Atwood Oceanics has announced it earned net income of US$65,468,000 on revenues of $184,672,000 for the quarter ended December 31, 2011 compared to net income of $72,927,000 on revenues of $177,558,000 for the quarter ended September 30, 2011.
The result also compares favorably to the same period in 2010, which was net income of $52,850,000 on revenues of $146,286,000 for the quarter ended December 31, 2010.
Atwood Oceanics is an international offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The company currently owns ten mobile offshore drilling units located in the United States Gulf of Mexico, South America, the Mediterranean Sea, West Africa, southeast Asia and Australia, and is constructing an ultra-deepwater semisubmersible, two ultra-deepwater drillships and three high-specification jackups for deliveries in 2012, 2013 and 2014.
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