Awilco Drilling Plc: Sale Of Wilphoenix
04 May 2022 - 05:45PM
UK Regulatory
TIDMAWDR
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: ch@awilcodrilling.com
https://www.globenewswire.com/Tracker?data=jUGUBDli3RFUo8nsGsbupu8eaNjDYwgeSa0lJN3vqWLLEDT3h0BHh6ITKIBxFnHW2B_N9Pd3Rk6at-dPPEHpA5t7pw7wszz6cCoBm2NO9PI=
This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
(END) Dow Jones Newswires
May 04, 2022 03:45 ET (07:45 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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