EXHIBIT 99.4
ATWOOD OCEANICS, INC. AND SUBSIDIARIES FLEET STATUS REPORT
AS OF MAY 8, 2007
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 information regarding our
estimated rig availability, contract duration, future dayrates, future daily
operating costs, future effective tax rates, customer or contract status are
forward-looking statements. These statements reflect management's reasonable
judgment with respect to future events. Forward-looking statements involve risks
and uncertainties. Actual results could differ materially from those anticipated
as a result of various factors including: our dependence on the oil and gas
industry; the risks involved in upgrade, repair and construction of our rigs;
competition; operating risks; risks involved in foreign operations; risks
associated with possible disruptions in operations due to terrorism; risks
associated with a possible disruption in operations due to the war with Iraq and
governmental regulations and environmental matters. A list of additional risk
factors can be found in our annual report on Form 10-K for the year ended
September 30, 2006, filed with the Securities and Exchange Commission. All
information in this Fleet Status Report is as of the date indicated above. 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.
CHANGES WILL BE HIGHLIGHTED IN YELLOW
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UNAUDITED
ESTIMATED AVERAGE PER DAY
RATED ESTIMATED CONTRACT OPERATING COSTS ADDITIONAL
RIG NAME WATER LOCATION CUSTOMER CONTRACT END DAYRATE (NOT INCLUDING COMMENTS
DEPTH DATE TAX) FOR THE
THREE MONTHS
ENDED MARCH 31,
2007/MONTH ENDED
MARCH 31, 2007
ONLY
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SEMISUBMERSIBLES:
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ATWOOD 5000' Australia BHP BILLITON FIRM WORK - 4 wells at $94,000/84,000 Wells are
EAGLE PETROLEUM PTY (6 wells $160,000 subject to a
("BHPB") remaining 1 well at change in
including $170,000 sequence and a
current 1 well at portion of the
operation) $150,000 dayrate is
October 2007 (expected to be subject to some
drilled in change due to
June/July 2007) currency
exchange rate
variance.
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1
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Australia BHPB OPTIONS - $170,000 N/A A portion of the
(3 wells) dayrate is
January 2008 if all subject to some
three option wells change due to
are drilled (The currency exchange
first two option rate variance.
wells must be
exercised no later
than 68 days prior
to the completion
of the firm work)
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Australia ENI Spa AGIP FIRM WORK - $360,000 N/A We expect the well
EXPLORATION & (1 well) to take 40 to 45
PRODUCTION DIVISION February/March 2008 days to complete.
("ENI") (assuming that all
of the above option
wells are drilled)
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Australia WOODSIDE FIRM WORK - $405,000 N/A A portion of the
ENERGY LTD (2 years) dayrate is subject
("WOODSIDE") March 2010 to some change due
(assuming that all to currency
of the above option exchange rate
wells are drilled) variance.
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Australia N/A N/A N/A N/A The rig is expected
to incur ten to
fourteen zero rate
days during the
first or second
quarter of fiscal
year 2008 for
required regulatory
inspections and
planned
maintenance.
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2
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ATWOOD HUNTER 5,000' Mauritania/ WOODSIDE FIRM WORK - $240,000 $65,000/66,000 The rig is
Libya April/May 2008 (Mauritania) currently working
$245,000 (Libya) offshore Libya.
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TBD WOODSIDE OPTIONS - TBD N/A
Two (2)
six-month
options.
April/May
2009, if
exercised at
negotiated
market rate.
(Agreement
has to be
executed by
November 2007)
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TBD N/A N/A N/A N/A The rig could
incur around five
to ten zero rate
days during the
fourth quarter of
fiscal year 2007
for upgrades and
planned
maintenance.
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ATWOOD FALCON 5,000' Malaysia SARAWAK SHELL FIRM WORK - $113,000 $50,000/$50,000 (The $24 million
BERHAD ("SHELL") July 10, 2007 Shell
reimbursement is
being amortized as
revenues over the
remaining firm
contract
commitment
following the
upgrade (32
months) which will
increase dayrate
revenues by
approximately
$24,000.)
