Awilco Drilling settles billing dispute with Apache

Awilco Drilling settles billing dispute with Apache

Norwegian offshore firm Awilco Drilling says it has resolved a $22.8m dispute with Apache North Sea over standby revenue billing for semi-submersible rig WilPheonix.

The companies have agreed that the disputed billing with be cancelled and that the three-year contract between the two companies will be extended by the number of previously disputed days.

WilPheonix commenced a contract with Apache North Sea in 2014 on a three-year deal, which includes a 27-month extension option. The rig entered Hartlepool Shipyard for a planned 60-day rig stay in November 2015, however Awilco had to wait months for Apache’s final project acceptance on the upgrade.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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