Business and Financial Review • Oct 26, 2020
Business and Financial Review
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Awilco Drilling PLC: Cost Reduction
Awilco Drilling PLC announces that in light of the termination of the newbuild
Nordic Winter and the significant delay in the construction and anticipated
start-up of operations of the newbuild rig Nordic Spring, cost saving will be
required. Based on this situation Awilco Drilling Norge AS has decided to
initiate a wide range of cost reducing measures. Further information will be
provided in due course.
Aberdeen, 26 October 2020
For further information please contact:
Jens Berge, CEO
Phone: +44 1224 737900
Cathrine Haavind, IR Manager
Phone: +47 9342 8464
Email: [email protected] (mailto:[email protected])
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
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