Atwood Oceanics, Inc. : Atwood Oceanics Announces Contract for the Atwood Condor

  Atwood Oceanics, Inc. : Atwood Oceanics Announces Contract for the Atwood
                                    Condor

FOR IMMEDIATE RELEASE

HOUSTON, June 4, 2013  -- Atwood Oceanics, Inc.  (NYSE: ATW) announced  today 
that one of its subsidiaries has been awarded a drilling services contract  by 
Shell  Offshore   Inc.  for   the  dynamically   positioned,   ultra-deepwater 
semisubmersible rig, the Atwood Condor. The contract has a term of 39  months 
from the date the rig is assigned from Hess Corporation, which is expected  to 
occur in late August 2013. The drilling program will be performed in the U.S.
Gulf of Mexico  at a dayrate  of approximately $555,000.  This contract  will 
supersede the remainder of the existing contract with Hess Corporation. 

With the  award of  this contract,  the firm  contractual commitment  for  the 
Atwood Condor is  expected to  extend to  November 2016.  This contract  adds 
approximately $502 million in revenue backlog.

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  13  mobile  offshore  drilling  units  and   is 
constructing three ultra-deepwater drillships. 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."

                                                          Contact: Mark L. Mey
                                                                (281) 749-7902

Forward Looking Statements



Statements contained  in  this  press  release with  respect  to  the  future, 
including   expected    commencement   and    contractual   commitment,    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.

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Source: Atwood Oceanics, Inc. via Thomson Reuters ONE
HUG#1707171
 
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