AWDR – Contract signed with MPX for the provision of WilHunter

Awilco Drilling Plc has signed a drilling contract with MPX North Sea Ltd for 1 firm well and 1 optional well, representing the second and third well of the SPD multi-client, multi-well 2011 drilling programme. The contract value for the firm part is approximately USD 11 million. The contract is expected to commence early July 2011.

WilHunter is presently completing its 5 yearly Special Periodic Survey and an accommodation upgrade at Remontowa Shipyard in Poland and is expected to leave the yard early May 2011. WilHunter is one of Awilco Drilling`s two Enhanced Pacesetter semi-submersibles and is equipped for drilling in water depths up to 1500 ft.

Aberdeen, 26 April 2011

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.