Houston-based Atwood Oceanics, announced that one of its subsidiaries had agreed to a nine-month extension and rate adjustment to its existing contract with Southeast Asia's Mubadala Petroleum for the ultra premium jackup, the Atwood Orca, effective 1 November, 2015.
The Atwood Orca commenced its drilling services contract with Mubadala Petroleum for operations offshore Thailand on 29 April 2013. The extension continues the drilling services until the new contract end date of 28 October 2016. Additionally, the agreement adjusts the operating day rate to approximately US$85,000 from 1 November 2015 until the new contract end date.
Atwood Oceanics currently owns 11 mobile offshore drilling units and is constructing two ultra deepwater drillships.