AWDR – Letter of Intent signed with Endeavour

Awilco Drilling PLC has signed a Letter of Intent (LOI) with Endeavour Energy UK Ltd for the provision of WilHunter for their Rochelle development program. The contract duration is estimated to be about 150 days with a contract value of approximately USD 37 million. The contract is expected to commence late Q1 2012.

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, 5 October 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.