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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