EXHIBIT 99.1
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
CONTRACT STATUS SUMMARY
AT DECEMBER 20, 2000
<TABLE>
NAME OF RIG LOCATION CONTRACT STATUS
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<S> <C> <C>
SEMISUBMERSIBLES -
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ATWOOD FALCON Philippines The rig's current contract es terminates
in November 2001. The rig is currently being
moved from Malaysia to the Philippines to
recommence drilling for Shell Philippines.
ATWOOD HUNTER United Following completion of its
States current contractual
Gulf of commitments and possible short-
Mexico term follow-up work (estimated
January to March 2001), an additional upgrade
is planned for the rig costing between $40 to
$45 million, and taking four to five months to
complete.
ATWOOD EAGLE Mediterranean The rig is contractually
Sea committed into the second half
of fiscal 2001. An approximate $80 million
upgrade of the rig is planned immediately upon
the rig completing its current contractual
commitments (estimated June to August 2001),
and taking five to six months to complete.
SEAHAWK Malaysia The rig's current contract terminates
in November 2003, with an option for the
Operator to extend.
ATWOOD Mediterranean The rig is contractually
SOUTHERN CROSS Sea committed in Israel, Egypt and Turkey
into August 2001, and depending upon
options exercised, could have work
extending into fiscal 2002.
SEASCOUT United The SEASCOUT (ex-OCEAN SCOUT)
States was purchased in December 2000
Gulf of for future conversion to a
Mexico tender-assist unit similar to
the SEAHAWK. The rig will not
be converted until an
acceptable contract
opportunity is secured.
CANTILEVER JACKUP -
-------------------
VICKSBURG India The rig's current contract
expires at the completion of
the well in progress at the
end of December 2000
(estimated for early February
2001). The rig is being
marketed in India, Southeast
Asia and West Africa at an
increased dayrate.
SUBMERSIBLE -
-------------
RICHMOND United The rig is contractually
States committed in the United States
Gulf of Gulf of Mexico into the second
Mexico quarter of fiscal 2001.
MODULAR PLATFORMS -
-------------------
RIG-19 Australia The rig is available for contract
since it became idle in September 1999.
RIG-200 Australia The rig is available for contract
since it became idle in June 1999.
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