Atwood Oceanics, Inc. announced that one of its subsidiaries has been awarded a two-year contract extension by CEC International, Ltd. for the jackup 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.