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EXHIBIT 99.1
ATWOOD OCEANICS, INC. AND SUBSIDIARIES
CONTRACT STATUS SUMMARY
AT JANUARY 4, 2001
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NAME OF RIG LOCATION CUSTOMER CONTRACT STATUS
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SEMISUBMERSIBLES -
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ATWOOD FALCON PHILIPPINES SHELL PHILIPPINES The rig's current contract terminates in November 2001.
EXPLORATION B.V. The rig recommenced drilling for Shell Philippines after
completing a short drilling program in Malaysia.
ATWOOD HUNTER UNITED BRITISH-BORNEO Following completion of its current contractual commitments
STATES GULF PETROLEUM (estimated January 2001), the rig will drill one-well for
OF MEXICO INC./AGIP DOMINION EXPLORATION & PRODUCTION INC. Upon completing
this well (estimated March 2001), the rig will be moved to
a shipyard in the United States to commence an additional
upgrade estimated to cost between $40 to $45 million, and
taking approximately four to five months to complete.
ATWOOD EAGLE MEDITERRANEAN SEA SAMEDAN, The rig is contractually committed into the second half of
MEDITERRANEAN fiscal 2001. An approximate $80 million upgrade of the rig
SEA, INC. is planned immediately upon the rig completing its current
contractual commitments (estimated June to October 2001),
and taking five to six months to complete.
SEAHAWK MALAYSIA ESSO The rig's current contract terminates in November 2003,
PRODUCTION with an option for the Operator to extend.
MALAYSIA INC.
ATWOOD SOUTHERN CROSS MEDITERRANEAN SEA GERMAN OIL & GAS EGYPT The rig is contractually committed in Egypt and Turkey
into August 2001, and depending upon options exercised,
could have work extending into fiscal 2002.
SEASCOUT UNITED STATES NONE The SEASCOUT (ex-OCEAN SCOUT) was purchased in December
GULF OF MEXICO 2000 for future conversion to a tender-assist unit, similar
to the SEAHAWK, once an acceptable contract opportunity is
secured.
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CANTILEVER JACK-UP -
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VICKSBURG INDIA ENRON OIL & GAS LTD. 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.
SUBMERSIBLE -
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RICHMOND UNITED STATES APPLIED DRILLING The rig is contractually committed to drill one-well with
GULF OF MEXICO TECHNOLOGY INC. Applied Drilling Technology Inc. and three-wells with
Texaco Exploration and Production Inc., which should keep
the rig employed through May 2001.
MODULAR PLATFORMS -
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RIG-19 AUSTRALIA None The rig is available for contract since it became idle in
September 1999.
RIG-200 AUSTRALIA None The rig is available for contract since it became idle in
June 1999.
MANAGEMENT/LABOR CONTRACTS
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GOODWYN 'A'/NORTH RANKIN 'A AUSTRALIA WOODSIDE ENERGY LTD. Term contract for management of drilling program.
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