Search results for: Awilco Drilling

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  • 27 June 2016
    Exploration & Production

    UK-based offshore drilling contractor Awilco Drilling has confirmed that the semi-sub WilPhoenix has moored at Apache’s drilling location in the UK North Sea.  The drilling contractor reported on Monday that its 1982-built drilling rig WilPhoenix resumed operations at Apache’s drilling location on the Storr field on Sunday, June 26. To remind, the rig completed the yard stay in Hartlepool in […]

  • 27 July 2011
    Business & Finance

    MPX North Sea Ltd has exercised the option of a second well within its drilling contract with Awilco Drilling PLC and SPD. This well represents the third well of the SPD multi-client, multi-well 2011 drilling programme, and has an estimated contract value of approximately USD 7.3 million. The two wells within the MPX contract are […]

  • 13 February 2019

    UK offshore drilling company Awilco Drilling has posted a net loss for the fourth quarter of 2018 of $24.2 million.

  • 17 June 2016
    Exploration & Production

    UK-based offshore drilling contractor Awilco Drilling has informed that its semi-sub rig will leave the yard soon to continue working for Apache in the North Sea.  Awilco’s 1982-built drilling rig WilPhoenix completed the yard stay in Hartlepool in April. However, at the time, Apache did not agree that the rig was ready to drill nor that Awilco Drilling […]

  • 7 November 2011
    Business & Finance

    Awilco Drilling PLC confirmed last week that the contract with Endeavour Energy UK Ltd for the provision of WilHunter for their Rochelle development program is signed. The contract is expected to commence late Q1 2012. To remind, Awilco Drilling PLC had signed on October 5th a Letter of Intent (LOI) with Endeavour Energy UK Ltd […]

  • 19 November 2015
    Exploration & Production

    Awilco Drilling, a UK-based driller operating two drilling rigs, has reported a rise in its third quarter 2015 revenue and profit. However, half of its drilling fleet is currently out of work. Revenue in the quarter was $90.4 million, up from $74 million in the third quarter a year ago. Worth noting, most of the […]

  • 23 January 2018
    Business & Finance, Exploration & Production

    Offshore driller Awilco Drilling has signed a letter of intent with an undisclosed operator for the provision of the WilPhoenix drilling rig. The one-well program has an estimated duration of 115 days and will start in direct continuation from the rig’s current contract with Apache North Sea Limited in the second quarter of 2018, Awilco Drilling informed […]

  • 22 March 2012
    Business & Finance

    Further to the stock exchange announcements of 31st of January and 18th February 2012, Awilco Drilling PLC confirms that the WilHunter recommenced normal drilling activity yesterday, 21st March, for MPX Energy Ltd on the Orlando well, Block 3/3b in the UKCS, as part of the SPD multi-well multi-client programme. Awilco Drilling PLC previously reported that […]

  • 6 October 2011
    Business & Finance

    Awilco Drilling PLC has signed a Letter of Intent (LOI) with Hess UK Ltd for the provision of WilPhoenix for work related to their 2012 abandonment program on the Fife and Fergus fields. The contract duration is estimated to be about 200 days with a contract value of approximately USD 51 million. The contract is […]

  • 8 May 2012
    Business & Finance

    Last week Awilco Drilling PLC and Suncor Energy signed a Letter of Intent (LOI) for the extension of the contract for the WilHunter semi-submersible drilling rig. Awilco yesterday confirmed that the contract amendment with Suncor Energy was signed to extend the contract for WilHunter for the drilling of a second firm well estimated at 61 days. […]

  • 5 April 2011
    Business & Finance

      AGR Petroleum Services Limited has declared option wells numbered one, two and three of its contract with Awilco Drilling Limited for the Wilphoenix. These options represent the second, third and fourth wells of AGR’s multi well multi client 2011 drilling programme. The combined contract value for the declared option wells is approximately USD 22 […]

  • 6 October 2011
    Business & Finance

    Awilco Drilling PLC has signed a Letter of Intent (LOI) with Endeavour Energy UK Ltd for the provision of WilHunter for their Rochelle development program. The contract duration is estimated to be about 150 days with a contract value of approximately USD 37 million. The contract is expected to commence late Q1 2012. WilHunter is […]

  • 30 January 2020
    Business & Finance, Exploration & Production

    Awilco Drilling has signed a letter of intent with an undisclosed operator for the provision of WilPhoenix in support of a three well plug & abandonment program.

  • 8 June 2020
    Business & Finance, Business developments & projects

    Awilco Drilling has decided to cancel a semi-submersible rig order with rig builder Keppel due to breaches under the construction contract.

  • 21 December 2011
    Business & Finance

    On October 6 Awilco Drilling PLC signed a Letter of Intent (LOI) with Hess UK Ltd for the provision of WilPhoenix for work related to their 2012 abandonment program on the Fife and Fergus fields.  Yesterday, Awilco confirmed that the contract is signed and is due to commence late Q1 2012. The contract duration is […]

  • 7 November 2011
    Business & Finance

    Awilco Drilling PLC confirmed last week that the contract with Endeavour Energy UK Ltd for the provision of WilHunter for their Rochelle development program is signed. The contract is expected to commence late Q1 2012. To remind, Awilco Drilling PLC had signed on October 5th a Letter of Intent (LOI) with Endeavour Energy UK Ltd for the […]

  • 10 February 2011
    Business & Finance

      Awilco Drilling Limited has entered into a Memorandum of Understanding (MOU) with SPD Limited for the semi-submersible drilling rig, WilHunter. The MOU is for 1 firm and 6 optional wells in the UK . Awilco Drilling also confirms that it has signed a Letter of Intent (LOI) with Nautical Petroleum PLC for 1 firm […]

  • 25 December 2011
    Business & Finance

    Awilco Drilling PLC on Friday signed the contract with Suncor Energy UK Limited for the provision of WilHunter for the drilling of one HPHT exploration well. The contract value is estimated to be USD 27 million. The contract is expected to commence in Q3 of 2012. WilHunter is one of Awilco Drilling’s two Enhanced Pacesetter […]

  • 17 August 2017
    Exploration & Production

    UK-based offshore drilling contractor Awilco Drilling has recorded increased profit and revenues in the second quarter of 2017 when compared to the same period last year. Awilco’s said in its financial report that the net profit for the quarter was $15.1 million, compared to $6.9 million in the corresponding period in 2016. Contract revenue for […]

  • 15 February 2018
    Business & Finance, Exploration & Production

    Awilco Drilling has lost an opportunity for a potential contract for its only active rig as an unnamed operator no longer plans to run the drilling campaign for which the rig was hired. 

  • 4 May 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Petrofac has postponed the beginning of the plug & abandonment program on Rubie and Renee fields in the UK North Sea. As a result, Awilco Drilling’s rig has been put on standby.

  • 23 June 2020
    Business & Finance, Business developments & projects

    Keppel has started an arbitration process to resolve a dispute with Awilco Drilling related to a termination of a rig construction contract.