Awilco Drilling Signs LOI with Hess UK for Abandonment Program

Awilco Drilling PLC has signed a Letter of Intent (LOI) with Hess UK Ltd for the provision of WilPhoenix for work related to their 2012 abandonment program on the Fife and Fergus fields.

The contract duration is estimated to be about 200 days with a contract value of approximately USD 51 million. The contract is expected to commence late Q1 2012.

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

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Source: Awilco Drilling, October 6, 2011