Atwood Oceanics, Inc.  (NYSE: ATW) (“Atwood”)announced today that one of its subsidiaries has been awarded a drillingservices contract by CNOOC Africa Limited for the semisubmersible rig AtwoodHunter. The contract will be performed offshore Equatorial Guinea, specifies aday rate of $337,000 for a minimum term of 90 days and includes an option forone additional well.  To the extent the term exceeds 90 days the day rate fordays 91 to 180 shall be $330,000.  Any term in excess of 181 days shall have adayrate of $325,000.  The Atwood Hunter is expected to commence the contractmid-August 2014.

In connection with  this contract, an Atwood subsidiary and Guinea  Ecuatorial dePetroleos (“GEPetrol”) mutually agreed to terminate the parties’ previouslyannounced contract for the Atwood Hunter  provided certain conditions are met.

Atwood Oceanics, Inc. is a leading offshore drilling contractor engaged in thedrilling and completion of exploratory and developmental wells for the globaloil and  gas industry. The company currently owns 12 mobile offshore drillingunits and is constructing three ultra-deepwater drillships. The company wasfounded 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.”For a full list of the official  Social Media pages for Atwood Oceanics, Inc.please visit our Investor Relations site at:http://ir.atwd.com/GenPage.aspx?II.

For more information, please visit: Atwood Oceanics, Inc.

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