A UK based drilling contractor Awilco Drilling PLC has signed a Letter of Award (LOA) with Premier Oil Limited for the provision of WilPhoenix for the drilling of two firm exploration wells estimated at 30 days each with the option to drill up to two additional wells.
The contract value for the firm period is estimated to be about USD 17.4 million. The contract is expected to start in the fourth quarter of 2012.
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.
[mappress] Offshore Energy Today Staff, March 25, 2012; Image: Awilco Drilling