Atwood Oceanics Awards $502 mln Contract by Shell

Source: www.gulfoilandgas.com 6/4/2013, Location: North America

Atwood Oceanics, Inc. announced that one of its subsidiaries has been awarded a drilling services contract by Shell Offshore Inc. for the dynamically positioned, ultra-deepwater semisubmersible rig, the Atwood Condor. The contract has a term of 39 months from the date the rig is assigned from Hess Corporation, which is expected to occur in late August 2013. The drilling program will be performed in the U.S. Gulf of Mexico at a dayrate of approximately $555,000. This contract will supersede the remainder of the existing contract with Hess Corporation.

With the award of this contract, the firm contractual commitment for the Atwood Condor is expected to extend to November 2016. This contract adds approximately $502 million in revenue backlog.


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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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