Chevron awards contract to Atwood Oceanics' Vicksburg

March 22, 2006
Atwood Oceanics Pacific Ltd.'s Vicksburg has been awarded a two-year contract by Chevron Overseas Petroleum (Thailand) Ltd.

Offshore staff

(Asia-Pacific) - Atwood Oceanics Pacific Ltd.'sVicksburg has been awarded a two-year contract by Chevron Overseas Petroleum (Thailand) Ltd., which will immediately follow Chevron's current eight-month drilling commitment offshore Cambodia.

TheVicksburg is currently working in Malaysia under drilling commitments with day rates of $82,000 to $87,000, which should extend to October 2006.

After completion of these commitments, the rig will be moved to Cambodia to begin the eight-month drilling commitment with Chevron followed by the two-year contract in Thailand.

The operating day rate for the first eight months with Chevron offshore Cambodia will be $94,500 and a dayrate of $154,000 will apply for the two-year contract offshore Thailand.

03/21/06