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Awilco Drilling PLC

Regulatory Filings Oct 4, 2018

3547_rns_2018-10-04_015b6d15-3c06-40d7-9e7d-7c036f6d8bc2.html

Regulatory Filings

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Awilco Drilling PLC: Contract Amendment signed with Shell

Awilco Drilling PLC: Contract Amendment signed with Shell

Further to our press releases of 18 and 30 May 2018, Awilco Drilling PLC is

pleased to confirm that a contract amendment has now been signed with Shell UK

Limited granting three additional options on WilPhoenix. Each option covers the

drilling of a single exploration well within or at the end of the current

decommissioning program. The options are to be declared by 31st August 2019.

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 independent options for additional three

rigs of the same design.

Aberdeen, 4 October 2018

For further information please contact:

Jon Oliver Bryce, CEO

Phone: +44 1224 737900

Cathrine Haavind, IR Manager

Phone: +47 93 42 84 64

Email: [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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