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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST EVENT REPORTED: January 14, 2005
ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER 1-13167
Internal Revenue Service - Employer Identification No. 74-1611874
15835 Park Ten Place Drive, Houston, Texas, 77084
(281) 749-7800
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01 OTHER EVENTS
On January 14, 2005, the Company announced that the SEAHAWK has been
awarded a contract by Amerada Hess Equatorial Guinea, Inc., ("Hess") to work off
the coast of Equatorial Guinea for a firm period of 730 days with four options
of 180 days each. The drilling operation is expected to commence between June 1,
2006 and August 31, 2006. The contract provides for a base operating dayrate of
$68,430, with a mobilization fee and other advance payments of approximately
$5.5 million.
The SEAHAWK is currently working for Sarawak Shell Berhad ("Shell") off the
coast of Malaysia on a drilling program that is expected to extend to
February/March 2005. Additional work, covering the period between the completion
of the Shell contract and mobilization preparation for the Hess contract is
being pursued in Southeast Asia as well as other areas of the world.
A copy of the press release announcing the contract awarded to the SEAHAWK
is filed with the Form 8-K as Exhibit 99.1 and is incorporated herein by
reference.
ITEM 9.01 EXHIBITS
EXHIBIT NO.
EX-99.1 Press Release dated January 14, 2005
Statements contained in this report with respect to the future are
forward-looking statements. These statements reflect management's reasonable
judgment with respect to future events. Forward-looking statements involve risks
and uncertainties. Actual results could differ materially from those anticipated
as a result of various factors: the Company's dependence on the oil and gas
industry; the risks involved in the construction and repair of a rig;
competition; operating risks; risks involved in foreign operations; risks
associated with possible disruption in operations due to terrorism; risks
associated with a possible disruption in operations due to war; and governmental
regulations and environmental matters. A list of additional risk factors can be
found in the Company's annual report on Form 10-K for the year ended September
30, 2004, filed with the Securities and Exchange Commission.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ATWOOD OCEANICS, INC.
(Registrant)
/s/ James M. Holland
James M. Holland
Senior Vice President
DATE: January 14, 2005
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
EX - 99.1 Press Release dated January 14, 2005
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EXHIBIT EX. - 99.1
ATWOOD ANNOUNCES CONTRACT AWARDED TO THE SEAHAWK
Houston, Texas
14 January 2005
FOR IMMEDIATE RELEASE
Atwood Oceanics, Inc. (Houston-based International Offshore Drilling
Contractor - NYSE: ATW) announced today that the SEAHAWK has been awarded a
contract by Amerada Hess Equatorial Guinea, Inc., ("Hess") to work off the coast
of Equatorial Guinea for a firm period of 730 days with four options of 180 days
each. The drilling operation is expected to commence between June 1, 2006 and
August 31, 2006. The contract provides for a base operating dayrate of $68,430,
with a mobilization fee and other advance payments of approximately $5.5
million.
The SEAHAWK is currently working for Sarawak Shell Berhad ("Shell") off the
coast of Malaysia on a drilling program that is expected to extend to
February/March 2005. Additional work, covering the period between the completion
of the Shell contract and mobilization preparation for the Hess contract is
being pursued in Southeast Asia as well as other areas of the world.
Statements contained in this release with respect to the future are
forward-looking statements. These statements reflect management's reasonable
judgment with respect to future events. Forward-looking statements involve risks
and uncertainties. Actual results could differ materially from those anticipated
as a result of various factors; the Company's dependence on the oil and gas
industry; the risks involved in upgrade to the Company's rigs; competition;
operating risks; risks involved in foreign operations; risks associated with
possible disruptions in operations due to terrorism; and governmental
regulations and environmental matters. A list of additional risk factors can be
found in the Company's Annual Report on Form 10-K for the year ended September
30, 2004, filed with the Securities and Exchange Commission.
Contact: Jim Holland
(281) 749-7804
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