HOUSTON – Atwood Oceanics Inc. (NYSE:ATW) has executed an option with Daewoo Shipbuilding and Marine Engineering Co. Ltd. for construction of a third ultra-deepwater drillship.
The Atwood Admiral is expected for delivery by March 31, 2015. It is the same design as the previously ordered Atwood Advantage and Atwood Achiever. All are DP-3, dual derrick vessels rated to water depths to 12,000 ft. (3,658 m) and drill to 40,000 ft. (12,192 m).
Each will offer two seven-ram BOPS, three 100-ton knuckle boom cranes, one 165-ton active heave “tree running” knuckle boom crane, and accommodations for 200.
Atwood also has secured an option for construction of a fourth similar drillship for delivery in December 2015. The option must be exercised by June 30, 2013.