AWDR - Contract signed with Hess

With reference to our press release of 6 October 2011, Awilco Drilling PLC is pleased to confirm that the contract with Hess UK Ltd for the provision of WilPhoenix for work related to their 2012 abandonment program on the Fife and Fergus fields is signed. The contract is expected to commence late Q1 2012.

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.

Aberdeen, 20 December 2011

For further information please contact:

Jon Oliver Bryce, CEO
Phone: +44 1224 737900

Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.