Atwood Achiever heads to Morocco

June 10, 2013

Atwood Oceanics Inc. was awarded a drilling services contract for the  ultra-deepwater drillship Atwood Achiever by  a subsidiary of Kosmos Energy Ltd.for an exploration  program commencing in Morocco. 

The contract specifies a base operating rate of about US $595,000 per day, for a firm duration of three years, exclusive of the mobilization period from  DSME to  the first drilling location.The Atwood Achiever  is a 12,000ft water depth capable, dynamically positioned drillship currently  under  construction  at  Daewoo  Shipbuilding  and Marine Engineering (DSME) shipyard in South Korea.  

The Atwood Achiever is scheduled to be delivered from the DSME shipyard in June 2014, after which it will mobilize for a period of approximately 65 daysto Morocco. This contract adds  $652 million in revenue backlog, bringing Atwood's total revenue  backlog to approximately $3.9 billion.

Atwood Oceanics is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The company owns 13 mobile offshore drilling units and is constructing three ultra-deepwater drillships. The company was founded  in 1968 and is headquartered  in Houston, Texas.  



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