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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST EVENT REPORTED: March 16, 2004
ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER 1-13167
TEXAS 74-1611874
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
15835 Park Ten Place Drive 77084
Houston, Texas (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: 281-749-7800
N/A
(Former name or former address, if changed since last report.)
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ITEM 7. EXHIBITS
EXHIBIT 99.1 CONTRACT STATUS SUMMARY AT MARCH 16, 2004
ITEM 9. REGULATION FD DISCLOSURE
The VICKSBURG has been awarded a contract by Chevron Offshore (Thailand)
Limited ("Chevron") for a drilling program offshore Thailand. The rig will move
to the Chevron drilling location immediately upon completing the drilling
program on the current platform for ExxonMobil Exploration & Production Malaysia
Inc. ("EMEPMI"). The EMEPMI contract for the VICKSBURG will be suspended upon
completion of drilling on the current platform which is expected to be around
May 15, 2004. The Chevron contract provides for a dayrate of $66,500. The
VICKSBURG will remain on dayrate during the period required to relocate the rig
from Malaysia to Thailand.
Additional information with respect to the Company's Contract Status
Summary at March 16, 2004 is attached hereto as Exhibit 99.1 which is being
furnished in accordance with Rule 101(e)(1) under Regulation FD and should not
be deemed to be filed.
Statements contained in this report with respect to the future 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: the Company's dependence on the oil and gas
industry; the risks involved in the construction of a rig; competition;
operating risks; risks involved in foreign operations; risks associated with
possible disruption in operations due to terrorism; risks associated with a
possible disruption in operations due to war; and governmental regulations and
environmental matters. A list of additional risk factors can be found in the
Company's annual report on Form 10-K for the year ended September 30, 2003,
filed with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ATWOOD OCEANICS, INC.
(Registrant)
/s/ James M. Holland
James M. Holland
Senior Vice President
DATE: March 16, 2004
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Contract Status Summary at March 16, 2004
EXHIBIT 99.1
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
CONTRACT STATUS SUMMARY
AT MARCH 16, 2004
NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS
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SEMISUBMERSIBLES -
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ATWOOD FALCON JAPAN JAPAN ENERGY DEVELOPMENT The rig has commenced drilling the last well under its
CO. LTD. ("JED") drilling program for JED. The drilling of the well
should be complete in April 2004. Immediately upon
completing the JED contract, the rig will be moved to
China to drill one well for Husky Oil China Ltd.
Additional work is currently being pursued in
Southeast Asia to follow the Husky well.
ATWOOD HUNTER EGYPT BURULLUS GAS CO. On December 31, 2003, the rig commenced a drilling
("BURULLUS") program for Burullus which includes ten firm wells
plus options to drill six additional wells. The
drilling of the ten firm wells are expected to take
around 400 days to complete, and if all the option
wells are drilled, the contract could extend for
approximately 550 days.
ATWOOD EAGLE AUSTRALIA BHP BILLITON PETROLEUM In March 2004, the rig commenced a drilling program
PTY. LTD. ("BHP") AND for BHP and Apache, which includes three firm wells
APACHE ENERGY LIMITED plus options to drill an additional four wells.
("APACHE") Drilling of the three firm wells is expected to take
three to four months to complete.
SEAHAWK MALAYSIA EXXONMOBIL EXPLORATION & EMEPMI has given written notice that they will
PRODUCTION MALAYSIA terminate the current contract upon completion of work
INC. ("EMEPMI") in progress on June 29, 2004. Additional work will be
pursued in Southeast Asia as well as other areas of
the world.
ATWOOD SOUTHERN CROSS MALAYSIA MURPHY SARAWAK OIL The rig is preparing to commence the Murphy drilling
COMPANY, LTD. ("MURPHY") program which includes the drilling of two firm wells
plus options to drill an additional four wells.
Drilling of the two firm wells is expected to take 45
to 60 days to complete and if all option wells are
drilled, the drilling program could extend from around
150 to 180 days.
SEASCOUT UNITED STATES The SEASCOUT was purchased in December 2000 for future
GULF OF MEXICO conversion to a tender-assist unit, similar to the
SEAHAWK. There are currently no upgrade plans and the
rig is currently coldstacked.
CANTILEVER JACK-UPS -
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VICKSBURG MALAYSIA EXXONMOBIL EXPLORATION & In October 2002, the rig commenced a drilling program
PRODUCTION MALAYSIA INC. (with an option by EMEPMI for one additional year),
("EMEPMI") with EMEPMI having the right to terminate the drilling
program after one year. The current contract will be
suspended upon completion of drilling on the current
platform (estimated around May 15, 2004). Immediately
upon completing its current drilling program, the rig
will be moved to Thailand to commence a drilling
program for Chevron Offshore (Thailand) Limited. This
program is expected to take approximately five months
to complete.
ATWOOD BEACON MALAYSIA PETRONAS CARIGALI SDN. The rig is drilling the fifth of eight wells for
BHD. ("PETRONAS") Petronas. This drilling program is expected to take
until late June 2004 to complete. Contract
opportunities for additional work following completion
of the Petronas contract are being pursued in Malaysia
as well as other areas outside of Malaysia.
SUBMERSIBLE -
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RICHMOND UNITED STATES UNION OIL COMPANY OF The rig is expected to complete its current contract
GULF OF MEXICO CALIFORNIA ("UNOCAL") with UNOCAL in late March 2004. Immediately upon
completion of the contract the rig will commence a
drilling program for Bois D' Arc Offshore, Ltd. which
is expected to take approximately 90 days to complete.
MODULAR PLATFORMS -
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GOODWYN 'A' /NORTH AUSTRALIA WOODSIDE ENERGY LTD. There is currently an indefinite planned break in
RANKIN 'A' drilling activity for the two client-owned rigs
managed by the Company. The Company is involved in
maintenance of the two rigs for future drilling
programs.