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Atwood Oceanics Announces Contract Extension FOR THE ATWOOD ORCA FOR IMMEDIATE RELEASE

The following excerpt is from the company's SEC filing.

HOUSTON, October 28, 2015-- Atwood Oceanics, Inc. (NYSE: ATW) announced today that one of its subsidiaries had agreed to a nine-month extension and rate adjustment to its existing contract with Mubadala Petroleum (SE Asia) Limited

(“Mubadala Petroleum”)

for the ultra-premium jackup, the

Atwood Orca,


commenced its drilling services contract with Mubadala Petroleum for operations offshore Thailand on April 29, 2013. The extension continues the drilling services until the new contract end date of October 28, 2016. Additionally, the agreement adjusts the operating day rate to approximately $85,000 from November 1, 2015 until the new contract end date.

Atwood Oceanics, Inc. is a leading offshore drilling contractor engaged in the drilling and completion of exploratory and developmental wells for the global oil and gas industry. The Company currently owns 11 mobile offshore drilling units and is constructing two ultra-deepwater drillships. The Company was founded in 1968 and is headquartered in Houston, Texas. Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange...