WilPhoenix (Divested)

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escveritas
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WilPhoenix (Divested)

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CONTRACT SIGNED FOR WILPHOENIX

Aberdeen, 19 April 2021

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Awilco Drilling PLC is pleased to confirm that a contract has been signed with Ithaca Oil and Gas Limited for the provision of WilPhoenix for a single exploration well at Fotla in Block 22/1b. The well will commence no earlier than 31st May 2021.

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.
escveritas
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Re: WilPhoenix

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AWILCO DRILLING PLC: WILPHOENIX DOWNTIME

The WilPhoenix incurred technical downtime on Monday 16th November whilst operating for Serica Energy (UK) Limited on the Rhum R3 Intervention Project. Repairs to the failed equipment have been completed but the rig remains on zero rate awaiting weather conditions to allow the work to continue. Operations are expected to resume on or about 17th December but as a consequence of the downtime and weather delays, WilPhoenix is expected to remain at Rhum until late January 2021.

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 one new build rig on order of Moss CS60 ECO MW design equipped for drilling in harsh environments, and an option for one additional rig of the same design.

Aberdeen, 15 December 2020
escveritas
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Re: WilPhoenix

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AWILCO DRILLING PLC: SALE OF WILPHOENIX

Awilco Drilling PLC (the Company) announces that its fully owned subsidiary Awilco Drilling Offshore (UK) Limited has signed a Memorandum of Agreement (MOA) for the sale of the WilPhoenix rig to Well-Safe Solutions Ltd. The agreed purchase price is USD 15.5 million. Expected time of delivery of the rig is on or around 1 June 2022.

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. WilHunter, Awilco Drilling’s other semi-submersible, is in the process of being sold for recycling.

Aberdeen, 4 May 2022
escveritas
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Re: WilPhoenix

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AWILCO DRILLING PLC: SALE OF WILPHOENIX CONCLUDED

Further to our Press Release of 4 May 2022, Awilco Drilling Plc announces that its fully owned subsidiary, Awilco Drilling Offshore (UK) Limited, has now concluded the previously announced sale of the drilling rig WilPhoenix. Concurrent with this transaction, the short-term shareholder loan with Awilhelmsen Offshore AS and QVT Family Office Fund LP has been redeemed.

WilHunter, Awilco Drilling’s other semi-submersible, is in the process of being sold for recycling.

Aberdeen, 9 June 2022
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