Eni to use Atwood Beacon jack up offshore Israel

Atwood Oceanics Inc. said Eni SPA has let a drilling contract to one of Atwood’s subsidiaries for use of the Atwood Beacon jack up rig, currently working offshore Israel under a contract expected to conclude by July.

The rig then will be moved to Italy. The new contract has a firm duration of 2 years plus a 1-year optional period.

The contract adds $128 million in revenue backlog, said Atwood Oceanics of Houston, a global offshore drilling contractor that owns 13 mobile offshore drilling units and is constructing three ultradeepwater drillships.

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