Awilco Drilling plc
Awilco Drilling plc
05/04/2022 | Press release | Distributed by Public on 05/04/2022 01:55
Awilco Drilling PLC: Sale of WilPhoenix
Tid04.05.2022, 07:45:00
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Awilco Drilling PLC: Sale of WilPhoenix
Awilco Drilling PLC (the Company) announces that its fully owned subsidiary
Awilco Drilling Offshore (UK) Limited has signed a Memorandum of Agreement (MOA)
for the sale of the WilPhoenix rig to Well-Safe Solutions Ltd. The agreed
purchase price is USD 15.5 million. Expected time of delivery of the rig is on
or around 1 June 2022.
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. WilHunter, Awilco
Drilling's other semi-submersible, is in the process of being sold for
recycling.
Aberdeen, 4 May 2022
For further information please contact:
Eric Jacobs, Interim CEO
Phone: +44 1224 737900
Cathrine Haavind, Investor Relations
Phone: +47 93 42 84 64
Email: [email protected] (mailto:[email protected])
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Awilco Drilling Offshore (UK) Limited has signed a Memorandum of Agreement (MOA)
for the sale of the WilPhoenix rig to Well-Safe Solutions Ltd. The agreed
purchase price is USD 15.5 million. Expected time of delivery of the rig is on
or around 1 June 2022.
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. WilHunter, Awilco
Drilling's other semi-submersible, is in the process of being sold for
recycling.
Aberdeen, 4 May 2022
For further information please contact:
Eric Jacobs, Interim CEO
Phone: +44 1224 737900
Cathrine Haavind, Investor Relations
Phone: +47 93 42 84 64
Email: [email protected] (mailto:[email protected])
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.