wilphoenix awilco drilling

Awilco’s WilPhoenix Semisubmersible Gains 3-Year Drilling Contract

Rob Almeida
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June 23, 2013

Wilphoenix, image: Awilco Drilling

Aberdeen-based offshore drilling contractor Awilco Drilling PLC, announced today they have signed a Letter of Intent (LOI) with Apache North Sea Ltd and TAQA Bratani Ltd for the provision of their Friede & Goldman L-907 Enhanced Pacesetter semi-submersible drilling rig WilPhoenix for a 3+2 year contract commencing in the second half of 2014.

The contract value for the first three year firm term is estimated to be approximately USD $424 million.

WilPhoenix (formerly the Arctic II) and its sister rig, WilHunter (previously Arctic IV) were acquired upon Awilco’s founding in December 2009 and are equipped to drill in water depths up to 1,200 ft.

Wilphoenix is DNV-classed, Vanuatu-flagged, and built in 1982.

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