Atwood Oceanics, Inc. was an offshore drilling contractor headquartered in Houston, Texas. In October 2017, the company was acquired by Ensco plc.[1]
 | |
| Industry | Petroleum industry |
|---|---|
| Founded | 1968 |
| Defunct | October 6, 2017 |
| Fate | Acquired by Ensco plc |
| Headquarters | Houston, Texas |
| Products | Offshore 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
editThe 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 Valaris Limited).
See also
edit- 100 Fastest-Growing Companies 2010: All Stars - FORTUNE
- 100 Fastest-Growing Companies 2008: Atwood Oceanics - ATW - from FORTUNE
- Atwood Oceanics’ John Irwinto lead IADC into 21st Century
- Offshore career no ‘walkabout’for 2000 IADC Chair John Irwin
- Generations: a changing industry
- Exception
- GOODWYN ‘A’ DRILLING FACILITIES
- New Atwood jackup utilizes proven technology
- May 05 Connect IADC
- James Holland - Atwood Oceanics Inc (atw)
- Atwood Presentation - Credit Suisse Feb 8
- May 04 Connect IADC
- Derek Morrow, Atwood Oceanics: From Scotsman to Aussie, he’s never looked back
- Atwood’s Holloway receives Exemplary Service Award
- Mark Childers awarded for service, innovation
- HBJ 2006 EOY
References
edit- ^ a b "Ensco plc Completes Acquisition of Atwood Oceanics" (Press release). Business Wire. October 6, 2017.
- ^ a b c d e "Atwood Oceanics, Inc. Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "John Atwood, Founder Of Atwood Oceanics, Dies At Age 85". Oil & Gas Investor. July 18, 2008.
External links
edit- Historical business data for Atwood Oceanics:
- SEC filings