Awilco Drilling PLC

Regulatory Filings • Feb 29, 2016

AWDR - Operational Update for WilPhoenix

AWDR - Operational Update for WilPhoenix

Reference is made to the Awilco Drilling Q4 2015 presentation given on 11

Ferburay 2016. The WilPhoenix remains berthed at Hartlepool while awaiting final

project acceptance by Apache North Sea Ltd prior to re-commencement of the

remaining 22 months of its three-year contract. A further update will be

released upon re-commencement of normal operations.

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, 29 February 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#1990013]