Home Add to Favorite Contact Submit  
           21 January, 2021


    
Category:  Press » Machinery

 

Atwood Oceanics Announces 30-Day Extension of Drilling Program for VICKSBURG

Popularity:
         Views: 1880
2009-08-08 06:18:16     
Atwood Oceanics, Inc

ATWOOD OCEANICS, INC., (NYSE: ATW) a Houston-based International Drilling Contractor, announced that the VICKSBURG (owned and operated by our wholly-owned subsidiary, Atwood Oceanics Pacific Limited) has amended its contract with NuCoastal (Thailand) Limited ("NuCoastal") to extend the firm period of the contract from ninety (90) days to one hundred twenty (120) days. This contract provides NuCoastal with an option to extend the program another ninety (90) days, which must be exercised no later than thirty (30) days after commencement of the contract.

If the duration of the drilling program is for the one hundred twenty (120) days firm period only, the operating dayrate will be $95,000; however, if NuCoastal exercises the option to extend the drilling program to two hundred ten (210) days, the operating dayrate will be adjusted to $90,000 for the entire period. The VICKSBURG is currently undergoing a life enhancing upgrade at a shipyard in Thailand which is expected to be completed by the end of August 2009. Immediately upon the rig completing this upgrade, it will commence working under the contract with NuCoastal.

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 including: the Company's dependence on the oil and gas industry; the risks involved in the construction of a rig and commencement of operations of the rig following delivery; competition; operating risks; risks involved in foreign operations; risks associated with possible disruption in operations due to terrorism, acts of piracy, embargoes, war or other military operations; 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, 2008, filed with the Securities and Exchange Commission.

Specialized in: Atwood Oceanics - Drilling - Drilling Contractor - Drilling Rigs - Drillers - Offshore - Offshore Jobs - Offshore Drilling - International Career Opportunities - Rigs - Jack-up - Semi-submersible - Fleet - Fleet Contract Status - Exploration - Water Depth - Cares - Atwood Cares - Atwood - Atw - Hse - Aom - Aopl - Aoa - Hunter
URL: http://www.atwd.com/
Print press release      Bookmark this page
Related Press releases 
Packline Materials Announce The Production Of Their New Roll Clamp Attachment With Rotation Facility And Extended Reach (Popularity: ): KANSAS CITY, Mo. - April 20, 2020 -- New to Packline Materials Handling and Ultrasource LLC, the roll handling equipment with extra-long reach and forward rotating clamp, is designed for rotating and positioning rolls of foil or film onto mandrels in a processing line. Constructed from stainless steel, this roll handling solution is suitable for the food, drinks and pharmaceutical industries.The roll clamp attachment with extended reach is designed for ...
Mestek Machinery to Exhibit at 2017 AHR Expo (Popularity: ): Las Vegas, Nevada - January 26, 2017 -- Mestek Machinery Inc., headquartered in Cedar Rapids, Iowa, has been recognized by the AHR Expo and its co-sponsors (ASHRAE and AHRI) as being a finalist in the Tools & Instruments Category of the 2017 AHR Expo Innovation Awards Competition for its Pro-Fabriduct® Manufacturing System.The Pro-Fabriduct® is a modular designed processor that integrates over 20 manufacturing processes into one combination residential/commercial rectangular duct ...
Semiconductor Machinery Manufacturing in the US Industry Market Research Report from IBISWorld Has Been Updated (Popularity: ): New York, NY - January 14, 2014 -- Semiconductor machinery manufacturing encompasses the necessary equipment for semiconductor production, including wafer-processing, assembly and packaging. According to IBISWorld Industry Analyst Darryle Ulama, “The industry is characteristically volatile; demand depends on conditions in downstream semiconductor manufacturing, which undergoes rapid technological change and shifts in the global supply chain.” Industry performance also relies on downstream demand for electronic products, such as TVs, computers and ...
RFcnn.com Has Introduced Its Latest Collection of G703 Mini Baluns (Popularity: ): November 26, 2013 -- RFcnn.com is one of the world’s leading balun suppliers. Its balun products include G703 Mini baluns, E1 mini baluns, E2 mini baluns, 1.6/5.6 mini baluns, BNC mini baluns, and many others. Recently, the company has introduced its latest collection of G703 Mini baluns and launched a collection of these new items.According to the CEO of the company, the promotion is launched for the international clients. “Our ...
Manufacturing Skill Standards Council Contributes to Workforce Skills Certification Goals (Popularity: ): ALEXANDRIA, Va., June 7, 2012 -- Last June 8, President Obama announced key steps to getting unemployed Americans back to work and maintaining the competitiveness of the US manufacturing economy. With 600,000 manufacturing jobs going unfilled, President Obama called on The Manufacturing Institute (the Institute) of the National Association of Manufacturers and its partners, including the Manufacturing Skill Standards Council (MSSC), to help build the educated and skilled workforce US ...

