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Awilco Drilling secures LOI for semi-submersible rig

Photo of Jason Jiang Jason JiangFebruary 25, 2020
12 Less than a minute

Awilco Drilling has signed a letter of intent with Serica Energy for the provision of semi-submersible drilling rig WilPhoenix for a one well workover on the Rhum field. The program has an estimated duration of 45 to 70 days and will commence between September and October.

The contract value is estimated at $7.8m to $11.9m.

Awilco Drilling currently owns two semi-submersible rigs with another two newbuildings on the orderbook.

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Photo of Jason Jiang Jason JiangFebruary 25, 2020
12 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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