Awilco Drilling Limited has signed a contract with Nautical Petroleum plc for 1 firm well and 1 optional well for WilHunter. The contract represents the first well in the SPD multi well multi client 2011 drilling programme. The contract value for the firm part is approximately USD 5 million. Drilling operations are expected to commence early May 2011.
Wilhunter is presently completing its 5 year Special Periodic Survey and upgrading program at Remontowa Shipyard in Poland and is scheduled for delivery in April 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, 14 March 2011
For further information please contact:
Jon Oliver Bryce, CEO
Phone: +44 1224 737900
Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64