AWDR – Letter of Intent signed with Suncor

Awilco Drilling PLC has signed a Letter of Intent (LOI) with Suncor Energy UK Limited for the provision of WilHunter for the drilling of one HPHT exploration well estimated at 90 days. The contract value is estimated to be USD 27 million. The contract is expected to commence in Q3 of 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, 7 December 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.