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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