Premier Oil Extends WilPhoenix Rig Contract (UK)

Premier Oil UK Limited has exercised its option to extend the term of its drilling contract with Awilco Drilling PLC for the WilPhoenix rig.

This option is for a period of approximately 70 days commencing in March 2014 and has an estimated additional contract value of USD 22 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.