0Q2K Awilco Drilling Plc

 
TIDMAWDR 
 
   Awilco Drilling PLC has signed a Letter of Intent with an undisclosed 
operator for the provision of WilPhoenix in support of a three well Plug 
& Abandonment program.  The program has an estimated duration of 100 
days and will commence in early May 2020.  The contract value is 
estimated at USD 13.8 million. 
 
   WilPhoenix is one of Awilco Drilling's two Enhanced Pacesetter 
semi-submersibles and is equipped for drilling in water depths up to 
1,200 ft.  Awilco Drilling also has two new build rigs on order of Moss 
CS60 ECO MW design equipped for drilling in harsh environments, and 
independent options for additional two rigs of the same design. 
 
   Aberdeen, 30 January 2020 
 
 
 
   For further information please contact: 
 
   Jens Berge, CEO 
 
   Phone: +44 1224 737900 
 
   Cathrine Haavind, IR Manager 
 
   Phone: +47 9342 8464 
 
   Email: 
https://www.globenewswire.com/Tracker?data=w0dglrHt-0yWpLcdhej_vtAZGypf7bnvXn8RR-RUaSsi3Ze--PFJxYV5Gq77oJ38v1nzpDs9crewnQwi1qVHIN4doEt9lD4B9KlhMLp4lBw= 
ch@awilcodrilling.com 
 
   This information is subject to the disclosure requirements pursuant to 
Section 5-12 the Norwegian Securities Trading Act 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 30, 2020 02:00 ET (07:00 GMT)

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