Atwood Oceanics, Inc. engages in the drilling and completion of exploratory and developmental oil and gas wells. The company owns a diversified fleet of 13 mobile offshore drilling units located in the U.S. Gulf of Mexico, the Mediterranean Sea, offshore west Africa, offshore southeast Asia, and offshore Australia. The mobile offshore drilling units and related equipment comprising its offshore rig fleet operate in a single, market for contract drilling services and are often redeployed due to changing demands of its customers, which consist largely of major integrated oil and natural gas companies and independent oil and natural gas companies. The Atwood Advantage, Atwood Achiever, Atwood Admiral and Atwood Archer are DP-3 dynamically-positioned, dual derrick, ultra-deepwater drillships rated to operate in water depths up to 12,000 feet and are under construction at the DSME shipyard in South Korea. These drillships would have enhanced technical capabilities, including 2 seven-ram BOPs, three 100-ton knuckle boom cranes, a 165-ton active heave ‘tree-running’ knuckle boom crane and 200 person accommodations. Customers During year 2013, the company performed operations for 14 customers. Its major customers include Chevron Australia Pty. Ltd.; Apache Energy Ltd.; Hess Corporation; and Noble Energy Inc. Regulation The company’s U.S. operations are subject to varous U.S. laws and regulations, including the new drilling safety rules and workplace safety rules set forth by the BOEM and the Bureau of Safety and Environmental Enforcement (BSEE), which are designed to improve drilling safety by strengthening requirements for safety equipment, well control systems, and blowout prevention practices on offshore oil and gas operations, and improve workplace safety by reducing the risk of human error. In addition, the U.S. Occupational Safety and Health Act (OSHA) and other similar laws and regulations govern the protection of the health and safety of employees Competition The company’s competitors include Diamond Offshore Drilling, Inc.; Ensco plc; Noble Corporation; Rowan Companies plc; Seadrill Limited; and Transocean Ltd. History Atwood Oceanics, Inc. was founded in 1968.
atwood oceanics inc (ATW:New York)
15011 Katy Freeway
Houston, TX 77094
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