Awilco Drilling PLC

Regulatory Filings • Apr 26, 2016

AWDR - Operational Update for WilPhoenix

AWDR - Operational Update for WilPhoenix

Reference is made to Awilco Drilling's press release of 4 April 2016. The yard

stay for WilPhoenix is now complete and Awilco Drilling considers the rig to be,

in all respects, ready to drill awaiting Apache North Sea Ltd's instructions to

resume operations. The total cost for the yard stay and the installation of the

new BOP was below the budget of USD 42.5 million. In accordance with the

contract, Awilco Drilling considers that WilPhoenix is on standby rate from the

completion of the yard stay. Apache North Sea Ltd. does not agree that the rig

is ready to drill nor that Awilco Drilling is entitled to standby rate at this

point. A further update will be released as and when appropriate.

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.

Aberdeen, 26 April 2016

For further information please contact:

Jon Oliver Bryce, CEO

Phone: +44 1224 737900

Cathrine Haavind, IR Manager

Phone: +47 93 42 84 64

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2007001]