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.

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