USA: Atwood Gets Twelwe-month Contract Extension for Vicksburg Jack-up Rig

Atwood Oceanics, Inc., a Houston-based international offshore drilling contractor, announced today that one of its subsidiaries has been awarded a twelve-month contract extension with an affiliate of Coastal Energy Company for the jack-up Vicksburg, priced at the current day rate of $90,000 from January 1, 2012 to June 30, 2012, after which the day rate will be $95,000 until Dec 31, 2012.

With the extension, the Vicksburg’s firm commitment extends through December 31, 2012.

The Vicksburg is a marathon LeTourneau Cantilever jackup located in Thailand, and can operate in water depths of up to 300 feet and drill to depths of approximately 25,000 feet.

Atwood Oceanics, Inc., its international operating subsidiary, Atwood Offshore Worldwide Limited and related subsidiaries (“the Atwood Group”), are engaged in the business of international offshore drilling, as well as the completion of exploratory and developmental oil and gas wells, plus related support, management, and consulting services.

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Source: Atwood Oceanics, August 04, 2011;