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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: December 12, 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
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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))
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ITEM 8.01 OTHER EVENTS
On December 12, 2005, the Company announced that the ATWOOD EAGLE, owned by
its wholly owned subsidiary Atwood Oceanics Pacific Limited ("AOPL") and
operated by an Australian subsidiary of AOPL, has been awarded a one (1) well
contract by ENI Australia BV ("ENI") and a one (1) year extension on its current
contract with Woodside Energy Ltd. ("Woodside") for their Australian operations.
The one (1) well contract for ENI (estimated to take 40 days to complete) will
commence immediately upon the rig completing all of its contract commitments
(estimated June/July 2007) and provides for a dayrate of $360,000. The one (1)
year contract extension for Woodside will commence immediately upon completion
of the ENI contract and provides for a dayrate of $420,000. Prior to April 1,
2006, Woodside can elect (with Atwood's consent) to change the one (1) year
extension to a two (2) year extension at a dayrate of $405,000 or to a three (3)
year extension at a dayrate of $390,000.
Upon completion of its current well for Woodside, the ATWOOD EAGLE has
current commitments to drill three (3) additional wells for Woodside and nine
(9) firm wells plus five (5) option wells for BHP Billiton Petroleum. These
commitments must be completed prior to commencing the one (1) well contract for
ENI and the one (1) year extension for Woodside.
A copy of the press release announcing the ATWOOD EAGLE contract extension
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 December 12, 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.
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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: December 12, 2005
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
EX - 99.1 Press Release dated December 12, 2005
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EXHIBIT EX. - 99.1
Houston, Texas
12 December 2005
FOR IMMEDIATE RELEASE
Atwood Oceanics, Inc. (Houston based International Offshore Drilling
Contractor - NYSE ATW) announced today that the ATWOOD EAGLE, owned by its
wholly owned subsidiary Atwood Oceanics Pacific Limited ("AOPL") and operated by
an Australian subsidiary of AOPL, has been awarded a one (1) well contract by
ENI Australia BV ("ENI") and a one (1) year extension on its current contract
with Woodside Energy Ltd. ("Woodside") for their Australian operations. The one
(1) well contract for ENI (estimated to take 40 days to complete) will commence
immediately upon the rig completing all of its contract commitments (estimated
June/July 2007) and provides for a dayrate of $360,000. The one (1) year
contract extension for Woodside will commence immediately upon completion of the
ENI contract and provides for a dayrate of $420,000. Prior to April 1, 2006,
Woodside can elect (with Atwood's consent) to change the one (1) year extension
to a two (2) year extension at a dayrate of $405,000 or to a three (3) year
extension at a dayrate of $390,000.
Upon completion of its current well for Woodside, the ATWOOD EAGLE has
current commitments to drill three (3) additional wells for Woodside and nine
(9) firm wells plus five (5) option wells for BHP Billiton Petroleum. These
commitments must be completed prior to commencing the one (1) well contract for
ENI and the one (1) year extension for Woodside.
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
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