Awilco Drilling PLC: Contract signed with Shell

With reference to our press release of 14 February 2018, Awilco Drilling PLC is pleased to confirm that a contract has been signed with Shell UK Limited for the provision of WilPhoenix for a decommissioning program of 18 firm wells plus options totalling a further 8 wells.  The firm 18 well program has an estimated duration of 330 days and is scheduled to commence around 1 September 2018. The contract value for the firm term is estimated at USD 38.3 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. Awilco Drilling also has one new build rig on order of Moss CS60 ECO MW design equipped for drilling in harsh environments, and independent options for additional three rigs of the same design.

For further information please contact:

Jon Oliver Bryce, CEO18
Phone: +44 1224 737900

Cathrine Haavind, IR Manager
Phone: +47 9342 8464
Email: ch@awilcodrilling.com


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