Atwood Oceanics, Inc.  (NYSE: ATW) announced today that one of its subsidiaries had reached an agreement for a six-month extension of its existing contract with Eni S.p.A. for the jackup rig, the Atwood Beacon.  The Atwood Beacon commenced its initial two-year drilling services contract with Eni on December 24, 2013, for operations offshore Italy. The agreement revises the day rate to €117,155, inclusive of equipment upgrade costs, from €135,100 beginning March 1, 2015 and extends the Atwood Beacon’s firm commitment from December 24, 2015 through June 2016.

Atwood Oceanics, Inc. is a leading offshore drilling contractor engaged in the drilling and completion of exploratory and developmental wells for the global oil and gas industry. The Company currently owns 12 mobile offshore drilling units and is constructing two ultra-deepwater drillships.  The Company was founded in 1968 and is headquartered in Houston, Texas.  Atwood Oceanics, Inc. common stock is traded on the New York Stock Exchange under the symbol “ATW.”

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