UK: Awilco Drilling Secures Contract for WilHunter Semi-submersible Rig

Awilco Drilling Limited has signed a contract with Nautical Petroleum plc for 1 firm well and 1 optional well for WilHunter. The contract represents the first well in the SPD multi well multi client 2011 drilling programme. The contract value for the firm part is approximately USD 5 million. Drilling operations are expected to commence early May 2011.

Wilhunter is presently completing its 5 year Special Periodic Survey and upgrading program at Remontowa Shipyard in Poland and is scheduled for delivery in April 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.

Awilco Drilling Limited was incorporated in December 2009 in connection with the acquisition of the two semi submersible drilling rigs, WilPhoenix (previously Arctic II) and WilHunter (previously Arctic IV). The company is registered in England & Wales with its operation based in Aberdeen, Scotland.

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Source:Awilcodrilling, March 14, 2011;