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Article: ATWOOD OCEANICS Announces Drilling Program for ATWOOD BEACON.
- Article from:
- Journal of India
- Article date:
- October 13, 2009
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ATWOOD OCEANICS, INC., (NYSE: ATW) a Houston-based International Drilling Contractor, announced that the ATWOOD BEACON (owned and operated by our wholly-owned subsidiary, Atwood Oceanics Pacific Limited) has been awarded a contract by Hess Equatorial Guinea, Inc. to drill offshore Equatorial Guinea under a firm program of six (6) wells (estimated to take 240 days to complete) with options to extend the program to drill up to six additional wells. If all options are exercised, the drilling program could be extended for another 240 days.
The contract provides for an operating dayrate for all firm and option wells of $110,000 plus a mobilization fee of $950,000. In ...