USA: Atwood Secures Contract Extension for Vicksburg Jack-up

ATWOOD OCEANICS, INC., a Houston-based international offshore drilling contractor , announced today that one of its subsidiaries has been awarded a six-month contract extension with a six-month option, both priced at the current dayrate of $90,000, with an affiliate of Nucoastal (Thailand) Limited for the company’s jack-up Vicksburg.

The option must be exercised by August 31, 2011. With the extension, the Vicksburg’s firm commitment extends through December 31, 2011.

Atwood Oceanics, Inc.  is an offshore oil and gas drilling company. It participates in drilling in exploratory regions around the world. Atwood Oceanics Pacific Limited (A.O.P.L.) and related subsidiaries of Atwood Oceanics, Inc. make up what is referred to as the Atwood Group.

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Source:Atwd, April 27,2011;