WilBoss to work offshore Vietnam

Premium Drilling, a joint venture between Awilco ASA and Sinvest ASA, has entered into a contract with Premier Oil Vietnam Offshore BV for the jackup drilling rig, WilBoss for work offshore Vietnam.

Offshore staff

OSLO, Norway -- Premium Drilling, a joint venture between Awilco ASA and Sinvest ASA, has entered into a contract with Premier Oil Vietnam Offshore BV for the jackup drilling rig, WilBoss for work offshore Vietnam.

The 6-month contract is to begin in 1Q 2008. If Premier extends the firm contract period to 12 months prior to commencement, the company will be given an option for a further 12-month period.

WilBoss is under construction at KeppelFELS Shipyard in Singapore and is scheduled for delivery at the end of 4Q 2007.

TheWilBoss jackup will be equipped for high-pressure/high-temperature drilling in water depths to 400 ft (122 m).

8/20/2007

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