Atwood Delays Drillship duo by Two Years
has agreed not to terminate the construction contracts except in accordance with the terms of the supplemental agreements. The Company retains the option to take earlier delivery of each drillship, subject to a 45-day notice period to DSME, without affecting the final milestone payment date. Rob Saltiel, President and Chief Executive Officer, commented, "The restructuring of payment and delivery schedules for the Atwood Admiral and Atwood Archer is an important step in our capital structure management, enhancing liquidity and improving capital commitment timing. The two-year extensions
18 O&G Leaders Appointed to NOIA Board
, North America, Schlumberger Bill Flores, Senior Vice President Engineering, Houston Energy, LP Lynne Hackedorn, Vice President Government and Public Affairs, Cobalt International Energy Richard Lunam, Vice President Exploration and Production, North America, ConocoPhillips Rob Saltiel, President and CEO, Atwood Oceanics, Inc. Richard Williams, Global Business Line Manager, Construction Support, Fugro
February 2025
