Atwood Oceanics Announces Contract for the Atwood Mako
Atwood Oceanics (NYSE: ATW) announced today that one of its subsidiaries has been awarded a contract by Salamander Energy (Bualuang) Limited, for the newbuild jackup Atwood Mako. The day rate for work offshore Thailand will be $145,000 and the award is for a firm duration of 12 months.
The Atwood Mako is currently under construction with PPL Shipyard PTE LTD in Singapore and will have a rated water depth of 400 feet, accommodations for 150 personnel and significant offline handling features. Contract commencement is expected in direct continuation of shipyard delivery, currently anticipated to be September 2012.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.