AWDR - Premier option for the provision of WilPhoenix exercised

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.