Atwood Oceanics announces contract for Atwood Achiever

Atwood Oceanics announced that one of its subsidiaries agreed to a one well contract at an undisclosed dayrate 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 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 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.”