Legal Proceedings Report • May 11, 2023
Legal Proceedings Report
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Awilco Drilling PLC: Decision to not appeal the first arbitration case
Reference is made to the stock exchange release of 8 June 2020 from Awilco
Drilling PLC ("Awilco Drilling") regarding the termination of the newbuilding
contract between Awilco Rig 1 Pte. Ltd. ("AR1") and Keppel FELS Limited
("KFELS") for the construction of a semi-submersible drilling rig, hull number
B379 and the stock exchange release from the Company of 21 April 2023 regarding
the ruling of the first arbitration.
Although disappointed with the ruling, AR1 has determined that no appeal will be
made.
Aberdeen, 11 May 2023
For further information please contact:
Eric Jacobs, CEO of Awilco Drilling PLC
Phone: +47 9529 2271
Cathrine Haavind, Investor Relations of Awilco Drilling PLC
Phone: +47 9342 8464
Email: [email protected]
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
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