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Atwood Oceanics wins extension for jack-up in Thailand

Published 09/20/2017, 03:57 PM
© Reuters.  Atwood Oceanics wins extension for jack-up in Thailand
ATW
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  • Atwood Oceanics (ATW +6.4%) jumps after agreeing to a four-month extension on the Atwood Orca jackup rig with Mubadala Petroleum for drilling operations offshore Thailand.
  • ATW said the new contract, at an undisclosed dayrate but higher than the current rate, would keep the rig busy until at least next August; if two available options are exercised, the drilling program would extend until April 2019.
  • ATW, soon to be acquired by rival Ensco, owns nine mobile offshore drilling units and is constructing two ultra-deepwater drillships.
  • Now read: Ensco: What Needs To Happen For A Short Squeeze


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