Hess to Extend WilHunter Contract (UK)

Awilco Drilling PLC has signed a Letter of Intent (LOI) with Hess UK Ltd for the provision of WilHunter semi submersible drilling rig for additional work related to their 2013, 2014 and 2015 abandonment program in the Central North Sea.

The current firm contract duration of 400 days is to be extended by an additional 550 days to 950 days in total plus options for up to 275 days. The additional firm period increases the contract value by approximately USD 212 million. The contract is expected to commence in April 2013.

WilHunter is one of Awilco Drilling’s two Enhanced Pacesetter semi-submersibles and is equipped for drilling in water depths up to 1,500.

[mappress]
February 5, 2013