Atwood Oceanics Announces Contract For The Atwood Orca

            Atwood Oceanics Announces Contract For The Atwood Orca

PR Newswire

HOUSTON, Jan. 22, 2013

HOUSTON, Jan. 22, 2013 /PRNewswire/ --Atwood Oceanics, Inc. (NYSE: ATW)
announced today that one of its subsidiaries has been awarded a drilling
services contract for the Atwood Orca by Mubadala Petroleum. The Atwood Orca,
currently under construction at PPL Shipyard PTE LTD ("PPL") 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.

Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the
drilling and completion of exploratory and developmental oil and gas wells.
The company currently owns 12 mobile offshore drilling units and is
constructing three ultra-deepwater drillships and one high-specification
jackup. The company was founded in 1968 and is headquartered in Houston,
Texas. Atwood Oceanics, Inc. common stock is traded on the New York Stock
Exchange under the symbol "ATW."

Forward Looking Statements
Statements contained in this press release with respect to the future,
including the scheduled delivery, are forward-looking statements. These
statements reflect management's reasonable judgment with respect to future
events. Forward-looking statements are subject to numerous risks,
uncertainties and assumptions and actual results could differ materially from
those anticipated as a result of various factors including: uncertainties
related to the level of activity in offshore oil and gas exploration and
development; oil and gas prices; competition and market conditions in the
contract drilling industry; the risks inherent in the construction of a rig;
delays in the commencement of operations of a rig following delivery; our
ability to enter into and the terms of future contracts; possible cancelation
or suspension of drilling contracts; the availability of qualified personnel;
labor relations; operating hazards and risks; terrorism and political and
other uncertainties inherent in foreign operations (including risk of war,
civil disturbances, seizure or damage to equipment and exchange and currency
fluctuations); the impact of governmental and industry laws and regulations;
and environmental matters. These factors and others are described and
discussed in our most recently filed annual report on Form 10-K, in our Forms
10-Q for subsequent periods and in our other filings with the Securities and
Exchange Commission which are available on the SEC's website at www.sec.gov.
Each forward looking statement speaks only as of the date of the particular
statement and we undertake no duty to update the content of this press release
or any forward-looking statement contained herein to conform the statement to
actual results or to reflect changes in our expectations.

SOURCE Atwood Oceanics, Inc.

Website: http://www.atwd.com
Contact: Mark L. Mey, +1-281-749-7902
 
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