Atwood Oceanics, Inc. was an

offshore drilling Offshore drilling is a mechanical process where a wellbore is drilled below the seabed. It is typically carried out in order to explore for and subsequently extract petroleum that lies in rock formations beneath the seabed. Most commonly, the ter ...

contractor headquartered in

Houston Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

. In October 2017, the company was acquired by Ensco plc. The company owned and operated 4 ultra-deepwater

drillship A drillship is a merchant vessel designed for use in exploratory offshore drilling of new oil and gas wells or for scientific drilling purposes. In recent years the vessels have been used in deepwater and ultra-deepwater applications, equipped ...

s, 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 Shell plc is a British multinational oil and gas company, headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New ...

, Woodside Petroleum,

Chevron Corporation Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened t ...

, and Kosmos Energy. In fiscal 2015, the company derived 76% of its revenue from its 6 deepwater

s 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 Australia, officially the Commonwealth of Australia, is a country comprising mainland Australia, the mainland of the Australia (continent), Australian continent, the island of Tasmania and list of islands of Australia, numerous smaller isl ...

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 A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

. In October 2017, the company was acquired by Ensco plc (now Valaris Limited).

References

External links

{{authority control Non-renewable resource companies established in 1968 1968 establishments in Texas Non-renewable resource companies disestablished in 2017 2017 disestablishments in Texas 2017 mergers and acquisitions 1970s initial public offerings

History

See also

References

External links