Atwood Oceanics (ATW) Announces One-Well Commitment for ATWOOD FALCON
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Atwood Oceanics (NYSE: ATW) announced that the ATWOOD FALCON has received a one-well commitment from an operator in Southeast Asia for the drilling of a well in the South China Sea. The drilling of this one well will commence in mid July 2008 at a dayrate of $425,000, with an approximate duration of 40 days; after which the rig will return to its current contracted dayrate of $160,000. The rig is currently under contract with Sarawak Shell Berhad/Sabah Shell Petroleum Co. Ltd in the South China Sea.
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