Atwood Oceanics Announces Three-Month Contract Extension for the Vicksburg

HOUSTON, April 15 /PRNewswire-FirstCall/ -- ATWOOD OCEANICS, INC., Houston-based International Drilling Contractor (NYSE: ATW), announced today that the VICKSBURG (owned and operated by our wholly-owned subsidiary Atwood Oceanics Pacific Limited) has been awarded a three-month contract extension by Nucoastal (Thailand) Limited. With the extension, the rig's current contract commitment (with a dayrate of $90,000) will extend to the end of September 2010.

Statements contained in this report with respect to the future are forward-looking statements. These statements reflect management's reasonable judgment with respect to future events. Forward-looking statements involve risks and uncertainties. Actual results could differ materially from those anticipated as a result of various factors including; the Company's dependence on the oil and gas industry; the risks involved in the construction of a rig and commencement of operations of the rig following delivery; competition; operating risks; risks involved in foreign operations; risks associated with possible disruption in operations due to terrorism, acts of piracy, embargoes, war or other military operations; and governmental regulations and environmental matters. A list of additional risk factors can be found in the Company's annual report on Form 10-K for the year ended September 30, 2009, filed with the Securities and Exchange Commission.

SOURCE Atwood Oceanics, Inc.

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