Atwood receives commitment

Atwood Oceanics Inc. has received a one-well commitment from an operator in Southeast Asia for the Atwood Falcon to drill a well in the South China Sea.

Offshore staff

HOUSTON -- Atwood Oceanics Inc. has received a one-well commitment from an operator in Southeast Asia for the Atwood Falcon to drill a well in the South China Sea. Drilling is to commence in mid-July 2008 at a cost of $425,000 per day, for approximately 40 days.

The rig then will return to its current contracted day rate of $160,000. TheAtwood Falcon is currently under contract with Sarawak Shell Berhad/Sabah Shell Petroleum Co. Ltd in the South China Sea.

07/14/2008

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