Awilco Drilling PLC

Regulatory Filings • Apr 4, 2016

AWDR - Operational Update for WilPhoenix

AWDR - Operational Update for WilPhoenix

Reference is made to Awilco Drilling's press release of 29 February 2016 and the

Q4 2015 presentation given on 11 February 2016. The yard stay for WilPhoenix is

taking longer than anticipated and in the meantime the rig remains berthed at

Hartlepool on zero dayrate. Awilco Drilling is working expediently to close out

the yard stay in co-operation with Apache North Sea Ltd. The estimated total

cost for the yard stay and the installation of the new BOP continues to be below

the budget of USD 42.5 million. A further update will be released upon re-

commencement of the rig's remaining 22 months of its three-year contract.

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, 4 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#1999997]