Atwood Oceanics (NYSE:ATW) has delivered one of the finest growth stories of any offshore drilling company over the past few years. Furthermore, the company looks well-positioned to continue to deliver growth over the next few years, with its three newbuild drillships and one high-specification jack-up due to be delivered between now and 2015. This will give the company one of the youngest ultra-deepwater fleets in the industry and that is an enviable position to be in for reasons, which my regular readers are already aware of. This all points to a company that could deliver superior returns going forward.
Atwood Oceanics has a fleet of sixteen offshore drilling rigs consisting of:
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