AWDR - Contract signed with Suncor

With reference to our press release of 7 December 2011, Awilco Drilling PLC is pleased to confirm that the contract with Suncor Energy UK Limited for the provision of WilHunter for the drilling of one HPHT exploration well is signed. The contract is expected to commence in Q3 of 2012.

WilHunter is one of Awilco Drilling's two Enhanced Pacesetter semi-submersibles and is equipped for drilling in water depths up to 1,500 ft.

Aberdeen, 23 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.