AWDR – Contract Amendment signed with Suncor Energy

Further to our press release of 3 May, Awilco Drilling PLC is pleased to confirm that the contract amendment with Suncor Energy has now been signed to extend the contract for WilHunter for the drilling of a second firm well estimated at 61 days. The second well under the contract is expected to commence in Q1 of 2013.

WilHunter is one of Awilco Drilling’s two Enhanced Pacesetter semi-submersibles and is equipped for drilling in water depths up to 1,500 ft.

Aberdeen, 7 May 2012

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 to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.