DELIVERING THE DIFFERENCE
Awilco Drilling Limited was incorporated in December 2009 in connection with the acquisition of the semi-submersible drilling rigs, WilPhoenix and WilHunter. The company is registered in England & Wales with its operations based in Aberdeen, Scotland. The Company re-registered to a public company on 14 April 2011, under the name Awilco Drilling PLC. Awilco Drilling has recently embarked on a growth phase, with the ordering of two new Moss Maritime CS60 ECO MW drilling rigs from Keppel FELS, Singapore, with options for two further sister rigs.
Awilco Drilling PLC is listed on the Oslo Stock Exchange main listing under the ticker code AWDR. The Awilhelmsen Group is the largest shareholder controlling 37.1% of the shares, and its ownership in Awilco Drilling PLC is managed by Awilco AS on behalf of the Awilhelmsen Group. Awilco AS was established in 1939 and is a private shipowning company located in Oslo, Norway, focusing on investments in and operation of shipping and offshore assets. Awilco AS has owned and operated vessels within various shipping, offshore, and oil service segments and has an extensive in-house commercial and technical competence coupled with a strong track-record. Awilco AS is a wholly-owned subsidiary of Awilhelmsen AS. Awilco Drilling PLC has management agreements in place with Awilco AS (and related companies) for ad-hoc support services.
Our vision is to be a partner of choice, continuously "delivering the difference" to our customers.
BUILDING ON SOLID FOUNDATIONS
Awilco Drilling has delivered safe and efficient operations for a wide range of operators in UK’s North Sea. Awilco Drilling prides itself on consistently achieving excellent QHSE performance as well as high rig operational uptime, thus aligning ourselves with our customer’s goals.
Awilco Drilling is expanding and will build upon its existing UK performance track record and competence to take on the challenges of the most demanding / harsh floater regions of the world. Awilco Drilling will enhance this performance by deploying cutting edge technologies focussed in continual improvement in well construction performance whilst reducing energy consumption and emissions.
Awilco Drilling shall create shareholder value through the provision of a quality, reliable and customer focused service to the market.
The management team shall safely, efficiently and effectively deliver a mobile drilling rig service to customers, with a view to securing the most lucrative dayrate contracts in conjunction with the highest achievable rig utilisations.
Awilco Drilling shall evaluate growth opportunities which best complement the company’s financial and operational aspirations.
Interim Chief Executive Officer
Mr. Smith has more than 30 years experience in the offshore and marine industries. During this time he has held a range of senior operational, management and development positions, most recently as Director QHSE at Northern Offshore Ltd. Mr. Smith holds a licence as a Master Mariner.
Chief Finance Officer
Mr. Wilson has more than 30 years of experience in the drilling industry and has held several key positions most recently as Director – Finance and Administration for ENSCO’s European and African operation. He has extensive experience in international and domestic operations and has worked in many different geographic jurisdictions. Mr Wilson is a Chartered Accountant.
Mr. Holman has 35 years of experience in the drilling industry and has held several senior operational positions, most recently as Country Manager for Archer AS. His extensive experience includes mobile and platform drilling operations and rig projects, in both domestic and international environments.
Awilco Drilling PLC has management agreements in place with Awilco AS (and related companies) for ad-hoc support services.
BOARD OF DIRECTORS
Non-Executive Director and Chairman
Mr. Thorvildsen is the CEO of the Awilhelmsen Group of companies. He has more than 30 years of experience from the Shipping and Offshore industry. Mr. Thorvildsen has previously held several senior positions, among them the position as CEO of Awilco AS, the Chairman of the Board of Awilco Offshore ASA and Awilco Heavy Transport ASA (later Ocean HeavyLift ASA). He holds an MBA from the Norwegian School of Management. Mr. Thorvildsen is a Norwegian citizen.
Mr. Fougner is the COO of the Awilhelmsen Group. He has more than 30 years of experience from the Shipping, Offshore and Banking industry both in Norway and internationally. Mr. Fougner has previously held several senior positions, among them the position as CEO of Awilco Offshore ASA and CFO of Awilco AS. He holds an MBA from the Norwegian School of Economics and Business Administration. Mr. Fougner is a Norwegian citizen.
Mr. Gold is the CEO of QVT Financial LP, an asset management company with offices including New York, London, Singapore, and New Delhi. QVT Financial, through its managed funds, is an experienced global investor in the shipping and offshore industries. Mr. Gold holds an AB in Physics from Harvard College. Mr. Gold is an American citizen.
Mr. Simpson has over 35 years experience in banking and in shipping finance. Currently he is an Executive Director of Marine Capital Limited, a shipping investment management company. He also has a number of non-executive roles in the UK, including as Chairman of Sovereign Housing Group. Previously Mr Simpson was CEO of Den norske Bank (now DnB NOR) in London and Regional Director of DnB’s Asia -Pacific operations. Mr Simpson is authorised by the UK FSA. He holds an MSc from the London Business School and a BSc from the University of Southampton. Mr. Simpson is a British citizen.
Mrs. Syrrist has work experience as an independent consultant to Norwegian companies, and as financial analyst in Elcon Securities ASA and First Securities ASA. She also has extensive non-executive experience from both listed and private companies. She holds a Master of Science from the Norwegian Institute of Technology. Mrs. Syrrist is a Norwegian citizen.
The tasks of the Remuneration Committee is to consider Awilco Drilling’s remuneration policy and programs, including bonus programs, share-based compensation and present recommendations to the Board of Directors for decision. The committee evaluates annually the CEO’s and the Key Management’s remuneration and present recommendations to the Board of Directors for decision. Current members of the Remuneration Committee are Mr Sigurd E. Thorvildsen (Chairman of the Committee), Mr Dan Gold (member) and Mr Henrik Fougner (member).
The tasks of the Audit Committee are to monitor the financial reporting process, monitor the effectiveness of internal control and risk management, to have regular communication with Awilco Drilling’s external auditor regarding the auditing of the financial statements and evaluate and oversee the auditor’s independence. The Audit Committee is composed of two members of the Board, and its members are currently Mr John Simpson (Chairman of the Committee) and Henrik Fougner (member).
The Nomination Committee nominates shareholder representatives to the Board of Directors. The Directors of the Board are elected by the General Meeting of Shareholders. The committee has two members who are elected directly by the General Meeting of Shareholders. Current members of the Nomination Committee are Mr Tom Furulund (Chairman of the Committee) and Mr Henrik Christensen (member).
In 2010, Awilco Drilling became a member of the International Association of Drilling Contractors (IADC). Awillco Drilling remains a member of the IADC and the IADC – North Sea Chapter.
|IADC 2018 Certificate||IADC NS Certificate 2018|
Awilco Drilling is also a long standing member of Oil & Gas UK.
In 2013, Awilco Drilling became a member of Step Change in Safety and still remains a member.