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Malaysia SHELL FIRM WORK - $160,000/ N/A Most of the work
(2 years) $200,000 during this period
July 2009 (dayrate is expected to be
depends on at the $160,000
water depth of dayrate level.
each well)
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Malaysia SHELL OPTION - TBD N/A
(1 year)
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3
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ATWOOD SOUTHERN 2,000' Bulgaria MELROSE RESOURCES FIRM WORK - $125,000 $48,000/$40,000
CROSS ("MELROSE") (3 wells) (two wells)
June 2007 $155,000
(one well)
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Bulgaria MELROSE OPTIONS - $125,000 N/A (There is a
(2 wells) possibility
August 2007 that Melrose
(if both will exercise
option wells its two option
are exercised plus add one
and drilled well but defer
immediately the drilling of
after the firm these wells
work) Options until after the
must be rig completes
exercised ten the first 3
(10) days wells of the
prior to TPAO program.)
completion of
second firm
well.
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Turkey TURKIYE PETROLLERI FIRM WORK - 3 wells at N/A (The TPAO
A.O. ("TPAO") (4 wells) $290,000 contractual
February 2008 1 well at work could
(assuming $320,000 commence in
above MELROSE June/July 2007
option wells if Melrose
are drilled defers drilling
immediately any option
following the wells until
completion of after the
their firm completion of
wells.) the TPAO work).
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Ukraine VANCO FIRM WORK - $325,000 N/A See above
INTERNATIONAL LTD. (1 well)
("VANCO") April 2008
(assuming
MELROSE options
are exercised)
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TBD N/A N/A N/A N/A The rig could
incur five to
ten zero rate
days during the
fourth quarter
of fiscal year
2007 for
regulatory
inspections.
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4
CANTILEVER JACK-UPS:
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ATWOOD BEACON 400' India GUJARAT STATE FIRM WORK - $113,000 $39,000/$38,000
PETROLEUM January 2008
CORPORATION LTD
("GSPC")
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India GSPC FIRM WORK - $133,500 N/A
(12 months)
January 2009
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India GSPC OPTIONS - (1 TBD N/A
year)
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VICKSBURG 300' Thailand CHEVRON OVERSEAS FIRM WORK - $94,500 $33,000/$32,000
PETROLEUM June 2007
("CHEVRON")
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- - Thailand CHEVRON FIRM WORK - $154,000 N/A
(2 years)
June 2009
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Thailand N/A N/A N/A N/A The rig is
expected to
incur ten to
fourteen zero
rate days during
the last quarter
of fiscal year
2007 for
required
regulatory
inspections.
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SEMISUBMERSIBLE TENDER ASSIST UNIT:
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SEAHAWK 1,800' Equatorial AMERADA HESS FIRM WORK - $69,680 $77,000/$85,000 Contract
Guinea EQUATORIAL September 2008 (plus provides for
GUINEA, INC. approximately dayrate
("HESS") $19,000 of increases based
amortized per upon certain
day revenue.) cost
escalations
beginning with
the second year
of the contract.
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Equatorial HESS OPTIONS - $69,680 N/A Dayrate subject
Guinea (2 years) to increase due
September to contract
2010 cost
(if all four escalations.
six-month
options are
exercised)
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SUBMERSIBLE:
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RICHMOND 70' US Gulf of HELIS OIL & GAS FIRM WORK - $80,000 $38,000/$45,000
Mexico ("HELIS") October 2007
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US Gulf of N/A N/A N/A N/A The rig could
Mexico incur fourteen
to twenty-one
zero rate days
during the first
quarter of
fiscal year 2008
for required
regulatory
inspections
and planned
maintenance.
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MANAGEMENT CONTRACT
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NORTH RANKIN `A' N/A Australia WOODSIDE FIRM WORK - Daily margin of The management
May 2007 around $5,000 contract is
expected to
terminate in
May 2007.
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6
NOTE - EXPECTED TAX RATE
1) The effective tax rate for fiscal year 2007 is now expected to be
13% to 16%. Virtually all of the Company's expected tax provision for fiscal
year 2007 relates to taxes in foreign jurisdictions. Working in foreign
jurisdictions with nontaxable or deemed profit tax systems contribute to the
effective tax rate being significantly less than the United States statutory
rate.
2) Other Drilling Costs in Addition to the Above Rig Costs -
PER DAY FOR THE THREE MONTHS ENDED MARCH 2007 $26,000
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