Contract Extension for ‘Atwood Manta’ Jack-Up Rig in Thailand

Atwood Oceanics, Inc., a Houston-based offshore drilling contractor, has been awarded a two year contract extension by Coastal Energy Company, Ltd. for the jack-up rig Atwood Manta.

The extension is priced at a day rate of $159,500 in Thailand and begins December 2, 2013. The operating rate for additional geographic locations will be adjusted to account for differences in taxes and operating costs. With the extension, the Atwood Manta’s firm commitment extends through December 2, 2015.

[mappress]
 August 30, 2013