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Atwood Oceanics Wins New Contract for Atwood Achiever

Source: www.gulfoilandgas.com 8/9/2017, Location: Africa

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One of Atwood Oceanics, Inc. subsidiaries agreed to a one well contract at an undisclosed day rate for operations offshore Northwest Africa with Kosmos Energy Ventures for the ultra-deepwater rig, the Atwood Achiever. The new contract will commence immediately following the completion of the well in progress under the existing contract and also includes six one-well priced options. As a result of this contract, the expected earliest availability of the Atwood Achiever is March 2018, assuming no options are exercised. If all six options were to be exercised, the drilling program would be expected to extend until approximately December 2018.

Rob Saltiel, President and Chief Executive Officer of Atwood Oceanics, commented, "We are pleased to extend our drilling operations for Kosmos Energy in Northwest Africa. Kosmos continues to be a valued client, and we appreciate their confidence in the Atwood Achiever."

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