Exhibit 99.1
FLEET STATUS REPORT
Atwood Oceanics, Inc. and Subsidiaries Fleet Status Report as of July 24, 2017
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| Rig Name | Rated Water Depth | Location | Client | Estimated Contract End Date | Estimated Contract Day Rate | Additional Comments |
| ULTRA-DEEPWATER DRILLSHIPS |
| ATWOOD ADVANTAGE | 12,000' | Israel | NOBLE ENERGY INC. | July 31, 2017 (Fixed term) | $581,000 |
A demobilization fee of $4.5 million will be due upon conclusion of the contract. The rig will be idled quayside in the Mediterranean and actively marketed. |
| ATWOOD ACHIEVER | 12,000' | Mauritania / Senegal | KOSMOS ENERGY LTD. | November 11, 2017
(Fixed term) | $595,500 (all applicable taxes to be reimbursed by client) |
Well in progress is estimated to be completed in January 2018. The day rate for well in progress is lower than the contract day rate and is not disclosed.
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| ATWOOD ADMIRAL | 12,000' | South Korea | --- | AVAILABLE | N/A | Delivery to occur on or prior to September 30, 2019 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, 2020 at Atwood’s option. The rig is expected to commence accruing shipyard and interest expenses in September 2017.
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| ULTRA-DEEPWATER SEMISUBMERSIBLES |
| ATWOOD CONDOR | 10,000' | Singapore | --- | N/A | N/A | The rig is in Singapore undergoing maintenance and projects prior to mobilization to Australia. |
| | | Australia | WOODSIDE ENERGY LTD. | July 2019 (12 wells) | $222,295 | A fee of $36.5 million will be received to mobilize the rig to Australia which will be amortized over the contract term. Milestone payments totaling $18.25 million have been billed and received. Operations are expected to commence January 2018 for an estimated duration of 550 days. |
| ATWOOD OSPREY | 8,200' | In transit to next location | --- | N/A | N/A |
The rig is expected to arrive on location for the next program in August 2017.
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| | | Australia | WOODSIDE ENERGY LTD. | Mid-November 2017 (1 well) | $185,000 | A total of $1.25 million in demobilization and mobilization fees will be received. Operations are expected to commence in August 2017 for an estimated duration of 100 days. |
| | | Australia | --- | AVAILABLE | N/A |
Being actively marketed November 2017 to March 2018.
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| | | Australia | WOODSIDE ENERGY LTD. | June 2018 (1 well) | $190,000 | Operations are expected to commence in early March 2018 for an estimated duration of 100 days. The contract provides a one well option at the contracted rate. |
| DEEPWATER SEMISUBMERSIBLE |
| ATWOOD EAGLE | 5,000' | Singapore | SOLD | | N/A |
We have entered into an agreement to scrap/recycle the rig and the transaction is expected to close in September 2017.
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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' | Thailand | MUBADALA PETROLEUM | April 2018 (Fixed term) | Not Disclosed | |
| ATWOOD BEACON | 400' | Malta | --- | AVAILABLE | N/A | Idled and being actively marketed. |
| ATWOOD AURORA | 350' | Malta | --- | AVAILABLE | N/A | 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.
