Atwood Oceanics

Atwood Oceanics, Inc. was an offshore drilling contractor headquartered in Houston, Texas. In October 2017, the company was acquired by Ensco plc.^[1]

IndustryPetroleum industry

Founded1968; 58 years ago (1968)

DefunctOctober 6, 2017; 8 years ago (2017-10-06)

FateAcquired by Ensco plc

Quick facts Industry, Founded ...

Atwood Oceanics, Inc.

Industry	Petroleum industry
Founded	1968; 58 years ago (1968)
Defunct	October 6, 2017; 8 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)

Close

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]