WilPhoenix rig committed through 2014

Awilco Drilling has signed a Letter of Intent with an unnamed operator to provide the semisub WilPhoenix.

Offshore staff

ABERDEEN, UK – Awilco Drilling has signed a Letter of Intent with an unnamed operator to provide the semisub WilPhoenix.

The drilling program will start later this year in direct continuation of a contract withPremier Oil in the North Sea and is firm through end-February 2014, extendable by an additional 250 days.

Awilco estimates the contract value for the firm period at $148 million.

4/18/2012

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