 | |
| Industry | Petroleum industry |
|---|---|
| Founded | 1968; 57 years ago (1968) |
| Defunct | October 6, 2017; 7 years ago (2017-10-06) |
| Fate | Acquired by Ensco plc |
| Headquarters | Houston, Texas |
| Products | Offshore drilling |
| Revenue |  $1.395 billion (FY 2015) |
| Operating income | $531 million (FY 2015) |
| Net income | $432 million (FY 2015) |
| Total assets | $4.809 billion (FY 2015) |
| Total equity | $2.947 billion (FY 2015) |
| Number of employees | 1,868 (2015) |
Atwood Oceanics, Inc. was an offshore drilling contractor headquartered in Houston, Texas. In October 2017, the company was acquired by Ensco plc.
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.
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.
In fiscal 2015, the company derived 76% of its revenue from its 6 deepwater drillships and semisubmersibles.
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.
History
The company was founded in 1968 by John Atwood.
The company began operation by 1970. In 1972, the company became a public company.
In October 2017, the company was acquired by Ensco plc (now Valaris Limited).
See also
- 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
- ^ "Ensco plc Completes Acquisition of Atwood Oceanics" (Press release). Business Wire. October 6, 2017.
- ^ "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
- Historical business data for Atwood Oceanics:
- SEC filings