PETROLEUM PTY., LIMITED | March 2016 (11 months) | Approximately $430,000 | Day rate subject to change due to cost escalation and currency exchange provisions in the contract.
The contract provides two option periods at the contracted rate with an estimated duration of 120 days per option.
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ATWOOD HUNTER | 5,000' | Ghana | ---
| AVAILABLE | N/A | |
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Rig Name | Rated Water Depth | Location | Customer | Estimated Contract End Date | Estimated Contract Day Rate | Additional Comments |
JACKUPS |
ATWOOD MAKO
| 400' | Malaysia | EQ PETROLEUM DEVELOPMENTS MALAYSIA SDN BHD | Late March 2015 (2 wells) | $145,000 | |
ATWOOD MANTA | 400' | Thailand | CEC INTERNATIONAL, LTD. | December 2015 (Fixed term) | $159,500 | Day rate subject to change due to cost escalation provisions in the contract. |
ATWOOD ORCA | 400' | Thailand | MUBADALA PETROLEUM | February 2016 (Fixed Term) | $159,500 through April 2015 / $165,000 thereafter | Day rate subject to change due to cost escalation provisions in the contract.
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ATWOOD BEACON | 400' | Italy | ENI S.p.A. | January 2016 (Fixed term) | 135,100 EUR (approximately $185,000 USD) | Day rate subject to change due to cost escalation provisions in the contract.
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ATWOOD AURORA | 350' | Cameroon | ADDAX PETROLEUM CAMEROON LIMITED | September 2016 (Fixed term)
| $158,000 / $185,000 (inclusive of Cameroon withholding tax depending on well location) | Day rate subject to change due to cost escalation provisions in the contract. |
DEFINITIONS AND DISCLAIMERS
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 cancelation 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.