Atwood Osprey stable after Cyclone Olwyn

Atwood Oceanics Inc. (NYSE: ATW) announced that its semisubmersible drilling unit, the Atwood Osprey, parted several mooring lines and drifted about 3 nautical miles from its original position during Cyclone Olwyn, which impacted the northwest coast of Australia last week.

Offshore staff

HOUSTON – Atwood Oceanics Inc. (NYSE: ATW) announced that its semisubmersible drilling unit, the Atwood Osprey, parted several mooring lines and drifted about 3 nautical miles from its original position during Cyclone Olwyn, which impacted the northwest coast of Australia last week. 

The rig is currently stable with a support vessel in position. Preliminary results indicate minimal damage with an estimated maximum of 30 days out of service time for repairs. No rig personnel were injured in the event.

TheAtwood Osprey is contracted to Chevron Australia Pty. Ltd. and was on location at the Iago 1B well. The well had been shut down and secured in accordance with Chevron’s cyclone demobilization procedures. The rig had ballasted down and evacuated all its rig personnel in advance of the cyclone.

Atwood Oceanics is coordinating its efforts with Chevron, the Australian offshore regulator (NOPSEMA), and other affected parties.

03/17/2015

More in Drilling & Completion