Atwood Oceanics announces contract for the Atwood Aurora

Source: Atwood Oceanics, Inc.

Atwood Oceanics, Inc., announced today that one of its subsidiaries has been awarded a drilling services contract by a subsidiary of Bowleven Plc. for the Atwood Aurora. The day rate for work offshore Cameroon will be approximately $134,000, with contract commencement expected in May 2012 in direct continuation of the current contract. The award has an estimated firm duration of 120 days plus a one well option at the contract day rate if exercised by December 31, 2011, or at $139,000 if exercised by March 31, 2012. With the award of this contract, the firm contractual commitments for the Atwood Aurora are expected to extend through October 2012.

For the most up to date and in-depth information on the offshore market visit PennEnergy's comprehensive Research area to access industry focused Reports.



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

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...

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 ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs