Atwood Orca Snags Contract

Atwood Oceanics announced Thursday that one of its subsidiaries has been awarded a drilling services contract for the jackup Atwood Orca (400' ILC) by Mubadala Petroleum.

The Atwood Orca, currently under construction at PPL Shipyard PTE LTD in Singapore, will have a rated water depth of 400 feet, 1.5 million pound hook load capacity, accommodation for 150 personnel and significant offline handling capabilities. The agreement is for a firm duration of two years.

The Atwood Orca is expected to be delivered from the PPL shipyard in early May 2013, ahead of its scheduled June delivery after which it will mobilize for a period of approximately ten days to its first location offshore Thailand. This contract adds $ 116 million in revenue backlog, bringing Atwood's total revenue backlog to approximately $ 2.6 billion as of January 22, 2013.

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