OREANDA-NEWS. Atwood Oceanics, Inc. (NYSE: ATW) announced today that its Australia subsidiary's drilling services contract with Woodside Energy Ltd ("Woodside") for the semisubmersible Atwood Eagle has been suspended by mutual agreement effective March 19, 2016 and the remaining term of 165 days has been transferred to the semisubmersible Atwood Osprey for Woodside's utilization upon completion of the Atwood Osprey's current drilling program.  The material contractual terms and conditions, including dayrate, of the Woodside drilling services contract remain unchanged after this assignment to the Atwood Osprey. 

The Atwood Eagle will temporarily remain in Australia until plans are finalized for its mobilization to Singapore, where the rig will be available for hire.  

Atwood Oceanics, Inc. is a leading offshore drilling contractor engaged in the drilling and completion of exploratory and developmental wells for the global oil and gas industry. The Company currently owns 11 mobile offshore drilling units and is constructing two ultra-deepwater drillships.  The Company was founded in 1968 and is headquartered in Houston, Texas.  Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol "ATW."