Exhibit 99.1
FLEET STATUS REPORT
Atwood Oceanics, Inc. and Subsidiaries Fleet Status Report as of November 2, 2016
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| | 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. |
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| | 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.
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| | ATWOOD ARCHER | 12,000' | South Korea | --- | AVAILABLE | N/A | Delivery to occur on or prior to June 30, 2018 at Atwood’s option.
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| | 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. |
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| 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.
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| | | 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.
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| 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.
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| 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.
