RWE withdraws force majeure on rig offshore Egypt

Source: Atwood Oceanics

Atwood Oceanics Inc. (NYSE: ATW), a Houston-based international drilling contractor, is pleased to announce that on February 21, 2011, its customer, RWE Dea formally withdrew its notice of a force majeure event, previously given on January 29, 2011 to Alpha Offshore Services Company, a wholly-owned subsidiary of Atwood Oceanics, Inc.

The force majeure event intermittently affected the operations of the Atwood Aurora which is presently performing normal operations offshore Egypt in the Mediterranean Sea. 

RWE and Alpha have agreed to a partial reduction of the operating day rate to apply during the period from January 28, 2011 to February 8, 2011 to account for the reduced manning levels on board the Atwood Aurora during that time period.



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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs