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Awilco Drilling PLC

Regulatory Filings Dec 15, 2020

3547_rns_2020-12-15_949f825c-e71f-47d2-bfac-50a62d04f4c7.html

Regulatory Filings

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Awilco Drilling PLC: WilPhoenix downtime

Awilco Drilling PLC: WilPhoenix downtime

The WilPhoenix incurred technical downtime on Monday 16(th) November whilst

operating for Serica Energy (UK) Limited on the Rhum R3 Intervention Project.

Repairs to the failed equipment have been completed but the rig remains on zero

rate awaiting weather conditions to allow the work to continue. Operations are

expected to resume on or about 17(th) December but as a consequence of the

downtime and weather delays, WilPhoenix is expected to remain at Rhum until late

January 2021.

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. Awilco Drilling

also has one new build rig on order of Moss CS60 ECO MW design equipped for

drilling in harsh environments, and an option for one additional rig of the same

design.

Aberdeen, 15 December 2020

For further information please contact:

Jens Berge, CEO

Phone: +44 1224 737900

Cathrine Haavind, IR Manager

Phone: +47 93 42 84 64

Email: [email protected] (mailto:[email protected])

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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