Awilco Drilling PLC

Awilco Drilling PLC: Contract signed for WilPhoenix

With reference to our press release of 25 February 2020, Awilco Drilling PLC is

pleased to confirm that a contract has been signed with Serica Energy (UK)

Limited for the provision of WilPhoenix for a one well workover on the Rhum

field. The contract has an estimated duration of 70 days including preparatory

works and will commence around 15 September 2020. WilPhoenix is expected to be

available for future work from early December 2020.

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 two new build rigs on order of Moss CS60 ECO MW design equipped for

drilling in harsh environments, and independent options for additional two rigs

of the same design.

Aberdeen, 12 May 2020

For further information please contact:

Jens Berge, CEO

Phone: +44 1224 737900

Cathrine Haavind, IR Manager

Phone: +47 9342 8464

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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