Atwood are close to finalizing the sale of Korkut New Era design semi Atwood Eagle, built in 1982. The former Diamond M Eagle was removed from Atwood’s active fleet in May and put up for sale as scrap. The rig, which had long worked in the region, mostly in Australia, last worked in Match 2016 and has been stacked in Singapore’s KeppelFELS yard since then.
Woodside Energy has outlined plans for further exploration wells off the coast of Australia in 2018. The operator is currently using UDW semi Atwood Osprey for its 2017 drilling campaign in the region and will use the rig to drill one further exploration well this year, namely Swell-1 in WA-483-P. The rig will be let go around October, but will then return to work with the operator in March 2018. The rig is firmly scheduled to drill the Ferrand-1 exploration well in permit area WA-404-P in early 2018 and could drill another well around the same area depending on the [...]
Atwood Oceanics reports it had a net loss of $4.3 million on revenues of $117.2 million for the second three months of 2017. That compared to a net income of $99.5 million on revenues of $227.8 million for the same period in 2016. During the quarter, Atwood signed an Agreement and Plan of Merger with ENSCO, with the deal expected to close in 3Q/2017.
Atwood semi Atwood Osprey has completed its charter with ConocoPhillips in the Bar-ossa field offshore Australia and has now begun a one well charter with Woodside which will keep the rig busy until September. The rig then has a gap before commencing its next charter, also with Woodside, in March 2018.
Atwood UDW semi Atwood Condor has completed its mobilization from the US Gulf and has entered KeppelFELS shipyard in Singapore for modifications and contract preparation prior to its next charter with Woodside in the Greater Enfield project offshore Australia, scheduled to start in early 2018. The rig is to add a second BOP stack and will be modified to incorporate a mooring system alongside its DP capability. The rig is contracted through to July 2019.
Both Atwood UDW semi Atwood Condor and Transocean UDW drillship Discoverer Luan-da continue to head towards the region and are currently in the Indian Ocean. Discover-er Luanda has mobilized from Angola and is due to arrive in Labuan, where it will be stacked on contract, on 15th July. BP has the rig contracted until February 2018. Meanwhile Atwood Condor has now passed Mauritius and is heading to Singapore where it will undergo contract preparation before moving onto Australia towards the end of the year for its 12 well charter with Woodside set to begin in January 2018.
Atwood deepwater semi Atwood Osprey has completed its charter with ConocoPhillips in the Barossa field offshore Western Australia with a successful apprais-al well and has now mobilized to permit WA-483-P in the North Carnarvon Basin also off Western Australia for its one well charter with Woodside which will keep the rig busy until around No-vember. The rig’s next charter, also with Woodside does not start until March 2018.
Atwood UDW semi Atwood Condor is still en route, currently rounding South Africa, and is being wet towed to the region from the Gulf of Mexico. It is due to arrive in Singapore in July. The rig is expected to enter KeppelFELS yard where it will undergo preparatory work prior to mobilizing to Australia in December to begin its charter with Woodside schedule for a January start.
Atwood Oceanics, a popular takeover candidate for over 20 years has at last succumbed and has been taken out by Ensco in an all stock transaction. Atwood shareholders will receive 1.60 Ensco shares for each Atwood share for a total value of $10.72 per Atwood share based on Ensco’s 26 May closing price of $6.70—around $860m. The merged company will have a combined con-tract backlog of $3.7bn. Atwood’s fleet of four UDW drillships, two UDW/DW semis and five premium jackups will boost Ensco’s fleet strength to make it the world’s largest jackup fleet with thirty-seven (37) modern units plus twenty-one [...]