UK: Awilco Drilling Plc Secures Contract for WilHunter Semi-Submersible Rig

Awilco Drilling Plc has signed a drilling contract with MPX North Sea Ltd for 1 firm well and 1 optional well, representing the second and third well of the SPD multi-client, multi-well 2011 drilling programme.

The contract value for the firm part is approximately USD 11 million. The contract is expected to commence early July 2011.

WilHunter is presently completing its 5 yearly Special Periodic Survey and an accommodation upgrade at Remontowa Shipyard in Poland and is expected to leave the yard early May 2011. WilHunter is one of Awilco Drilling`s two Enhanced Pacesetter semi-submersibles and is equipped for drilling in water depths up to 1500 ft.

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Source: Awilco Drilling, April 26,2011;