Premier Oil UK Limited has exercised its option to extend the term of its drilling contract with Awilco Drilling PLC. This option is for a period of approximately 70 days commencing in March 2014 and has an estimated additional contract value of USD 22 million.
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, 1 April 2013
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.