Atwood Oceanics

Atwood Oceanics, Inc. was an offshore drilling contractor headquartered in Houston, Texas. In October 2017, the company was acquired by Ensco plc.[1]

Atwood Oceanics, Inc.
IndustryPetroleum industry
FateAcquired by Ensco plc
Founded1968 (1968)
DefunctOctober 6, 2017 (2017-10-06)
HeadquartersHouston, Texas
ProductsOffshore drilling
Revenue $1.395 billion (FY 2015)
$531 million (FY 2015)
$432 million (FY 2015)
Total assets $4.809 billion (FY 2015)
Total equity $2.947 billion (FY 2015)
Number of employees
1,868 (2015)

The company owned and operated 4 ultra-deepwater drillships, 2 ultra-deepwater semisubmersibles (can drill in water up to 12,000' deep), 2 deepwater semisubmersibles, and 5 high-specification jackup rigs.[2]

In fiscal 2015, 5 customers accounted for a total of 63% of revenues: Noble Energy, Royal Dutch Shell, Woodside Petroleum, Chevron Corporation, and Kosmos Energy.[2]

In fiscal 2015, the company derived 76% of its revenue from its 6 deepwater drillships and semisubmersibles.[2]

In fiscal 2015, 71% of the company's revenues were derived outside of the United States. The company derived more of its revenues in Australia than in any other country. [2]

History

The company was founded in 1968 by John Atwood.[3]

The company began operation by 1970. In 1972, the company became a public company.[2]

In October 2017, the company was acquired by Ensco plc[1] (now known as Valaris plc).

See Also

References
  1. "Ensco plc Completes Acquisition of Atwood Oceanics" (Press release). Business Wire. October 6, 2017.
  2. "Atwood Oceanics, Inc. Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  3. "John Atwood, Founder Of Atwood Oceanics, Dies At Age 85". Oil & Gas Investor. July 18, 2008.
    • Historical business data for Atwood Oceanics:
    • SEC filings
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