Press release home snapshot 


Related Business 
File Unemployment Extension & Help (Popularity: ): Unemployment-Extension.Org is utilized as a reference by Americans to file an Unemployment Extension and extended benefits when unemployment runs out. This Unemployment Extension program gives you an extra 12 to 20 full weeks of compensation when your State's Unemployment rate is high.
Integrated Ocean Drilling Program (IODP) (Popularity: ): A new international partnership of scientists and research institutions organized to explore Earth's structure and history through scientific ocean drilling. The research program will start in October 2003.
Pillar Drilling Machine Manufacture (Popularity: ): Drilling Machine Manufacture in India - Pillar Drilling Machine P4/40, Radial Drilling Machine RDH/A/330-Autofeed, Bench Drilling Machine BDM/LD-Light Duty, Drilling , Milling and Tapping Machine BDM/MT/GT, Pillar Drilling Machine P2/25/GT, Pillar Drilling Machine PA/30/GT, Bench Drilling Machine BDM/HD, Pillar Drilling Machine PDM/GT, Multi Spindle Drilling, Gang Drilling Machine, Radial Drilling Machine BVR/325/GT, Radial Drilling Machine RDH/325/GT.
Heavy Duty Drilling Machines Exporters (Popularity: ): Siddhapura Sales Corporation is a renowned Trader, Exporter and Supplier of Drilling Machines. We are a BSCIC & NABCB ISO 9001:2008 Certified Company. We provide the top-of-the-line Drilling Machines which meet the Indian Standard specifications. We provide wide range of Drilling Machines such as Pillar Drilling Machines, and Radial Drilling Machines. We provide different capacities and models of machines according to the needs of our clients.
Target Energy Group (Popularity: ): Provides independent drilling services including directional drilling, measurement-while-drilling and logging-while-drilling services. Offers news, a location map and recruitment information. Offices in UK, USA and Abu Dhabi.
Worldwide Drilling Rig Package (Popularity: ): Sales and supply of drilling Rigs and offshore jack-up drilling rigs for offshore drilling rigs project with offices in Canada, India, and United Arab Emirates. Drilling rigs as per iadc terms shipping and delivery worldwide for final rig-up and test. Complete spar parts source for national drilling rigs and Garden Denver pumps.
Auto Feed Drilling Machine Supplier (Popularity: ): Vandana Industries is a well-known Manufacturer and Supplier of Drilling Machines in India. Aided by the latest manufacturing technologies and advanced tools and machinery, our company manufactures a wide and comprehensive range of Drilling Machines. Our range of Drilling Machines includes Pillar Drilling Machines and Radial Drilling Machines. These varieties are manufactured with numerous specifications, making our product range a very large to choose from.
Horizontal Drilling Company (Popularity: ): Horizontal directional drilling done professionally by CCD Energy Services, leaders in environmental air drilling, pre-bore profile, and aquatic monitoring. We are highly skilled and socially-responsible HDD drilling experts, and it is our promise to you to be the best at what we do.
Iowa Master Gardener Info (Popularity: ): The Iowa Extension Master Gardener Program is a large volunteer organization coordinated by Iowa State University Extension. Master Gardeners assist with horticulture-related programs and projects sponsored by ISU Extension. To date, over 4,000 people, located in 97 of Iowa's 99 counties, have been trained as Master Gardeners.
Environmental Drilling Services (Popularity: ): EDS (located in De Pere, Wisconsin) offers a complete line of drilling services. We are experienced in the following areas of drilling: auger, mud rotary, air rotary, rock coring and directional drilling.