Awilco Drilling PLC: Contract Amendment signed with Shell

Further to our press releases of 18 and 30 May 2018, Awilco Drilling PLC is pleased to confirm that a contract amendment has now been signed with Shell UK Limited granting three additional options on WilPhoenix. Each option covers the drilling of a single exploration well within or at the end of the current decommissioning program. The options are to be declared by 31st August 2019.

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.

Aberdeen, 4 October 2018


For further information please contact:

Jon Oliver Bryce, CEO
Phone: +44 1224 737900

Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
Email: ch@awilcodrilling.com


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