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Atwood Oceanics Inc's Subsidiary Enters Into Definitive Agreement For Sale Of Its Standard Jackup Drilling Unit To Gulf Drilling International Ltd QSC-Form 8-K

Tuesday, 8 Oct 2013 09:34am EDT 

Atwood Oceanics Inc reported in its Form 8-K that on October 3, 2013, Alpha Vicksburg Pty Ltd, a wholly-owned subsidiary of Atwood Oceanics, Inc. (the Company), entered into a definitive agreement (the Contract) for the sale of its standard jackup drilling unit, the Vicksburg, to Gulf Drilling International Ltd (Q.S.C.) for a sales price of $55.4 million. The closing of the sale is expected to occur in early 2014 following the completion of the unit’s contract with its current customer, CEC International, Ltd. The transaction is subject to customary closing conditions. 

Company Quote

18 Dec 2014