WASHINGTON (dpa-AFX) - Atwood Oceanics, Inc. (ATW) Thursday announced a contract to deliver Atwood Advantage, a 12,000 foot water depth capable, dynamically positioned drillship, for a worldwide program commencing in the Eastern Mediterranean. The contract has been given by a subsidiary of Noble Energy Inc.(NBL)
The agreement specifies an operating rate of approximately $584,000 per day and a firm duration of three years, exclusive of the mobilization period from DSME to the first drilling location.
The Atwood Advantage will be delivered from the DSME shipyard in September 2013, after which it will mobilize for a period of approximately eighty days to its first location in the Eastern Mediterranean.
This contract adds $639 million in revenue backlog, bringing Atwood's total revenue backlog to approximately $2.9 billion as of October 1.
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