Operational Update for WilPhoenix Oslo Stock Exchange:AWDR

With reference to our press release of 9 March 2020, Awilco Drilling PLC and Petrofac Facilities Management Limited (Petrofac) have agreed to delay the commencement of the Plug & Abandonment program on Rubie and Renee until 25th May 2020 and that WilPhoenix will be on Standby Rate for the period of the delay.

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. Awilco Drilling also has two new build rigs on order of Moss CS60 ECO MW design equipped for drilling in harsh environments, and independent options for additional two rigs of the same design.

Aberdeen, 4 Mai 2020

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

Cathrine Haavind, IR Manager
Phone: +47 9342 8464
Email: ch@awilcodrilling.com

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