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Atwood Oceanics Inc's Subsidiary Announces Contract For Atwood Achiever

Monday, 10 Jun 2013 09:03am EDT 

Atwood Oceanics, Inc. announced that one of its subsidiaries has been awarded a drilling services contract for the ultra-deepwater drillship Atwood Achiever by a subsidiary of Kosmos Energy Ltd. for an exploration program commencing in Morocco. The Atwood Achiever is a 12,000 foot water depth capable, dynamically positioned drillship currently under construction at Daewoo Shipbuilding and Marine Engineering shipyard in South Korea. The agreement specifies a base operating rate of approximately $595,000 per day which will be grossed up for all applicable taxes, and a firm duration of three years, exclusive of the mobilization period from DSME to the first drilling location. The Atwood Achiever is scheduled to be delivered from the DSME shipyard in June 2014, after which it will mobilize for a period of approximately sixty-five days to its first location in Morocco. 

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