===============================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST EVENT REPORTED: July 19, 2005
ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER 1-13167
Internal Revenue Service - Employer Identification No. 74-1611874
15835 Park Ten Place Drive, Houston, Texas, 77084
(281) 749-7800
------------
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
===============================================================================
-1-
ITEM 8.01 OTHER EVENTS
On July 19, 2005, the Company announced that the VICKSBURG, owned and
operated by its wholly owned subsidiary Atwood Oceanics Pacific Limited, has
been awarded a contract by Total Exploration and Production Myanmar ("Total") to
drill two (2) development wells plus an option to drill one (1) additional well
offshore Myanmar immediately upon completion of the rig's current contract with
ExxonMobil Exploration & Production Malaysia Inc. ("EMEPMI"). The rig's current
contract is expected to be completed during the first quarter of calendar year
2006. The contract provides for a dayrate of $92,000, with a moving rate of
$80,500. Total will also provide a tow vessel to move the rig. All wells are
expected to take approximately 20 days to complete. It is also expected to take
approximately 20 days to move the rig from its current location offshore
Malaysia to Myanmar. Upon completion of the drilling program, Total will provide
a tow vessel and pay the moving rate to move the rig to its next drilling
location no greater distance than the release point from the EMEPMI contract.
Including moving time and assuming that the option well is drilled, the Total
drilling program could extend approximately 80 to 100 days.
A copy of the press release announcing the VICKSBURG contract is filed with
the Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 EXHIBITS
EXHIBIT NO.
EX-99.1 Press Release dated July 19, 2005
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 and repair 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, 2004, filed with the Securities and Exchange Commission.
-2-
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: July 19, 2005
-3-
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
EX - 99.1 Press Release dated July 19, 2005
-4-
EXHIBIT EX. - 99.1
ATWOOD OCEANICS ANNOUNCES VICKSBURG CONTRACT AWARD
Houston, Texas
19 July 2005
FOR IMMEDIATE RELEASE
Atwood Oceanics, Inc. (Houston based International Offshore Drilling
Contractor - NYSE ATW) announced today that the VICKSBURG, owned and operated by
its wholly owned subsidiary Atwood Oceanics Pacific Limited, has been awarded a
contract by Total Exploration and Production Myanmar ("Total") to drill two (2)
development wells plus an option to drill one (1) additional well offshore
Myanmar immediately upon completion of the rig's current contract with
ExxonMobil Exploration & Production Malaysia Inc. ("EMEPMI"). The rig's current
contract is expected to be completed during the first quarter of calendar year
2006. The contract provides for a dayrate of $92,000, with a moving rate of
$80,500. Total will also provide a tow vessel to move the rig. All wells are
expected to take approximately 20 days to complete. It is also expected to take
approximately 20 days to move the rig from its current location offshore
Malaysia to Myanmar. Upon completion of the drilling program, Total will provide
a tow vessel and pay the moving rate to move the rig to its next drilling
location no greater distance than the release point from the EMEPMI contract.
Including moving time and assuming that the option well is drilled, the Total
drilling program could extend approximately 80 to 100 days.
Statements contained in this release 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 upgrade to the Company's rigs; competition;
operating risks; risks involved in foreign operations; risks associated with
possible disruptions in operations due to terrorism; 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, 2004, filed with the Securities and Exchange Commission.
Contact: Jim Holland
(281) 749-7804
-5-