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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: October 31, 2003
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 OCTOBER 31, 2003
ITEM 9. REGULATION FD DISCLOSURE
The ATWOOD HUNTER is currently idle offshore Egypt preparing to mobilize
for its next contract. The rig has been awarded a contract by MP Zarat to drill
one well offshore Tunisia, which should commence around mid-November 2003 and
should take approximately 20 to 25 days to complete. The contract provides for a
dayrate of $40,000, with mobilization and demobilization fees totaling $520,000.
It is anticipated that the drilling unit will be moved back to Egypt following
completion of this contract. Future contract opportunities for additional work
are being pursued in the Mediterranean area, as well as outside of the
Mediterranean.
The ATWOOD SOUTHERN CROSS is being mobilized to India to commence its one
well contract with Cairn Energy India Pty. Limited in early December 2003.
The ATWOOD EAGLE is currently drilling its one well contract for CNR Ranger
(Angola) Limited which is expected to be completed in late November to
mid-December 2003.
Additional information with respect to the Company's Contract Status
Summary October 6, 2003 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, 2002,
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: October 31, 2003
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Contract Status Summary at October 31, 2003
EXHIBIT 99.1
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
CONTRACT STATUS SUMMARY
AT OCTOBER 31, 2003
NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS
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SEMISUBMERSIBLES -
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ATWOOD FALCON MALAYSIA SARAWAK SHELL ("SHELL") The rig is currently working under a drilling
program in Malaysia to drill one well for Shell.
The drilling of this well is estimated to take
until mid-December 2003 to complete. Following
completion of its work in Malaysia, the rig will
be moved to Japan to drill two wells estimated to
take 100 to 120 days to complete.
ATWOOD HUNTER EGYPT PREPARING MP ZARAT The rig is currently preparing to be mobilized to
TO MOBILIZE TO Tunisia to commence a one-well drilling program
TUNISIA for MP Zarat around mid-November 2003. The one
well is expected to take 20 to 25 days to
complete. Future contract opportunities for
additional work are being pursued in the
Mediterranean area, as well as areas outside of
the Mediterranean.
ATWOOD EAGLE ANGOLA CNR RANGER (ANGOLA) In early October 2003, the rig commenced a
LIMITED ("CNR") one-well drilling program for CNR, which is
expected to be completed in late November to
mid-December 2003. Contract opportunities for
additional work in Angola and other areas of the
world are being pursued.
SEAHAWK MALAYSIA EXXONMOBIL EXPLORATION & The rig's current contract terminates in December
PRODUCTION MALAYSIA 2004, with an option for the Operator to extend.
INC. ("EMEPMI") EMEPMI has the right to terminate the contract
after the completion of the first six months of
the extension period (which commences in December
2003) with 120 days written notice.
ATWOOD SOUTHERN CROSS MOBILIZING TO CAIRN ENERGY INDIA PTY. The rig is currently being mobilized to India to
INDIA LIMITED ("CAIRN") commence, in early December 2003, a one-well plus
two-options drilling program for Cairn. The one
firm well is expected to take 60 days to complete
and, if the two options are exercised, an
additional 80 days could be added to the drilling
program. Contract opportunities for additional
work in India, as well as other areas of Southeast
Asia are being pursued.
SEASCOUT UNITED STATES The SEASCOUT was purchased in December 2000 for
GULF OF MEXICO future conversion to a tender-assist unit, similar
to the SEAHAWK, once an acceptable contract
opportunity is secured. The rig is currently
coldstacked.
CANTILEVER JACK-UPS -
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VICKSBURG MALAYSIA EXXONMOBIL EXPLORATION & In October 2002, the rig commenced a two-year
PRODUCTION MALAYSIA INC. drilling program (with an option by EMEPMI for one
("EMEPMI") additional year), with EMEPMI having the right to
terminate the drilling program after one year with
at least 120 days notice period.
ATWOOD BEACON MALAYSIA MURPHY SARAWAK OIL In early August 2003, the rig commenced working
COMPANY, LTD. ("MURPHY") under a contract with Murphy which provided for
the drilling of three firm wells plus options to
drill five additional wells off the coast of
Malaysia. Murphy has now exercised its option to
extend the contract for the additional five
wells. It should take until February/March 2004
to complete the drilling of the eight wells.
Contract opportunities for additional work
following completion of the Murphy 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 In September 2003, the rig commenced a two-well
GULF OF MEXICO CALIFORNIA ("UNOCAL") plus one option well contract for UNOCAL. UNOCAL
has exercised the option well and in addition, has
awarded the rig two more firm wells; thus,
providing for a total of five wells to be drilled
under the contract. It should take until around
February 2004 to complete the drilling of the five
wells.
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.