Cost Reduction Oslo Stock Exchange:AWDR

Awilco Drilling PLC announces that in light of the termination of the newbuild Nordic Winter and the significant delay in the construction and anticipated start-up of operations of the newbuild rig Nordic Spring, cost saving will be required. Based on this situation Awilco Drilling Norge AS has decided to initiate a wide range of cost reducing measures. Further information will be provided in due course. 

Aberdeen, 26 October 2020

For further information please contact:
Jens Berge, CEO
Phone: +44 1224 737900

Cathrine Haavind, IR Manager
Phone: +47 9342 8464

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act