Atwood wins Australia rig extension

Chevron Australia has awarded Atwood Australian Waters Drilling an extension to an existing contract for the Atwood Eagle, with a new dayrate of around $390,000.

Offshore staff

HOUSTON -- Chevron Australia has awarded Atwood Australian Waters Drilling an extension to an existing contract for theAtwood Eagle, with a new dayrate of around $390,000.

The rig’s current contract commitment now will extend six months beyond the delivery of the Atwood Osprey to Chevron Australia, likely during the first quarter of 2011.

In a separate development, parent company Atwood Oceanics says theAtwood Condor, its newly named ultra-deepwater semisubmersible drilling rig, remains on track for delivery from Jurong Shipyard in Singapore by mid-2012.

TheAtwood Condor is an ExD Millennium class, dynamically positioned semi rated for operations in 10,000 ft (3,048 m) of water depth, and with advanced drilling and completion capabilities. Features include a six-ram BOP (including three shear rams, high-pressure shearing capacity and enhanced subsea energy for activating subsea functions); high-torque top drive providing one million pound rotating hook load; low-emission engines; subsea tree-running equipment; and accommodation for 200 personnel.

This will be the 11th rig in the company’s worldwide fleet.

09/15/2010

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