Atwood Oceanics sadi that one of its subsidiaries has been
awarded a drilling services contract by Shemen Oil and Gas Resources Ltd., an
Israel-based oil and gas company, for the Atwood Beacon. The day rate for work
offshore Israel
will be $151,000, with contract commencement expected in September 2012 in
direct continuation of the current contract. The costs for the mobilization
will be covered by provisions in the current rig sharing group contract. The
award has a firm duration of 180 days. With the award of this contract, the
firm contractual commitments for the Atwood Beacon are expected to extend
through February 2013.