Atwood Oceanics wins contract for Atwood Hunter

Offshore staff

HOUSTONCNOOC Africa Ltd has awarded an Atwood Oceanics Inc. (NYSE: ATW) subsidiary a drilling services contract by for the semisubmersible rig Atwood Hunter. The contract will be performed offshore Equatorial Guinea, specifies a day rate of $337,000 for a minimum term of 90 days, and includes an option for one additional well. 

To the extent the term exceeds 90 days, the day rate for days 91 to 180 will be $330,000. Any term in excess of 181 days will have a day rate of $325,000. The Atwood Hunter is expected to begin the contract in mid-August.

In connection with  this contract, an Atwood subsidiary and Guinea Ecuatorial de Petroleos (GEPetrol) agreed to terminate a previously announced contract for the Atwood Hunter, provided certain conditions are met.

06/20/2014

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...