AWDR - Letter of Award accepted from Alpha Petroleum
Source: Nasdaq GlobeNewswire / 21 Sep 2017 03:02:37 Eastern Standard Time
Awilco Drilling PLC has accepted a Letter of Award (LOA) from Alpha Petroleum Resources Limited to drill 18 development wells on the Cheviot Field in the Northern North Sea. The firm program has an estimated duration of 1080 days and is scheduled to commence in Q2 2018. The minimum contract value for the firm term is estimated at USD 126 million.
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.
Aberdeen, 21 September 2017
For further information please contact:
Jon Oliver Bryce, CEO
Phone: +44 1224 737900
Cathrine Haavind, IR Manager
Phone: +47 9342 8464
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Awilco Drilling Plc via Globenewswire