AWDR – Operational Update for WilPhoenix

Reference is made to Awilco Drilling’s press release of 26 April 2016 and the Q1 2016 presentation given on 11 May 2016. Awilco Drilling PLC and Apache North Sea Ltd. have agreed that WilPhoenix should leave the yard in Hartlepool around 22 June 2016 and resume operations at Apache’s first drilling location around 26th June. A further update will be released once drilling operations have been resumed.

WilPhoenix is one of Awilco Drilling’s two enhanced pacesetter semi-submersibles and is equipped for drilling in water depths up to 1,200 ft.

Aberdeen, 17 June 2016

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.